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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New Fortress Energy mulls onshore LNG export terminal in Mexico
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
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
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
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
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
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
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
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
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
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%
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
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
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
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
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%
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.
Brazil’s Minas Gerais state to pass binding mandate for ethanol use in public fleet
In an effort to boost demand for ethanol, the chamber of deputies of Brazil’s state of Minas Gerais has introduced a bill suggesting that heads of public agencies opt to fuel their flex-fuel vehicles with hydrated ethanol.
Stabroek Block partners initiate purchase of Liza Unity FPSO
Hess indicated in its Q3 earnings report that the company and its partners in Guyana’s offshore Stabroek Block are in the process of purchasing the Liza Unity floating production, storage and offloading vessel.
Petrobras selling full 18.8% stake in electricity utility UEGA
Female-led Guyanese company wins two oil blocks in nation's first auction
Female-led Sispro has been awarded two blocks in Guyana’s first-ever oil block auction. Of all 14 bids, the Guyanese company was the only individual bidder, with all other submissions coming as part of a consortium.
Suriname to leverage oil revenues to manage debt
Suriname will issue oil-linked securities to its creditors, whereby they will receive a portion of the royalties the country expects to generate from its first offshore oil development in Block 58.
Guyana announces significant discovery in Lancetfish-2 well in Stabroek Block
A “significant discovery” has been made in the Lancetfish-2 appraisal well drilled in the offshore Stabroek Block by the ExxonMobil-led consortium, Guyana’s energy ministry has announced.
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