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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Guyana's Stabroek production ramp-up to be further accelerated, says ExxonMobil CEO
ExxonMobil CEO Darren Woods indicated that his company’s production in the Stabroek Block is set to continue accelerating, attributing this mass output to the company’s "design one, build many" concept, emphasising consistency across projects.
Pertamina ventures into Maracaibo Basin, Venezuela, with a potential 12bn barrels of oil reserve
Indonesia's energy giant, Pertamina, is actively developing an oil and gas field in the Maracaibo basin in Venezuela, boasting a significant potential reserve of 12bn barrels of oil
Adding Saudi Arabia to the BRICS to create a commodities powerhouse
The potential inclusion of the United Arab Emirates, Iran, and possibly Saudi Arabia into the BRICS group of nations would create a commodities powerhouse that controls the bulk of global oil and gas deposits, analysts at S&P Global suggest.
Petrobras aims to capture 10% of Brazil's wind, solar market by 2028
Brazil’s state-owned energy major Petrobras aims to secure a 10% share of the centralised wind and solar generation market in the country by 2028
Petrobras receives $368mn earnout from Sepia, Atapu Blocks
Petrobras has confirmed the receipt of $368mn in cash as an earnout for the year 2023 from the investments it has undertaken in the Sepia and Atapu blocks, the Brazilian state-owned energy major said on January 31
LatAmOil: US moving toward revival of oil sanctions on Venezuela
SLB, Equinor achieve autonomous drilling milestone offshore Brazil
Oilfield services and technology company SLB, in collaboration with Equinor, has achieved a groundbreaking milestone in autonomous drilling at the Peregrino C platform offshore Brazil, Offshore Engineer reported on January 30.
Brazil's Bndes bank mulls renewable natural gas projects
A study led by Brazil's national development bank, Bndes, suggests that the country's renewable natural gas sector can see growth through new landfill-fed projects and the utilisation of the existing Cbio carbon credits program
Pemex’s debt maturities at almost $12bn in 2024
Mexico's state-owned energy major Pemex, burdened with significant debt, is expected to allocate approximately 200bn pesos in 2024 to cover the majority of its regular debt payments, according to Deputy Finance Minister Gabriel Yorio.
Concerns arise over potential shortfall in Brazil's Rota 3 Pipeline gas supply
The upcoming start-up of Brazil's Rota 3 natural gas pipeline from the offshore Santos basin, scheduled for this year, is raising concerns among market participants about potential supply shortfalls, Argus reported on January 29.
Venezuela, Iran, discuss cementing energy alliance
Caracas and Tehran have explored avenues to strengthen their energy alliance, Venezuela’s Foreign Minister Yvan Gil said after holding talks with visiting Iranian Oil Minister Javad Owji
Brazil’s LNG imports expected to rise on terminal's commissioning, Petrobras purchases
ExxonMobil Guyana inspects oil response kit in effort to ensure readiness
ExxonMobil Guyana recently conducted a significant preventive maintenance operation on its Oil Spill Response Essential Kit at the GYSBI shore base. This initiative aims to bolster the country's preparedness for potential oil spill incidents.
Guyana allocates $100mn to consulting services for ExxonMobil offshore project
The Government of Guyana has put $100mn toward hiring a consultant to monitor ExxonMobil's seventh development project in the Stabroek Block, Minister of Natural Resources Vickram Bharrat disclosed.
Sentuo Oil Refinery commits to training Guyanese engineers as local demand rises
Sentuo Oil Refinery in Ghana has announced that it will provide training to 12 Guyanese engineers or engineering students annually, lasting for a duration of six months. This comes as the demand for Guyanese engineers rises.
New US policy on LNG permitting will also affect Mexican projects
US-based companies such as NFE and MPL may come under fire for their plans to process Permian basin gas in Mexico for export as LNG.
Russia diesel exports to Brazil at record high in 2023
Guyana daily oil output to hit 600,000 bpd by end of February
Guyana is poised to hit an average oil output of 600,000 barrels per day (bpd) by the close of February, Minister of Natural Resources Vickram Bharrat, announced.
US LNG trade to Asia being slowed by Panama Canal congestion
LNG vessels using the Panama Canal have been suffering lengthy delays according to the International Energy Agency.
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