LatAmOil - Latin America Oil & Gas

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Oil & Gas

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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Brazil’s environmental regulator greenlights licence for FSO Pargo

6 December 2023

The Brazilian Environmental Institute (Ibama) has granted an operating licence for the floating storage and offloading (FSO) unit Pargo, which will be operated by Perenco at the Pargo Complex in the Campos Basin.

Petrobras starts natural gas contracts with CEG, CEG Rio

6 December 2023

Petrobras has announced it has entered into new natural gas contracts with Companhia Distribuidora de Gas do Rio de Janeiro (CEG) and CEG RIO, the Brazilian state-owned energy major said on December 1.

Bolivian president blames fuel shortages on smugglers, speculators

6 December 2023

Bolivia’s President Luis Arce has blamed recent fuel shortages on speculators, claiming that black marketers are diverting large quantities of fuel.

Mexico’s hydrocarbons trade group welcomes regulator’s revisions

6 December 2023

The Mexican Association of Hydrocarbon Companies (AMEXHI) has praised the changes made by the National Hydrocarbons Commission (CNH) to various provisions related to the exploration and extraction of hydrocarbons.

Petrobras installs wind measurement sensor in Pescada field

6 December 2023

Petrobras has installed a LiDAR (Light Detection and Ranging) sensor on the PPE-1A platform in the Pescada field, located in Rio Grande do Norte, Brazil Energy Insight reported on December 1.

COP28 leader defends controversial remarks

6 December 2023

Sultan al-Jaber, the oil executive who is leading the COP28 climate summit in Dubai, has rocked the conference with highly controversial remarks that there is “no science” that phasing out fossil fuels is necessary.

IMF praises Guyana's modernised management of oil and gas sector

6 December 2023

The International Monetary Fund concluded in its latest report on Guyana that the nation’s government has made significant progress in modernising its governance of the country’s oil and gas industry.

TotalEnergies to share methane detection, measurement technology with SOCAR, Sonangol, Petrobras

5 December 2023

TotalEnergies will share its AUSEA methane detection, measurement technology with SOCAR, Sonangol and Petrobras.

COP28: Major oil companies pledge to cut methane emissions

5 December 2023

About half of the world's oil firms, totalling almost 50 companies, have committed to achieving "near zero" methane emissions and discontinuing routine flaring in their operations by 2030, and achieving net zero by 2050.

Transition risks for petrostates higher than ever, says report

5 December 2023

Petrostates are currently confronted with significant challenges arising from the ongoing energy transition. The diminishing demand for oil and gas is exerting downward pressure on commodity prices, which in turn threatens future revenue streams.

Liza Destiny ramps up output in October

5 December 2023

Production at the Liza 1 project offshore Guyana rebounded in October, with the Liza Destiny floating production, storage and offloading (FPSO) vessel passing production levels of 150,000 bpd on several occasions.

Liquid content in Guyana gas fields could complicate LNG facility deployment

5 December 2023

ExxonMobil Guyana president Alistair Routledge admitted that deployment of a floating LNG facility in the gassier fields of the Stabroek Block near the Suriname border could prove challenging due to the high variability of their liquid contents.

Shell decreases stake in Atlantic LNG as BP increases holding in restructuring deal

5 December 2023

A restructuring agreement set to be signed before December 8 will see Shell reduce its ownership stake in Trinidad’s Atlantic LNG facility, while at the same time BP and Trinidad’s state-run National Gas Co. (NGC) will increase their stakes.

OPEC+ extends voluntary cuts as Brazil prepares to join

4 December 2023

The group failed to agree on an additional cut that would apply to all members, so leading producers have once again decided to cut over and above the OPEC+ quotas

Petrobras seeks approval from regulator to renegotiate refinery sales terms

4 December 2023

Brazil's state-owned energy major Petrobras has formally requested the renegotiation of terms related to the sale of certain oil refining and natural gas assets.

Oil sector expected to play major role Argentine economic recover under Milei administration

1 December 2023

Argentine president-elect Javier Milei is poised to rely on the nation’s oil and gas industry to revitalize the struggling economy, Wood Mackenzie principal analyst Adrian Lara observed.

Saipem Guyana seeks health services for Stabroek Block operations

30 November 2023

Saipem Guyana has issued an expression of interest (EOI) for occupational health and infirmary services in an effort to improve on-site medical services at the Stabroek Block offshore Guyana.

Oil majors bet big on Venezuela defying uncertainties over US sanctions relief

30 November 2023

Oil executives from major global companies are rushing to seize opportunities in Venezuela following the recent easing of US sanctions.

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