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, Shearwater sign deal for seismic exploration
Brazil’s state-owned energy major Petrobras and Norwegian marine seismic services firm Shearwater have sign a deal to jointly research seismic exploration and field developments, Offshore Engineer reported on November 22.
Trinidad company sees rise in freight forwarding demand in Guyana
The managing director of Trinidadian freight forwarding services Cargo Consolidators Agency has revealed that his company has seen an uptick in demand in the Guyanese market.
Guyana FPSO builder seeks supplier for water quality testing services
Guyana Deep Water Operations Incorporated (GDO), the local subsidy of FPSO builder SBM Offshore, released a request for proposals (RFP) for a supplier of water quality testing services for both the company’s onshore and offshore needs in Guyana.
US calls on oil companies to limit operations in Venezuela despite sanctions easing
The temporary easing of sanctions on Venezuela's oil sector must not be viewed as an endorsement for a full-scale resumption of operations, US Treasury officials have warned.
Subsea7 awarded decommissioning contract in Brazil
Subsea7 has announced the award of a sizeable contract by Shell for the decommissioning of subsea infrastructure associated with the FPSO Fluminense in the Bijupira and Salema fields of the Campos Basin, at 700m water depth.
BW Energy concludes acquisition of FPSO Cidade de Vitoria in Brazil
BW Energy has finalised the acquisition of the floating production storage and offloading (FPSO) Cidade de Vitoria from Saipem which is set to bolster oil production capabilities offshore Brazil.
Petrobras CEO under increasing pressure on gasoline prices, investment plans
Dissatisfaction with Petrobras CEO Jean Paul Prates is growing within President Luiz Inacio Lula da Silva's government, with calls for the company to align more closely with inflation-fighting measures and economic stimulus.
Guyana's minister of natural resources reveals name of sixth FPSO
Guyana's sixth floating production storage and offloading (FPSO) vessel has been named Jaguar. The vessel, set to boast a production capacity of 275,000 barrels, will be used in ExxonMobil’s upcoming Whiptail development.
Mexico Pacific and the state of Chihuahua partner on Sierra Madre pipeline
Mexico Pacific and the government of Chihuahua have signed a collaboration agreement to propel the development and operation of the Sierra Madre natural gas pipeline.
Pemex’s Dos Bocas refinery expects profitability in 20 years, executive says
The Dos Bocas oil refinery, a flagship project for the Mexican government in the energy sector, is projected to become profitable in 20 years. Yet concerns persist regarding its ability to meet production targets.
Mexican state of Tamaulipas secures nearly $19bn for hydrocarbon investments
The Mexican state of Tamaulipas has secured $18.96bn in investments from national and foreign oil companies for the hydrocarbons sector. This figure is expected to increase as more development plans in northeast Mexico are finalised.
Colombia and Venezuela explore oil and electricity collaboration
Colombian President Gustavo Petro announced potential collaboration between state oil company Ecopetrol and Venezuela's PDVSA oil company, while his Venezuelan counterpart expressed interest in importing Colombian electricity.
Guyana's 2023 oil production exceeds 100mn barrels in nine months
Stabroek Block operator ExxonMobil produced over 102mn barrels of crude offshore Guyana from January until September this year, with an average daily output of 374,000 barrels per day.
ExxonMobil on the hunt for more suppliers for its Guyana operations
ExxonMobil Guyana is looking to engage with multiple suppliers over the provision of a new set of onshore and offshore services as part of its Stabroek Block operations offshore Guyana.
Brazil's president urges Petrobras to adjust investment plan
Brazil's president, Luiz Inacio Lula da Silva, has reportedly urged the head of state-run oil firm Petrobras to adjust the company's 2024-2028 investment plan, with a focus on prioritising local job creation.
Mexico’s president requests weekly spending updates from Pemex
In an effort to curb excessive spending at Pemex, Mexico’s state-owned energy major, President Andres Manuel Lopez Obrador has directed the company to provide weekly spending updates to the head of the country's tax authority.
Brazil’s Braskem open to due diligence following ADNOC's offer for Novonor’s stake
Brazil’s petrochemicals major, Braskem, has expressed its willingness to undergo due diligence across all of its operations in response to an offer from Abu Dhabi's state-owned Adnoc for a controlling stake in the company.
Shell and Trinidad's NGC nearing approval for joint gas venture in Venezuelan waters
Venezuela is set to grant a licence to Shell and Trinidad and Tobago's National Gas Co. (NGC) to exploit a promising offshore natural gas field, with plans to export the production to Venezuela.
Incoming Argentine leader Milei pledges to privatise energy company YPF
Argentina’s president-elect Javier Milei has confirmed his plans to privatise state energy company YPF
Nigeria and Argentina look to partner on natural gas exploration, production projects
The Nigerian Upstream Petroleum Regulatory Commission (NUPRC) is seeking a collaborative venture in natural gas exploration and production with Argentina, it has revealed.
The fate of YPF, Argentina's state-owned oil company, under President-elect Javier Milei
The day after the election, Argentine President-elect Javier Milei reiterated his promise to privatise certain state-owned companies, including the national oil company. So what's next for YPF?
Petronas and Suriname government discuss potential offshore project
A delegation from Malaysian energy company Petronas recently entered into discussion with the government of Suriname to discuss a potential project at its offshore Block 52.
Venezuela’s PDVSA eyes sale of 1mn barrels of Corocoro crude amid eased sanctions
Venezuela's state-controlled oil firm, PDVSA, is reportedly exploring the sale of approximately 1mn barrels of Corocoro crude with the assistance of an intermediary. This potential transaction could mark the first sale of this grade in two years.
Eco Atlantic hunting for new partners following acquisition of Orinduik Block stake
Eco (Atlantic) Oil & Gas is on the search for new partners after expanding its interest in the Orinduik Block offshore Guyana. The company will hold a combined 75% operating interest.
Mexico human rights commission demands compensation for victims after LPG pipeline explosion
Mexico’s National Human Rights Commission (CNDH) has requested compensation from Pemex and the Puebla authorities for the victims of an explosion caused by an illegal connection to an LPG pipeline that affected 265 residents in 2021.
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