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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Neuquen's asphaltite extraction have steady growth, finds diverse industrial applications
Venezuela's imminent loss of Citgo – an existential crisis
Venezuela stands on the brink of losing one of its most prized assets, Citgo Petroleum Corp., following a protracted legal battle in the US grounded in the country's tumultuous economic and political history.
Petrobras CEO again touts Equatorial Margin, laments lack of progress
Petrobras' newly appointed CEO, Magda Chambriard, has said that the company lost 10 years by not exploring the Equatorial Margin.
Cash-strapped Bolivia hopes to transport gas from Argentina to Brazil
Bolivian state-owned oil company YPFB is preparing to facilitate the transport of natural gas from Argentina's Vaca Muerta field to the Brazilian market.
Venezuela's National Assembly convenes amidst Citgo US seizure controversy
Venezuela's National Assembly convened for its regular session on June 18, addressing the contentious issue of the US court-mandated auction sale of PDVSA-owned Citgo Petroleum and subsequent sanctions that have crippled the country's economy.
Venezuela's National Assembly mulls extending Chevron-PDVSA venture to 2047
Venezuela's National Assembly initiated discussions on June 17 regarding a proposal to extend a contract between state-run oil company PDVSA and US energy behemoth Chevron until 2047, aiming to prolong their joint venture allowed by a US waiver.
Trinidad and Tobago oil production drops by 11% in first quarter of 2024
Trinidad and Tobago's oil output fell by 11% y/y in the first quarter of 2024, data from the Ministry of Energy and Energy Industries showed.
Guyanese legislation provides boost to local oil sector companies
Local Guyanese companies in the oil sector received a significant boost with a new policy doubling the emphasis on local content in bid evaluations from 5% to 10%.
Oil leak detected in Trinidad and Tobago's Gulfstream barge
Authorities in Trinidad and Tobago have confirmed an oil leak from the Gulfstream barge that capsized off the coast of the island of Tobago.
Ecuadorian pipeline halts operations amid river erosion concerns
The Heavy Crude Oil Pipeline ceased operations on Monday as a precautionary measure following accelerated erosion along a stretch of the Quijos River, where a portion of its infrastructure traverses due to recent heavy rains.
Nicaragua's President Ortega condemns US sale of Citgo as “illegal confiscation”
Nicaraguan President Daniel Ortega issued a statement on June 18 denouncing the forced sale of Citgo Petroleum Corporation as illegal and an act of confiscation driven by what he termed "colonialist and imperialist policies" of the United States.
Pan American Energy joins Oil Beltway project in Vaca Muerta
Pan American Energy announced its participation in the Oil Beltway project in Argentina’s Vaca Muerta shale formation, pledging to pave 10 km of the new 63-km route.
Bolivia set to transport gas from Argentina to Brazil
Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) is preparing to facilitate the transport of natural gas from Argentina's Vaca Muerta field to the Brazilian market.
China urges US to lift Venezuela sanctions, condemns Citgo sale
China's Ministry of Foreign Affairs on June 18 issued a statement criticising United States sanctions on Venezuela, urging Washington to immediately halt its interference in Venezuela's domestic affairs and the auction sale of PDVSA-owned Citgo.
Carlos Slim seeks to partner with Pemex on deepwater natural gas project
Mexico’s President Andres Manuel Lopez Obrador announced that billionaire businessman Carlos Slim is keen to participate in the country's first deepwater natural gas project, collaborating with the state energy company, Pemex.
Suriname set to mirror Guyana's success with oil boom looming
Suriname appears to be on the cusp of a potential oil and natural gas boom that is reminiscent of the success experienced by neighbouring Guyana, Wood Mackenzie has concluded.
New Fortress Energy pushes back first Altamira LNG cargo to July
US firm New Fortress Energy has again delayed first LNG from the company’s floating LNG vessel off the coast of northeast Mexico to July.
Venezuela's Citgo faces imminent ownership transfer amid US court auction
Venezuela stands on the brink of losing one of its most prized assets, Citgo Petroleum Corporation, following a protracted legal battle in the United States that underscores the country's tumultuous economic and political landscape.
Argentine union announces 48-hour strike at Vaca Muerta
Amid growing labour tensions between union members and the Argentine government, Marcelo Rucci, the General Secretary of the Private Oil Tankers Union of Río Negro, Neuquén, and La Pampa, announced a 48-hour strike.
Venezuela to implement appointment system for subsidised gasoline purchases
Venezuelan drivers will soon need to schedule appointments to buy gasoline from stations offering government-subsidised fuel, Oil Minister Pedro Tellechea revealed on June 14. Subsidised gasoline remains extremely cheap at $0,02 per litre.
Brazil’s Petrobras CEO names new management with history in state-run firms
The new CEO of Brazil’s national oil company Petrobras, Magda Chambriard, has announced her new management team, appointing three directors with extensive technical expertise and a long history in the country’s state-run firms.
Brazil's Lula endorses Petrobras' offshore exploration bid amid environmental concerns
Brazilian President Luiz Inacio Lula da Silva has thrown his weight behind a push by national oil company Petrobras to explore the environmentally sensitive offshore Equatorial Margin, saying Brazil cannot give up such an opportunity.
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