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 accuses US of targeting oil reserves, highlights energy alliance with Russia
Venezuelan Vice President Delcy Rodriguez, speaking at a key energy forum in Russia, accused the US of targeting Venezuela’s vast oil reserves as part of a strategic agenda.
TotalEnergies open to global partnerships with Petrobras, says CEO
TotalEnergies’ CEO Patrick Pouyanne has expressed interest in collaborating with Brazil’s national oil company Petrobras on projects beyond Brazilian borders as the French energy major expands its presence in Latin America's largest economy
Shell beats BP and EOG to Trinidad and Tobago shallow-water block
Trinidad and Tobago selected Shell as the preferred bidder for a key shallow-water block, outcompeting BP and EOG Resources, according to three sources familiar with the matter.
Pemex debt challenge looms as Sheinbaum prepares to take over Mexican presidency
Claudia Sheinbaum is due to take over Mexico’s presidency in October, inheriting the challenge of addressing state-owned Pemex’s debt pile.
Venezuela's PDVSA seeks delay in $20bn Citgo auction amid political turmoil, legal complications
Venezuela and PDVSA have requested a four-month delay in the sale of Citgo, their US refining subsidiary, amid escalating political tensions and legal complications surrounding the sale.
Petrobras awards subsea contract ahead of focus shift to upstream operations
TechnipFMC has secured two significant subsea contracts from Brazil’s national oil company (NOC) Petrobras for offshore pre-salt fields, which comes ahead of a pivot by Petrobras towards a greater focus on oil and gas production.
OPEC chief lauds Brazil's energy transition leadership, but protester interrupts speech at energy event
Haithmam Al-Ghais, Secretary-General of the Organization of the Petroleum Exporting Countries (OPEC), has commended Brazil for spearheading the global energy transition.
Prysmian's subsea innovation cuts costs for Brazil FPSO project
Prysmian, an Italian cable systems company, has provided a solution for a tie-back project in Brazil’s pre-salt layer, aiming to connect oil fields 30 kilometres from a floating production, storage and offloading (FPSO) unit.
Maersk Supply Service picks MDL for Mero field project off Brazilian coast
Maersk Supply Service has contracted Scottish flex-lay specialist Maritime Developments (MDL) for a solution-development scope in the Mero block within the Santos Basin, off Brazil's shoreline.
Petrobras awards $1bn contracts to Constellation for drilling vessels
Offshore excavation specialist Constellation has secured two fresh agreements with Brazil’s national oil company (NOC) Petrobras valued at $1bn for the deployment of oceanic drilling vessels.
Spanish judge charges PDVSA director's widow, partner in fraud and money laundering case
A Spanish judge has brought charges against the wife and partner of a late director of Petróleos de Venezuela (PDVSA), accusing them of funnelling funds from the state oil company into Spain and concealing them from tax authorities.
Repsol deepens Venezuelan ties, defying sanctions and political turmoil
TechnipFMC completes record loadout of manifolds for Guyana's Yellowtail project
TechnipFMC's Brazil team successfully completed the load out of six manifolds ExxonMobil's Yellowtail project, marking their largest operation to date.
Petrobras, India explore energy links
Petrobras CEO Magda Chambriard met with India’s Minister of Petroleum and Natural Gas, Hardeep Singh Puri, to discuss potential cooperation between the Brazilian state-owned company and Indian firms in the energy sector.
US Federal Trade Commission to approve Chevron's acquisition of Hess
The US Federal Trade Commission is expected to approve Chevron's $53bn acquisition of Hess as early as this week, according to sources familiar with the matter.
Stena DrillMAX returns to Guyana after wrapping up Canadian exploration
The Stena DrillMAX, under contract with ExxonMobil, is set to return to Guyana following its exploration drilling at the Persephone wildcat well in the Orphan Basin off the northeast coast of Newfoundland and Labrador, Canada.
Petrobras boss backs bold Equatorial oil push
Brazil’s Minister of Mines and Energy, Alexandre Silveira, and Petrobras CEO Magda Chambriard defended oil exploration in the Equatorial Margin, highlighting its potential despite environmental concerns, including at the mouth of the Amazon River.
Camisea completes LNG corridor to boost cargo transport efficiency in southern Peru
The Camisea Consortium has completed its LNG Corridor with the inauguration of a third service station in La Joya, Arequipa.
Aramco to increase stake in MidOcean and back Peru LNG deal
Saudi Aramco plans to raise its stake in MidOcean Energy to 49%, while also financing MidOcean's acquisition of a 15% share in Peru LNG from Hunt Oil Company.
Colombia faces energy crisis as gas supplies fall
Colombia is facing a potential energy crisis, as experts warn the country must urgently decide whether to boost domestic gas production or increase liquefied natural gas (LNG) imports.
Energy transition slows as global oil and gas industry refocuses on fossil fuels – report
Former Citgo executive reveals forced confessions and coercion under Maduro’s government
José Pereira, one of six Citgo executives imprisoned by the Venezuelan government from 2017 until their release in 2022 as part of a high-profile prisoner swap, is breaking his silence.
YPF prepares to continue Patagonia LNG project if Petronas exits
Argentina's $30bn Liquefied Natural Gas project in Patagonia faces uncertainty as YPF CEO Horacio Marín acknowledged the potential withdrawal by Malaysian partner Petronas.
Argentina's Neuquén Province breaks records with August oil, gas production
The Neuquén government reported that it achieved an average oil output of 430,654 barrels per day and an average gas output of 109.63mn cubic metres per day in August, both of which are historical records.
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