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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Brazil’s Maha Energy acquires 5% of oil, gas producer 3R Petroleum
Maha Energy has acquired 5% of oil and gas producer 3R Petroleum via a secured derivative instrument that gives the purchaser exposure to 11,999,248 3R Petroleum shares, with a total investment of approximately $69mn.
Guyana on track to becoming largest non-OPEC oil producer by 2027
Guyana’s Finance Minister Ashni Singh stated during his 2024 budget reading that Guyana is on track to becoming the biggest non-OPEC oil and gas producer.
US Treasury grants Citgo temporary reprieve amidst auction proceedings
The US Treasury Department announced on January 16 the extension of temporary protection for Citgo Petroleum, shielding it from creditors until mid-April.
Venezuelan National Assembly establishes commission to probe “Citgo assets theft” by opposition
Stabroek Block produced 143 million barrels in 2023
Guyana, India near agreement to speed oil exports
Mexico’s energy regulator CRE publishes guidance on regularisation of fuel dispensers
US LNG exports to Asia stymied by Panama Canal drought, Red Sea attacks
LNG exports from the US to Asia are facing longer journeys because of limited shipping through the drought-stricken Panama Canal and Houthi attacks on cargo ships in the Red Sea.
US imports first shipment of Guyana's Payara Gold crude
Former Petroecuador trade head alleges bribery by global commodity giants in New York trial
Mexico Pacific inks additional long-term sales and purchase deal with ExxonMobil
LNG developer Mexico Pacific agreed with US oil major ExxonMobil to an additional long-term sales and purchase agreement on January 16 for a further 1.2mn tonnes per year of LNG from its Saguaro Energia project.
NewsBase: Climate-fuelled shipping bottleneck in Panama compounds impact of Red Sea troubles
The climate-fuelled shipping bottleneck at the Panama Canal is compounding the impact of security problems in the Red Sea.
Venezuelan opposition-led PDV navigates talks with Citgo creditors amidst looming US auction risks
New jacket and topsides en route to Fenix gas project offshore Argentina
Italian engineering firm Rosetti Marino has completed the construction of a jacket and topside for the Fenix wellhead platform, being used in TotalEnergies’ Fenix gas development project off the coast of Tierra del Fuego in southern Argentina.
Guyana seeks partners for building country's gas infrastructure
Guyana’s Ministry of Natural Resources has released a request for proposals in search of companies to support the design, construction, finance and operation of the nation’s gas infrastructure.
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