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 earns $90 million in 14th oil lift of 2023
CGX and Frontera promise oil production at Guyana's Corentyne Block by 2030
CGX Energy and Frontera Energy, partners in the Corentyne Block offshore Guyana, have announced their intention to begin oil production at the offshore block by 2030.
Output at Pemex’s Ku Maloob Zaap field falls nearly 30%
Ku Maloob Zaap, a field currently contributing nearly 40% to Mexico’s state-owned energy major Pemex’s output, has experienced a significant decline of 28.5% in production capacity.
Venezuela’s PDVSA resumes India oil exports after three-year hiatus
Venezuela’s Maduro reiterates rejection of ICJ jurisdiction on Essequibo ahead of talks with Guyana
BrasFELS shipyard secures contract for modules for Brazil FPSO
BrasFELS Shipyard has clinched a significant contract from Offshore Frontier Solutions to make some sections of the topside modules for a floating production storage and offloading (FPSO) vessel for the Raia project in Brazil.
Brazil’s FPSO Pioneiro de Libra marks six years of production
The FPSO Pioneiro de Libra (PDL), a joint venture between Altera and Ocyan, has completed six years of operation coinciding with the 17th anniversary of the discovery of the Brazilian pre-salt reserves.
Brazil joins OPEC+ as advocate for green transition, says Lula
Brazil has announced its intention to join the OPEC+ alliance with the aim of encouraging other oil-producing nations to transition towards more sustainable alternatives, according to President Luiz Inacio Lula da Silva.
Brazil’s ethanol industry aims for global expansion
The Brazilian sugarcane industry association, Unica, and the foreign trade agency, ApexBrasil, plan to invest BRL19.5mn ($3.9mn) to present ethanol as the most viable path to phasing down fossil fuels.
Guyanese oil production continues as usual amid border dispute
Guyana's oil majors are continuing oil production as usual despite escalating tensions with Venezuela over the disputed Essequibo region, Guyanese President Irfaan Ali confirmed.
Venezuela seeking to reactivate gas field near Guyana border
Venezuela has entered into talks with energy companies over the reopening of the Plataforma Deltana gas field near its border with Guyana.
Guyana emerges as global leader in oil reserves per capita, IMF report finds
Guyana has emerged as a global leader in oil reserves per capita, the International Monetary Fund (IMF) confirmed in its report on the country, with over 11bn barrels of commercially recoverable petroleum.
Guyana to unveil gas strategy, aiming to turn into regional integration hub
Guyana's President, Irfaan Ali, confirmed that regulators are in the process of finalising the nation’s gas strategy, adding that a two-week consultation period was being conducted with a draft soon to be presented to the public for review.
COP28: vague and voluntary promises
To say that COP28 in Dubai has been eagerly awaited would be an understatement.
Brazil commits to methane reduction regulations by 2025
Brazil has pledged to introduce regulations aimed at reducing methane emissions from the oil and gas sector by the end of 2025. The announcement was made at the UN COP28 climate summit's Global Methane Pledge Ministerial.
Petrobras mulls Middle East unit to strengthen OPEC+ ties
Brazil's state-owned energy major Petrobras is exploring the possibility of opening a Middle East unit to strengthen commercial ties in the Persian Gulf region as the country prepares to join OPEC+'s cooperation charter.
Woodside and Mexico Pacific finalize 20-year LNG sales agreement
Brazil’s regulator ANP authorises biodiesel imports in January
Brazil commits to $40bn worth of investments in biofuels by 2037
Iranian oil sellers push up prices as Venezuelan crude rallies
Sellers of sanctioned oil from Iran are hiking offer prices to China after Venezuelan crude rallied following the suspension of US sanctions on the South American producer.
Colombia’s Ecopetrol plans to invest up to $6.7bn in 2024
Colombia insists on conditions for ceasing oil production
During the UN’s COP28 climate change conference in Dubai, Colombia urged the international community to bear the financial burden associated with President Gustavo Petro's strategic shift away from coal and oil towards renewable energy.
Brazil’s regulator ANP submits studies on pre-salt blocks Rubi and Granada
The board of directors of Brazil's National Petroleum Agency (ANP) has approved geological and economic studies that have led to the delineation of two new pre-salt exploration blocks, Rubi and Granada, situated in the Santos Basin.
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