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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ExxonMobil Guyana seeks seafloor seismic services for Stabroek Block exploration
ExxonMobil is actively seeking seafloor seismic services to bolster its exploration efforts at the Stabroek Block offshore Guyana, submitting a public request for information.
Pipelaying for Guyana's gas-to-energy project finished ahead of schedule
Subsea7 announced the early completion of the offshore pipelay for Guyana's Gas-to-Energy project, finishing 10 days ahead of schedule.
LatAmOil: US oil policy on Venezuela to remain steady despite disputed election, official says
US oil policy on Venezuela to remain steady despite disputed election, official says
The Biden administration will not change its current oil sanctions policy on Venezuela, despite growing controversy surrounding the recent presidential election, a US official told reporters.
Guyana daily oil output to soar with ExxonMobil's Uaru and Whiptail projects
ExxonMobil's Uaru and Whiptail projects in the Stabroek Block offshore Guyana are set to achieve initial production ranges of 220,000 to 275,000 barrels per day, the US oil major confirmed.
Vaca Muerta production boom leads to Argentinian $2.76bn energy surplus
Argentina recorded an energy trade surplus of $2.758bn in the first half of the year, thanks to a surge in Vaca Muerta production and exports and a substantial reduction in imports.
Petrobras targets $100mn in annual savings through rig automation
Brazil’s national oil company Petrobras has unveiled plans to partially automate its drilling rig fleet by 2030, expecting to save up to $100mn annually as the company aims to reduce offshore well drilling time.
Possible refinery worker strike in Argentina, Brazil’s striking environmental workers propose deal
The Argentine Federation of Oil, Gas, and Biofuels Trade Unions has announced the potential for a nationwide strike in response to the reinstatement of income tax by the government.
Brazil’s crude players Enauta and 3R Petroleum complete merger
Brazilian oil and gas firms Enauta and 3R Petroleum have fulfilled all conditions for their merger, set to finalise on 31 July.
Borr Drilling secures $330mn-plus three jack-up rig contracts in three continents
Offshore drilling firm Borr Drilling has obtained contracts for three of its premium jack-up drilling rigs, set to operate in Brazil, Malaysia, and Gabon,
TotalEnergies awards Strohm major pipe supply deal for Brazil Operations
Strohm has secured a contract from TotalEnergies to supply thermoplastic composite pipeline (TCP) flowlines for an offshore field in the Santos Basin,
Pemex reports significant loss in 2Q24, announces investments
PEMEX announced a net loss of MXN 255.9bn for the second quarter of 2024, a sharp contrast to the net profit of MXN 25.4bn reported in the same period last year.
Bolivia anticipates diesel deliveries amid ongoing supply challenges
Amid a significant fuel shortage, Bolivia's state oil company YPFB has announced plans to import at least 50,000 cubic metres of diesel from Brazil and Paraguay within August first week.
Brazil’s Enauta restarts output from Atlanta field after planned maintenance
Brazilian crude oil firm Enauta has resumed production from its floating production, storage and offloading (FPSO) vessel at its Atlanta field off Brazil after planned maintenance,
Guyana's daily oil output set to hit new heights with ExxonMobil's Uaru and Whiptail projects
ExxonMobil's Uaru and Whiptail projects in the Stabroek Block offshore Guyana are set to achieve initial production ranges of 220,000 to 275,000 barrels per day, the US oil major confirmed.
Guyanese government's approval of seventh oil project not guaranteed
Guyana’s Vice President Dr Bharrat Jagdeo said that the government has not guaranteed approval for ExxonMobil's proposed seventh oil project, Hammerhead.
Mexico's Koban Field investment boost of $268mn announced
Pemex Exploration and Production (PEP) has announced a significant increase in its investment at the Koban Field, raising the total commitment by $268.28mn.
Argentine oil consortium formed to develop Neuquén fields that YPF plans to divest
An oil consortium has been established to develop mature fields in Neuquén that YPF plans to divest.
Sener and Cenagas approve MXN3bn gas pipeline project
A significant investment of nearly MXN3bn ($168mn) has been approved by Sener and Cenagas for the construction of the Libramiento Reynosa gas pipeline in Tamaulipas.
Afreximbank funding to bolster Guyanese oil industry
Afreximbank is poised to offer tailored financing solutions to bolster Guyanese enterprises as the nation's oil industry rapidly expands.
Venezuela fuel shortages emerge as PDVSA suspends work amid election protests
Gasoline shortages are being reported in Caracas and other major Venezuelan cities as protests over the contested July 28 presidential election disrupt fuel distribution, sources said. Meanwhile, state-run PDVSA shut its offices until August 1.
Pemex allocates $201mn for the development of Platao Field
PEMEX is embarking on an ambitious project to develop the Platao field with an investment estimated at $201.03mn.
Sheinbaum's plan for PEMEX and CFE: Transition to public enterprises
Claudia Sheinbaum has announced plans to incorporate PEMEX and CFE into a new government ministry, continuing the energy reform efforts of López Obrador and MORENA.
OPEC congratulates Venezuela’s Maduro on re-election
The Organisation of the Petroleum Exporting Countries (OPEC) has extended its congratulations to Venezuelan President Nicolás Maduro following his disputed reelection, according to official communications released on July 30.
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