Region: Latin America Category: Oil & Gas Frequency: Every Tuesday
Looking for more LatAmOil articles? Or would you like to find out more about the publication? Keep reading.
Overview
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.
LatAmOil is fully digital publication and can be read in PDF or online.
Try it out
The majority of our premium content is ONLY available to our subscribers.
If you would like to try LatAmOil we can offer you a, no obligation, free trial, giving you a chance to get to know the publication and get hooked on the quality content. No credit card required.
Simply fill in the form at the bottom of this page and we will send you your first copy of LatAmOil
Need more convincing?
- Check out our client testimonial
- Read a recent issue
- Find out more about a LatAmOil subscription
Oil companies in Venezuela rush for US licences amid regulatory backlog
Oil firms operating in Venezuela face uncertainty as they await US approval to continue operations past the May 31 deadline. After the return of sanctions, these firms are submitting waiver applications to the US Treasury hoping for ad-hoc licences.
US court decision adds complexity to Citgo ownership auction
A US District Court judge ruled on May 17 that bidders participating in the auction for US-based refiner Citgo Petroleum must disclose whether their binding offers encompass the claims of Venezuela bondholders involved in a separate legal action
ExxonMobil to drill two appraisal wells offshore Guyana
ExxonMobil is moving forward with plans to drill two appraisal wells in the Stabroek Block offshore Guyana, a document included in Guyana’s Official Gazette confirmed.
3,000 Guyanese welders to be trained for local oil and gas sector
Guyanese President Irfaan Ali announced that the School of the Nations, in collaboration with the Guyana Online Academy of Learning, aims to train 3,000 Guyanese candidates in welding.
Brazil’s oil output surge expected to boost royalties by 20% in 2024
Brazil anticipates a significant surge in oil production this year, with projections suggesting that royalties from the sector will increase by 20.4%, totalling $17.7bn
Petrobras sends antitrust authority proposed amendments to its cessation terms
Petrobras has announced that it has formally submitted proposals to Brazil’s antitrust authority, the Administrative Council for Economic Defence, to amend the Terms of Cessation Commitment related to the investments or divestments.
Vessel Sapura Ônix heads to Brazil’s Atlanta Field for equipment installation
The specialised vessel Sapura Ônix is currently en route to the Atlanta Field in the Santos Basin, offshore Brazil, to install subsea equipment in preparation for oil production, targeted to commence in August.
Touchstone experiences 20% decline in quarterly oil and natural gas sales
Touchstone Exploration, a Trinidad-focused energy company, released its financial results for the first quarter of 2024, revealing a 20% y/y decline in oil and natural gas sales.
PEMEX sets ambitious strategy for northeast marine region
PEMEX has unveiled a strategy to boost production by 17% in the mature hydrocarbon fields of the Northeast Marine Region by the end of 2024.
TotalEnergies eyes offshore potential in Peru
French supermajor TotalEnergies is set to initiate preliminary studies to assess the oil and gas potential of two offshore areas in Peru.
Seaport Global sees Venezuelan PDVSA bonds as undervalued, recommends buy
Bonds issued by Venezuela’s state oil company, PDVSA, are undervalued and should trade closer to sovereign debt levels, according to Seaport Global.
US to grant limited licences for Venezuelan oil operations, prioritising existing investors
The United States is gearing up to grant limited licences for operations in Venezuela, prioritising companies already engaged in oil production and possessing existing assets.
LPG deliveries hampered in southern Brazil
Floods in Brazil's Rio Grande do Sul state have severely hit the distribution of liquefied petroleum gas, reducing supply by 7-10% in the affected area during the first two weeks of May.
Brazil’s Volkswagen idles three plants after flooding, LPG deliveries hampered
Floods in Brazil's Rio Grande do Sul state have severely impacted the distribution of liquefied petroleum gas, reducing supply by 7-10% in the affected area during the first two weeks of May.
Brazil’s Enauta starts anchoring FPSO Atlanta in Santos Basin
Brazilian oil and gas producer Enauta has commenced anchoring operations for the floating production storage and offloading unit Atlanta in the Santos Basin, offshore Brazil.
Colombia's oil production nears 800,000 bpd, says Regulator Chief
The President of the National Hydrocarbons Association announced that the country's average daily oil production is approaching 800,000 barrels per day, despite the nation's increasing focus on expanding renewable energies.
Venezuela's oil production inches up despite US sanctions
Venezuela's oil production edged up to 878,000 barrels per day in April, marking a modest increase of 0.45% from March's average of 874,000 bpd despite the return of sanctions, according to data compiled in a report released on May 13 by OPEC.
Vaca Muerta produced 52% of Argentine oil in March
A report by consulting firm Economía & Energía found that oil production in Argentina reached 690,000 barrels per day in May, with the Vaca Muerta shale formation accounting for 52% of total output.
Venezuela bolsters military presence near Guyana border amid rising tensions
Venezuelan President Nicolas Maduro's administration is intensifying military infrastructure and hardware deployment near the border with Guyana, heightening concerns of annexation threats towards the oil-rich stretch of Guyanese land.
MODEC reports 657% surge in quarterly profit driven by Guyana FPSO contract
MODEC released its earnings for the first quarter of 2024, announcing a $71mn profit largely driven by its order for the Errea Wittu floating production storage and offloading vessel for the Uaru development offshore Guyana.
Petrobras introduces new gas contracts amid newly liberalised Brazilian market
Brazil’s national oil company (NOC) Petrobras has announced plans to introduce new types of natural gas contracts in Brazil's open market, featuring more flexible and competitive terms.
CMM secures $94mn to build ethanol-powered PSV fleet in Brazil
Compagnie Maritime Monegasque (CMM) has obtained $94mn in financing from Summit Ridge Capital Partners, earmarked for the construction of a pioneering ethanol-powered fleet of Platform Supply Vessels (PSVs) in Brazil.
Brazil narrows reduced biofuel mix mandate in flood-hit south
Brazil's crude oil, gas, and biofuels regulator the ANP has scaled back the reduced biofuel blending mandate in Rio Grande do Sul state, limiting it to the cities of Canoas, Esteio, Rio Grande, and Santa Maria as the area reels from severe flooding.
Oil poised to become Brazil's leading export in 2024
Crude oil is set to become Brazil’s primary export in 2024, reflecting its growing significance in the country's export portfolio.
Petrobras curbs investor payouts amid political pressure
Brazil’s national oil company Petrobras’ board has approved a BRL1.04 per share, or BRL13.45bn ($2.6bn), in dividends from the first quarter, it said in a regulatory filing,
Follow us online