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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GA Drilling, Petrobras to develop advanced downhole drilling systems
Slovakia-based GA Drilling has initiated a technical cooperation programme with Brazil’s national oil company Petrobras to develop a more efficient deep drilling system.
Equinor awards Archer $40mn drilling services contract
Oilfield services firm Archer has obtained a two-year contract for platform drilling services from Equinor in Brazil valued at $40mn.
Petrobras awards Ocyan $13mn contract for Buzios Field services
Ocyan, owned by EIG, has signed a substantial contract worth approximately BRL750m with Brazil’s national oil company Petrobras.
TSC Subsea wins contract for subsea inspections offshore Brazil
TSC Subsea has secured a multi-year contract for subsea inspection services with a major operator in the pre-salt region offshore Brazil.
Petrobras targets $100mn in annual savings through rig automation
Brazil’s national oil company Petrobras has unveiled plans to partially automate its drilling rig fleet by 2030, expecting to save up to $100mn annually as the company aims to reduce offshore well drilling time.
First pipe for Guyana's Uaru development arrives at base
ExxonMobil's fifth project in Guyana, Uaru, is advancing notably with the recent arrival of the first pipe at the Vreed-en-Hoop Shore Base.
Brazil environmental workers offer a deal for oil permits
Brazil's federal environment workers have proposed a deal to end their strike, which has impacted Amazon protection and delayed oil and gas permits.
Deals heat up before Venezuelan election amid domestic industry challenges
Venezuela has granted a 20-year licence to BP and Trinidad and Tobago's state-owned National Gas Company to develop offshore gas, while Reliance Industries has received US approval to start oil imports from Venezuela
RIGI: Argentina’s high-stakes bet on LNG investment
Argentina's Large Investment Incentive Regime (RIGI) has emerged as a bold, if controversial, strategy aimed at securing substantial foreign investment in its energy and mining sectors.
Indalo Group targets Argentina’s YPF assets as Pilgrim Energy prepares for oil sector reentry
Businessmen Cristóbal López and Fabián de Sousa, owners of Indalo Group, are looking to re-enter the oil sector by pursuing conventional assets from YPF’s "Project Andes."
Venezuela's Maduro quietly courts US investors ahead of pivotal election
As Venezuela approaches a watershed presidential election, incumbent Nicolás Maduro is making an unexpected pivot: courting American investors with promises of stability and lucrative opportunities in the country's once-mighty oil sector.
Venezuela grants BP, Trinidad's NGC 20-year offshore gas licence
Venezuela has granted a 20-year licence to British energy giant BP and Trinidad and Tobago's state-owned National Gas Co. to develop the Venezuelan portion of the Cocuina-Manakin offshore gas field.
Will Venezuela’s Maduro go out with a bang or a whimper?
The hour of truth is approaching for Venezuela. On July 28, over 20mn eligible voters will cast their ballots to pick their future president from among a list of ten candidates.
Petrobras order flexible pipe from TechnipFMC for Brazil fields
Oilfield services firm TechnipFMC has received a contract from Brazil’s national oil company Petrobras to supply flexible pipe for the pre-salt fields offshore Brazil.
Venezuela inks 20-year gas deal with BP and Trinidad amid push for energy exports
Venezuela has signed a 20-year agreement with BP Plc and Trinidad and Tobago's National Gas Company for natural gas production and exploration, Venezuelan Oil Minister Pedro Tellechea announced on July 24.
Equinor awards Valaris $498mn drillship contract for Brazil Operations
Equinor Energy do Brasil, a subsidiary of Norway’s Equinor, has granted a contract to Valaris for its VALARIS DS-17 drillship for work offshore Brazil on the Raia project worth $498mn.
Trinidad and Tobago LNG plant exports 4,800th cargo
Trinidad and Tobago's Atlantic LNG export plant is set to mark a notable milestone with the shipment of its 4800th liquefied natural gas cargo since its inception in 1999.
Ecopetrol considering $3.6bn investment in US shale
Colombian energy company Ecopetrol is in talks with Occidental Petroleum to purchase a significant stake in CrownRock, a US shale oil producer.
YPFB commits $400mn to new natural gas development in Bolivia
Bolivian state-owned oil company Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) is set to invest $400mn in developing a newly discovered natural gas field.
Guyana poised to significantly outpace oil revenue estimates due to output spike
S&P Global has projected that Guyana is set to produce 632,000 barrels per day of oil in 2024, thereby positioning the South American nation to rake in a significantly higher oil revenue than previously expected.
Venezuelan election looms as energy firms rush to secure deals with PDVSA
As Venezuela approaches its pivotal July 28 presidential election, international energy companies are scrambling to finalise agreements with state oil company PDVSA, seeking to safeguard their operations regardless of the electoral outcome.
Frontera and GASCO to develop major LPG facility in Cartagena
Frontera Energy's subsidiary, Sociedad Portuaria Puerto Bahía, has partnered with Gasco Soluciones Logísticas y Energéticas to develop a liquefied petroleum gas project at Puerto Bahía's port terminal in Cartagena, Colombia.
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