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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TechnipFMC completes work on Guyana's landmark gas-to-energy project
UK energy technology company TechnipFMC announced that it has successfully completed its role in Guyana’s landmark gas-to-energy.
Gato Negro seeks 20-Year US permit for LNG export via Mexico
Gato Negro, a Mexican energy developer, has applied for a 20-year permit from the US Department of Energy to export natural gas to Mexico and re-export it as liquefied natural gas (LNG) to global markets.
New hydrocarbon basin discovered in Bolivia
Bolivia has made a significant discovery of a new hydrocarbon basin at the Mayaya Centro-X1 (MYC-X1) well in Caranavi province, situated in the La Paz department.
Argentine consultancy director identifies key workforce challenge facing Vaca Muerta
In an interview with Vaca Muerta News Radio, Natalia Maciel, Founder and Director of the Macval consultancy, shared her insights on the workforce challenges facing the Vaca Muerta region.
US greenlights Mexico’s Altamira LNG as first non-FTA permit since pause
Mexico’s Altamira LNG export facility has become the first terminal to be granted approval by the US Department of Energy to ship abroad LNG cargoes to countries that do not hold a Free Trade Agreement with the US since President Biden's pause.
Mexico Pacific secures 20-year LNG supply deal with South Korea’s POSCO
Mexico Pacific has sealed a 20-year supply deal with South Korean industrial giant POSCO to sell the company 0.7mn tonnes per year of LNG.
Venezuelan minister of oil announces new interbank currency market and oil sector revamp
Venezuelan Executive Vice President Delcy Rodríguez announced the launch of a new interbank currency market designed to enhance connectivity between financial institutions, marking a significant step in the country’s economic reforms
Sinochem mulling leaving US shale JV with ExxonMobil, says report
China’s state-backed Sinochem is considering divesting its 40% stake in a shale joint venture in the US with ExxonMobil.
YPF considers sale of lithium unit to focus on Vaca Muerta shale
Argentine national oil company YPF is contemplating the sale of its lithium unit, YPF Litio, forming part of the company’s divestment strategy aimed at refocusing investments on the Vaca Muerta shale formation.
Guyanese oil exports to rake in $18.6bn revenue in 2024, government forecast finds
Guyana's government has revised its 2024 oil export forecast upwards, now anticipating a total value of revenue of $18.67bn for the year.
Trinidad and Tobago gas output slumps to 22-year low
In June 2024, Trinidad and Tobago's natural gas production fell below 56.6 mn cubic metres for the first time in 22 years, government data revealed.
Pemex boosts ESG spending amid debt challenges
Mexican state-owned oil company Petróleos Mexicanos (Pemex) is ramping up its environmental, social, and governance initiatives despite ongoing financial pressures.
PDVSA ad-hoc board defends Citgo’s performance amid financial mismanagement claims
The ad-hoc board of Petróleos de Venezuela S.A. (Pdvsa), led by Horacio Medina, has dismissed allegations of "financial mismanagement" concerning Citgo.
Venezuela oil spill crisis deepens as Maduro faces OAS rebuke over inaction
Luis Almagro, Secretary General of the Organization of American States (OAS) Secretary General has called out the Venezuelan government's apparent indifference to a significant environmental disaster unfolding along its coastline.
Mexico’s nearshoring boom hinges on energy sustainability
As nearshoring continues to bolster Mexico's status as a prime location for foreign investment, experts emphasise that the country must ensure a reliable and sustainable energy supply to sustain this momentum.
Mexican Amigo LNG secures key LNG supply deal with Oman’s OQ trading
Amigo LNG SA de CV, a Mexican subsidiary of Singapore’s LNG Alliance Pte Ltd, has finalised a binding Heads of Agreement (HOA) with OQ Trading (OQT), the trading division of Oman’s national energy company.
Brazil's Lula sparks investment concerns with natural gas policy
President Luiz Inacio Lula da Silva's recent push for increased and cheaper natural gas supplies in Brazil has ignited concerns about potential government intervention in the energy sector.
Petrobras’ platform vessel Sepetiba achieves peak pre-salt output
The floating production storage and offloading (FPSO) platform vessel Sepetiba, under charter to Brazil’s national oil company (NOC) Petrobras, has reached its maximum production capacity of 180mn oil barrels per day (bpd) in the Mero field.
Brazil grapples with 13bn litres of irregular fuel trade annually
Leading fuel distributor Vibra Energia, in collaboration with McKinsey consultancy, estimates that approximately 13bn litres of fuel are sold irregularly in Brazil each year.
Petrobras commits to reducing gas reinjection where feasible
Brazil’s national oil company (NOC) Petrobras has pledged to reduce natural gas reinjection into oil wells where possible, according to CEO Magda Chambriard.
Petrobras adopts Dry-Flo technology for deluge system testing
Brazil’s national oil company (NOC) Petrobras has entered into an agreement to implement Dry-Flo technology for dry testing of deluge systems on its Floating Production Storage and Offloading (FPSO) units in the Búzios field.
Helix secures $786mn for Brazilian offshore well intervention
Helix Energy Solutions has been awarded substantial long-term contracts worth $786mn for offshore operations in Brazil.
Petrobras finalises 26 concession contracts in Pelotas Basin
Petrobras has signed 26 Concession Contracts from the 4th Permanent Concession Offer Cycle, acquired in partnership with Shell, according to the Brazilian national oil company (NOC).
Petrobras exploring acquisition of Argentine shale gas assets
Brazilian national oil company Petrobras is exploring the acquisition of shale gas assets in Argentina to support industrial growth.
Guyana to conduct audit of Stabroek Block oil reserves
Vice President Dr. Bharrat Jagdeo announced in a recent press conference that the Guyanese government will initiate an audit of the Stabroek Block's oil reserves, utilising the expertise of an independent consultant.

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