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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Ecuador awards oil export contracts to the volume of 12.9mn barrels
Ecuador has awarded contracts to export 12.9mn barrels of oil worth over $700mn through national oil company Petroecuador's spot sales model, marking a significant recovery following a major pipeline crisis.
Uruguay proposes natural gas pipeline linking Argentina's Vaca Muerta to Brazil
Uruguay's Industry and Energy Minister Fernanda Cardona confirmed the country's plans to propose a natural gas pipeline connecting Argentina's Vaca Muerta shale formation with Brazil, positioning Uruguay as a transit route for regional gas flows.
PDVSA subsidiary Vassa strengthens Venezuela’s oil and industrial production
DelcyRodríguez highlighted the company’s role as a cornerstone of Venezuela’s industrial chain
Venezuela projects 9% growth, calls on European oil firms to bypass US sanctions
“Until when will Europe subordinate itself to what’s in charge in Washington? Here you are free, come and produce,” Maduro said
Colombia Ecopetrol denies awarding multimillion-dollar gas deal to Ricardo Roa's friend
State-controlled oil producer Ecopetrol has categorically rejected allegations of contract favouritism following journalistic investigations into a proposed Caribbean regasification facility.
Brazil hits 5mn barrels of oil and natural gas daily
Brazil exceeded 5mn barrels of oil and natural gas per day for the first time in July, according to the National Agency of Petroleum, Natural Gas and Biofuels (ANP).
TechnipFMC wins Petrobras subsea deals
TechnipFMC has been awarded two subsea contracts by Brazil’s state-run oil company Petrobras for flexible pipe systems in the Santos and Campos basins.
Fugro wins Brazil deepwater exploration deals
Fugro has entered into two three-year agreements with offshore services provider Constellation to support deepwater exploration in Brazil’s Campos Basin and the Equatorial Margin.
YPF completes first-ever remote fracturing in Argentina's Vaca Muerta
YPF has achieved a technological breakthrough in Vaca Muerta operations, conducting its first completely remote fracturing operation controlled from the company's Real-Time Intelligence Centre in Puerto Madero, Buenos Aires.
US court rejects Argentina's request to block release of communications in YPF case
US Judge Loretta Preska has rejected Argentina's request to reconsider an order compelling the release of government communications related to the multi-billion-dollar lawsuit over YPF's 2012 nationalisation.
Karoon Energy boosts offshore oil reserves in Brazil
Karoon Energy said it has started a revitalisation and life extension programme for the Baúna project offshore Brazil, covering the Baúna, Piracaba and Patola fields.
Argentina opposes US court order to release oil-related government communications
Argentina has petitioned US Judge Loretta Preska to reconsider her order compelling the release of government communications related to the multi-billion-dollar lawsuit over the 2012 nationalisation of oil company YPF.
Argentina hits highest oil output since 1999
Argentina's oil production reached a historic milestone in July, hitting 811.2 thousand barrels per day, marking the highest output since 1999, according to the Energy Secretariat.
Trump-era licence reshapes Chevron’s role in Venezuelan oil
The US major remains a vital partner for PDVSA, contributing roughly a quarter of Venezuela’s total oil output, far above Russian and Chinese ventures, which produce about 10% each
Guyana election on September 1 set to shape oil and gas future
Guyanese voters head to the polls on September 1 in a pivotal general election that will determine whether President Irfaan Ali's People's Progressive Party/Civic maintains its parliamentary majority amid the country's rapid oil drive.
Brazil, Mexico unite on biofuels as US tariffs loom
Brazil and Mexico signed agreements to expand cooperation in agriculture, biofuels, trade and investment at the start of a bilateral summit in Mexico City.
Brazil’s Petrobras launches tender to modernise Rio refinery thermal power plant
Petrobras initiated a tender to modernise the thermal power plant at its Duque de Caxias refinery (Reduc) in Rio de Janeiro's metropolitan region, aiming to upgrade power generation systems while reducing emissions and operating costs.
Brazil launches largest organised crime operation targeting $9.6bn fuel sector network
Brazilian police executed 350 search and seizure warrants across eight states to dismantle a massive money laundering network that allegedly concealed BRL52bn ($9.6bn) in illicit gains through the fuel sector over four years.
Brazil’s Petrobras advances toward Amazon drilling following emergency simulation completion
Petrobras moved closer to Amazon offshore exploration after completing a comprehensive emergency response exercise in the Foz do Amazonas basin, with environmental regulator Ibama now reviewing documentation for final drilling licence approval.
Arrow exploration advances Colombia operations despite sector headwinds
Arrow Exploration has delivered robust operational progress in Colombia's challenging petroleum landscape, with production climbing 48% year-on-year to 3,768 barrels of oil equivalent daily in the second quarter.
Mexico's Pemex will remain Treasury's biggest liability: UBS
Mexican state oil company Pemex will continue as the Finance Ministry's largest liability for the foreseeable future despite government rescue efforts, Swiss bank UBS warned, Bloomberg Línea reported.
Suriname's Staatsolie unveils ambitious plan to diversify energy sector
Suriname's national oil company Staatsolie announced in a press release that it will launch an "open-door offering" in November for offshore exploration areas, positioning the country to diversify its energy partnerships.
Incumbent party enjoys comfortable lead in Guyanese election poll
A recent WIC News online poll suggests Guyana's ruling People's Progressive Party/Civic (PPP/C) could secure a decisive victory in the September 1 general elections, with the country's energy future at the top of the agenda.
Golar LNG contracts Singapore's Seatrium to refurbish FLNG for Argentine project
Golar LNG has contracted Singapore-based Seatrium to refurbish its floating liquefied natural gas unit ahead of a major 20-year deployment off Argentina's Atlantic coast.
ExxonMobil enters Colombia gas import race after abandoning fracking operations
ExxonMobil is positioning itself to compete in Colombia's nascent natural gas import market through a planned regasification facility in La Guajira, marking the US energy giant's strategic pivot after exiting hydraulic fracturing ventures.
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