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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Russian diesel tankers stranded off Brazil's coast amid sanctions-induced bottlenecks
Tankers laden with millions of barrels of Russian diesel find themselves adrift along Brazil's coastline, highlighting the latest snag in Moscow's energy exports amidst tightening Western sanctions.
Guyana to introduce oil spill legislation to boost good governance
The government of Guyana is set to introduce legislation to parliament later this year addressing oil spills, thereby bolstering good governance in the fast-growing oil industry.
Indian buyers cease Venezuelan oil imports ahead of US sanctions deadline
Major Indian purchasers of Venezuelan oil, including Mukesh Ambani’s Reliance Industries Ltd., have ceased their acquisitions from the OPEC producer prior to the expiration of the US sanctions waiver in mid-April.
TotalEnergies sees no viable path for two offshore Suriname discoveries
Suriname’s national oil company Staatsolie has confirmed that TotalEnergies does not foresee pathways to the viable development of its Maka and Kwaskwasi discoveries located in Block 58.
Constellation, Sapura replace thruster at high sea in Brazil’s Laguna Star drillship
In February, Constellation and Sapura executed a groundbreaking operation to replace the thruster at sea on the Laguna Star drillship, which is under contract with Petrobras.
Trinidad and Tobago initiates talks with US for gas project licence, involving Venezuela and BP
Trinidad and Tobago's Energy Minister, Stuart Young, announced on March 21 that discussions have commenced with the US regarding a licence for the collaborative development of a natural gas venture shared with Venezuela, which also involves BP.
PetroChina to receive first Venezuelan crude cargo at Jieyang refinery amid US sanctions relief
PetroChina's Jieyang refinery is set to welcome its inaugural direct crude oil shipment from Venezuela over the upcoming weekend. The supertanker Elysia, carrying 2mn barrels of Venezuelan Merey crude, is scheduled to dock at Jieyang on March 24.
Guyana Shore Base marks 250 injury-free days at gas-to-energy project site
Guyana Shore Base Inc. (GYSBI) has marked 250 consecutive days without any Loss Time Injuries (LTIs) at the Gas-to-Energy (GTE) project site in Wales, West Bank Demerara.
Mexico’s energy transition must combine gas, renewables, says Valia CEO
Narcis de Carreras, CEO of Valia Energia, a private power company in Mexico, stressed the importance of adopting a hybrid approach that combines natural gas and renewable energy sources as Mexico embarks on its energy transition
CNOOC and ExxonMobil file arbitration proceedings against Chevron over Stabroek Block holdings
CNOOC has joined with ExxonMobil to file an arbitration claim against Chevron over its right to acquire the 30% stake in the Stabroek Block offshore Guyana held by Hess Corporation following its acquisition of the company.
Pemex under fire for delayed repairs and methane leaks from offshore platform
Mexico’s national oil company Pemex has faced criticism for deferring urgent repairs and maintenance on a crucial offshore platform, resulting in methane emissions into the atmosphere.
Enauta sells 20% stake in Brazil’s Atlanta and Oliva fields to WAO
Enauta has agreed to sell a 20% stake in the BS-4 Concession, encompassing the crude oil fields of Atlanta and Oliva in Brazil, to Westlawn Americas Offshore for $312mn.
Pemex’s Dos Bocas refinery start-up delayed again
Mexico’s national oil company Pemex has once again adjusted the timeline for the start of commercial production at the Olmeca refinery in Dos Bocas, state of Tabasco.
TechnipFMC inaugurates new location in Guyana
TechnipFMC has inaugurated a new facility in Georgetown, Guyana, signalling its enhanced support for ExxonMobil's offshore endeavours in the region.
Eco Atlantic seeks partner in Orinduik Block offshore Guyana
Eco Atlantic Oil & Gas is looking to welcome a future partner into its Orinduik Block offshore Guyana, offering up to 75% stake in the coveted acreage.
Brazil’s Senate should include R diesel in Green Bill, say fuel importers
Abicom, the association representing fuel importers in Brazil, is advocating for the inclusion of a specific type of diesel, known as R diesel, in Brazil's upcoming renewable fuel legislation.
New Fortress Energy finalises LNG-to-power deal in Brazil
US-based liquefied natural gas company New Fortress Energy has concluded its acquisition of a 1.6-GW capacity reserve contract from Ceiba Energy, strengthening its position as an LNG-to-power company in Brazil.
Petrobras CEO urges passage of Brazil transition laws for clean energy
Jean Paul Prates, the CEO of Brazil's national oil company Petrobras, has said there is an urgent need for Brazil to pass crucial legislation this year to unlock investment in clean energy technologies.
Venezuela climbs India oil-supply rankings
Venezuela emerged as India's fifth-largest crude oil supplier in February, according to trade sources and refiners. Despite a slight dip in March, imports continued at a steady pace compared to the previous month
Private sector losing ground in Mexican LPG market
The private sector is facing challenges in the liquefied petroleum gases market as the national oil company Pemex gains ground on increased domestic output, declining rates of theft, and energy policies favouring the company.
Latin America must speed up CCS regulations, say experts
Energy investors have said Latin America has an urgent need to establish robust frameworks for the development of carbon capture and storage technologies and ensure attractive returns on investment.
Mexico’s energy policies could shift under new president, says Harbour Energy
Following the June 2 presidential election in Mexico, there is potential for the country to revise its energy policies to stimulate increased oil and gas production, according to Gustavo Baquero, Executive Vice President of Harbour Energy.
Petrobras eyes gas exploration off Colombia's Caribbean coast
Brazil's national oil company Petrobras is venturing into promising offshore areas along Colombia's coast, with plans to drill this year that could lead to a significant gas project to supply the Andean country and support exports.
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