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 producers continue to benefit from booming output
ExxonMobil and other producers operating in Guyana have reported record output from the country, with further development drilling underway
Brazil to import record coal amid hydro shortfall
Brazil’s Petrobras provides update on strategic oil and gas expansion in Southern Africa
Petrobras, Brazil’s national oil company, has confirmed it is exploring opportunities in South Africa, Namibia, and Angola, and is currently awaiting Galp Energia’s decision on its offer for a major stake in Namibia’s offshore Mopane block.
Trump wins the election but US oil supply unlikely to rise, says analyst
Ex-president Donald Trump may have won the US election, but the country’s oil supply is unlikely to increase. This is according to Anne-Sophie Corbeau, BP’s former head of gas analysis in an interview on the eve of the vote.
Guyana and Suriname emerging as major global LNG players, Wood Mackenzie report indicates
Guyana and Suriname could emerge as significant players in the global LNG market, with potential annual production reaching 12 million metric tonnes by the next decade, according to a new Wood Mackenzie report.
Guyana threatening OPEC's oil market share; S&P reports
Guyana and other non-OPEC oil producers are poised to intensify competition with OPEC for global market share in 2025, according to a recent analysis from S&P Global Commodities at Sea.
Norway's Argeo secures data services agreement with Suriname's Staatsolie for offshore projects
Norwegian subsea services provider Argeo signed an eight-year agreement with Staatsolie, Suriname's national oil company, for the provision of comprehensive multiclient data services in Suriname's offshore waters.
Argentine natural gas infrastructure boosted by Northern Natural Gas Pipeline
Argentina marked a significant milestone in its energy sector with the inauguration of the Northern Natural Gas Pipeline, a $710mn project that will transport natural gas from the Vaca Muerta shale formation in Neuquen province.
Pan American Energy weighs investment in sustainable aviation fuel production in Argentina
Brazil’s oil regulator mulls adding deep-water blocks to permanent concession offer
Brazil's oil and gas regulator the National Petroleum Agency (ANP) has approved the study of 25 new exploratory blocks for potential inclusion in the Permanent Concession Offer (OPC).
Petrobras Q3 profits expected to rise despite lower oil prices
Petrobras is expected to report higher third-quarter net profit and revenue despite weaker oil prices and production volumes.
Energy industry must drive sustainable socio-economic growth: ADIPEC
The global energy industry must drive the next phase of sustainable socio-economic growth, UAE Industry Minister and CEO of the country’s national oil company ADNOC, Sultan Ahmed Al Jaber, said at the ADIPEC conference in Abu Dhabi on November 4.
Turkish national arrested in Miami over Venezuelan oil sanctions-evasion plot
US authorities have arrested a Turkish businessman in Miami for allegedly orchestrating a complex scheme to evade sanctions on Venezuela's state-owned oil company PDVSA, the Justice Department said on November 4.
Mexico’s energy independence push falls short as Pemex production lags
Mexico's outgoing administration under former President Andrés Manuel López Obrador leaves behind an unfinished ambition of fuel self-sufficiency, with stark gaps between its targets and the actual output of state-owned oil giant PEMEX.
Venezuela’s oil exports surge to four-year high as production and US, India sales climb
Venezuela’s oil exports reached a four-year peak in October, nearing 950,000 barrels per day (bpd) thanks to increased crude production and higher sales to India and the United States, according to shipping data and reports from state firm PDVSA.
Venezuelan deputy considers new hydrocarbons code to boost private investment in oil sector
Petrobras invests in Campos Basin amid Foz do Amazonas licence delay
The Campos Basin, once Brazil’s top oil-producing region, marks 50 years since discovery and is set to play a key role in Petrobras' growth plans, said Magda Chambriard, president of the state-owned oil company.
Sheinbaum revamps Mexico’s energy sector amid soaring violence and judiciary reforms
Mexico's new president, Claudia Sheinbaum, has swiftly enacted significant reforms that declare that Pemex and the Federal Electricity Commission (CFE) are state-owned entities once more, following legislative approval.
Guyanese vice president reveals that government moving to close tax loophole exploited by oil companies
Guyana's government is moving to close a significant tax loophole being exploited by companies in the oil sector, Vice President Dr Bharrat Jagdeo announced.
SBM Offshore introduces new FPSO for Brazilian exploration
SBM Offshore announced the integration of the FPSO Almirante Tamandaré into its fleet, marking a significant milestone in Brazil's offshore energy sector.
ExxonMobil Guyana reports surge in crude oil production, hitting peak since 2011
ExxonMobil reported a 60% y/y surge in crude oil production offshore Guyana during the third quarter, contributing to its highest overall production rate since 2011 at 4.6mn oil-equivalent barrels per day.
Developmental drilling underway at Guyana's Whiptail development
Guyana's oil sector continues to expand as the Noble Don Taylor drillship undertakes development drilling at the Whiptail well site in the prolific Stabroek Block.
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