LatAmOil - Latin America Oil & Gas

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Oil & Gas

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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Petrobras adopts Dry-Flo technology for deluge system testing

2 September 2024

Brazil’s national oil company (NOC) Petrobras has entered into an agreement to implement Dry-Flo technology for dry testing of deluge systems on its Floating Production Storage and Offloading (FPSO) units in the Búzios field.

Helix secures $786mn for Brazilian offshore well intervention

2 September 2024

Helix Energy Solutions has been awarded substantial long-term contracts worth $786mn for offshore operations in Brazil.

Petrobras finalises 26 concession contracts in Pelotas Basin

2 September 2024

Petrobras has signed 26 Concession Contracts from the 4th Permanent Concession Offer Cycle, acquired in partnership with Shell, according to the Brazilian national oil company (NOC).

Petrobras exploring acquisition of Argentine shale gas assets

2 September 2024

Brazilian national oil company Petrobras is exploring the acquisition of shale gas assets in Argentina to support industrial growth.

Guyana to conduct audit of Stabroek Block oil reserves

2 September 2024

Vice President Dr. Bharrat Jagdeo announced in a recent press conference that the Guyanese government will initiate an audit of the Stabroek Block's oil reserves, utilising the expertise of an independent consultant.

Petroperú board urges government to address critical situation of state oil company

29 August 2024

The Board of Directors at Petroperú has called upon the Peruvian Government to urgently decide on the future of the state-owned oil company, warning that the current situation is untenable.

Guyana runs workshop for handling oil spills

29 August 2024

Guyana hosted a four-day workshop focused on oil spill contingency planning. The event was facilitated by the Regional Activity Centre/Regional Marine Pollution Emergency, Information, and Training Centre for the Wider Caribbean Region.

CRP Subsea awarded supply contract for major Guyanese oil project

29 August 2024

CRP Subsea has secured a contract to supply critical equipment for an offshore oil field project in Guyana, as announced by its parent company, AIS.

BP reports indications of crude in Pau Brasil block

29 August 2024

UK oil major BP has informed Brazil’s regulator the National Petroleum Agency (ANP) of oil indications in the inaugural well of the Pau Brasil block, situated in the pre-salt zone of the Santos Basin.

BP, EOG Resources to develop Coconut offshore Trinidad, Shell awards EPCI to McDermott for Manatee

29 August 2024

BP Trinidad and Tobago and EOG Resources Trinidad Limited have announced a partnership to develop the Coconut gas field off the southeast coast of Trinidad in the Columbus Basin.

Guyanese oil output slumps during pipeline hookup for Gas-to-Energy project

29 August 2024

Crude oil production at the ExxonMobil-operated Stabroek Block in Guyana experienced a significant decrease in July due to temporary shutdowns at the Liza field.

Guyanese oil revenue from first half of 2024 significantly boosts Natural Resource Fund

29 August 2024

Guyana's Natural Resource Fund accumulated $1.38bn from oil sales and royalties during the first half of 2024, equating to approximately $7.6mn daily.

TGS and Petrobras sign deal for research and technology

29 August 2024

Norwegian seismic firm TGS has entered into a partnership with Brazil’s national oil company (NOC) Petrobras to collaborate on scientific research and technological development in Brazil.

Mexico’s president-elect Sheinbaum appoints Rodriguez Padilla as Pemex CEO

29 August 2024

President-elect Claudia Sheinbaum has named energy economist Victor Rodriguez Padilla as the new director of the state-owned oil and gas driller Petróleos Mexicanos (Pemex).

Brazil’s CNPE approves new pre-salt auctions and grants Petrobras preference in Jaspe block

29 August 2024

Brazil’s National Energy Policy Council (CNPE) has authorised the auction of new pre-salt blocks in the Santos Basin, specifically the Rubi and Granada areas, to be conducted under the sharing regime by the National Petroleum Agency (ANP).

NOV Flexibles awarded $350mn pipe contract from Petrobras

29 August 2024

Danish pipe manufacturer NOV Flexibles has secured a $350mn contract from Brazil’s national oil company (NOC) Petrobras for the supply of flexible risers to serve both new and existing production platforms offshore Brazil.

Petrobras awards Helix long-term well intervention contracts

29 August 2024

Helix Energy Solutions has clinched new three-year vessel charter and service contracts with Brazil’s national oil company (NOC) Petrobras for its riser-based well intervention vessels, Siem Helix 1 and Siem Helix 2, operating offshore the country.

Brazil’s gas market risks up, price cuts absent

29 August 2024

The Brazilian government’s recent changes to the gas market could deter future investments and are unlikely to lower prices in the near term, according to industry experts.

Mexico's oil output surges in July with new refinery boost

29 August 2024

Mexico's production of petroleum products, including gasoline, diesel and liquefied petroleum gas, surged to 1.07mn barrels per day in July, marking an 18% increase year on year, according to data from Petróleos Mexicanos (Pemex).

Citgo teeters amid Venezuela crisis and $20bn creditor claims

28 August 2024

The future of Citgo, once a crown jewel in Venezuela's overseas oil empire, hangs in the balance as the company grapples with mounting losses and legal challenges.

Guyanese oil revenue from first half of 2024 significantly boosted

28 August 2024

Guyana's Natural Resource Fund (NRF) accumulated GYD 288.35bn ($1.38bn) from oil sales and royalties during the first half of 2024, the Guyanese government confirmed, equating to approximately GYD 1.58bn ($7.6mn) daily.

Petrobras’ interim dividend set at $2.65bn, analysts forecast $6bn in extraordinary dividend

28 August 2024

Petrobras’ board has approved interim dividends and interest on equity totalling BRL13.57bn ($2.65bn), which is equivalent to R$1.05 per outstanding share.

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