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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Bolivia: Urgent need for new hydrocarbon legislation
With declining gas production and income in Bolivia, the government has underscored the necessity of revising and modernising the regulatory framework governing the hydrocarbon sector.
Liza Unity FPSO receives world's first REMOTE-CON Notation
The American Bureau of Shipping has granted the Liza Unity floating production, storage, and offloading vessel the REMOTE-CON Notation in recognition of its integration of remote-control functionalities.
Compagnie Maritime Monegasque secures funding for ethanol-powered PSV fleet in Brazil
CMM secures $94mn funding for ethanol-powered fleet expansion in Brazil
Ecopetrol's Q1 net profit falls 29% as Colombia's energy giant navigates economic challenges
Ecopetrol, Colombia's majority state-owned energy firm, revealed a 29.1% drop in net profit for the first quarter of the year
Petrobras refinery affected by floods in Rio Grande do Sul
The Alberto Pasqualini Refinery, operated by Brazil's state-run oil company Petrobras PETR4.SA, is grappling with logistical challenges in fuel distribution due to extensive flooding in the southern state of Rio Grande do Sul
Cepsa advances energy transition, agrees to sell Peru assets to PetroTal Corp
Cepsa has entered into a strategic agreement with PetroTal Corp to divest its Exploration and Production division in Peru
Mexico to continue assisting Pemex in debt refinancing efforts
Mexico's Finance Minister, Rogelio Ramirez de la O, affirmed the government's commitment to supporting Petroleos Mexicanos
Colombia’s Ecopetrol seeks US waiver to import Venezuelan gas amid supply concerns
Colombia's Ecopetrol SA is pursuing an exemption from the United States to import natural gas from Venezuela, as the nation anticipates a shortfall in power-station fuel supply from next year.
Petrobras to commence drilling at Colombia's Uchuva-2 well
Petrobras, Brazil's state-owned oil company, is gearing up to commence drilling activities at the Uchuva-2 well off the coast of Colombia later this month
Petrobras achieves a 41% reduction in operational GHG emissions
Petrobras achieves 41% reduction in operational GHG emissions: A milestone towards decarbonisation
Guyana takes ExxonMobil to court over inaccurate valuation allegations
The Guyana Revenue Authority is pursuing legal action against ExxonMobil, accusing the oil major of significantly over valuating oil-well equipment
Noble Corporation announces $215mn in new contracts in first-quarter earnings report
Noble Corporation reported its first-quarter earnings, emphasising a series of new contracts totalling $215mn.
Venezuela grants fuel import permit to startup amid industry challenges
Venezuela has granted a permit to a small startup to import fuels, a move indicating a shift in its traditionally closed fuel market as the country grapples with refinery struggles and US sanctions.
Fight over Stabroek stake could drag into 2025
ExxonMobil’s CEO has publicly said the dispute with Chevron over Hess’ Guyana oil assets could last until 2025.
Petrobras to boost oil output with Marlim Field revitalisation, aims to tender two FPSOs in H2
Petrobras expects a significant boost in its accumulated production through the revitalisation project of the Marlim field in the Campos Basin, for which it will launch two floating production, storage, and transfer units (FPSO) tender offers in H2.
Mexico’s high-sulphur fuel oil output, exports surge in March
Mexico’s national oil company (NOC) Pemex’s output of high-sulphur fuel oil (HSFO) continued to surge in March, posting record-breaking exports.
Pemex provides nearly $400mn in fuel sales to crisis-hit Cuba
Mexico's national oil company (NOC) Pemex facilitated $380mn in crude oil and fuel sales to the Cuban beleaguered economy during the latter half of 2023.
US Transocean signs extension at record dayrate for Gulf of Mexico work
Deepwater driller Transocean has inked yet another extension surpassing the $500,000 dayrate threshold for operations in the US Gulf of Mexico.
Chevron treads cautiously in Venezuela amid regulatory shifts
US oil behemoth Chevron is opting for a cautious stance regarding new capital expenditure in Venezuela in light of newly reimposed sanctions, despite being allowed to operate in the country by a separate licence issued in November 2022.
Venezuelans grapple with the paradox of inflation despite stable rates
Venezuela is facing the paradox of inflationary stability coupled with dwindling purchasing power, as citizens struggle to afford basic food items despite a relatively stable inflation rate.
Argentina's PCR discovers oil in Southwest Ecuador, plans extended testing
Argentina's Petrochemical Comodoro Rivadavia SA, operating via its subsidiary PCR Ecuador, has uncovered oil reserves in the 90-Sahino petroleum block located in southwest Ecuador.
Venezuela's oil exports to US surge amid sanctions limbo
Fresh data from the United States Energy Information Administration has unveiled a remarkable uptick in Venezuela's oil exports to the US, surging to an average of 142,000 bpd in February ahead of last month's reimposition of sanctions.
US grants licence to Maurel & Prom, allowing Venezuela operations despite sanctions
The French oil company Maurel & Prom secured a pivotal victory as the United States issued an ad-hoc licence permitting its continued operations within Venezuela, despite the recent reimposition of US sanctions on the country’s crude exports.
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