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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Brazilian president to travel to Bolivia in search of cheaper gas
Brazilian energy industry representatives are set to accompany President Luiz Inacio Lula da Silva on a trip to Bolivia aimed at securing natural gas supplies following the expiration of a supply deal with Argentina.
Eight firms bid for 3D seismic campaign offshore Guyana
The Guyanese government has received eight bids from international contractors for an offshore 3D seismic campaign, as announced in a press release by the Department of Public Information.
Guyana rakes in $246 million in June from oil sales
Guyana’s Natural Resource Fund recorded a revenue of $246mn from oil sales in June, government data revealed.
Mexico: Sheinbaum's plan for PEMEX amid economic challenges
Mexico's President-elect Claudia Sheinbaum recently met with Octavio Romero Oropeza, General Director of Petróleos Mexicanos (PEMEX), to assess the company's current state.
Mexico's gasoline production rises under AMLO's oil industry reconversion
President Andrés Manuel López Obrador (AMLO) of Mexico has highlighted a significant increase in gasoline production, attributing it to the ongoing reconversion efforts within the country's oil industry and a decrease in crude oil exports.
Carlos Slim's Carso Group invests $1.2bn in Mexican gas field development
Carlos Slim, Mexico's wealthiest individual, through his conglomerate Grupo Carso SAB, is poised to inject $1.2bn into the development of the Lakach gas field situated in the Gulf of Mexico.
Golar to deploy floating LNG vessel to Argentina in 20-year deal
Maritime LNG infrastructure firm Golar LNG has reached an agreement with Argentina’s Pan American Energy for the 20-year deployment of a floating LNG vessel near its Vaca Muerte shale formation.
ExxonMobil attains highest market cap for US oil companies
ExxonMobil has emerged as the top-ranking oil company globally for June 2024, data from Statista showed, surpassing its peers with a market capitalisation of $497.62bn.
Guyana's largest FPSO to date set to start production in H2 2025
Guyana is anticipating the arrival of the ONE GUYANA FPSO vessel, set to depart from Singapore in the first half of 2025 and commence production by the latter half of the year.
Guyana emerging as one of the world's high-income economies
Guyana ranked 63rd in the World Bank’s rankings of high-income economies, up four places from last year. This rise was fuelled by the country’s booming oil sector.
Horizon56 digital tools boost efficiency and safety of Guyanese offshore exploration
Horizon56 has boosted efficiency, safety, and sustainability in Guyana’s energy sector through its RigFlow and RigBridge technologies.
Touchstone Exploration subsidiary wins licences for two blocks off Trinidad and Tobago
Touchstone Exploration Inc.’s Trinidadian subsidiary, Primera Oil and Gas Limited, secured Exploration and Production Licences for the Cipero and Charuma blocks offshore Trinidad and Tobago.
US court overturns ruling on Citgo bonds, mandates Venezuelan law application
A US appeals court on July 3 overturned a previous ruling that allowed bondholders to stake claims against Venezuela’s state-owned oil company, PDVSA, and its US refining subsidiary, Citgo, directing the lower court to apply Venezuelan law.
Ecuador’s heavy crude pipeline resumes operations after 16-day halt
Ecuador's Heavy Crude Oil Pipeline (OCP) resumed operations on July 3 following a 16-day suspension due to damage caused by recent heavy rains. The OCP, which transports 40% of Ecuador's oil, had around 140 metres damaged after an incident last week.
Bolivia’s hydrocarbons crisis: declining production and information gaps
Bolivia’s hydrocarbon sector is facing a critical situation due to a significant drop gas production, leading to reduced income from sales to Argentina and Brazil.
Brazil’s oil and gas production increases
Brazil’s oil and natural gas production increased in May, said Brazil’s petroleum regulator.
CGX Energy, Frontera Energy advance efforts to unlock Guyana's hydrocarbon potential
Canadian firms CGX Energy and Frontera Energy are intensifying efforts to unlock the hydrocarbon potential of the Corentyne block offshore Guyana. Their recent exploration results hint at a promising standalone shallow oil resource across the block.
Petrobras signs multi-year deal with Geoteric for AI seismic software
Global AI seismic interpretation firm Geoteric and Brazil’s national oil company (NOC) Petrobras have signed a multi-year, multi-million dollar agreement by which Petrobras' Exploration team has adopted Geoteric's AI Fault Interpretation software
Brazil’s Enauta cancels acquisition of FPSO Cidade de Santos from MODEC
Enauta has terminated the contract to acquire the floating production, storage and offloading unit Cidade de Santos from MODEC, which was part of its acquisition of the Uruguá and Tambaú fields from national oil company Petrobras.
Colombia's Ecopetrol to import gas from Venezuela, mulls bringing in LNG
Ecopetrol, Colombia's state oil company, is set to import 2.8mn cubic metres per day of gas from Venezuela starting next year to bolster national hydrocarbon supply, addressing an anticipated 8% shortfall. The two countries are neighbours.
Several competitive bids in Citgo auction, final hearing is September 19
Several competitive bids were received in June by a US federal court for the refiner Citgo Petroleum’s parent PDV Holding.
Petrobras faces continued challenges in attracting bidders for Barracuda-Caratinga FPSO tender
Brazil’s national oil company Petrobras has again postponed the bid submission deadline for chartering a FPSO vessel for the Barracuda-Caratinga field (Campos Basin), said Zack Investment Research.
Mexico: CNH approves Nanik-1EXP shallow water exploration well
Mexico's National Hydrocarbons Commission (CNH) has granted approval for PEMEX Exploration and Production (PEP) to proceed with drilling the Nanik-1EXP exploratory well in shallow waters.
Mexico's Pemex sees significant growth in gasoline sales
In May, Petróleos Mexicanos (Pemex) experienced a notable surge in its gasoline sales, marking an 8.1% increase from the previous year. Sales jumped from 644,300 barrels per day in May 2023 to 696,500 barrels per day in May 2024.

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