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 to consult with international advisors on 2024 oil blocks auction
The government of Guyana is set to consult with international advisors over the possibility of holding an oil blocks auction in 2024, Vice President Bharrat Jagdeo confirmed during a press conference.
Switzerland's ABB wins bid to build electrical system for Guyana's FPSO oil-producing vessel
Swiss automation technology provider ABB Energy Industries has won a bid to manufacture the complete electrical system for the Errea Wittu FPSO vessel, which is set to operate in ExxonMobil’s Uaru field.
Guyana may earn $6bn annually from ExxonMobil’s Whiptail project
Mexico’s private fuel companies lose market share in 2023
Brazil’s Petrobras aims to complete RNEST refinery expansion in early 2025
Brazilian state-owned energy major Petrobras has announced its plans to resume expansion works on Train One of the Abreu e Lima (RNEST) refinery in the first quarter of 2025.
Sao Paulo state gas market regulations fail to address key issues
The highly awaited revision of Sao Paulo state's wholesale natural gas market regulations, unveiled in the final hours of 2023, has left many industry participants dissatisfied as it fails to address critical concerns.
Pemex submits sustainability plan aimed at soothing green investors’ concerns
Mexican state-owned energy major Pemex has presented a sustainability plan which aims to address environmental, social, and corporate governance (ESG) concerns that have haunted the company.
Guyanese oil sector to add 1,600 local workers
Brazil’s Maha Energy acquires 5% of oil, gas producer 3R Petroleum
Maha Energy has acquired 5% of oil and gas producer 3R Petroleum via a secured derivative instrument that gives the purchaser exposure to 11,999,248 3R Petroleum shares, with a total investment of approximately $69mn.
Guyana on track to becoming largest non-OPEC oil producer by 2027
Guyana’s Finance Minister Ashni Singh stated during his 2024 budget reading that Guyana is on track to becoming the biggest non-OPEC oil and gas producer.
US Treasury grants Citgo temporary reprieve amidst auction proceedings
The US Treasury Department announced on January 16 the extension of temporary protection for Citgo Petroleum, shielding it from creditors until mid-April.
Venezuelan National Assembly establishes commission to probe “Citgo assets theft” by opposition
Stabroek Block produced 143 million barrels in 2023
Guyana, India near agreement to speed oil exports
Mexico’s energy regulator CRE publishes guidance on regularisation of fuel dispensers
US LNG exports to Asia stymied by Panama Canal drought, Red Sea attacks
LNG exports from the US to Asia are facing longer journeys because of limited shipping through the drought-stricken Panama Canal and Houthi attacks on cargo ships in the Red Sea.
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