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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Venezuela condemns US court's forced sale of Citgo
The Venezuelan government has condemned the forced sale of Citgo, the US-based subsidiary of PDVSA, denouncing the judicial proceedings in a Delaware court as illegal.
U.S. considers approval of $646mn loan for Guyana's Gas-to-Energy project
The Export-Import Bank of the United States is considering its final approval of a $646mn loan to Guyana, earmarked for the landmark Gas-to-Energy project.
Guyana vice president confirms nation will earn more from Stabroek Block than ExxonMobil and partners
Guyana's Vice President Dr Bharrat Jagdeo assured that ExxonMobil and its Stabroek Block partners will never profit more than the country from their petroleum operations.
Oceaneering, Solstad Offshore awarded contracts by Petrobras
Brazil’s national oil company Petrobras has awarded significant contracts to Oceaneering International and Solstad Offshore worth around $400mn.
Sheinbaum expected to prioritise political savvy in energy appointments
Political veterans, including Mexico's former foreign minister and a member of a prominent political dynasty, are in the running for top energy positions under President-elect Claudia Sheinbaum’s administration.
Pemex embarks on ambitious Iklum Well drilling project
Pemex has launched the ambitious drilling of the Iklum well, targeting a record depth of 8,240 metres.
French firm tasked with key role in $4.5bn Mexican oil project
The Zama oil project, located off the coast of Tabasco, will undergo a major development phase requiring a $4.5bn investment.
Paraguay seeks to increase fertiliser purchases and strengthen energy ties with Bolivia
Paraguay has announced plans to boost the purchase of Bolivian urea and enhance commercial relations in the energy sector.
Guyana's Natural Resource Fund receives $267mn in oil revenue in May
Guyana's Natural Resource Fund received $267mn from oil sales in May, as disclosed by the Bank of Guyana.
ExxonMobil purchases vessel monitoring and alert system from Viridien
Viridien sold its advanced Marlin vessel monitoring and alert system to ExxonMobil Guyana, enhancing the safety and efficiency of the oil giant's offshore operations in Guyana.
Saipem and CNOOC to engage with Guyanese businesses in June
Saipem and CNOOC are scheduled to hold separate meetings with Guyanese businesses this June in an effort to boost local engagement.
Guyana's Gas-to-Energy project expected to boost wood production
Guyana’s Ministry of Natural Resources stated that the country’s landmark Gas-to-Energy project to boost the production of wood products.
Petrobras awards Baker Hughes contract for offshore fields in Brazil
US oilfield services company Baker Hughes has won a contract from Brazil's national oil company Petrobras for workover and plug and abandonment services in pre-salt and post-salt fields offshore Brazil.
Petrobras drills new well in the Jubarte field
Venezuela and Nigeria aim to strengthen ties in oil and gas sector
Pedro Rafael Tellechea, Minister of Petroleum and president of PDVSA, led the Venezuelan delegation in a meeting with Nigerian Prince Arthur Eze, who also serves as director of Atlas Oranto Petroleum.
Petrobras to resume operations at ANSA fertilisers plant
Petrobras has approved the resumption of operating activities of its fertilisers plant Araucária Nitrogenados S.A. in the state of Parana, Brazil’s national oil company said.
National oil companies of Trinidad and Tobago, Suriname sign memorandum of understanding
Suriname’s national oil company and Trinidad and Tobago’s National Gas Company signed a Letter of Intent and a Memorandum of Understanding focused on natural gas collaboration.
Guyana oil sector to require 5,828 additional workers by 2028
A report by The Greater Guyana Initiative found that demand for qualified workers in Guyana’s burgeoning oil and gas sector is set to skyrocket.
Guyana emerges as one of lowest-cost oil producers worldwide
In the Upstream Oil and Gas Investment Outlook report by the International Energy Forum and S&P Commodity Insights, Guyana emerged as one of the lowest-cost oil producers with a breakeven price of $36 per barrel of Brent crude.
Vista Energy to import new fracking equipment to boost output at Vaca Muerta
Vista Energy has entered into an agreement with SLB to import new fracking tools to boost output in Argentina's Vaca Muerta shale region.
Optimisation plan for Pemex proposed by Wellingence
Wellingence, a consulting firm, has recommended an optimisation strategy for PEMEX aimed at bolstering its financial health through targeted divestments.
Venezuela oil production sees increase despite sanctions return
Venezuela's oil production reached 910,000 barrels per day in May, marking a 3.6% increase from April, as reported by the Organization of Petroleum Exporting Countries on June 11. PDVSA has sustained growth this year, adding 32,000 bpd.
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