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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Colombian judge orders Petrobras and Ecopetrol to cease offshore gas well
Petrobras and Ecopetrol have been ordered by a Colombian court to halt drilling operations on the Uchuva-2 offshore gas well, located near Taganga in the Caribbean, following a legal challenge from a local Indigenous community.
Suriname hydrocarbon development advances through Staatsolie, PetroChina deal
Staatsolie announced that nearly 46% of Suriname’s offshore area is now under contract, following the signing of production-sharing contracts for Blocks 14 and 15 with PetroChina Investment Suriname B.V.
MidOcean energy acquires greater stake in Peru LNG
MidOcean Energy, a liquefied natural gas company managed by EIG, has announced its acquisition of an additional 15% interest in Peru LNG (PLNG) from Hunt Oil Company.
OSRL to expand oil spill response capabilities in Guyana
Oil Spill Response Limited is ramping up its initiatives to bolster oil spill response capabilities in Guyana, targeting the region's rapidly growing oil and gas sector.
Venezuela's VP Rodríguez meets Repsol executive amid strained Spain relations
Venezuelan Vice President and Oil Minister Delcy Rodríguez held talks with Repsol's Venezuela business unit director Luis Antonio García Sánchez in Caracas on September 13, discussing "strategic alliances" and "energy cooperation."
St Vincent PM suggests Maduro's Venezuela presidency benefits Guyana's oil sector
Ralph Gonsalves, Prime Minister of St Vincent and the Grenadines, has suggested that Nicolas Maduro's presidency in Venezuela is advantageous for Guyana's burgeoning oil industry.
Brazil's Inpasa hits Bahia with new plant
Inpasa, Brazil's largest corn ethanol producer, announced a BR1.2bn ($217mn) investment to build a new ethanol plant in Luís Eduardo Magalhães, Bahia.
Venezuelan Vice President lauds OPEC on 64th anniversary
Venezuela's Vice President Delcy Rodríguez has expressed gratitude to OPEC Secretary General Haitham Al Ghais for his warm greetings to the Venezuelan people, President Nicolás Maduro, and the country's oil sector workers.
MidOcean Energy increases stake in Peru LNG
MidOcean Energy, an LNG company formed by US private equity fund EIG, has raised its stake in Peru LNG.
SBM Offshore to deliver two large vessels to Petrobras
Dutch firm SBM Offshore is set to dispatch two large oil vessels to Brazil, while the country’s national oil company Petrobras is planning tenders for similar units to boost its crude oil output.
Halliburton submits bid for data management services in Guyanese oil and gas sector
Halliburton submitted a $1.88mn bid to Guyana’s National Procurement and Tender Administration Board, pursuing a contract for data management services for the country’s oil and gas exploration and production operations.
Former Norwegian minister condemns calls for Guyana to cease oil production
Former Norwegian Environment Minister Erik Solheim has condemned calls from individuals in veteran oil-producing countries including the United States and Norway for Guyana to cease its oil production.
United States Export-Import Bank to review Guyana's Gas-to-Energy loan request
The United States Export-Import Bank (EXIM) will review Guyana's $646mn loan request for its Gas-to-Energy project in October, Vice President Bharrat Jagdeo confirmed.
Staatsolie signs production sharing contracts with PetroChina for two blocks offshore Suriname
Staatsolie announced that nearly 46% of Suriname’s offshore area is now under contract following its signing of production-sharing contracts for Blocks 14 and 15 with PetroChina Investment Suriname B.V.
US mulls Chevron licence suspension in Venezuela, sources say
The Biden administration is considering suspending Chevron Corp's licence to extract oil in Venezuela as part of efforts to pressure President Nicolas Maduro's government into dialogue with the opposition in the wake of the July 28 disputed election.
US imposes sanctions on Venezuelan officials over disputed election, stops short of targeting oil
The US on September 12 slapped sanctions on 16 close allies of Venezuelan President Nicolas Maduro, citing "widespread voter fraud" in the country's recent presidential election. However, the new sanctions do not target key oil and gas exports.
Brazil’s environmental regulator grants operating licence for FPSO Atlanta
Brava Energia, the Brazilian oil and gas company formed by the merger of 3R Petroleum and Enauta, has obtained an operating licence for the floating, production storage, and offloading (FPSO) unit Atlanta.
Venezuelan Oil Minister highlights sector progress amid diplomatic tensions with Spain
Venezuelan Minister of Petroleum Delcy Rodríguez convened a meeting with Héctor Obregón, president of Petróleos de Venezuela (PDVSA), and Mauricio Herrera, president of Petroquímica de Venezuela (Pequiven), to assess the progress of oil & gas
Trinidadian national fuel company faces charges over divers' deaths
Trinidad and Tobago's national fuel company, Paria Fuel Trading Co., a subsidiary of Trinidad and Tobago's national fuel company Trinidad Petroleum Holdings, is facing legal repercussions following the deaths of four divers in 2022.
Argentina expecting major energy investment surge driven by RIGI initiative
The Argentine government is projecting energy investments of up to $15bn in 2025 and $16.5bn in 2026, Energy Secretary Eduardo Rodriguez Chirillo stated.
Oil plunges, Petrobras holds on gasoline prices
International oil prices fell to their lowest levels in nearly three years, amid concerns over the global economy's recovery.
Petrobras unveils Comperj after 16-year wait
Petrobras has completed the long-delayed Polo GasLub Itaboraí project, formerly known as Comperj, 16 years after construction began and following $14bn in losses.
Chevron lobbies for continued Venezuelan operations despite post-election turmoil
In the wake of Venezuela's disputed presidential election, US oil giant Chevron has intensified its lobbying efforts in Washington, urging officials to allow its continued operations in the crisis-stricken South American country.
LatAmOil: Chevron lobbies for continued Venezuelan operations despite post-election turmoil
SBM Offshore, MISC Berhad ink share purchase deals for two FPSOs
SBM Offshore has entered into two share purchase agreements with its partner MISC Berhad concerning two floating production storage and offloading (FPSO) units.
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