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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Oil prices defy analysts’ expectations and fall rather than rise after the outbreak of the Israeli-Hamas war

8 November 2023

The oil price defied analysts’ expectations and fell rather than rose after the outbreak of the Israeli-Hamas war on October 7. A month later, despite a 3.7% drop in the price of a barrel of Brent, its value has returned to pre-war levels.

African Energy Chamber urges Guyana to maximise hydrocarbon production

7 November 2023

Speaking at the AfriCaribbean Trade and Investment Forum, African Energy Chamber executive chairman NJ Ayuk urged Guyana to fully produce its hydrocarbon reserves in order to drive the country’s economic development.

Guyanese government seeks public approval before finalising gas monetisation strategy

7 November 2023

The Guyanese government has released a “discussion paper” to gauge the opinions of the public before proceeding with its national gas strategy involving the monetisation of the country’s gas reserves.

Petronas makes significant oil discovery offshore Suriname

7 November 2023

Malaysian state oil company Petronas announced that it made a significant oil discovery within the Roystonea-1 exploration well offshore Suriname. Petronas explained that an oil reservoir was found in Roystonea-1.

Brazil’s posts record high oil, gas production in September

7 November 2023

Brazil posted in September record-breaking total production of oil and natural gas production as well as separate records for oil and natural gas production, Brazil Energy Insight reported on November 3.

Argentina exploring use of natural gas to power Bitcoin mining

7 November 2023

Argentina’s Economy Minister and presidential candidate Sergio Massa has expressed an interest in using untapped natural gas from the Vaca Muerta shale formation to power bitcoin mining operations

New Fortress Energy mulls onshore LNG export terminal in Mexico

7 November 2023

The announcement follows a letter dated October 30 sent to New Fortress by the US Department of Energy (DOE), which notified the company that their existing gas-export permit did not encompass the operation of an onshore facility.

MODEC and SBM Offshore fight to secure Suriname's first FPSO contract

6 November 2023

SBM Offshore and MODEC are competing in a bidding war to secure the contract for Suriname’s inaugural floating production, storage, and offloading (FPSO) vessel, which will produce 200,000 barrels of oil per day.

SBM Offshore issues requests for information ahead of further Guyanese operations

6 November 2023

SBM Offshore Guyana has issued several requests for information as it prepares to bring its third oil-production vessel in the country online before the end of the year.

Light Structures to equip Brazil-bound FPSOs with hull monitoring systems

6 November 2023

Light Structures will provide its SENSFIB hull stress monitoring systems for two floating production storage and offloading (FPSO) units commissioned by Petrobras, destined for operations in Brazil.

Petronas discovers oil-bearing layers in well offshore Suriname

3 November 2023

Surname’s state oil firm, Staatsolie, confirmed that Malaysian counterpart Petronas discovered several oil-bearing layers in an exploration well off the South American nation’s coastline.

Petrobras reports new crude discovery in Santos Basin's Sagitario prospect

3 November 2023

Petrobras has discovered crude oil reserves at the Sagitario prospect, located in block S-M-623 in the Santos Basin. The discovery was identified during drilling at a well situated at a water depth of 1,866 metres in the pre-salt region of the basin.

New Fortress Energy may need to reapply for Mexico LNG project permit, says US

3 November 2023

The US Department of Energy has issued a warning to New Fortress Energy, stating that if any component of its Altamira floating LNG project is situated on Mexican soil, the company will have to resubmit its its application for an export permit.

Brazil’s São Martinho to produce biomethane at Santa Cruz

2 November 2023

Sugar and alcohol company São Martinho has unveiled plans to construct a biomethane plant in conjunction with the Santa Cruz sugar cane factory, located in Americo Brasiliense in the state of Sao Paulo.

Argentina's fuel supply edges back to normal ahead of price increase

2 November 2023

Argentina’s fuel supply is gradually returning to normal levels, adding to hopes that the national fuel shortage over the weekend will be overcome.

Argentine government pushes oil companies to end fuel shortages ahead of presidential run-off

2 November 2023

Argentine Economy Minister and presidential candidate Sergio Massa is calling on oil companies to ramp up distribution in order to overcome the ongoing fuel shortage.

Brazil’s Petrobras to boost Regap refinery capacity by over 50%

2 November 2023

Petrobras has announced an investment of BRL2.0bn ($397mn) at its Gabriel Passos Refinery, commonly referred to as Regap, aiming to increase capacity by 53%, the Brazilian state-owned energy major said on October 30.

Brazilian offshore activity could affect US’ OSV Fleet

2 November 2023

The Brazilian offshore oil and gas sector is experiencing increased activity, and this surge may have a positive influence on the market recovery for offshore supply vessels in the US Gulf of Mexico, Offshore Engineer reported on November 1.

Argentina may cut fuel exports amid shortage, Massa warns

1 November 2023

Sergio Massa, Argentina's economy minister and a presidential candidate, has warned that the country may bar oil producers from exporting if they don’t do enough to increase the local supply amid a national fuel shortage.

Petrobras to use carbon credits to offset gasoline emissions

1 November 2023

Brazil’s state-owned energy major, Petrobras, is to utilise the 175,000 carbon credits it acquired in September to offset the carbon emissions generated by approximately a year's supply of its premium gasoline.

Brazilian MPs set up caucus to lobby for oil, gas sector

1 November 2023

Brazilian MPS have formed a caucus to lobby for the interests of the oil-and-gas industry, which is mostly controlled by state-owned energy major Petrobras. The caucus supports exploration near the mouth of the Amazon.

Petrobras' Q3 output hits record highs, capacity utilisation at 96%

1 November 2023

Brazil's state-owned energy major, Petrobras, posted record high production in the third quarter, helped by a healthy increase in its pre-salt output. Production stood in Q3 at 3.98mn barrels of oil equivalent per day, up 7.8% from Q2.

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