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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Venezuela's PDVSA bonds plunge as New York court ruling casts doubt on validity
State-controlled Petroleos de Venezuela SA bonds plunged following a ruling by New York State's highest court that Venezuelan law will govern the validity of the debt.
IATA discusses with Brazil cabinet high aviation costs
Russia and Venezuela pledge closer ties in oil and gas, nuclear energy collaboration
Russian Foreign Minister Sergei Lavrov and his Venezuelan counterpart, Yvan Gil, affirmed their commitment to enhancing cooperation in oil and gas production and exploring the peaceful use of nuclear energy during a meeting in Caracas on February 20.
Petrobras returns Três Marias Block to ANP
Brazil’s state-owned energy major Petrobras, has opted to relinquish control of the Três Marias block, located in the pre-salt region of the Santos Basin, off the coast of Rio de Janeiro.
FPSO Bacalhau reaches milestone with topsides installation
Equinor, the Norwegian energy company, has achieved a significant milestone with the completion of the topside installation of the free-floating production storage and offloading platform Bacalhau.
Petrobras seeks partner to share management of Braskem
TotalEnergies looking to replicate Guyana cost-saving measures in Suriname's Block 58
TotalEnergies is looking to learn from ExxonMobil’s cost-saving operations in the Stabroek Block offshore Guyana as it charts its course in Suriname's oil-rich Block 58.
Guyana VP insists nation is not liable in any way for oil spill disaster off Tobago
Guyanese Vice President Dr Bharrat Jagdeo insisted that Guyana holds no liability over the recent oil spill off Tobago's coast, dismissing claims suggesting the spill originated from vessels en route to Guyana.
Return of US sanctions on Venezuelan oil unlikely to impact Gulf Coast petroleum coke quality
Concerns mount over the potential reinstatement of US sanctions on Venezuelan oil as a result of continuing political repression from the administration of President Nicolas Maduro
Ali touts Guyana’s potential to become regional gas hub
Guyana has the potential to become a natural gas powerhouse, according to President Irfaan Ali.
ExxonMobil executive praises GTE project’s approach to safety and environment
Liam Mallon, the president of ExxonMobil Global Upstream, said on February 19 that he had high expectations for his company’s Gas-to-Energy project in Guyana.
Yergin hails Guyana’s approach to attracting oil and gas investments
In the fiercely competitive arena for investments in the global oil and gas industry, Guyana is making a name for itself as a beacon of stability and progress, said S&P vice chairman Daniel Yergin.
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.
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