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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Trident awards Trendsetter Engineering contract for subsea manifolds in Brazil
US-based Trendsetter Engineering has secured a new project for two offshore oil fields in Brazil, following its market entry with new facilities in Macaé.
G&A Investments pursues $1.5bn claim against PDV Holding in Texas court amid Citgo auction
G&A Strategic Investments, a creditor of Venezuela, has initiated legal action in Texas to reclaim $1.5bn from defaulted promissory notes issued by PDVSA, Venezuela's state oil company, targeting US-based Citgo parent PDV Holding.
BP to acquire Bunge's stake in Brazilian biofuels joint venture
Bp has agreed to purchase Bunge’s 50% stake in their joint venture, bp Bunge Bioenergia, one of Brazil’s leading biofuels producers.
Petrobras mulls offshore wind pilot project near Rio de Janeiro
Brazil’s national oil company Petrobras has signed a protocol of intentions with the Rio de Janeiro state government to jointly conduct feasibility studies for an offshore wind pilot project.
Petrobras agrees to pay BRL19.8bn in back taxes, propping up federal budget
Brazil's national oil company Petrobras has reached an agreement to settle BRL19.8bn in back taxes with the federal government.
Oil and gas majors make progress on OD OBN geophysical monitoring systems project
The On Demand Ocean Bottom Node project in Brazil, which aims to usher in a new era of geophysical monitoring systems for the offshore oil and gas sector, has advanced into its second phase.
Brazil’s rig provider Foresea achieves record operational uptime, announces first dividend payment
Rig provider Foresea has its entire fleet contracted, having achieved an operational uptime of 98.2% in 2023, the highest in the Brazilian market.
Enauta suspends production at Brazil’s Atlanta field for final phase of new FPSO anchoring
Brazilian oil and gas company Enauta has temporarily halted production from the Petrojarl I floating production storage and offloading unit to carry out necessary equipment maintenance and modifications after inspections at the Atlanta field.
Brazil's environmental agency could decide soon on Petrobras’ Equatorial Margin exploration
The head of Brazil's environmental agency Ibama, Rodrigo Agostinho, said a decision about national oil company Petrobras request for exploratory studies in the Equatorial Margin could come soon.
US firms plan major energy investments in Ecuador amid regulatory challenges
Two US-based private firms linked to Arkose Energy Corp. are eyeing investments in Ecuador, targeting energy projects for cigarette lighter gas and photovoltaic sources.
Surinamese CEO calls on local companies to meet international business standards
CEO of Haukes Construction Company Suraya Jiawan-Nanan called on local businesses in Suriname to elevate their practices to meet international requirements.
Guyana's PSC calls for resolution of late oil and gas company payments
The Private Sector Commission of Guyana voiced concerns about payment delays from oil and gas companies, calling for essential reforms to ensure timely transactions.
Arrow exploration achieves milestone with first Ubaque horizontal well in Colombia
Arrow Exploration has provided a comprehensive update on its operational activities, focusing on the Carrizales Norte field within the Tapir Block in the Llanos Basin.
Neuquen's asphaltite extraction have steady growth, finds diverse industrial applications
Venezuela's imminent loss of Citgo – an existential crisis
Venezuela stands on the brink of losing one of its most prized assets, Citgo Petroleum Corp., following a protracted legal battle in the US grounded in the country's tumultuous economic and political history.
Petrobras CEO again touts Equatorial Margin, laments lack of progress
Petrobras' newly appointed CEO, Magda Chambriard, has said that the company lost 10 years by not exploring the Equatorial Margin.
Cash-strapped Bolivia hopes to transport gas from Argentina to Brazil
Bolivian state-owned oil company YPFB is preparing to facilitate the transport of natural gas from Argentina's Vaca Muerta field to the Brazilian market.
Venezuela's National Assembly convenes amidst Citgo US seizure controversy
Venezuela's National Assembly convened for its regular session on June 18, addressing the contentious issue of the US court-mandated auction sale of PDVSA-owned Citgo Petroleum and subsequent sanctions that have crippled the country's economy.
Venezuela's National Assembly mulls extending Chevron-PDVSA venture to 2047
Venezuela's National Assembly initiated discussions on June 17 regarding a proposal to extend a contract between state-run oil company PDVSA and US energy behemoth Chevron until 2047, aiming to prolong their joint venture allowed by a US waiver.
Trinidad and Tobago oil production drops by 11% in first quarter of 2024
Trinidad and Tobago's oil output fell by 11% y/y in the first quarter of 2024, data from the Ministry of Energy and Energy Industries showed.
Guyanese legislation provides boost to local oil sector companies
Local Guyanese companies in the oil sector received a significant boost with a new policy doubling the emphasis on local content in bid evaluations from 5% to 10%.
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