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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Dutch FPSO builder secures contract for Whiptail project offshore Guyana
Dutch FPSO builder SBM Offshore has won the contract to perform the Front End Engineering and Design for an FPSO to be used in the Whiptail project, the sixth development project in the Stabroek Block offshore Guyana.
Venezuela receives second diluent shipment from Italy’s Eni to boost refining capacity
Venezuela, plagued by enduring fuel shortages, has received a new infusion of support from the Italian oil company Eni in the form of approximately 351,000 barrels of diluent material.
Petroecuador’s CEO Correa steps down amid corruption probe
US to ease sanctions on Venezuelan oil exports on promise of freer presidential election
IEA declares end to "Golden Age of Gas"
The energy crisis triggered by Russia’s invasion of Ukraine effectively marks the end of the 10-year Golden Age of Gas, the International Energy Agency said in its medium-term gas market report this month.
Russia and Venezuela sign a slew of trade agreements, vow to deepen cooperation on oil
Russia and Venezuela signed a series of 16 collaborative pacts spanning the domains of energy, oil, tourism, culture, and education, during the “Russia-Venezuela High-Level Intergovernmental Commission” in Moscow.
Tecpetrol determined to enter Argentina’s lithium industry as Alpha Lithium bid deadline looms
Argentine-Italian billionaire Paolo Rocca's foray into the lithium sector remains undeterred, even as his oil-drilling unit explores alternative avenues in Argentina.
Brazil’s Petrobras aims to strengthen ties with Norway’s oil sector
Petrobras CEO Jean Paul Prates has said the Brazilian state-owned energy major wants to forge partnerships with Norwegian oil-and-gas companies as he commended the Scandinavian country’s approach to the energy transition.
Argentina appeals court order for $16bn YPF payout
Argentina has appealed a New York court's order for the country to pay $16.1bn to two companies that were not compensated following the nationalisation of the YPF oil company.
Brazil’s GranBio, US’ Honeywell to jointly produce SAF
Petrobras aims to drill for oil near Amazon Mouth in 2024
The CEO of Petrobras has said the Brazilian state-owned energy major’s plans for oil-and-gas exploration in the Equatorial Margin would include exploratory drilling near the mouth of the Amazon river in 2024.
Brazil’s Centre-South ethanol production up in H2 September
IMF projects rapid economic growth for Guyana amid soaring oil output
In its latest World Economic Outlook report, the International Monetary Fund projected that Guyana’s economy is set to grow by 38.4% in 2023. Should this figure prove accurate, Guyana would be the fastest-growing country this year.
Argentina appeals US court ruling requiring $16bn payment to YPF shareholders
Argentina has launched an appeal against a New York court's recent verdict that mandated the country pay nearly $16.1bn to two corporations left uncompensated during the nationalisation of oil behemoth YPF in 2012.
IMF projects rapid economic growth for Guyana amid soaring oil output
IMF projects Guyana’s economy to grow by impressive 38% in 2023
Suriname ringfences first oil project in effort to avoid Guyana's mistake
Suriname has included ringfencing in its petroleum agreement with oil company TotalEnergies for the country’s first oil project at Block 58.
Guyanese natural resources minister demands disciplinary action over mishandled ExxonMobil audit
Guyana’s Minister of Natural Resources, Vickram Bharrat, has called for disciplinary action to be taken after the claims against ExxonMobil were heavily reduced following an audit of the company
Suriname and Dominican Republic sign MoU over oil exploration
Suriname President Chandrikapersad Santokhi and Dominican Republic President Luis Abinader signed a memorandum of understanding offering the Dominicans the opportunity to invest in Surinamese oil exploration.
Will Brazil boost gas imports again in response to drought?
Rain shortages in northern Brazil have led the government to stockpile fuel for diesel generators.
Venezuela-US thaw points to new sanction waivers and sparks resumption of Maduro-opposition talks
Brazil’s CCS sector demands clear regulatory framework
Petrobras’ refineries post highest utilisation rate since 2014
Petrobras’ refineries utilisation rate stood at 97% in September for the second consecutive month, the Brazilian state-owned energy major reports.
Brazil’s inflation up to 5.19% in September on rising fuel costs
Brazil’s annual rate of inflation rose to 5.19%, up from 4.61% in August, as transport costs increased, the country's statistics office reports.
Pemex denies reports of free oil deliveries to Cuba
Mexico’s national oil company, Pemex, has denied allegations that it is supplying crude oil to Cuba without charge.
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