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 breaks new oil record
Brazil recorded its highest oil and natural gas output in May, according to the national regulatory agency’s (ANP) latest monthly report.
Mexican president to present comprehensive Pemex restructuring strategy within three weeks
Mexican President Claudia Sheinbaum announced her administration will deliver a detailed transformation plan for state owned oil company Pemex in approximately three weeks, outlining strategies to strengthen Mexico's national oil company
Mexico seizes 880,000 litres stolen fuel in latest anti-huachicol operation
Mexican authorities confiscated more than 880,000 litres of stolen hydrocarbons stored across two properties in Cunduacán municipality, Tabasco, as part of ongoing efforts against fuel theft known locally as huachicol, El País reported.
Argentina limits industrial use of natural gas as cool weather hits
Argentina has imposed restrictions on industrial natural gas supply as record-breaking cold weather drives unprecedented residential heating demand, the nation's energy secretariat announced.
Mexico City fuel entrepreneur targets half-million monthly transactions with station network
A Mexican entrepreneur has launched Urbanus Energy's first service station in Ciudad Nezahualcóyotl, commencing an ambitious 12-location expansion throughout Mexico City's metropolitan corridors
Valero's Mexico Tamaulipas fuel terminal enters final testing phase before commercial launch
Three Valero vessels carrying refined petroleum products will dock at Mexico's Altamira port to validate operational systems at the company's new $180mn distribution facility, with Operadora de Terminales Marítimas overseeing pre-startup procedures
Noble Finance Company seeks scaffolding provider in Guyana
Noble Finance Company has issued a Request for Information (RFI) in search of a supplier of scaffolding for its operations in Guyana.
Gold Reserve-led group to secure Venezuela's Citgo parent in Delaware court auction
A consortium led by Gold Reserve Ltd. is set to be recommended as the top bidder for the parent company of Citgo Petroleum Corp., marking a key milestone in Venezuela’s prolonged creditor dispute.
Colombia's Ecopetrol secures commercial viability for Meta province oil discovery
Colombia's state-controlled oil giant Ecopetrol SA has declared commercial viability for its Lorito field discovery in Meta province, marking the company's most significant hydrocarbon find in ten years.
Argentina to appeal against US court order to surrender its controlling stake in YPF
A US court has ordered Argentina to surrender its 51% controlling stake in national oil company YPF as partial compensation for its controversial 2012 nationalisation of the energy giant.
Pemex crude exports tumble in May, Mexico sees trade surplus
Mexico’s state-run oil firm Pemex saw a significant fall in crude oil exports last month, with figures showing a steep drop compared with the same period a year earlier.
Venezuelan oil exports rise as PDVSA redirects crude to Asia
Venezuela ramped up oil exports in June to an average of 844,000 barrels per day, marking an 8% month-on-month increase as state-owned PDVSA intensified shipments to China in response to the loss of access to US and European markets
Guyana's oil production spikes in May, highlights US as energy partner
Guyana's oil production surged to 667,000 barrels per day in May, marking a significant increase from 611,000 bpd earlier this year, according to a government bulletin.
TotalEnergies expands in Suriname, seeks to sell off Argentine shale assets
France's TotalEnergies has expanded its presence in Suriname's offshore oil sector through the acquisition of a 25% stake in Block 53, while it is seeking to sell oil assets in Argentina's Vaca Muerta shale play.
Mexico dismantles major fuel theft network with 43 arrests, recovers 2mn litres
Mexican authorities dismantled a significant fuel theft network in coordinated raids across Coahuila, Querétaro, Mexico City, and the State of Mexico, resulting in 43 arrests and recovery of nearly 2mn litres of illicit fuel
Mexico human rights body cites Pemex negligence in deadly 2019 Tlahuelilpan pipeline fire
Mexico's National Human Rights Commission has attributed responsibility to state oil company Pemex for the January 18, 2019 pipeline fire in Tlahuelilpan, Hidalgo, that killed 138 people and injured 13, citing structural negligence
Mexico to host world's largest ultra-low carbon methanol plant with $3.33bn investment
Mexico will become the global epicentre for ultra-low carbon methanol production with construction of Pacífico Mexinol, the country's first facility of this type, according to Transition Industries Chief Executive Rommel Gallo
Brazil’s Petrobras lifts jet fuel price
Petrobras has raised the average price of aviation fuel supplied from its refineries by 2.9% from July 1, reflecting recent shifts in global oil prices.
TotalEnergies seeks to sell off Argentine Vaca Muerta oil assets
France's TotalEnergies is in advanced discussions with at least two potential buyers for its Argentine shale oil assets, capitalising on improved valuations under President Javier Milei's economic reforms.
Venezuela’s PDVSA opposition board welcomes US support as Citgo legal shield holds
Venezuela’s ad hoc board overseeing PDVSA expressed gratitude to US lawmakers, including Florida Republican María Elvira Salazar, for backing efforts to protect Citgo Petroleum from creditor claims
Venezuela steps up Paraguaná refinery oversight amid worker detentions
Venezuela’s Vice President and Hydrocarbons Minister Delcy Rodríguez conducted an on-site inspection at the Paraguaná Refining Complex in Falcón state, as the government seeks to assure domestic fuel supply stability
Gold Reserve-led group poised to secure Venezuela's Citgo parent in Delaware court auction
A consortium led by Gold Reserve Ltd. is set to be recommended as the top bidder for the parent company of Citgo Petroleum Corp., marking a key milestone in Venezuela’s prolonged creditor dispute
Citgo auction heats up as global bidders chase Venezuela’s flagship asset
The Delaware-based federal court overseeing the sale has drawn renewed interest from international investors, marking a critical moment in Venezuela’s years-long debt disputes
Brazil raises biofuel blends, Petrobras backs the move
Brazil will raise ethanol and biodiesel blending rates in fossil fuels from August 1, the mines and energy ministry said.
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