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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Australia’s Karoon seeks partner for $1.2bn Brazilian offshore oil development
Australian energy firm Karoon Energy is initiating a search for a joint venture participant before committing to its Neon oil discovery in Brazil's Santos Basin, as the project advances to engineering design phase
Brazil’s Petrobras board backs deal with Unigel over fertiliser plants
Brazil’s national oil company (NOC) Petrobras' board of directors has approved an agreement with Unigel that would allow for a new bidding process for the operation of two fertiliser factories in Bahia and Sergipe
Brazil’s Petrobras begins decommissioning in Sergipe with jack-up rig arrivals
The PA-38 jack-up platform contracted by Petrobras arrived in the Sergipe Basin earlier in April to begin well decommissioning activities at the Guaricema field, located in shallow waters about 9km offshore
Russian firms eye joint ventures with Mexico's Pemex for oil projects
Russian companies are open to develop joint ventures with Pemex to pursue heavy crude oil extraction projects, Russia's Trade Representative in Mexico Aleksandr Abrámov said, Mexico Business News reported.
Karoon Energy targets 2029 oil from Brazil’s Neon field
British TSC wins Brazil deepwater inspection deal
French Vallourec lands Brazil’s Petrobras pipeline deal
Vallourec, a French multinational manufacturer specialising in premium tubular solutions, has signed a contract with Allseas to supply nearly 18,000 tonnes of seamless carbon steel line pipes for Petrobras’ Búzios 10 offshore project in Brazil.
Vista Energy acquires Petronas stake in Argentine oil field
Buenos Aires-based Vista Energy has acquired Petronas' 50% stake in the La Amarga Chica oil field in Argentina's Vaca Muerta shale basin for approximately $1.5bn.
ExxonMobil Guyana awards FPSO contract to MODEC
ExxonMobil Guyana has awarded MODEC a contract to develop an FPSO vessel for its Hammerhead project, representing the service provider's second FPSO for Guyana's offshore operations.
US looks to prevent Venezuela sanctions from impacting Trinidad and Tobago energy sector
Trinidad and Tobago and the US have agreed to collaborate on finding solutions that would prevent Washington's sanctions on Venezuela's energy sector from negatively impacting the Caribbean nation's natural gas production and energy security.
Noble Corporation awards Atlas Professionals Surinamese crew management contract
Atlas Professionals announced that it has been awarded a Crew Management contract by Noble Corporation for an offshore drilling campaign in Suriname.
Chevron faces oil shipment setbacks amid US sanctions on Venezuela
A Chevron-chartered vessel began unloading nearly 500,000 barrels of oil this past weekend at Venezuela's Jose port, following an order from state-owned PDVSA to return the cargo due to uncertainties around payments linked to US sanctions.
Venezuela and China reaffirm strategic ties as Guyana pushes back on Essequibo interference
The Maduro regime’s escalating territorial claims over the Essequibo region have drawn criticism from Guyana, which has condemned Beijing’s recent overtures towards informal negotiations between the two South American countries
PDVSA reaffirms commitment to Venezuela's economic independence amid US sanctions
Petróleos de Venezuela (PDVSA) has reiterated its commitment to bolstering Venezuela's economic independence, standing firm against what it described as "hegemonic actions and imperial aggressions" from external forces
Venezuela condemns arrival of oil vessel in disputed waters, escalating tensions with Guyana
Venezuela has issued a sharp rebuke over the arrival of the One Guyana floating oil platform in contested maritime territory, reigniting tensions with neighbouring Guyana
Brazil’s Petrobras cuts diesel prices again
Brazil's MGas taps Argentina gas
MGas, a natural gas trader in Brazil’s free market controlled by J&F Investimentos, has initiated imports of Argentine gas via the Bolivia-Brazil pipeline, the company said.
Mexico suspends Valero fuel import permits
Mexican tax authority SAT suspended US refiner Valero's fuel import permits on April 9, the company said, Argus Media reported on April 11.
Mexico halts US fuel imports by truck in illegal sales crackdown
Mexico temporarily suspended fuel imports from the United States by truck as it steps up permit inspections to combat illegal fuel trades.
Mexico's Pemex road fuel inventories fell 17% in March compared with a year earlier
Pemex's road fuel inventories declined 17% year-on-year in March, driven by lower regular and premium petrol stocks.
Brazil’s first FPSO dismantling faces year-long delay amid dispute
The first-ever dismantling of an oil production vessel in Brazil is running at least a year behind schedule due to a dispute between national oil company Petrobras and steelmaker Gerdau over handling petroleum residues.
South America’s crude exporters hit by oil price drop
Latin American oil exporters are facing fiscal strain as geopolitics pushes down prices.
Venezuela cancels Chevron crude shipments amid sanctions turmoil
Chevron has returned several crude shipments to Venezuela’s state-run oil company PDVSA, citing the company’s inability to process payments due to the latest round of restrictions.
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