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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Peru's hydrocarbon production holds steady amidst sector challenges
Hydrocarbon production in Peru maintained stability in the first half of 2024, as reported by Petro-Perú in its latest update.
Bolivia unveils gas “mega field”, historic discovery to boost economy
Bolivia has announced a significant discovery of a 1.7 trillion cubic foot natural gas reserve, marking the country’s largest find since 2005.
Brazil gears up for hydrogen regulation
Brazil’s Petroleum Agency (ANP) is preparing to regulate the hydrogen market, but a lack of resources may hinder these efforts.
Pemex expands Atoyatl pipeline network for enhanced production
In a strategic move to advance its operations, Pemex has announced updates to its Transition Program concerning the Atoyatl Field, located within the AE-0149-2M-Uchukil Assignment off the coast of Tabasco.
Argentina's biofuels sector presses for price adjustments amid economic shifts
The biofuels sector, grappling with recessionary pressures and recent leadership changes in the energy realm, particularly the shift from Fernando Vilella to Sergio Iraeta as Secretary of Bioenergy, faces significant challenges.
Vista Energy reports strong growth in production and financial performance
Vista Energy, Argentina's second-largest unconventional oil operator, announced robust figures in its quarterly report, highlighting a 40% annual increase in total production to 65,300 barrels of oil equivalent per day.
Timing of Chevron, Hess FTC merger review uncertain
Chevron Corp and Hess Corp have announced that they expect the Federal Trade Commission’s (FTC) review of their proposed merger to be conducted in the third quarter. The companies announced the expected timing in a statement on July 11.
BP: oil demand and emissions will peak in 2025
Oil super major BP's latest outlook on global energy trends suggests a potential peak in worldwide oil demand as early as next year, a development that could mark a significant turning point in global carbon emissions by 2025.
Protests erupt in Ecuador over fuel price hike
Ecuadorian social organisations aligned with the leftist Popular Front once again disrupted streets in Guayaquil on July 15 to protest over the recent hike in fuel prices.
Global oil supply to continue outstripping demand in H2: IEA
Global oil demand in the second half of this year will be higher than supply, putting upward pressure on prices.
Potential delays loom for FPSO Atlanta's start up in Brazil
Brazilian oil and gas firm Enauta has completed anchoring the floating production storage and offloading unit Atlanta at the Santos Basin field, offshore Brazil, but production might face delays due to announced strikes by civil servants.
CIMC secures contracts to build hulls for Seatrium's FPSOs for Petrobras
CIMC Raffles has been awarded engineering, procurement, and construction contracts by Seatrium to supply hulls for two floating production storage and offloading units for Brazil’s national oil company Petrobras.
Brazil looks at shale gas to boost production
Shale gas is becoming a focal point in Brazil's strategy to enhance its hydrocarbon reserves, with officials from various federal agencies visiting Texas recently to learn more about shale gas extraction.
Vista Energy boosts oil income amid Argentina's industry reforms
Shale driller Vista Energy has begun charging export prices for over 40% of its crude sold to domestic refiners in the second quarter; a result of Argentine President Javier Milei's efforts to deregulate the country's oil markets.
ExxonMobil to drill up to 30 wells in Hammerhead project offshore Guyana
ExxonMobil is gearing up for its seventh oil project in Guyana, unveiling plans for up to 30 wells under the Hammerhead development proposal, Reuters reported.
The world needs $8.2 trillion in upstream gas investment to meet demand in 2050: GECF
Meeting projected global demand for natural gas in 2050 will require some $8.2 trillion in investment in exploration and production.
Suriname draws multiple bids in shallow water auction round
Suriname’s shallow water bidding round has closed, with national oil company Staatsolie confirming that several bids were received with awards originally expected to be announced on June 28.
Manatee project expected to lift Trinidad and Tobago's gas levels to 2022
Trinidad and Tobago’s former Energy Minister, Kevin Ramnarine, cautioned that the Manatee gas development will have a limited impact on enhancing the country’s liquid natural gas production.
ENGIE, Macquarie partner for major gas pipeline project in Mexico's Yucatan
ENGIE and Macquarie Asset Management have forged a landmark partnership to undertake a significant energy infrastructure project in Mexico's Yucatan Peninsula: the construction of a more than 700-kilometre gas pipeline.
Argentinian YPF aims to achieve energy exporter status by 2031, projecting $30bn in revenue
YPF President Horacio Marín announced at the XI Energy Conference that Argentina aims to become a net energy exporter by 2031, projecting revenues of $30bn.
Petroecuador blames fuel supply halt in Manabí on pipeline sabotage
Ecuador's state oil company, Petroecuador, announced that fuel distribution from the Barbasquillo terminal has been halted due to damage caused by clandestine drilling on the La Libertad-Manta pipeline.
Venezuela's oil production reaches 2024 high in June, OPEC reports
Venezuela's crude oil production hit its highest level so far this year in June with 922,000 bpd, according to a monthly report released by the Organisation of Petroleum Exporting Countries (OPEC) on July 10.
Brazil's Acelen forms joint venture for $97.5mn solar project in Bahia to supply refinery
Brazilian energy company Acelen, owned by UAE's Mubadala Capital, announced a joint venture to invest BRL530mn ($97.5mn) in a solar park in João Dourado, Bahia. The energy generated will supply the Mataripe Refinery, 420 km away in São Francisco do C

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