LatAmOil - Latin America Oil & Gas

Pemex approaches completion of Tula refinery's coking plant

Mexico state-owned energy major Pemex is on the verge of finalising preparations for the commencement of operations at the Tula coking plant, with a targeted completion date set for the end of December.

Pemex excluded from global crude majors’ agreement on emissions

Mexico state-owned energy major Pemex has been conspicuously omitted from an agreement signed by 50 prominent global oil companies, all pledging to attain zero pollutant emissions by 2050, S&P Global reported on December 5.

Mexico's first floating LNG plant advances as storage vessel sets sail

The storage vessel for Mexico's inaugural liquefied natural gas (LNG) plant has embarked on its journey from US waters to Altamira, Mexico, according to ship-tracking data.

Brazil’s regulator grants TGS licence for seismic research in Equatorial Margin

Brazil’s environmental regulator Ibama has granted TGS the environmental licence for a multi-client 3D seismic research activity in the Equatorial Margin region, covering the Para-Maranhao and Foz do Amazonas basins.

FTC probes $53bn Chevron-Hess deal

The US Federal Trade Commission is seeking additional information on the $53bn Chevron and Hess deal, the companies have said.

Guyana to continue oil development amid Venezuela border threat

Guyana's Vice President, Dr. Bharrat Jagdeo, dismissed Venezuelan President Nicolas Maduro's annexation plans for the Essequibo region, affirming it won't hinder Guyana's oil developments. “If we pause any of our developments, Maduro succeeds.

Guyana VP assures oil companies that Venezuela not a threat

Guyana's Vice President, Dr Bharrat Jagdeo, has urged oil companies operating in the country's exclusive economic zone (EEZ) to disregard Venezuelan President Nicolas Maduro's recent directive to vacate.

Iran to overhaul Syrian refinery after repair job in Venezuela

Iran will soon begin repair work at one of Syria’s only two oil refineries, an official with the National Iranian Oil Refining and Distribution (NIORDC) said.

Guyana agrees to bilateral talks with Venezuela as Essequibo dispute rages

Brazil expands natural gas capacity alongside offshore wind legislation

Brazil has approved a new legal framework for offshore wind energy, paving the way for the addition of 4.25 GW of natural gas thermoelectric plant capacity. This initiative is expected to support the integration of new pipeline networks.

Brazil's base oils output plummets 62% in October on maintenance schedules

According to the National Agency of Petroleum, Natural Gas and Biofuels (ANP), the country's output in October stood at 22,515 cubic metres (20,265 tonnes), down significantly from 52,370 cubic metres during the same period the previous year.

Colombia appoints new head of hydrocarbons regulator

LatAmOil: ExxonMobil committed to Guyana despite Venezuelan vote

Venezuelan President Maduro to grant oil exploration licences in disputed Essequibo

Guyana's oil revenues to hit $11 billion by 2028

US diesel shipper takes long route around South America amid Panama Canal drought-induced bottlenecks

Chevron announces $16bn 2024 capex budget

Chevron has announced a capital expenditure range of $15.5 to $16.5bn for consolidated subsidiaries, and an affiliate capex budget of around $3bn for 2024, an increase of 11% compared with 2023.

ExxonMobil on track for $14bn further earnings, cash flow growth by 2027

ExxonMobil expects to deliver $14bn annual earnings and cash flow growth from the end of 2023-2027, according to a new corporate plan.

IMF forecasts more oil profits for Guyana once ExxonMobil recovers costs from Stabroek Block

The International Monetary Fund (IMF) revealed in its country report on Guyana that it expects the nation’s oil profits to be boosted once ExxonMobil and its partners recover costs from their oil projects in the offshore Stabroek Block.

ExxonMobil commits to Guyanese oil production amid border dispute with Venezuela

ExxonMobil chief executive officer Darren Woods has assured that his company remains focused on continuing its oil production in Guyana in an effort to assist the nation amid its border dispute with Venezuela.

Mexico Pacific signs 20-year LNG supply deal with Woodside Energy

Mexico Pacific will supply Australian oil ang gas company Woodside Energy with 1.3mn tonnes per year of LNG for a 20-year period.

Peru LNG reports export volumes up slightly m/m in November

Peru LNG, the operator of a natural gas liquefaction plant and export terminal in Pampa Melchorita, saw export volumes rise by more than 7% month on month in November 2023.

J&F Group enters Argentine oil and gas sector

J&F Group, Brazil’s largest conglomerate, has acquired two oil and gas production fields from Pluspetrol, marking the company’s entry into Argentina’s oil and gas sector.

Saipem wins $1.9bn contracts with ExxonMobil Guyana and Equinor

Italian engineering, drilling and construction company Saipem has won two offshore contracts with ExxonMobil Guyana and Equinor with a combined value of $1.9bn, which will see the company become involved in the upcoming Whiptail project.

Brazil’s crude, gas output at 4.5mn barrels in October

Brazil's crude and gas regulator the National Agency of Petroleum, Natural Gas and Biofuels (ANP) said the country’s production of crude oil and natural gas in October averaged 4.502mn barrels of oil equivalent per day.