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’s national oil company Petrobras has awarded a four-year contract to Luxembourg’s Tenaris for the provision of products and services that will be used for the Búzios deepwater project.
Research by Rystad Energy indicates that Guyana’s oil revenues are likely to exceed the $1bn mark this year and could surge to $7.5bn per year by 2030.
AIM-listed Echo Energy and Argentina's Roch have signed a long-term contract for the provision of gas-fired generators that will be used at their fields in the Austral basin.
US-based ExxonMobil said on July 26 that it had made two finds at the Stabroek block offshore Guyana, bringing the total number of discoveries made at the licence area this year up to seven.
US-based Sempra Infrastructure has signed a package of new agreements with the Federal Energy Commission (CFE), Mexico’s national power provider, to advance co-operation on several major natural gas projects.
Guyana is on track to become the only hydrocarbon-producing country in the region to have a capping stack available within, according to Minister of Natural Resources Vickram Bharrat.
Brazil’s President Jair Bolsonaro and Minister of Mines and Energy Adolfo Sachsida have sought to assuage concerns about high diesel costs, saying that the government is working to increase supplies.
EIG Energy Partners (US) and Fluxys (Belgium) have completed the acquisition of an 80% stake in GNL Quintero, a Chilean LNG import terminal.
CDGN, a subsidiary of Brazil’s MDC Group, has become the third privately owned Brazilian firm to buy natural gas directly from Bolivia, without Petrobras acting as an agent or intermediary.
Canada’s CGX Energy and its parent company Frontera Energy have struck an agreement with each other on financing arrangements for Wei-1, their next exploration well at the Corentyne block offshore Guyana.
DeNovo Energy Ltd of Trinidad and Tobago has begun extracting natural gas from a renewable energy-powered platform, the first of its kind, off the western coast of the island of Trinidad.
Waterborne asphalt deliveries to Latin American buyers slipped by 13% to 320,400 tonnes in the first half of 2022, a significant drop from the figure of 367,800 tonnes reported during the same period of last year.
Equinor (Norway) resumed production at the Peregrino field offshore Brazil on July 16 after a hiatus of more than two years.
Annand Jagesar, the managing director of Suriname’s national oil company Staatsolie, favours the idea of co-operation with Guyana on the development of hydrocarbons, particularly gas.
The volume of refined petroleum products delivered to South American and Caribbean markets has been climbing this month in response to seasonal fluctuations in demand.
Washington and Ottawa have requested that Mexico City review key provisions of its energy policy under USMCA.
SBM Offshore of the Netherlands has secured 100% of the $1.75bn in financing needed for the construction of the FPSO vessel that will be installed at the Yellowtail oilfield offshore Guyana.
Australia’s Melbana Energy revealed earlier this week that it had decided to drill a sidetrack at the site of the Zapato-1 exploration well at Block 9, its contract area onshore Cuba.
Brazil’s independent oil and gas producers are gaining attention from hedge funds and other investors eager to cash in on rising production but nervous about the national oil company Petrobras.
The volume of refined petroleum products delivered to Brazil and Argentina has been climbing this month, as South American fuel traders seek to cover seasonal increases in demand.
3t EnerMech has struck a deal with the Engineering Construction Industry Training Board (ECITB) of the UK on providing specialised training services for oil and gas workers in Angola and Guyana.
As a Brazilian legislator talks to stakeholders about bringing more gas to shore and reducing re-injection, he should take a closer look at Petrobras’ development strategy and CCUS solutions.
Glenn Corrie, VP of offshore operations at Suriname’s national oil company Staatsolie, has urged investors to look closely at shallow-water acreage that will be offered in an upcoming licensing round.
Venezuela saw exports of crude oil and refined fuels rise by 61% last month as it resumed shipments of crude to Europe for the first time in two years.
Citgo Petroleum, a US-based downstream affiliate of Venezuela’s national oil company PdVSA, indicated last week that it was willing to resume imports of Venezuelan crude if the US government authorised it to do so.