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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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Former US officials, senators call on Biden to re-impose Venezuela sanctions

11 April 2024

Former US officials are urging the administration of US President Joe Biden to reimpose oil and gas sanctions on Venezuela should the current regime fail to uphold its democratic commitments.

BP looks set to sell three ageing Trinidad fields to Perenco

11 April 2024

Supermajor BP is closing in on a deal to sell some of its Trinidad and Tobago oil and gas assets to Perenco, three people familiar with the talks have said.

Two contractors in Guyana's gas-to-energy project file for arbitration over $90mn cost overruns

10 April 2024

Two contractors involved in the construction of the Guyanese Government's gas-to-energy project filed for arbitration over cost overruns amounting to $90mn.

Guyana puts UN, OAS on notice amid renewed border tensions with Venezuela

10 April 2024

Guyana's government has condemned Venezuelan President Nicolas Maduro's signing of the "Organic Law for the Defence of Guayana Esequiba", denouncing it as an attempt to annex over two-thirds of Guyana's sovereign territory.

Production in Argentina's Vaca Muerta rises 2.1% in February

10 April 2024

Oil production in Vaca Muerta surged by 2.1% in February, reaching 353,044 barrels per day and comprising 37% of Argentina's total output, a report by Regional Investment Consulting stated.

Venezuelan oil exports to US surge 280% in January

10 April 2024

Recent data from the US Energy Information Administration reveals a remarkable 280% surge in Venezuelan oil exports to the United States in January 2024, totalling 152,000 bpd, compared to the same period a year earlier (40,000 bpd).

Former US officials call on Biden administration to reinstate Venezuela sanctions over democratic concerns

10 April 2024

Former US officials, including diplomats and politics experts, are urging the Biden administration to reimpose sanctions on Venezuelan oil exports should the current regime fail to uphold its democratic commitments ahead of an impending deadline.

ExxonMobil to halt Guyana offshore oil production in Q3 due to gas-to-energy project

10 April 2024

ExxonMobil, Guyana's Stabroek Block operator, plans to halt oil production in the third quarter of 2024 to advance construction of the gas pipeline network for the gas-to-energy project.

SBM Offshore subsidiary seeks air diving services for Guyana FPSOs

10 April 2024

SBM Offshore's subsidiary, Guyana Deepwater Operations Incorporated, is searching for partnerships to provide air diving services for its fleet of floating production storage and offloading vessels in the Stabroek Block.

US Senator Rick Scott urges Biden to reinstate Venezuela sanctions

10 April 2024

US Republican Senator Rick Scott has called for immediate action from President Joe Biden to reimpose sanctions on Venezuelan oil exports, accusing the US administration of being misled by Maduro and his associates.

Guyana Natural Resource Fund earns $604mn in Q1 from oil activities

10 April 2024

Funds totalling GYD126bn ($604mn) were deposited into Guyana’s Natural Resource Fund over the course of the first quarter of 2024.

Crude oil prices remain in motion amid Middle East uncertainty

10 April 2024

Fresh talks between Israel and Hamas at the start of the week prompted Brent and WTI prices to slip from higher prices during the previous week, but a lack of progress in the talks by mid-week and a pending new attack by Israel prompted concern.

Venezuela backs OPEC+ decision to maintain oil supply amid market evaluation

10 April 2024

Venezuela's Oil Minister and PDVSA chief, Pedro Tellechea, voiced support on April 3 for the OPEC+ Alliance's decision to maintain current oil supply levels, including voluntary production cuts, as reported by the Venezuelan government.

Petro-Victory Energy successfully completes oil rig transition at Brazil’s Tutoia formation

10 April 2024

Petro-Victory Energy’s SPT-129 workover rig transitioned from the SJ-01 well to the SJ-06 in the Totoia formation located in the São João field in Brazil, initiating a workover program aimed at expanding the well's capabilities.

Angola and Brazil forge deeper ties in oil and gas collaboration

10 April 2024

Angola and Brazil are poised to strengthen their collaboration within the oil and gas sectors, driven by their sustained growth trajectories and a shared vision for mutual development.

Clash between Petrobras CEO and Brazil’s minister of energy reaches critical point

10 April 2024

The ongoing feud between Brazil’s Minister of Mines and Energy and the CEO at the country’s national oil company Petrobras has reached a critical juncture, exposing deep-seated tensions within Brazil's energy sector.

ExxonMobil output threatened as Guyana-Venezuela tensions return

9 April 2024

Tensions between Venezuela and Guyana over a long-standing border dispute are resurfacing, thereby threatening ExxonMobil’s oil output.

Peru LNG increases shipments in March, eyes further growth

9 April 2024

Peru LNG's liquefaction facility in Pampa Melchorita completed the shipment of five liquefied natural gas cargoes in March, marking a one-cargo increase compared to the previous month, according to data provided by Perupetro.

Shell seeks long-term US licence for Venezuela's Dragon Gas project

9 April 2024

Shell is pursuing a long-term licence from the US before committing to the $1bn Dragon natural gas project in Venezuela near the maritime border with Trinidad and Tobago.

Fire at Pemex’s Akal-B Oil platform leaves one dead, two seriously injured

9 April 2024

A fire that broke out at an offshore platform operated by Mexico's national oil company Pemex has resulted in at least one contractor killed and two others in grave condition.

Guyana Natural Resource Fund earns $604mn in first quarter

8 April 2024

Funds totalling GYD$126bn ($604mn) were deposited into Guyana's Natural Resource Fund over the course of the first quarter of 2024, as reported by the government.

Noble Voyager to drill new exploration well offshore Suriname

8 April 2024

Petronas Suriname E&P, a subsidiary of Malaysia’s state-owned energy giant Petronas, has extended its contract with Noble Corporation's Noble Voyager drillship for one additional well offshore Suriname.

Petrobras booming offshore crude output to support manufacturing of PSVs

8 April 2024

Brazilian vessel owners and shipyards will be encouraged to build fleets of platform supply vessels (PSVs) and other support ships to cover rising demand from the nation’s booming offshore sector.

Edited by

Newsbase staff


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