LatAmOil - Latin America Oil & Gas

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Oil & Gas

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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Guyana's Natural Resource Fund hits $1.6bn in 2023, sparking government budget review

24 January 2024

Guyana's Natural Resource Fund (NRF) has earned a combined $1.6bn in royalties and profit oil revenues for 2023, Finance Minister Ashni Singh confirmed. This comes as the government seeks to fit the bill for its 2024 budget.

Trinidad and Tobago opens talks with Europe on supply of LNG

23 January 2024

Trinidad and Tobago is in the midst of negotiations with countries in Europe on supplying them with LNG produced from Venezuelan gas.

Guyana to consult with international advisors on 2024 oil blocks auction

23 January 2024

The government of Guyana is set to consult with international advisors over the possibility of holding an oil blocks auction in 2024, Vice President Bharrat Jagdeo confirmed during a press conference.

Switzerland's ABB wins bid to build electrical system for Guyana's FPSO oil-producing vessel

23 January 2024

Swiss automation technology provider ABB Energy Industries has won a bid to manufacture the complete electrical system for the Errea Wittu FPSO vessel, which is set to operate in ExxonMobil’s Uaru field.

Brazil’s Petrobras aims to complete RNEST refinery expansion in early 2025

22 January 2024

Brazilian state-owned energy major Petrobras has announced its plans to resume expansion works on Train One of the Abreu e Lima (RNEST) refinery in the first quarter of 2025.

Sao Paulo state gas market regulations fail to address key issues

22 January 2024

The highly awaited revision of Sao Paulo state's wholesale natural gas market regulations, unveiled in the final hours of 2023, has left many industry participants dissatisfied as it fails to address critical concerns.

Pemex submits sustainability plan aimed at soothing green investors’ concerns

22 January 2024

Mexican state-owned energy major Pemex has presented a sustainability plan which aims to address environmental, social, and corporate governance (ESG) concerns that have haunted the company.

Brazil’s Maha Energy acquires 5% of oil, gas producer 3R Petroleum

22 January 2024

Maha Energy has acquired 5% of oil and gas producer 3R Petroleum via a secured derivative instrument that gives the purchaser exposure to 11,999,248 3R Petroleum shares, with a total investment of approximately $69mn.

Guyana on track to becoming largest non-OPEC oil producer by 2027

21 January 2024

Guyana’s Finance Minister Ashni Singh stated during his 2024 budget reading that Guyana is on track to becoming the biggest non-OPEC oil and gas producer.

US Treasury grants Citgo temporary reprieve amidst auction proceedings

19 January 2024

The US Treasury Department announced on January 16 the extension of temporary protection for Citgo Petroleum, shielding it from creditors until mid-April.

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