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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Venezuela threatens force against ExxonMobil over Guyana drilling plans
Venezuela has issued a stern warning of potential force against US energy giant ExxonMobil amid its planned offshore drilling in Guyana, an action deemed in violation of a prior agreement reached in December to refrain from such threats.
Western oil majors ease Venezuela fuel shortages as uncertainty looms over US sanctions relief
Western oil majors, including Chevron Corp. and Repsol SA, are playing a pivotal role in addressing Venezuela's fuel shortages under fresh agreements following the lifting of US sanctions.
MidOcean Energy reaches deal to acquire 20% stake in Peru LNG
MidOcean Energy, an LNG company created and managed by US investment firm EIG, has purchased a 20% stake in Peru LNG, the company revealed on February 12.
Oil and gas companies to invest over $1 trillion in the next decade expanding production
A report from climate campaign group Global Witness reveals that the fossil fuel sector is anticipated to allocate more than $1 trillion worldwide over the next decade for the expansion of natural gas production.
LatAmOil: Pertamina ventures into Venezuela’s Maracaibo basin
Mexico’s gas station regularisation program advances
The Gas Station Regularization Program in Mexico, designed to address environmental impact concerns, has made significant progress, with almost half of the targeted stations undergoing inspection
Mexico’s President's energy reforms likely to be part of the electoral programme
Mexican President Andres Manuel López Obrador has officially introduced a package of reforms, including significant changes to the energy sector, formally submitting his intention to dissolve autonomous regulators CRE and CNH.
Pemex aims to practically halve its emissions by 2027
Pemex has said it will aim to practically halve its greenhouse gas emissions by 2027
Pemex, CFE financials jeopardise Mexico’s sovereign credit rating.
US credit rating agency S&P has maintained Mexico's long-term foreign currency and local currency sovereign credit ratings at 'BBB' and 'BBB+', respectively, with a stable outlook, but warned state-owned energy major Pemex and utility CFE
Mexico unveils climate change reports aiming to enhance transparency
Rio de Janeiro aims for free natural gas market amid growing demand
The state of Rio de Janeiro in Brazil is actively seeking to develop its free natural gas market, responding to increasing demand in the coming decade and challenges in Brazil's gas agenda
ExxonMobil to write off Kaieteur expenses following withdrawal
Petrobras mulls projects with Gulf, Indian, Chinese, and Venezuelan firms
Brazil’s state-owned energy major Petrobras is engaged in discussions with national oil companies from China, India, and the Middle East
Guyana's revenue from oil production expected to increase as ExxonMobil recovers costs
Guyana is poised to experience a substantial surge in its oil revenues by 2026/2027, fuelled by the ExxonMobil-led Stabroek Block consortium's ongoing efforts to recover its significant investments in offshore exploration and development.
Venezuelan oil industry on edge as US sanctions threat looms
ExxonMobil output offshore Guyana exceeds 650,000 bpd
ExxonMobil Guyana Director Alistair Routledge announced in a press conference that the company is now producing over 650,000 barrels of oil per day (bpd) from three vessels in the Stabroek Block—Liza Destiny, Liza Unity, and Prosperity.
ExxonMobil outlines Guyana exploration plans for 2024
Mexico’s outgoing President proposes 20 social, environmental, and political reforms
Guyana announces clean energy achievements and future plans in hinterland communities
The Guyana Energy Agency announced its progress in advancing clean energy electrification projects throughout hinterland communities in 2023 to showcase its commitment to sustainable development and renewable energy adoption across the nation.
Fuel prices expected to surge in Argentina as tax cap lifted
The Argentine government has decided to remove the liquid fuel (ICL) and carbon dioxide (IDC) taxation cap that has been in force since 2021, thereby sparking consumers’ fears of a 10% to 15% surge in fuel prices.
Baker Hughes announces expansion of Guyanese supercentre facility
Energy and technology giant Baker Hughes is gearing up for a substantial expansion of its Land of Canaan facility in East Bank Demerara (EBD), Guyana. The company is searching for local contractors for construction and engineering services.
Liza field offshore Guyana to go offline later this year
ExxonMobil chief financial officer Kathy Mikells has confirmed that the Liza field in the Stabroek Block offshore Guyana is expected to experience some downtime later this year to allow for the implementation of the landmark Gas-to-Energy project.
Colombia’s Ecopetrol reports sharp reduction in emissions
UK’s Wood secures $80mn contract extension with Equinor for Peregrino offshore Brazil assets
Wood, the UK-based engineering company, has successfully clinched a two-year contract extension valued at $80mn with Equinor for the maintenance and modification of its Peregrino offshore assets in Brazil
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