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 GranBio, US’ Honeywell to jointly produce SAF
Petrobras aims to drill for oil near Amazon Mouth in 2024
The CEO of Petrobras has said the Brazilian state-owned energy major’s plans for oil-and-gas exploration in the Equatorial Margin would include exploratory drilling near the mouth of the Amazon river in 2024.
Brazil’s Centre-South ethanol production up in H2 September
IMF projects rapid economic growth for Guyana amid soaring oil output
In its latest World Economic Outlook report, the International Monetary Fund projected that Guyana’s economy is set to grow by 38.4% in 2023. Should this figure prove accurate, Guyana would be the fastest-growing country this year.
Argentina appeals US court ruling requiring $16bn payment to YPF shareholders
Argentina has launched an appeal against a New York court's recent verdict that mandated the country pay nearly $16.1bn to two corporations left uncompensated during the nationalisation of oil behemoth YPF in 2012.
IMF projects rapid economic growth for Guyana amid soaring oil output
IMF projects Guyana’s economy to grow by impressive 38% in 2023
Suriname ringfences first oil project in effort to avoid Guyana's mistake
Suriname has included ringfencing in its petroleum agreement with oil company TotalEnergies for the country’s first oil project at Block 58.
Guyanese natural resources minister demands disciplinary action over mishandled ExxonMobil audit
Guyana’s Minister of Natural Resources, Vickram Bharrat, has called for disciplinary action to be taken after the claims against ExxonMobil were heavily reduced following an audit of the company
Suriname and Dominican Republic sign MoU over oil exploration
Suriname President Chandrikapersad Santokhi and Dominican Republic President Luis Abinader signed a memorandum of understanding offering the Dominicans the opportunity to invest in Surinamese oil exploration.
Will Brazil boost gas imports again in response to drought?
Rain shortages in northern Brazil have led the government to stockpile fuel for diesel generators.
Venezuela-US thaw points to new sanction waivers and sparks resumption of Maduro-opposition talks
Brazil’s CCS sector demands clear regulatory framework
Petrobras’ refineries post highest utilisation rate since 2014
Petrobras’ refineries utilisation rate stood at 97% in September for the second consecutive month, the Brazilian state-owned energy major reports.
Brazil’s inflation up to 5.19% in September on rising fuel costs
Brazil’s annual rate of inflation rose to 5.19%, up from 4.61% in August, as transport costs increased, the country's statistics office reports.
Pemex denies reports of free oil deliveries to Cuba
Mexico’s national oil company, Pemex, has denied allegations that it is supplying crude oil to Cuba without charge.
AES and Canada’s Seaspan to supply LNG to vessels transiting Panama Canal
AES to partner with Canada's Seaspan to supply LNG as maritime fuel to vessels utilising the Costa Norte LNG terminal in Panama.
Trinidad and Tobago launches Shallow Water Competitive Bidding Round 2023
Trinidad and Tobago’s Ministry of Energy and Energy Industries (MEEI) has launched a licensing round covering 13 shallow-water blocks in the offshore zone.
Guyana may use bridge financing temporarily for Gas-to-Energy project
Guyana is set to make use of bridge financing to keep its Gas-to-Energy project afloat while awaiting authorisation of a US $646mn loan that it applied for from the United States EXIM Bank.
Ecopetrol subsidiary asks US judge for help in securing payments from CB&I
A downstream subsidiary of Colombia’s Ecopetrol has asked a US federal judge for help in securing payment from CB&I on $1.7bn worth of outstanding obligations.
SGP Bioenergy set to make final investment decision on $7bn Panama’s Golden City biorefinery.
Golden City Biorefinery, a ground-breaking $7.7bn project in Panama dedicated to the production of advanced biofuels, is poised to make its final investment decision in the fourth quarter of the upcoming year.
Pemex’s financial woes increase over Lopez Obrador’s term
Brazil’s Petrobras eyes Venezuela expansion, assesses Chevron’s return
Petrobras, the Brazilian state-controlled oil giant, is examining Chevron's resumption of operations in Venezuela and considering re-establishing its own presence in the oil-rich country, Petrobras CEO Jean-Paul Prates said.
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