LatAmOil - Latin America Oil & Gas

Suriname posed for the inaugural standalone gas project following the Block 52 discovery

Following discoveries made by Petronas in Block 52, situated off the coast of Suriname, the country appears to be poised to undergo its inaugural standalone gas project.

Pemex expands refining capacity amid operational challenges

As President López Obrador's administration approaches its end, PEMEX has significantly increased its refining capacity and now processes 1.7mn barrels per day.

Petrobras awards SLB OneSubsea contract for Roncador field

Brazil’s national oil company (NOC) Petrobras has awarded SLB OneSubsea a contract to supply subsea equipment for the Roncador field in the Campos Basin.

Interoil terminates exploration contracts with ANH in Colombia

Interoil Exploration and Production has announced the termination of its exploration contracts with the Colombian National Hydrocarbons Agency (ANH) for two key blocks due to persistent community resistance against exploration activities.

Pemex reduces debt to suppliers amid ongoing financial challenges

PEMEX has made strides in managing its financial obligations, successfully reducing its outstanding debt to suppliers and contractors by 5.63%, totalling MXN 126.357bn as of July 2024.

Amigo LNG signs 20-year supply deal with Malaysia’s E&H Energy

Amigo LNG, a subsidiary of LNG Alliance, Singapore, has reached a deal with E&H Energy of Malaysia to supply the firm with 3.6mn tonnes per year of LNG over a 20-year period.

Ecuador to begin closure of Amazon oil block amid environmental protests

Ecuador's Minister of Energy and Mines, Antonio Gonçalves, announced that the process to shut down the first oil block in the Yasuní National Park will commence tomorrow.

Maduro appoints Delcy Rodríguez as oil minister amid controversial re-election

Citigroup and Deutsche Bank back Pemex debt in $1bn SLB swap deal

Pemex struggles witth 2024 production targets, output declines persist, but refining capacity increases

Petróleos Mexicanos (Pemex) saw its liquid hydrocarbon output dip in July, marking a decline of 10,000 barrels per day (bpd) from the previous month and 83,000 bpd from a year earlier, according to the latest company data.

Guyanese vice president promises gas-to-energy project will proceed despite financial setbacks

Guyanese Vice President Dr Bharrat Jagdeo confirmed that the country’s landmark Gas-to-Energy project is progressing steadily, with the government investing a significant $400mn from its own resources to advance the initiative.

TotalEnergies submits environmental assessment for Suriname Block 58

TotalEnergies submitted its environmental and social impact assessment (ESIA) to Suriname’s environmental authority for its offshore Block 58 project.

ExxonMobil resumes Guyanese crude output following Gas-to-Energy project halt

ExxonMobil's consortium in Guyana has fully restored crude output at its two floating production facilities following the completion of a natural gas pipeline tie-in, a company spokesperson confirmed.

Elliott emerges as top bidder for Citgo parent in US court-ordered auction

Elliott Investment Management has reportedly taken pole position in the US court-mandate auction for the parent company of Citgo Petroleum Corp, the refiner which cut ties with its Venezuelan owners in 2019 following the imposition of sanctions.

Lula leverages state oil firm for gas expansion

Brazilian President Luiz Inácio Lula da Silva has approved changes to the country’s natural gas market, aiming to increase supply and lower prices.

Venezuela's Citgo crisis deepens as union leaders decry cross-party mismanagement

Citgo, Venezuela's prized US asset, faces heavy losses and a looming auction sale. Union leaders blame poor management post-Guaidó takeover and call for worker involvement to save the refiner, seen as crucial to the country's economic future.

Guyana unseats Trinidad and Tobago as Caribbean's leading hydrocarbon producer

Guyana has overtaken Trinidad and Tobago as the leading hydrocarbon producer in the Caribbean, producing an average of 50,246 barrels per day of oil and condensate.

TGN completes natural gas transport project to reduce need for imports

Transportadora de Gas del Norte SA has successfully upgraded its Deán Funes and Ferreyra compressor stations, marking significant progress in Argentina's Northern Gas Pipeline reversal project.

Victor Rodriguez Padilla appointed new Pemex chief

President-elect Claudia Sheinbaum has named Victor Rodriguez Padilla as the new director of Petróleos Mexicanos (Pemex).

Argentine government authorises additional natural gas exports, strengthening fiscal surplus

The Argentine Ministry of Energy has authorised additional volumes for natural gas exports, aiming to enhance the country’s export profile, generate foreign currency, and contribute to a fiscal surplus.

Shell awards McDermott major contract for Trinidad and Tobago offshore gas project

Shell has awarded an engineering, procurement, construction and installation (EPCI) contract to McDermott for the Manatee gas field development, located 100 kilometres off the southeast coast of Trinidad and Tobago.

TGS surveys Brazil’s offshore potential

TGS has commenced the PAMA 3D Phase 1 Survey in Brazil's Equatorial Margin, covering 19,343 square kilometres across over 25 potential exploration blocks in the Pará-Maranhão Basin.

CNH greenlights Pemex Chac field plan in Mexico, extends production to 2038

Mexico's National Hydrocarbons Commission (CNH) has approved a significant update to Pemex’s development plan for the Chac Field, a key asset located in the shallow waters off Campeche, Mexico.

Mexico's gasoline prices surge 24% under AMLO’s administration amid shrinking fuel subsidies

Mexican LNG terminal planned to tap Pacific rim markets

A new liquefied natural gas project is taking shape on Mexico's Pacific coast, aiming to capitalise on growing demand for cleaner marine fuels and power generation in the Americas.