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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CNOOC and ExxonMobil file arbitration proceedings against Chevron over Stabroek Block holdings
CNOOC has joined with ExxonMobil to file an arbitration claim against Chevron over its right to acquire the 30% stake in the Stabroek Block offshore Guyana held by Hess Corporation following its acquisition of the company.
Pemex under fire for delayed repairs and methane leaks from offshore platform
Mexico’s national oil company Pemex has faced criticism for deferring urgent repairs and maintenance on a crucial offshore platform, resulting in methane emissions into the atmosphere.
Enauta sells 20% stake in Brazil’s Atlanta and Oliva fields to WAO
Enauta has agreed to sell a 20% stake in the BS-4 Concession, encompassing the crude oil fields of Atlanta and Oliva in Brazil, to Westlawn Americas Offshore for $312mn.
Pemex’s Dos Bocas refinery start-up delayed again
Mexico’s national oil company Pemex has once again adjusted the timeline for the start of commercial production at the Olmeca refinery in Dos Bocas, state of Tabasco.
TechnipFMC inaugurates new location in Guyana
TechnipFMC has inaugurated a new facility in Georgetown, Guyana, signalling its enhanced support for ExxonMobil's offshore endeavours in the region.
Eco Atlantic seeks partner in Orinduik Block offshore Guyana
Eco Atlantic Oil & Gas is looking to welcome a future partner into its Orinduik Block offshore Guyana, offering up to 75% stake in the coveted acreage.
Brazil’s Senate should include R diesel in Green Bill, say fuel importers
Abicom, the association representing fuel importers in Brazil, is advocating for the inclusion of a specific type of diesel, known as R diesel, in Brazil's upcoming renewable fuel legislation.
New Fortress Energy finalises LNG-to-power deal in Brazil
US-based liquefied natural gas company New Fortress Energy has concluded its acquisition of a 1.6-GW capacity reserve contract from Ceiba Energy, strengthening its position as an LNG-to-power company in Brazil.
Petrobras CEO urges passage of Brazil transition laws for clean energy
Jean Paul Prates, the CEO of Brazil's national oil company Petrobras, has said there is an urgent need for Brazil to pass crucial legislation this year to unlock investment in clean energy technologies.
Venezuela climbs India oil-supply rankings
Venezuela emerged as India's fifth-largest crude oil supplier in February, according to trade sources and refiners. Despite a slight dip in March, imports continued at a steady pace compared to the previous month
Private sector losing ground in Mexican LPG market
The private sector is facing challenges in the liquefied petroleum gases market as the national oil company Pemex gains ground on increased domestic output, declining rates of theft, and energy policies favouring the company.
Latin America must speed up CCS regulations, say experts
Energy investors have said Latin America has an urgent need to establish robust frameworks for the development of carbon capture and storage technologies and ensure attractive returns on investment.
Mexico’s energy policies could shift under new president, says Harbour Energy
Following the June 2 presidential election in Mexico, there is potential for the country to revise its energy policies to stimulate increased oil and gas production, according to Gustavo Baquero, Executive Vice President of Harbour Energy.
Petrobras eyes gas exploration off Colombia's Caribbean coast
Brazil's national oil company Petrobras is venturing into promising offshore areas along Colombia's coast, with plans to drill this year that could lead to a significant gas project to supply the Andean country and support exports.
Vaca Muerta shows potential to quintuple oil output
Argentina is poised to drastically boost its oil output and bolster natural gas reserves in the Vaca Muerta shale play, provided the government streamlines investment rules, Techint Group CEO Paolo Rocca claimed.
Petrobras’ exploration spending propped up by newer, lower-cost technologies, says executive
Brazil’s national oil company Petrobras' investments in exploring new production areas have become more affordable with the use of newer technologies
New bidder emerges for Novonor's stake in Braskem
Braskem, Brazil and Latin America's largest petrochemical company, has attracted the interest of a new potential buyer for a majority stake, intensifying competition among contenders
MAN Energy awarded contract to supply compressor trains for Raia FPSO in Brazil
MAN Energy Solutions has secured a significant contract from MODEC to deliver eleven RB-type compressor trains for a floating production, storage, and offloading (FPSO) vessel destined for Brazil
Corporate confidentiality issues impact Chevron’s bid for Hess
Corporate confidentiality issues are impacting Chevron’s bid for Hess.
Petrobras mulls moving drill rig from Equatorial Margin due to permit delays
Brazil's national oil company Petrobras is considering relocating a drilling rig from the Potiguar Basin in the Equatorial Margin due to delays in obtaining permits for further drilling activities.
Exxon-Chevron dispute overshadows CERAWeek
It’s the talk of CERAWeek in Houston. ExxonMobil and Chevron are still locked in an unprecedented dispute over the ‘crown jewel’ in Chevron’s $56bn bid for Hess late last year - Hess’ 30% stake in the vast Stabroek field, off Guyana.
Geoex MCG secures seismic project contract offshore Venezuela with Ministry of Oil
Geoex MCG, a global provider of subsurface data, has signed a contract for a multi-client seismic project offshore Venezuela with Caracas’ Ministry of Petroleum. It plans to carry out detailed 2D/3D seismic data processing and geochemical analysis.
SLB Guyana seeks inspection services for oil field operations
SLB Guyana, a global leader in oil field services, prepared a Request for Information (RFI) seeking inspection and certification services for its oilfield operations.
Guyana's Stabroek Block output increases by 4% in February
Data from Guyana’s Ministry of Natural Resources showed that the Liza-1, Liza-1, and Payara projects at the Stabroek Block collectively averaged 626,000 barrels per day, marking a 4% increase from January.
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