LatAmOil - Latin America Oil & Gas

Sales quotas imposed amid Argentinian fuel shortage

Fuel pumps in several regions of Argentina have imposed sales limits after it was reported that Argentina is suffering a fuel shortage. This shortage comes after state-owned energy company YPF raised average fuel prices by 3%.

Chevron to buy Hess for $53bn as majors bet on fossil fuels

In the latest in a series of massive US upstream transactions, Chevron has agreed to buy Hess, a US exploration-and-production independent, for $53bn in an all-stock transaction.

India seeks to diversify energy sources, eyes Venezuelan oil after US sanctions easing

India's future crude-oil imports from Venezuela will be steered by the nation's overarching energy-security policy, as New Delhi explores diversified supply sources to mitigate potential disruptions stemming from geopolitical instability

Mexico’s imports of Asian gasoline rise sharply

Mexico’s imports of Asian gasoline rose sharply in January-September, with China and Singapore exporting more in the nine-month period than the total exports for the entire years of 2020, 2021, and 2022.

LatAmOil: Chevron enters Guyana

Petrobras’ price policy lacks transparency, Acelen says

Acelen, a company controlled by Abu Dhabi’s Mubadala investment fund and the owner of Brazil's largest private refinery, has expressed reservations about Petrobras' pricing strategy, arguing it negatively impacts Brazil's business environment.

Brazil’s natural gas reinjection reaches record high in September

Brazil's natural gas production reached an all-time high in September, resulting in record-breaking reinjection volumes, according to the country's oil-and-gas regulator, ANP Argus.

Chevron buyout of Hess could boost exploration in Stabroek Block

Chevron’s move to buy out Hess could lead to more “adventurous drilling” in Guyana’s Stabroek Block, according to the director of energy for Americas Market Intelligence, Arthur Deakin.

Audits of ExxonMobil will be completed by mid 2024, Guyana VP says

The vice president of Guyana, Dr. Bharrat Jagdeo, has confirmed that the audit of ExxonMobil’s expenses is expected to be up to date by mid 2024. He also said his government will not consider engaging in settlement talks with ExxonMobil.

Brazil’s Ipiranga introduces diesel with renewable content

Petrobras advocates for thorough qualification criteria in offshore wind farm auctions

Mexico restricts imports of petroleum products, petrochemicals

Mexico has imposed import restrictions on a range of petrochemicals and unfinished refined products, citing concerns that these materials are being employed in ways that violate or circumvent tax and fuel-theft regulations.

Woodside Energy awards pipe contract in Mexico to TechnipFMC

Woodside Energy has awarded a contract to manufacture flexible pipe for its Trion crude oil project in Mexico to engineering services firm TechnipFMC. The contract is TechnipFMC's largest flexible pipe award in the Gulf of Mexico to date.

Colombia’s Ecopetrol CEO disputes claims of oil-and-gas industry’s demise

Colombia's oil-and-gas industry is not facing an imminent demise due to the transition to cleaner energy, according to Ecopetrol CEO Ricardo Roa. Ecopetrol has never indicated a discontinuation of its traditional oil-and-gas operations, he says.

Ecopetrol, Shell's Glaucus-1 well confirms large gas reserves in Colombia’s Caribbean

Ecopetrol has confirmed the presence of natural gas in the deep waters of the southern Colombian Caribbean, a pivotal discovery that underscores the importance of the gas reserve in this region of the country.

Petrobras capital reserves earmarked for dividends, CFO says

Brazil’s state-owned energy major, Petrobras, has clarified that the capital reserve it plans to establish will be solely dedicated to paying dividends, according to the firm’s CFO, Sergio Caetano.

Brazil’s congressional debate on future fuel bill overlooking key aspects, business groups say

Brazil’s congress is to debate the federal government's draft Future Fuel Bill, aimed at accelerating the energy transition. Business groups say some key issues in the energy sector have been overlooked in the text.

Brazil advocates ethanol as a viable marine fuel

The movement to promote ethanol as a marine fuel is gaining momentum in the Brazilian energy sector, coinciding with shipowners' growing efforts to identify practical pathways for decarbonizing maritime navigation.

Petrobras’ FPSO Almirante Barroso reaches full capacity in record time

Noble Drilling turns to Guyanese companies for medical support at Stabroek Block

Petrobras’ awards contract to improve spill detections with cloud-based technology

Citgo auction sale begins in Delaware with slim hopes for Venezuela to retain control

Petrobras begins wind measuring tests with unprecedented technology

Petrobras has initiated a round of wind-energy measurements along the coast of Rio Grande do Norte using the upgraded Bravo remote offshore wind assessment buoy, known as version 2.0.

Abu Dhabi’s Mubadala acquires 10% of Brazil's Atvos Bioenergia, a sugar and ethanol producer

Mubadala Capital, the investment arm of Abu Dhabi's sovereign wealth fund, has acquired a 10% stake in Atvos Bioenergia, the holding company that controls a prominent sugar and ethanol producer in Brazil.

In Brazil, BP Bunge’s ethanol gets green certification for sustainable aviation fuel

BP Bunge Bioenergia has been awarded the International Sustainability and Carbon Certification Corsia for its sugarcane-based ethanol meeting international standards for the production of sustainable aviation fuel.