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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Petrobras awards Omni Taxi Aereo contracts for unmanned aerial missions
Omni Taxi Aereo, a part of the Omni Helicopters International Group, has been awarded two contracts by Brazil’s national oil company Petrobras to operate unmanned aerial vehicles in offshore missions.
Petrobras expands sale of renewable diesel to Sao Paulo state
Brazil's national oil company Petrobras has expanded the sale of renewable diesel, known as Diesel R5, to the state of Sao Paulo.
BP initiates drilling of pioneer well in Pau Brasil Block
Energy major BP, the operator of the Pau Brasil block in Brazil’s Santos Basin pre-salt, is set to commence drilling the pioneer well on April 24.
Petrobras, MOL ink deals for cargo transfer vessels
Japanese shipping company Mitsui O.S.K. Lines and Brazil's national oil company Petrobras have entered a charter contract for the cargo transfer vessel SeaLoader 2.
Pemex CEO criticises Moody's downgrade, commits $680mn for deep water exploration
Octavio Romero, the CEO of Mexico’s national oil company Pemex, has criticised Moody's after the credit agency lowered the company’s rating.
Exxon seeks arbitration in Chevron take-over of Hess
ExxonMobil has filed for arbitration to claims rights in the Chevron take -over of Hess, including Hess’ valuable rights to 30% of the Stabroek Block project off Guyana.
India turns to Guyana and Suriname amid OPEC oil cuts
India's Union Petroleum Minister, Hardeep Singh Puri, revealed India's intent to diversify its crude sources amidst ongoing voluntary output cuts by OPEC+ nations.
Guyana on track to becoming world's biggest oil producer per capita
Guyana on track to becoming world's biggest oil producer per capita Guyana's oil production is projected to hit 900,000 barrels per day (bpd) next year, putting the country on track to become the world's largest oil producer per capita.
Argentina receives Brazilian support in $16bn YPF case
Argentina's challenge against a US court's ruling ordering it to pay $16.1bn over the 2012 nationalisation of YPF SA, the country's oil company, has garnered support from Brazil.
Petronas, ExxonMobil, Staatsolie sign agreement to extend Suriname gas exploration
Suriname’s national oil company Staatsolie announced the signing of a Letter of Agreement (LoA) between itself and ExxonMobil and Petronas committing to the extension of gas exploration efforts in Block 52 offshore Suriname.
ExxonMobil planning telecommunications station and pipeline for Guyana Gas-to-Energy project
ExxonMobil is making progress in Guyana’s landmark Gas-to-Energy project, with the energy company planning the construction of a telecommunications station and the continued pipelaying.
Peru LNG’s export volumes dropped in February
The Peru LNG consortium saw export volumes sink by almost 17% month on month in February 2024.
Chevron farms into AREA OFF-1 offshore Uruguay in deal with Challenger Energy
Challenger Energy has concluded a farm-out agreement that will allow Chevron to obtain a majority stake in the AREA OFF-1 block offshore Uruguay.
Atlantic LNG plant signs three-year EPC contract with Massy Wood
Atlantic LNG consortium of Trinidad and Tobago has awarded a three-year EPC contract to a joint venture owned by the energy division of a local company, Massy and Wood Group.
Mexico’s Sonora state unveils $3.4bn investment for LNG project
The government of the Mexican state of Sonora has disclosed that Amigo LNG is set to invest $3.4bn to develop a new gas liquefaction terminal at the port of Guaymas. This investment aims to position the state as a hub for gas liquefaction.
BP takes another shot at Brazilian deepwater drilling despite industry struggles
BP is gearing up for a new deepwater drilling attempt in Brazil at the Pau Brasil field, aiming to reverse the trend of major oil companies struggling to find significant reserves in the country's pre-salt region.
SBM Offshore hails 10-year operations and maintenance enabling agreement with ExxonMobil Guyana
SBM Offshore stated in its 2023 annual report that the company’s 10-year Operations and Maintenance Enabling Agreement (OMEA) with ExxonMobil Guyana could lay the foundation for the company’s approach to relationships with clients in the future.
Guyana's Stabroek Block output hit 18.7mn barrels in January
Production at the ExxonMobil-operated Stabroek Block offshore Guyana reached 18.7mn barrels of oil in January. Collectively, these projects achieved an average production rate of 602,000 barrels per day (bpd).
ExxonMobil Guyana prepares Request for Information for construction of telecommunications station
ExxonMobil, the operator of Guyana's Stabroek Block, has prepared a Request for Information (RFI) for the establishment of a coastal telecommunications station within the Georgetown to Vreed-en-Hoop area.
ExxonMobil president hails Guyana oil sector as output nears 700,000 barrels per day
ExxonMobil President Liam Mallon has lauded the progress that has been made in Guyana’s oil production, emphasising its growth from zero when it first started drilling to approximately 640,000 barrels per day (bpd).
Guyana surpasses Venezuela in oil exports amid border dispute and sanctions return fears
The ongoing border dispute between Venezuela and Guyana takes a new turn as Guyana continues to outpace its neighbour in oil exports for the third consecutive month.
Guyana Vice President defends hesitation to utilise Trinidad natural gas processing facilities
Guyana's Vice President Bharrat Jagdeo has expressed hesitation regarding Trinidad and Tobago's natural gas facilities for processing, emphasising the need for a feasibility study before making any decisions.
OPEC+ members roll cuts up until mid-year
The oil-producing group will maintain its current output quotas for another three months at least despite geopolitical uncertainty continuing to prop up oil prices
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