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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Pemex ventures into record depths with $177mn ultra-deepwater well project
Mexican state oil company Pemex is set to push the boundaries of its deepwater capabilities with the ambitious Kuajtla 1 well project.
Venezuela's Q3 oil output rises 3.2%, OPEC data shows
Venezuela's oil production has shown a marked increase in the third quarter of 2024, according to the latest figures released by the Organisation of the Petroleum Exporting Countries (OPEC).
ConocoPhillips moves to secure priority in Citgo auction proceeds
ConocoPhillips has lodged a court motion to maintain its near-top position amongst creditors vying for proceeds from the sale at auction of shares in Citgo Petroleum's Venezuela-owned parent company.
A decade on hold, Petrobras seeks environmental permit
The FZA-M-59 offshore block, held by Petrobras and initially in partnership with BP, has faced a decade-long delay in securing environmental permits.
Petrobras cuts gas prices, rewards big sellers
Petrobras announced a 1.4% reduction in natural gas prices, effective in November, along with a discount programme for piped gas distributors exceeding their minimum contractual volumes.
New Fortress Energy’s Altamira LNG plant in Mexico exports first cargo to the Netherlands
US LNG developer New Fortress Energy has delivered its first LNG cargo to Holland’s Gate terminal from its Altamira LNG plant located in Mexico.
Argentine oil sector poised for growth with transportation overhaul
Argentine company Leviticus has installed new monobuoys at Punta Colorada, providing a major boost to oil shipping in the region.
Brazil’s maritime fleet set to hit 500 vessels
Brazil’s offshore support sector is on the brink of a growth cycle as investments and new contracts are set to boost fleet numbers.
Petrobras cuts 2025 spending forecast
Petrobras plans to reduce its investment target for 2025, despite government requests for an increase.
Venezuelan economy remains reliant on oil as challenges persist
Economist Rafael Quiroz believes Venezuela's economy will remain heavily dependent on oil for several decades, possibly longer than anticipated.
Venezuela advances gas production with Trinidad and Tobago agreement
Venezuela's Vice President and Minister of Petroleum, Delcy Rodríguez, announced the arrival of the vessel Doña José II, as part of a broader agreement with Trinidad and Tobago aimed at enhancing gas production capabilities in the Dragon Field.
ExxonMobil and partners to invest $55 billion in Guyanese oil and gas projects by 2027
ExxonMobil, along with its Stabroek Block co-venturers Hess and CNOOC, is set to invest $55bn in Guyana's oil and gas projects by 2027, according to the terms of the 2016 Stabroek Block Production Sharing Agreement.
Tecpetrol plans a new LNG export project utilising Vaca Muerta gas
Tecpetrol, the oil arm of the Techint group, has unveiled plans for a new liquefied natural gas (LNG) export project utilising gas from Argentina's Vaca Muerta formation.
Trinidad and Tobago are considering acquiring the Loran gas field from Venezuela
Trinidad and Tobago is nearing a deal to acquire the gas-rich Loran field from Venezuela, Energy Minister Stuart Young announced during a recent budget debate in the House of Representatives.
Brazil’s oil giant goes for major shakeup
3R Petroleum Óleo e Gás has received board approval for the merger of subsidiaries Enauta Participações and 3R Operações Offshore.
OneSubsea wins big Petrobras contract in Brazil
SLB’s OneSubsea joint venture has won a contract with Petrobras to support the expansion of the Roncador oil field in Brazil's Campos Basin, a project central to enhancing recovery from one of the country’s major oil fields.
Pemex faces lawsuit over deadly gas leak in Texas refinery
Three workers have filed a lawsuit against Mexico’s state-owned oil company Pemex following a deadly hydrogen sulfide gas leak at its Deer Park refinery in Texas.
Guyanese crude prices slump as Libyan crude production recommences
The global oil market is witnessing significant shifts, with Guyanese crude prices falling to their widest differential against Argus North Sea Dated since assessments began in February.
Guyanese consortium awarded contract to audit Stabroek Block expenses
Guyana's government has awarded a $312mn contract to VHE Consulting, a local consortium led by Chartered Accountant Floyd Haynes, for the third cost oil audit of the Stabroek Block.
Guyanese oil output on track to reaching 2030 production goal
Guyana's oil production is set to surge to 1.5mn barrels per day (bpd) by 2030, President Irfaan Ali announced in a recent address to the Guyanese Parliament.
KBR wins engineering contract for Trinidad and Tobago gas field upgrade
KBR has secured an engineering and procurement services contract for the Beachfield Manatee upgrade, a crucial component of Shell's Manatee gas field project in Trinidad and Tobago.
Venezuela touts oil reserves in bid for BRICS membership ahead of Kazan summit
Venezuela is highlighting its vast oil reserves and strategic geographic position as key assets in its bid to join the BRICS group of emerging economies ahead of the bloc's summit in the Russian city of Kazan later this month.
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