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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Argentina seeks to become net energy exporter buoyed by Vaca Muerta
Argentina is edging toward becoming a net energy exporter as the Vaca Muerta shale formation attracts rising investor interest. It is the world's fourth-largest shale oil deposit and the second-largest shale gas resource.
Petrobras’ FPSO Marechal Duque de Caxias connects to first well
Brazil’s national oil company (NOC) Petrobras has completed connection of the first production well to the floating, production, storage and offloading (FPSO) vessel Marechal Duque de Caxias at the Mero field in the Santos Basin's pre-salt area
FPSO Almirante Tamandaré reaches Brazil for Búzios Field deployment
The FPSO Almirante Tamandaré has reached Brazilian waters after departing China's CMHI shipyard on July 31.
Maduro calls for prosecution of opposition leaders over Citgo case
Venezuelan President Nicolás Maduro has demanded the capture and prosecution of opposition leader María Corina Machado and other political rivals, accusing them of corruption tied to Venezuela’s US-based oil subsidiary, Citgo.
Petrobras drills well at Buzios Field nearly 2,000 metres deep
Brazil’s national oil company (NOC) Petrobras has commenced drilling a new special purpose well in the Buzios Field using the Carolina drillship at a water depth of 1,939 metres.
Petro’s stance against oil contracts sparks backlash among Colombian farmers and miners
Colombian President Gustavo Petro has doubled down on his pledge to halt new oil exploration and extraction contracts, denouncing fossil fuels as agents of environmental destruction.
MidOcean Energy expands stake in South America's first LNG export terminal
MidOcean Energy, an LNG company managed by U.S.-based EIG, has increased its investment in Peru LNG, South America’s first liquefied natural gas (LNG) export terminal located in Pampa Melchorita, 170 kilometres south of Lima.
Solstad secures new Brazilian offshore vessel contracts
Norwegian firm Solstad Offshore has won significant contracts worth $53mn for three vessels operating offshore Brazil.
Brazil overtakes Malaysia as China's top Venezuelan crude supplier
Brazil has emerged as China's primary supplier of Venezuelan heavy crude oil, marketed as bitumen blend, displacing Malaysia's decade-long dominance in September, according to China's General Administration of Customs (GAC) data.
Petroperú board could proceed with four members amid government delays
The ongoing inability of the Peruvian government to appoint a full board for Petroperú continues to raise concerns.
PDVSA faces fresh crisis amid former chief arrest and looming US election
Venezuela's state oil company PDVSA has come under renewed scrutiny following the arrest of its former president and Industries Minister Pedro Tellechea, highlighting persistent corruption concerns as uncertainty looms over the US' next steps.
Baker Hughes secures major Petrobras flexible pipe contract
Baker Hughes has won significant contracts from Brazil’s national oil company (NOC) Petrobras to supply flexible pipe syste.ms for several Brazilian offshore oil fields
Petrobras plans Tupi field production boost
Brazil’s national oil company (NOC) Petrobras aims to restore production at its Tupi oil field to 1mn barrels per day (bpd) by 2027, according to exploration and production director Sylvia dos Anjos.
Petrobras to invest $10.5mn in wind measurement technology
Brazil’s national oil company (NOC) Petrobras has committed $10.5mn to expand its offshore wind measurement capabilities through new BRAVO buoy deployments.
Omni Táxi Aéreo wins Equinor offshore transport contract in Brazil
Omni Táxi Aéreo, part of the Omni Helicopters International Group, has secured a contract with Equinor Brasil to provide aerial support in the Bacalhau field, Santos Basin.
Petrobras reports strong Q3 production and refining performance
Brazil’s national oil company (NOC) Petrobras said its Q3 production stood stable at 2.689mn barrels of oil equivalent per day (boed) while achieving several operational milestones.
Petrobras to resume UFN-III fertiliser plant construction
Brazil's national oil company (NOC) Petrobras has announced plans to restart construction of its UFN-III nitrogen-based fertiliser unit in Tres Lagoas, Mato Grosso do Sul.
China’s CMFL acquires stake in Brazilian FPSO project
Dutch maritime engineering firm SBM Offshore has sold a minority share in the floating, production, storage, and offloading (FPSO) vessel Sepetiba to China Merchants Financial Leasing (Hong Kong) Holding Co (CMFL).
Massive oil storage project set for Mexico’s deepwater Trion field
Dutch company SBM Offshore has awarded a contract to Norway’s AXTech for a floating storage and offloading (FSO) unit to be deployed at the Trion oil field, a deepwater project 180 kilometres off the Mexican coast.
Challenger Energy farms out 60% of Uruguayan offshore block to Chevron
Challenger Energy announced that it completed the farm out of a 60% interest in its AREA OFF-1 block offshore Uruguay to Chevron, following approval from Uruguayan regulatory authorities.
ExxonMobil's output in Guyana hits record in September
ExxonMobil's offshore operations in Guyana continue to exceed expectations, with production reaching an average of 660,000 barrels per day, according to official figures.
Panama Canal eyes LNG traffic recovery after 65% plunge as drought restrictions end
The Panama Canal Authority (ACP) is working to restore vessel traffic for US liquefied natural gas (LNG) shipments to Asia, following a 65% drop in its second-largest transit segment and as water levels improve after a months-long drought.
Brazil's Ocyan names new chief executive
Brazilian oilfield services company Ocyan has announced that chief executive Jorge Mitidieri will step down, with Brazilian economist Luiz Reis taking over as CEO.
New Fortress Energy hits stride in Mexico FLNG operations
New Fortress Energy is cementing its position in the Americas' LNG market, with its innovative floating LNG facility off Mexico's Altamira coast achieving full production capacity
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