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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Concerns arise over potential shortfall in Brazil's Rota 3 Pipeline gas supply
The upcoming start-up of Brazil's Rota 3 natural gas pipeline from the offshore Santos basin, scheduled for this year, is raising concerns among market participants about potential supply shortfalls, Argus reported on January 29.
Venezuela, Iran, discuss cementing energy alliance
Caracas and Tehran have explored avenues to strengthen their energy alliance, Venezuela’s Foreign Minister Yvan Gil said after holding talks with visiting Iranian Oil Minister Javad Owji
Brazil’s LNG imports expected to rise on terminal's commissioning, Petrobras purchases
ExxonMobil Guyana inspects oil response kit in effort to ensure readiness
ExxonMobil Guyana recently conducted a significant preventive maintenance operation on its Oil Spill Response Essential Kit at the GYSBI shore base. This initiative aims to bolster the country's preparedness for potential oil spill incidents.
Guyana allocates $100mn to consulting services for ExxonMobil offshore project
The Government of Guyana has put $100mn toward hiring a consultant to monitor ExxonMobil's seventh development project in the Stabroek Block, Minister of Natural Resources Vickram Bharrat disclosed.
Sentuo Oil Refinery commits to training Guyanese engineers as local demand rises
Sentuo Oil Refinery in Ghana has announced that it will provide training to 12 Guyanese engineers or engineering students annually, lasting for a duration of six months. This comes as the demand for Guyanese engineers rises.
New US policy on LNG permitting will also affect Mexican projects
US-based companies such as NFE and MPL may come under fire for their plans to process Permian basin gas in Mexico for export as LNG.
Russia diesel exports to Brazil at record high in 2023
Guyana daily oil output to hit 600,000 bpd by end of February
Guyana is poised to hit an average oil output of 600,000 barrels per day (bpd) by the close of February, Minister of Natural Resources Vickram Bharrat, announced.
US LNG trade to Asia being slowed by Panama Canal congestion
LNG vessels using the Panama Canal have been suffering lengthy delays according to the International Energy Agency.
Ecuador environmentalists threaten to impeach president over refusal to shut Amazon oil field
Milei's oil deregulation plan hits snag in Congress
ExxonMobil embarks on Guyana bus tour to boost brand engagement
ExxonMobil Guyana has embarked on "The Big Red Bus Tour," a community engagement initiative featuring a GYD10mn giveaway competition with an MG car as the grand prize.
US judge greenlights Altana's $530mn claim in Citgo ownership battle
A federal judge in Delaware last week greenlit Altana Credit Opportunities Fund's pursuit of proceeds from a share auction of Citgo Petroleum's parent company, potentially heralding a shift in ownership for the US' seventh-largest oil refiner.
Stabroek Block production hit record daily output in December
589,000 barrels of oil were produced in Guyana’s Stabroek Block on December 26; the highest daily volume produced in the country to date. This contributed to the 16.4mn barrels produced in total in December, the highest month of 2023.
Brazil’s Petrobras aims to acquire solar, wind assets
Brazil’s state-owned energy major Petrobras plans to initiate the acquisition of stakes in domestic onshore wind and solar projects this year, aiming to establish a renewable energy portfolio of approximately 2 GW, according to CEO Jean Paul Prates.
Biodiesel regains leading position at Brazilian pumps
OneSubsea subsea pumping system en route to Brazil
EPA Guyana barred from publicly disclosing terms of ExxonMobil oil spill guarantee
Sanjeev Datadin, an attorney-at-law and Guyanese member of parliament, clarified in the National Assembly that the EPA is legally restricted from publicly disclosing ExxonMobil's $2bn parent company guarantee for oil spills in the Stabroek Block.
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