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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Guyanese VP defends gas-to-energy project, EXIM Bank to review loan application
Guyanese Vice President Dr Bharrat Jagdeo defended the landmark gas-to-energy project as the most feasible venture he has encountered.
Surinamese subsea tree demand to rely on TotalEnergies' offshore developments
Westwood Global Energy Group reported that TotalEnergies’ Block 58 development offshore Suriname is poised to significantly influence subsea tree demand for the remainder of 2024.
Guyanese vice president defends Gas-to-Energy project viability amid mounting criticism
Guyanese Vice President Dr Bharrat Jagdeo defended the landmark gas-to-energy project as the most feasible venture he has encountered.
Venezuela's largest refinery grinds to halt after power failure
Procurement costs rise as Guyanese oil development intensifies
According to Guyana’s 2024 mid-year report, procurement spending in the oil and gas sector totalled $314mn, reflecting significant growth in engineering and machining services, accommodation, equipment rental, and catering.
Venezuelan opposition urges revocation of US oil sector licences
Venezuela's primary opposition coalition has urged the United States to rescind licences permitting energy firms, including Chevron, to operate within the country. This move aims to exert pressure on President Maduro after the disputed election.
Argentina set for oil and gas industry explosion in early 2030s
Argentina's oil and gas sector is poised for significant growth, with the potential to triple its output by the early 2030s, according to industry leaders speaking at the 4th Shale in Argentina conference in Houston, Texas.
Petroperu faces financial uncertainty despite government aid and Fitch’s concerns
Petroperu, the state-owned oil company, continues to struggle financially despite receiving substantial government support.
Neuquén seeks maintenance for Vaca Muerta national roads
The Minister of Infrastructure of Neuquén, Rubén Etcheverry, proposed an agreement to the National Directorate of Roads to transfer maintenance responsibilities for 397km of national routes 22, 40, 237, 242, and 231 to the province.
France’s Vallourec expands pipe coatings division with acquisition in Brazil
French tubular solutions provider Vallourec has struck a deal to acquire Thermotite do Brasil, a Matt subsidiary specialising in thermal insulation pipe coating services for offshore oil and gas operations.
CFE and Pemex eye green hydrogen partnership for refinery project
Mexico's Federal Electricity Commission (CFE) is exploring a potential partnership with Pemex to develop a green hydrogen project at one of the oil giant’s refineries.
Colombian judge orders Petrobras and Ecopetrol to cease offshore gas well
Petrobras and Ecopetrol have been ordered by a Colombian court to halt drilling operations on the Uchuva-2 offshore gas well, located near Taganga in the Caribbean, following a legal challenge from a local Indigenous community.
Suriname hydrocarbon development advances through Staatsolie, PetroChina deal
Staatsolie announced that nearly 46% of Suriname’s offshore area is now under contract, following the signing of production-sharing contracts for Blocks 14 and 15 with PetroChina Investment Suriname B.V.
MidOcean energy acquires greater stake in Peru LNG
MidOcean Energy, a liquefied natural gas company managed by EIG, has announced its acquisition of an additional 15% interest in Peru LNG (PLNG) from Hunt Oil Company.
OSRL to expand oil spill response capabilities in Guyana
Oil Spill Response Limited is ramping up its initiatives to bolster oil spill response capabilities in Guyana, targeting the region's rapidly growing oil and gas sector.
Venezuela's VP Rodríguez meets Repsol executive amid strained Spain relations
Venezuelan Vice President and Oil Minister Delcy Rodríguez held talks with Repsol's Venezuela business unit director Luis Antonio García Sánchez in Caracas on September 13, discussing "strategic alliances" and "energy cooperation."
St Vincent PM suggests Maduro's Venezuela presidency benefits Guyana's oil sector
Ralph Gonsalves, Prime Minister of St Vincent and the Grenadines, has suggested that Nicolas Maduro's presidency in Venezuela is advantageous for Guyana's burgeoning oil industry.
Brazil's Inpasa hits Bahia with new plant
Inpasa, Brazil's largest corn ethanol producer, announced a BR1.2bn ($217mn) investment to build a new ethanol plant in Luís Eduardo Magalhães, Bahia.
Venezuelan Vice President lauds OPEC on 64th anniversary
Venezuela's Vice President Delcy Rodríguez has expressed gratitude to OPEC Secretary General Haitham Al Ghais for his warm greetings to the Venezuelan people, President Nicolás Maduro, and the country's oil sector workers.
MidOcean Energy increases stake in Peru LNG
MidOcean Energy, an LNG company formed by US private equity fund EIG, has raised its stake in Peru LNG.
SBM Offshore to deliver two large vessels to Petrobras
Dutch firm SBM Offshore is set to dispatch two large oil vessels to Brazil, while the country’s national oil company Petrobras is planning tenders for similar units to boost its crude oil output.
Halliburton submits bid for data management services in Guyanese oil and gas sector
Halliburton submitted a $1.88mn bid to Guyana’s National Procurement and Tender Administration Board, pursuing a contract for data management services for the country’s oil and gas exploration and production operations.
Former Norwegian minister condemns calls for Guyana to cease oil production
Former Norwegian Environment Minister Erik Solheim has condemned calls from individuals in veteran oil-producing countries including the United States and Norway for Guyana to cease its oil production.
United States Export-Import Bank to review Guyana's Gas-to-Energy loan request
The United States Export-Import Bank (EXIM) will review Guyana's $646mn loan request for its Gas-to-Energy project in October, Vice President Bharrat Jagdeo confirmed.
Staatsolie signs production sharing contracts with PetroChina for two blocks offshore Suriname
Staatsolie announced that nearly 46% of Suriname’s offshore area is now under contract following its signing of production-sharing contracts for Blocks 14 and 15 with PetroChina Investment Suriname B.V.
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