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 government advisor asserts $10bn in investments needed to advance oil and gas industry
Chairman of the Wales Development Authority and advisor to the government of Guyana, Asgar Ally, claimed that Guyana will need at least $10bn in investments to unlock the full potential of its oil and gas industry.
Mexico's pursuit of refining independence shows progress
Mexico's six-year push to bolster refinery output and reduce reliance on US oil imports is yielding results, yet its sustainability remains uncertain.
ExxonMobil to optimise Liza 2 and Payara production offshore Guyana
ExxonMobil Guyana President Alistair Routledge outlined strategic measures to boost production efficiency at two vital projects within the Stabroek Block - Liza 2 and Payara - through debottlenecking initiatives.
Brazil’s Embraer counters report of new jet, denies major capex plan
Brazil's Embraer has denied a report on The Wall Street Journal stating the company was exploring options for a narrowbody jet to break out of its regional niche and "compete head-on" with the best-selling Boeing 737 MAX and Airbus A320neo families.
Brazil must ramp up efforts to increase natgas supplies, says minister
Brazil’s Minister of Mines and Energy, Alexandre Silveira, has said the country’s national oil company Petrobras must ramp up efforts in augmenting natural gas supplies and reducing prices to aid the nation’s industrial resurgence.
Petrobras delivers first gas production from Santos Basin FPSO
Brazil’s national oil company Petrobras has initiated gas production through the P-68 platform, servicing the Berbigão and Sururu fields in the Santos Basin offshore Brazil.
BW Energy finalises acquisition of FPSO for Brazilian field deployment
Norwegian FPSO operator BW Offshore has successfully concluded the sale of a floating production, storage, and offloading (FPSO) vessel to BW Energy.
MODEC and JGC Corporation complete GHG emissions assessment for FPSOs in Brazil
MODEC and JGC Corporation have concluded a pioneering project aimed at measuring and quantifying emissions of methane and other greenhouse gases from floating production storage and offloading vessels off the coast of Brazil.
Brazil’s Tupi field marks 15 years of operations after 2.6bn barrels in output
In the pre-salt Santos Basin, the Tupi field has marked 15th year of operation after having produced 2.6bn barrels of oil equivalent and currently operating with seven units.
Norway’s DOF secures $192mn in Petrobras contracts for offshore vessels
Norwegian offshore vessel operator DOF Group has clinched two contracts with Brazil's national oil company Petrobras for over $192mn.
Venezuelan oil exports plunge as US sanctions start to bite
Venezuela's oil exports took a sharp nosedive in April, plummeting by 38% as tanker owners and customers swiftly withdrew vessels awaiting loading from the country's waters, anticipating the reimposition of US sanctions, which took place on April 17.
Bolivia's YPFB certifies 2022 and 2023 gas reserves, plans publication
Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) has completed certifications for the 2022 and 2023 gas reserves. Currently, the state oil company is cross-referencing data from various sources to ensure accuracy before making the findings public
ExxonMobil confirms capping stack on route to Guyana
ExxonMobil Guyana is gearing up for the imminent arrival of a capping stack, a critical piece of equipment mandated by the government as a safety measure in the event of a major oil spill.
ExxonMobil Guyana reveals dates of output halt due to Gas-to-Energy project
ExxonMobil has announced the timeframe for the temporary halt of production at two offshore oil projects in Guyana’s Stabroek Block as part of efforts to connect a natural gas pipeline for the landmark Gas-to-Energy project.
Petrobras launches bidding for onshore rigs
Brazil’s national oil company Petrobras has initiated a bidding process to contract four large rigs to drill oil and gas production wells onshore in various fields across Bahia and Amazonas
Petrobras crude Q1 output up 4.4% at 2.24mn bpd, exports fall
Brazil’s national oil company Petrobras’ first-quarter crude output rose by 4.4%, year on year, to 2.24mn barrels per day.
Production increase of three ExxonMobil FPSOs approved by Guyana government
The Ministry of Natural Resources in Guyana reported production increases across three FPSO vessels, namely Destiny, Unity, and Prosperity, as part of a production optimization process.
Petrobras sells idle fields to Perenco, signs MoU with Argentina’s Enarsa for gas projects
Brazil’s national oil company Petrobras has finalised contracts to sell its entire interest in the Cherne and Bagre fields, situated in the Campos Basin's shallow waters, to Perenco for $10mn.
Chevron says it will finalise purchase of Hess this year
Chevron CEO Mike Wirth has told Bloomberg Television that the company expects an outcome to the dispute with Exxon over the Stabroek Block in Guyana in the coming months, and that its $53bn acquisition of Hess Corp. would be finalised this year.
Hess Corporation preparing to begin oil exploration offshore Suriname this year
US energy major Hess Corporation is set to commence exploration in two offshore Suriname oil blocks later this year, namely Block 42 and Block 59, the company revealed in its annual report filed with the U.S. Securities and Exchange Commission.
Vista Energy to accelerate Vaca Muerta production in second half of 2024
Vista Energy, is set to ramp up its activities in the Vaca Muerta formation with the introduction of a third drilling rig, Oil & Gas Journal reported.
Hess requests tribunal hearing for dispute with ExxonMobil and CNOOC
Hess Corporation is seeking an arbitration tribunal to hear the merits of its disagreement with ExxonMobil and CNOOC, Chevron CEO Mile Wirth confirmed.
Hess calls for shareholder vote on May 28 for Chevron takeover
Hess Corporation has called for a shareholder vote on May 28 over Chevron Corporation's proposed $53bn acquisition of the company.
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