LatAmOil - Latin America Oil & Gas

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Oil & Gas

Region: Latin America   Category: Oil & Gas Frequency: Every Tuesday

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Overview

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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Mexico’s President's energy reforms likely to be part of the electoral programme

12 February 2024

Mexican President Andres Manuel López Obrador has officially introduced a package of reforms, including significant changes to the energy sector, formally submitting his intention to dissolve autonomous regulators CRE and CNH.

Pemex aims to practically halve its emissions by 2027

12 February 2024

Pemex has said it will aim to practically halve its greenhouse gas emissions by 2027

Pemex, CFE financials jeopardise Mexico’s sovereign credit rating.

12 February 2024

US credit rating agency S&P has maintained Mexico's long-term foreign currency and local currency sovereign credit ratings at 'BBB' and 'BBB+', respectively, with a stable outlook, but warned state-owned energy major Pemex and utility CFE

Rio de Janeiro aims for free natural gas market amid growing demand

11 February 2024

The state of Rio de Janeiro in Brazil is actively seeking to develop its free natural gas market, responding to increasing demand in the coming decade and challenges in Brazil's gas agenda

Petrobras mulls projects with Gulf, Indian, Chinese, and Venezuelan firms

11 February 2024

Brazil’s state-owned energy major Petrobras is engaged in discussions with national oil companies from China, India, and the Middle East

Guyana's revenue from oil production expected to increase as ExxonMobil recovers costs

9 February 2024

Guyana is poised to experience a substantial surge in its oil revenues by 2026/2027, fuelled by the ExxonMobil-led Stabroek Block consortium's ongoing efforts to recover its significant investments in offshore exploration and development.

ExxonMobil output offshore Guyana exceeds 650,000 bpd

8 February 2024

ExxonMobil Guyana Director Alistair Routledge announced in a press conference that the company is now producing over 650,000 barrels of oil per day (bpd) from three vessels in the Stabroek Block—Liza Destiny, Liza Unity, and Prosperity.

Guyana announces clean energy achievements and future plans in hinterland communities

8 February 2024

The Guyana Energy Agency announced its progress in advancing clean energy electrification projects throughout hinterland communities in 2023 to showcase its commitment to sustainable development and renewable energy adoption across the nation.

Fuel prices expected to surge in Argentina as tax cap lifted

7 February 2024

The Argentine government has decided to remove the liquid fuel (ICL) and carbon dioxide (IDC) taxation cap that has been in force since 2021, thereby sparking consumers’ fears of a 10% to 15% surge in fuel prices.

Baker Hughes announces expansion of Guyanese supercentre facility

7 February 2024

Energy and technology giant Baker Hughes is gearing up for a substantial expansion of its Land of Canaan facility in East Bank Demerara (EBD), Guyana. The company is searching for local contractors for construction and engineering services.

Liza field offshore Guyana to go offline later this year

7 February 2024

ExxonMobil chief financial officer Kathy Mikells has confirmed that the Liza field in the Stabroek Block offshore Guyana is expected to experience some downtime later this year to allow for the implementation of the landmark Gas-to-Energy project.

UK’s Wood secures $80mn contract extension with Equinor for Peregrino offshore Brazil assets

7 February 2024

Wood, the UK-based engineering company, has successfully clinched a two-year contract extension valued at $80mn with Equinor for the maintenance and modification of its Peregrino offshore assets in Brazil

Brazil surpasses 38GW in installed solar energy

7 February 2024

Brazil has achieved a milestone by surpassing 38GW of installed solar photovoltaic energy, comprising large plants and self-generation systems on various surfaces

3R Petroleum hires Itaú BBA for assessment of potential merger with PetroReconcavo

7 February 2024

Brazilian crude oil producer 3R Petroleum has hired bank Itaú BBA as its financial advisor to evaluate the possibility of merging assets with PetroReconcavo

Guyana hires three companies to inspect ExxonMobil's offshore projects

6 February 2024

The Guyanese government has hired three companies to conduct third-party inspections on the operations of ExxonMobil’s floating production, storage and offloading (FPSO) vessels in the Stabroek Block offshore Guyana.

Moody’s expects Red Sea disruptions to cause oil price volatility

6 February 2024

Ongoing tensions in the Red Sea may lead to volatility of oil prices amid trade disruptions in the area and elevated shipping, insurance and freight costs.

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