LatAmOil - Latin America Oil & Gas

Oil & Gas

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 grants fuel import permit to startup amid industry challenges

9 May 2024

Venezuela has granted a permit to a small startup to import fuels, a move indicating a shift in its traditionally closed fuel market as the country grapples with refinery struggles and US sanctions.

Fight over Stabroek stake could drag into 2025

9 May 2024

ExxonMobil’s CEO has publicly said the dispute with Chevron over Hess’ Guyana oil assets could last until 2025.

Petrobras to boost oil output with Marlim Field revitalisation, aims to tender two FPSOs in H2

9 May 2024

Petrobras expects a significant boost in its accumulated production through the revitalisation project of the Marlim field in the Campos Basin, for which it will launch two floating production, storage, and transfer units (FPSO) tender offers in H2.

Mexico’s high-sulphur fuel oil output, exports surge in March

9 May 2024

Mexico’s national oil company (NOC) Pemex’s output of high-sulphur fuel oil (HSFO) continued to surge in March, posting record-breaking exports.

Pemex provides nearly $400mn in fuel sales to crisis-hit Cuba

9 May 2024

Mexico's national oil company (NOC) Pemex facilitated $380mn in crude oil and fuel sales to the Cuban beleaguered economy during the latter half of 2023.

US Transocean signs extension at record dayrate for Gulf of Mexico work

9 May 2024

Deepwater driller Transocean has inked yet another extension surpassing the $500,000 dayrate threshold for operations in the US Gulf of Mexico.

Chevron treads cautiously in Venezuela amid regulatory shifts

8 May 2024

US oil behemoth Chevron is opting for a cautious stance regarding new capital expenditure in Venezuela in light of newly reimposed sanctions, despite being allowed to operate in the country by a separate licence issued in November 2022.

Venezuelans grapple with the paradox of inflation despite stable rates

8 May 2024

Venezuela is facing the paradox of inflationary stability coupled with dwindling purchasing power, as citizens struggle to afford basic food items despite a relatively stable inflation rate.

Argentina's PCR discovers oil in Southwest Ecuador, plans extended testing

8 May 2024

Argentina's Petrochemical Comodoro Rivadavia SA, operating via its subsidiary PCR Ecuador, has uncovered oil reserves in the 90-Sahino petroleum block located in southwest Ecuador.

Venezuela's oil exports to US surge amid sanctions limbo

8 May 2024

Fresh data from the United States Energy Information Administration has unveiled a remarkable uptick in Venezuela's oil exports to the US, surging to an average of 142,000 bpd in February ahead of last month's reimposition of sanctions.

US grants licence to Maurel & Prom, allowing Venezuela operations despite sanctions

8 May 2024

The French oil company Maurel & Prom secured a pivotal victory as the United States issued an ad-hoc licence permitting its continued operations within Venezuela, despite the recent reimposition of US sanctions on the country’s crude exports.

Argentine provincial governments agree to expansion of Andean gas pipeline

8 May 2024

On Friday, May 3, the Argentine National Energy Secretariat and the governments of the provinces of Neuquén, Río Negro, and Chubut signed a framework agreement for the expansion of the Andean gas pipeline.

Touchstone Exploration moves to acquire Trinity Exploration and Production

7 May 2024

Canadian oil and gas firm Touchstone Exploration is moving to acquire all ordinary share capital in Trinity Exploration and Production; a company with all of its onshore and offshore assets based in Trinidad and Tobago

India's Reliance Industries likely seeks authorisation from US to import Venezuelan crude

7 May 2024

India’s Reliance Industries is likely once again seeking a licence from the US authorities to conduct business with Venezuela

Guyana government advisor asserts $10bn in investments needed to advance oil and gas industry

6 May 2024

Chairman of the Wales Development Authority and advisor to the government of Guyana, Asgar Ally, claimed that Guyana will need at least $10bn in investments to unlock the full potential of its oil and gas industry.

Mexico's pursuit of refining independence shows progress

6 May 2024

Mexico's six-year push to bolster refinery output and reduce reliance on US oil imports is yielding results, yet its sustainability remains uncertain.

ExxonMobil to optimise Liza 2 and Payara production offshore Guyana

6 May 2024

ExxonMobil Guyana President Alistair Routledge outlined strategic measures to boost production efficiency at two vital projects within the Stabroek Block - Liza 2 and Payara - through debottlenecking initiatives.

Brazil’s Embraer counters report of new jet, denies major capex plan

6 May 2024

Brazil's Embraer has denied a report on The Wall Street Journal stating the company was exploring options for a narrowbody jet to break out of its regional niche and "compete head-on" with the best-selling Boeing 737 MAX and Airbus A320neo families.

Brazil must ramp up efforts to increase natgas supplies, says minister

6 May 2024

Brazil’s Minister of Mines and Energy, Alexandre Silveira, has said the country’s national oil company Petrobras must ramp up efforts in augmenting natural gas supplies and reducing prices to aid the nation’s industrial resurgence.

Petrobras delivers first gas production from Santos Basin FPSO

6 May 2024

Brazil’s national oil company Petrobras has initiated gas production through the P-68 platform, servicing the Berbigão and Sururu fields in the Santos Basin offshore Brazil.

BW Energy finalises acquisition of FPSO for Brazilian field deployment

6 May 2024

Norwegian FPSO operator BW Offshore has successfully concluded the sale of a floating production, storage, and offloading (FPSO) vessel to BW Energy.

MODEC and JGC Corporation complete GHG emissions assessment for FPSOs in Brazil

6 May 2024

MODEC and JGC Corporation have concluded a pioneering project aimed at measuring and quantifying emissions of methane and other greenhouse gases from floating production storage and offloading vessels off the coast of Brazil.

Edited by

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