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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ExxonMobil and partners to invest $55bn in Guyana oil and gas projects by 2027
ExxonMobil, along with its Stabroek Block co-venturers Hess and CNOOC, is set to invest $55bn in Guyana's oil and gas projects by 2027.
Bolivian fuel crisis worsens as roadblocks halt tankers
Bolivia’s state-owned oil company, YPFB, has raised the alarm after 300 fuel tankers, carrying around 1.2mn litres of fuel, were left stranded due to ongoing road blockades.
Panama canal sees significant drop in ship transits amid drought
The Panama Canal has experienced a 29% decrease in ship transits over the past fiscal year due to severe drought conditions, according to the Panama Canal Authority (ACP).
Petrobras to launch pioneering green hydrogen plant
Brazil’s national oil company (NOC) Petrobras is set to construct its first pilot plant for renewable hydrogen generation at the Vale do Açu Thermoelectric Power Plant in Alto do Rodrigues, Rio Grande do Norte.
Petrobras aims to maximise output from existing fields
Brazil’s national oil company (NOC) Petrobras is focusing on extracting maximum oil from its current fields while seeking new reserves to maintain production levels into the next decade.
FPSO Maria Quitéria starts operations at Petrobras’ Jubarte Field
The floating production storage and offlading (FPSO) vessel Maria Quiteria, constructed by Malaysian supplier Yinson, has commenced operations at Brazil’s national oil company (NOC) Petrobras' Jubarte field in Brazil's Campos Basin.
India aims to partner with Petrobras for crude exploration
India is courting Petrobras to explore oil in its deep offshore waters, leveraging the Brazilian national oil company (NOC)’s pre-salt expertise.
Pemex ventures into record depths with $177mn ultra-deepwater well project
Mexican state oil company Pemex is set to push the boundaries of its deepwater capabilities with the ambitious Kuajtla 1 well project.
Venezuela's Q3 oil output rises 3.2%, OPEC data shows
Venezuela's oil production has shown a marked increase in the third quarter of 2024, according to the latest figures released by the Organisation of the Petroleum Exporting Countries (OPEC).
ConocoPhillips moves to secure priority in Citgo auction proceeds
ConocoPhillips has lodged a court motion to maintain its near-top position amongst creditors vying for proceeds from the sale at auction of shares in Citgo Petroleum's Venezuela-owned parent company.
A decade on hold, Petrobras seeks environmental permit
The FZA-M-59 offshore block, held by Petrobras and initially in partnership with BP, has faced a decade-long delay in securing environmental permits.
Petrobras cuts gas prices, rewards big sellers
Petrobras announced a 1.4% reduction in natural gas prices, effective in November, along with a discount programme for piped gas distributors exceeding their minimum contractual volumes.
New Fortress Energy’s Altamira LNG plant in Mexico exports first cargo to the Netherlands
US LNG developer New Fortress Energy has delivered its first LNG cargo to Holland’s Gate terminal from its Altamira LNG plant located in Mexico.
Argentine oil sector poised for growth with transportation overhaul
Argentine company Leviticus has installed new monobuoys at Punta Colorada, providing a major boost to oil shipping in the region.
Brazil’s maritime fleet set to hit 500 vessels
Brazil’s offshore support sector is on the brink of a growth cycle as investments and new contracts are set to boost fleet numbers.
Petrobras cuts 2025 spending forecast
Petrobras plans to reduce its investment target for 2025, despite government requests for an increase.
Venezuelan economy remains reliant on oil as challenges persist
Economist Rafael Quiroz believes Venezuela's economy will remain heavily dependent on oil for several decades, possibly longer than anticipated.
Venezuela advances gas production with Trinidad and Tobago agreement
Venezuela's Vice President and Minister of Petroleum, Delcy Rodríguez, announced the arrival of the vessel Doña José II, as part of a broader agreement with Trinidad and Tobago aimed at enhancing gas production capabilities in the Dragon Field.
ExxonMobil and partners to invest $55 billion in Guyanese oil and gas projects by 2027
ExxonMobil, along with its Stabroek Block co-venturers Hess and CNOOC, is set to invest $55bn in Guyana's oil and gas projects by 2027, according to the terms of the 2016 Stabroek Block Production Sharing Agreement.
Tecpetrol plans a new LNG export project utilising Vaca Muerta gas
Tecpetrol, the oil arm of the Techint group, has unveiled plans for a new liquefied natural gas (LNG) export project utilising gas from Argentina's Vaca Muerta formation.
Trinidad and Tobago are considering acquiring the Loran gas field from Venezuela
Trinidad and Tobago is nearing a deal to acquire the gas-rich Loran field from Venezuela, Energy Minister Stuart Young announced during a recent budget debate in the House of Representatives.
Brazil’s oil giant goes for major shakeup
3R Petroleum Óleo e Gás has received board approval for the merger of subsidiaries Enauta Participações and 3R Operações Offshore.
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