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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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.
Argentina's Neuquén basin operators announce $9bn budget for 2024
Companies operating in Argentina's Vaca Muerta shale formation, located in the province of Neuquén, are poised to inject a record-setting $9.05bn into operations this year, as per documents submitted to authorities in March.
Petronas begins construction of Argentinian floating LNG terminal
Malaysia’s state-run energy company Petronas has commenced construction work on a floating LNG unit that will be stationed off the east coast of Argentina.
Platform installed at the Fénix gas field offshore Argentina
Wintershall Dea, TotalEnergies and Pan American Energy have completed the installation of the Fénix gas field production platform around 60 km off the coast of Tierra del Fuego, Argentina at a water depth of 70 metres.
Methane emissions from the energy sector increased in 2023
The International Energy Agency estimates that in 2023, nearly 120mn tonnes of methane emissions stemmed from the production and utilisation of fossil fuels, slightly higher than in 2022.
Tecpetrol claims Argentina on track to inaugurate first LNG project in four years
Argentina's prospects for inaugurating its first liquefied natural gas project in four years hinge on the successful passage of economic and energy reforms proposed by President Javier Milei, according to Tecpetrol's CEO, Ricardo Markous.
Energy firm Enel suspends sale of Argentine subsidiary amid optimism about potential sector deregulation
Italian energy company Enel SpA has decided to halt the sale of its Argentine subsidiary power distributor, Edesur, with a company spokeswoman stating that this results from the President Javier Milei's drive to deregulate the energy sector.
Eco reveals that nine companies are competing to farm in the Orinduik Block offshore Guyana
Eco Oil & Gas CEO Gil Holzman announced that nine companies are competing for the opportunity to farm in the Orinduik Block offshore Guyana.
BP and Venezuela in talks with Trinidad & Tobago for offshore gas field development
BP and Venezuela have confirmed their engagement in discussions with the Trinidad and Tobago government concerning the joint development of an offshore gas field located in the Caribbean region.
GECF strikes bullish tone on gas demand growth
The Gas Exporting Countries’ Forum (GECF) has come out with a bullish prediction that consumption of the fuel will surge by 34% by the middle of the century.
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