Region: Latin America Category: Oil & Gas Frequency: Every Tuesday
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LatAmOil provides oil and gas Insight and Foresight from Mexico and Central America to the Caribbean and South America. From the heavyweight producers such as Brazil to emerging frontiers like Guyana, LatAmOil informs you of what is going on and why through commentary, exclsuive interviews, news and analysis. In such a notoriously challenging environment, in-depth and accurate information makes every difference in vital decision making and strategy – LatAmOil brings this directly to your inbox every week.
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Cartagena summit spotlights natural gas in Colombia's energy transition
The Colombian city of Cartagena witnessed the gathering of industry leaders, national and international experts, and government officials during the Arpel-Naturgás Week 2024 to deliberate on the future trajectory of natural gas in the energy mix.
Venezuela’s PDVSA commits to diversifying trade amid looming US sanctions deadline
State-owned oil company Petróleos de Venezuela is steadfast in its efforts to fortify trade models independent of international sanctions pressure, the company announced on April 11, just a week before the expiration of the sanctions relief.
Norway turns down Costa Rica's request for support on oil exploration studies
Costa Rica's Ministry of Environment and Energy revealed that Norway has declined the government's appeal for assistance in conducting studies on oil and natural gas exploration and exploitation.
Colombia explores oil and gas deal with Venezuela, President Petro reveals
Colombian President Gustavo Petro disclosed ongoing negotiations to embark on oil and natural gas production in Venezuela, following his recent visit to Caracas. Additionally, Colombia aims to export clean energy to its neighbouring nation.
Peru’s PetroTal reports strong Q1 2024 performance, production rises significantly
PetroTal, a key player in the Peruvian oil and gas sector, has unveiled its first-quarter 2024 operational, financial, and corporate updates, showcasing robust performance and strategic advancements.
Peru's oil regulator evaluates offers for Lot X operation in Talara Basin
Peru's hydrocarbons overseer, Perupetro, has garnered interest from two contenders in the race to secure operational control over Lot X, a substantial onshore asset situated in the Talara basin of Peru's north-western region.
GeoPark looks to acquire interests in Argentina's Vaca Muerta
New York-listed oil and gas exploration company GeoPark is looking to a non-operated working interest in unconventional blocks located in Argentina's Neuquen basin, part of the Vaca Muerta shale formation.
UN Security Council to review Venezuela's territorial claim over Guyana's Essequibo region
Guyana president dismisses Venezuela's claims on oil sector and US military presence
Guyanese President Irfaan Ali has refuted Venezuela's “baseless allegations” regarding Guyana's oil industry, its ties with ExxonMobil, and the purported presence of US Southern Command military installations.
Guyana stands firm against Venezuela’s assertive claims, vice president says
Guyana maintains its unwavering vigilance as Venezuela persists in its aggressive assertions, particularly regarding the Essequibo region, which forms two thirds of Guyanese territory, Vice President Bharrat Jagdeo reiterated during a press briefing.
Venezuelan ex-oil minister arrested in corruption probe
Former Venezuelan Oil Minister Tareck El Aissami was arrested on April 9 by Venezuelan authorities in connection with a corruption investigation, following nearly a year of evading capture subsequent to his resignation as PDVSA chief.
TMC Compressors awarded contract from MODEC to supply air system for Guyana FPSO
Compressed air systems supplier TMC Compressors has been awarded a contract by MODEC to supply a large-capacity air compressor system for use in the Errea Wittu floating production, storage and offloading vessel.
Mexico to cut 330,000 bpd or more of oil exports in May
Mexico's national oil company Pemex plans to axe the exports of 330,000 or more barrels per day of oil in May, anonymous sources have told Reuters. The sources are traders.
LatAmOil: Former US officials, senators call on Biden to re-impose Venezuela sanctions
Former US officials, senators call on Biden to re-impose Venezuela sanctions
Former US officials are urging the administration of US President Joe Biden to reimpose oil and gas sanctions on Venezuela should the current regime fail to uphold its democratic commitments.
BP looks set to sell three ageing Trinidad fields to Perenco
Supermajor BP is closing in on a deal to sell some of its Trinidad and Tobago oil and gas assets to Perenco, three people familiar with the talks have said.
Two contractors in Guyana's gas-to-energy project file for arbitration over $90mn cost overruns
Two contractors involved in the construction of the Guyanese Government's gas-to-energy project filed for arbitration over cost overruns amounting to $90mn.
Guyana puts UN, OAS on notice amid renewed border tensions with Venezuela
Guyana's government has condemned Venezuelan President Nicolas Maduro's signing of the "Organic Law for the Defence of Guayana Esequiba", denouncing it as an attempt to annex over two-thirds of Guyana's sovereign territory.
Production in Argentina's Vaca Muerta rises 2.1% in February
Oil production in Vaca Muerta surged by 2.1% in February, reaching 353,044 barrels per day and comprising 37% of Argentina's total output, a report by Regional Investment Consulting stated.
Venezuelan oil exports to US surge 280% in January
Recent data from the US Energy Information Administration reveals a remarkable 280% surge in Venezuelan oil exports to the United States in January 2024, totalling 152,000 bpd, compared to the same period a year earlier (40,000 bpd).
Former US officials call on Biden administration to reinstate Venezuela sanctions over democratic concerns
Former US officials, including diplomats and politics experts, are urging the Biden administration to reimpose sanctions on Venezuelan oil exports should the current regime fail to uphold its democratic commitments ahead of an impending deadline.
ExxonMobil to halt Guyana offshore oil production in Q3 due to gas-to-energy project
ExxonMobil, Guyana's Stabroek Block operator, plans to halt oil production in the third quarter of 2024 to advance construction of the gas pipeline network for the gas-to-energy project.
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