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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Caribbean Energy Chamber launched at Guyana Energy Conference and Supply Chain Expo
The Caribbean Energy Chamber was launched on February 19 in a ceremony during the Guyana Energy Conference and Supply Chain Expo in Georgetown.
Liza and Payara production to continue into 2040s
Vice President of Guyana Dr Bharrat Jagdeo confirmed in a press conference that production at the Liza and Payara developments in the Stabroek Block offshore Guyana is set to continue until the late 2040s.
US monitors Venezuela's small military movements near Guyana border amid tensions
White House National Security Communications Advisor John Kirby has disclosed that the United States is closely observing Venezuela's military movements near the border with Guyana, characterising the gatherings as “limited in scale.”
Guyana's President Ali views Berbice region as crucial for gas industry growth
Guyana's President Irfaan Ali envisions the Berbice region as playing a pivotal role in the nation's gas industry, claiming it is set to emerge as a hub for vital "gas-supporting infrastructure.”
Petronas begins drilling operations in Suriname's block 52 following oil and gas discoveries
Petronas has initiated drilling operations in Suriname's Block 52, Annand Jagesar, Managing Director of Suriname’s state-owned Staatsolie confirmed. The exploration of the Fusaea well will be followed by an appraisal well for gas called Sloanea.
DeepOcean wins ExxonMobil Guyana offshore subsea contract
DeepOcean has won a contract from ExxonMobil Guyana to provide subsea construction and inspection, maintenance, and repair (IMR) services offshore Guyana. This encompasses subsea activities including construction, jumper installation, and IMR work.
Korean conglomerate offloads stake in Peruvian LNG
MidOcean Energy, a leading unit of the US-based energy investor EIG Global Energy Partners, has acquired a stake in Peru LNG, a terminal operator
Wintershall Dea announces successful installation of Fénix platform offshore Argentina
Wintershall Dea, alongside partners TotalEnergies and Pan American Energy, has achieved a major milestone with the successful installation of the Fénix platform, positioned approximately 60 km off the coast of Tierra del Fuego, Argentina.
Pertamina teams up with ENI and Petronas to expand oil & gas exploration abroad
PT Pertamina Hulu Energi, a subsidiary of Indonesia's state-owned oil and gas giant Pertamina, is partnering with major players ENI and Petronas to explore potential oil and gas blocks in Africa and South America
Mexican tycoon Carlos Slim mulls additional investment in Talos Energy
Mexico’s wealthiest individual Carlos Slimis reportedly looking to expand his company's oil and gas portfolio in cooperation with US-based Talos Energy
Mexican government approves fiscal stimulus for Pemex
Mexico’s government has agreed to provide a fresh “fiscal stimulus” to heavily indebted Pemex.
Petrobras hopes to finalise RLAM refinery deal with Mubadala by June 30
Petrobras is working to finalise the intricate details of an agreement with Mubadala that would allow it to regain control over the operations of the RLAM refinery.
Brasilia seen reappointing government representatives to Petrobras’ board soon
Brazil’s government is reportedly set to reappoint representatives to the board of directors of Petrobras.
Witnesses in Vitol trial testify on bribe payments to Mexican oil officials
Witnesses in Vitol trial have testified on bribe payments to Mexican oil officials.
Woodside secures green light for Trion project’s social impact assessment document
Australia’s Woodside Energy said the Mexican Secretariat of Energy (SENER) had approved the Social Impact Assessment (SIA) conducted for its Trion oil and gas project.
US court auction for Citgo encounters bid challenges
In a significant turn of events, the US court auction determining the destiny of Houston-based and Venezuelan state-owned oil refiner Citgo Petroleum has witnessed bids leveraging claims instead of cash.
Venezuela's military buildup near Guyana raises regional tensions
ExxonMobil Guyana poised to beat 2027 production target
ExxonMobil's output in the Stabroek Block offshore Guyana is poised to potentially reach 1.5mn barrels per day (bpd) by 2027, thereby exceeding the company’s initial 1.2mn bpd target.
Guyana targets completion of ExxonMobil expense audits by year-end amid oil production surge
Guyana Vice President Bharrat Jagdeo declared the government’s goal to complete three separate audits of the expenses from the ExxonMobil-operated Stabroek Block spanning 24 years by the end of the year.
ExxonMobil Guyana to move into new $160mn HQ
ExxonMobil Guyana is gearing up to transition to its new headquarters in Ogle, East Coast Demerara, this year. "There's a lot of work to be executed in that finalisation but we'll occupy it this year." company president Alistair Routledge confirmed.
Pemex reports oil production down in 2023
Mexico’s national oil company (NOC) Pemex saw crude production levels drop last year, even as exports increased.
Peru LNG reports export volumes down in January
Peru LNG saw export volumes sink by more than 2% month on month in January 2024.
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