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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Mexico inaugurates $350mn natgas combined cycle power plant in San Luis Potosí
Mexican President Claudia Sheinbaum opened the Villa de Reyes Combined Cycle Plant in San Luis Potosí following a $350mn investment, with plans to inaugurate 60 similar facilities during her administration, El Financiero reported.
Brazil’s Petrobras moves billions into Rio refining push
Petrobras plans to allocate BRL33bn ($6bn) to expand refining and petrochemical activities in Rio de Janeiro, with a focus on production and lower-carbon initiatives, the company said.
Brazil’s oil push tests COP30
Brazil’s COP30 president-designate has defended plans to expand oil output while hosting the next UN climate summit, saying production can align with global net-zero targets.
Brazil’s Petrobras seeks Chinese partners for shipyards
Chinese firms have signed a memorandum of understanding with Brazilian shipbuilders EBR, Rio Grande, Mauá, Enseada and Atlântico Sul to develop new partnerships, Petrobras said.
Petronas expands Suriname exploration with new well
Petronas has expanded its offshore exploration campaign in Suriname's Block 52 with the addition of the Roystonea-2 appraisal well, designed to further evaluate the oil discovery made at Roystonea-1 in November 2023.
Argentina merges electricity and gas regulators into one
Argentina's government has merged its electricity and gas regulatory bodies into a single National Gas and Electricity Regulatory Entity, creating a unified oversight structure for the country's energy sector.
Brazil’s Petrobras unveils $6bn Rio de Janeiro investment programme
Brazil's national oil company (NOC) Petrobras will channel over BRL33bn ($6.08bn) into refining and petrochemical operations across Rio de Janeiro state through 2029, expecting to generate 38,000 direct and indirect employment opportunities.
Brava Energia achieves record offshore production levels in Brazil
Brazilian energy firm Brava Energia reported increased output from its offshore Brazilian assets, establishing fresh production milestones during the second quarter.
Gold Reserve emerges as top bidder in Venezuela’s Citgo auction with $7.38bn offer, bondholders object
Canadian mining firm Gold Reserve has been selected as the leading bidder in the court-supervised auction of Citgo Petroleum’s parent company, PDV Holding, according to documents cited by Reuters
Colombia faces energy security crisis as oil reserves dwindle
Colombia confronts mounting pressure to accelerate hydrocarbon exploration as dwindling reserves threaten the nation's energy independence
French Maurel et Prom consolidates Colombian gas holdings
French energy firm Maurel et Prom has agreed to acquire an additional 21% stake in Colombia's Sinu-9 gas block for $78.75mn.
Brazil breaks new oil record
Brazil recorded its highest oil and natural gas output in May, according to the national regulatory agency’s (ANP) latest monthly report.
Mexican president to present comprehensive Pemex restructuring strategy within three weeks
Mexican President Claudia Sheinbaum announced her administration will deliver a detailed transformation plan for state owned oil company Pemex in approximately three weeks, outlining strategies to strengthen Mexico's national oil company
Mexico seizes 880,000 litres stolen fuel in latest anti-huachicol operation
Mexican authorities confiscated more than 880,000 litres of stolen hydrocarbons stored across two properties in Cunduacán municipality, Tabasco, as part of ongoing efforts against fuel theft known locally as huachicol, El País reported.
Argentina temporarily limits industrial use of natural gas as frigid weather hits
Argentina has imposed restrictions on industrial natural gas supply as record-breaking cold weather drives unprecedented residential heating demand, the nation's energy secretariat announced.
Mexico City fuel entrepreneur targets half-million monthly transactions with station network
A Mexican entrepreneur has launched Urbanus Energy's first service station in Ciudad Nezahualcóyotl, commencing an ambitious 12-location expansion throughout Mexico City's metropolitan corridors
Valero's Mexico Tamaulipas fuel terminal enters final testing phase before commercial launch
Three Valero vessels carrying refined petroleum products will dock at Mexico's Altamira port to validate operational systems at the company's new $180mn distribution facility, with Operadora de Terminales Marítimas overseeing pre-startup procedures
Noble Finance Company seeks scaffolding provider in Guyana
Noble Finance Company has issued a Request for Information (RFI) in search of a supplier of scaffolding for its operations in Guyana.
Gold Reserve-led group to secure Venezuela's Citgo parent in Delaware court auction
A consortium led by Gold Reserve Ltd. is set to be recommended as the top bidder for the parent company of Citgo Petroleum Corp., marking a key milestone in Venezuela’s prolonged creditor dispute.
Colombia's Ecopetrol secures commercial viability for Meta province oil discovery
Colombia's state-controlled oil giant Ecopetrol SA has declared commercial viability for its Lorito field discovery in Meta province, marking the company's most significant hydrocarbon find in ten years.
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