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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Brazil oil field gets new FPSO after 8 years
Brava Energia is replacing the FPSO Petrojarl I at the Atlanta field in Brazil with the FPSO Atlanta, following nearly eight years of operation in the Santos Basin.
Argentina and Brazil close landmark gas export deal
Argentina and Brazil have sealed a landmark gas agreement that will see Vaca Muerta's production being exported to Brazilian markets starting in 2025.
ExxonMobil Guyana to host feedback session for vendors
ExxonMobil Guyana announced plans to host a virtual Contracting Activity Feedback Session for vendors next month, continuing its efforts to strengthen local supply chain engagement.
Petrobras announces global bond redemption
Petrobras announced that its subsidiary, Petrobras Global Finance B.V. (PGF), will redeem two series of notes due in 2025 and 2026.
TDI-Brooks International completes Surinamese seabed survey
TDI-Brooks International has completed a comprehensive seabed survey project for Suriname's national oil company Staatsolie, which was contracted through GeoPartners.
BP signs PSA for natural gas block off Trinidad and Tobago
Trinidad and Tobago signed a production-sharing agreement with BP's local unit to explore and produce natural gas at block NCMA 2.
Exxon exits Suriname offshore exploration block
ExxonMobil has withdrawn from an offshore oil exploration block off Suriname, said national oil company Staatsolie.
Data centres drive Brazil's renewable energy market growth
Brazilian data centres have secured significant renewable energy commitments, contracting an average of 330 MW through 11 long-term agreements over the past three years, according to Clean Energy Latin America (CELA),
Brazilian oil production shifts as FPSO Petrojarl ends service
Brazilian energy company Brava Energia has ended production from the floating, production, storage, and offloading (FPSO) Petrojarl as it prepares to transition operations to the larger FPSO Atlanta at an offshore field
Brazil's oil sector emerges as the leading export force
Brazil has reached a significant milestone as crude oil becomes its primary export product, surpassing traditional powerhouses such as agribusiness and mining, according to the CEO at the national oil company (NOC) Petrobras
Nicaragua unveils new canal route in bid to rival Panama
Nicaraguan President Daniel Ortega has unveiled plans for a 445-kilometre interoceanic canal that would provide an alternative to the congested Panama Canal, presenting the proposal to Chinese investors at a regional business summit.
Suriname oil sector poised for major growth as Saipem and TechnipFMC close Block 58 offshore contracts
TotalEnergies has awarded major contracts for Suriname's first significant offshore oil and gas development, the GranMorgu field in Block 58.
ExxonMobil to acquire three Guyana FPSOs by end of 2024
ExxonMobil is set to acquire the FPSO Liza Destiny from Dutch engineering firm SBM Offshore NV by the end of 2024, marking the oil giant's third FPSO purchase in Guyana ahead of the original contract expiration date of December 2029.
Venezuela faces fresh US pressure as Washington recognises opposition leader as president-elect
The US has ramped up pressure on Venezuela's President Nicolás Maduro by formally recognising opposition candidate Edmundo González as the country's president-elect, marking the first time the Biden administration has used this designation.
ExxonMobil seeking machining and repair work partners in Guyana
ExxonMobil Guyana Limited launched a Local Market Condition Survey to evaluate the capabilities of local suppliers for fabrication, machining, and repair work in the Georgetown area.
Corcel expands into Brazilian gas market with IRAI field option
UK-listed energy company Corcel has announced its entry into Brazil's onshore gas sector through an option agreement with Petroborn Óleo e Gás for the IRAI gas field in Bahia state.
Brazil unveils new climate targets beyond forest conservation
Brazil has announced expanded climate goals ahead of hosting COP30 in Belem next year, targeting a 59-67% reduction in emissions from 2005 levels by 2035, with the new nationally determined contribution (NDC) broadening its focus beyond deforestation
Arrests made after PDVSA gas complex explosion in Venezuela
As many as 11 people have been arrested as part of a probe into an explosion and fire at a major gas complex last week, said Venezuela Vice-President and Oil Minister Delcy Rodriguez.
Petrobras sets $111bn investment target for 2025-2029
Petrobras plans to boost spending on new oil drilling and other projects by investing $111bn between 2025 and 2029 under its new business strategy.
Environmental review complete for new Falkland Islands oil development
The Falkland Islands Executive Council (ExCo) has reviewed the environmental impact statement (EIS) for Navitas Petroleum's Sea Lion Field Northern Development Area following a six-week public consultation that concluded in August 2024.
Petrobras partners with Yara for domestic emissions solution production
Brazil’s national oil company (NOC) Petrobras has signed an agreement with Norway’s fertilizers major Yara to manufacture AUS 32 diesel exhaust fluid locally, aiming to replace imports.
Petrobras sets $111bn investment for 2025-2029
Petrobras plans to invest $111bn between 2025 and 2029 under its new business strategy.
SBM Offshore to unveil three new FPSOs for deployment in Brazil and Guyana
SBM Offshore is finalising preparations for the deployment of three floating production, storage, and offloading vessels in 2025, marking a significant expansion of its operational fleet.
Guyana's Natural Resource Fund receives over $2 billion for the year to date from oil sales
Guyana's Natural Resource Fund has accumulated over $2bn in revenue to date in 2024, with additional inflows expected before year-end, according to data from Guyana's Oil Ledger.
Argentina and Brazil agree to facilitate gas exports from Vaca Muerta
Brazil and Argentina signed a landmark memorandum of understanding during the G-20 meeting in Rio de Janeiro to facilitate gas exports from Argentina's Vaca Muerta shale formation.
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