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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Guyana frames strategy to monetise vast gas resources
The government of Guyana plans to issue Requests For Proposals (RFP) aimed at implementing the country’s gas strategy, President Irfaan Ali confirmed.
Milei moves to deregulate Argentine oil market
Argentine President Javier Milei has submitted legislation to Congress aimed at deregulating the Argentine economy, with a specific focus on crude exports and removing government intervention over fuel prices.
Venezuelan oil alters dynamics in Asian markets as US sanctions ease
In the aftermath of the recent easing of US sanctions on Venezuela, a fleet of supertankers carrying Venezuelan fuel is poised to impact the dynamics of Asian energy markets.
Trading firms supply Venezuela’s PDVSA with fuel and diluents after US sanctions relief
ExxonMobil remains focused on developing Guyanese oil resources amid border dispute
ExxonMobil remains focused on developing its hydrocarbon resources offshore Guyana, keeping in line with the government's energy development objectives, despite the ongoing border dispute with Venezuela.
Chevron triples crude production in Venezuela to 150,000 bpd amid sanctions relief and regional tensions
Chevron has successfully tripled its crude production in Venezuela to 150,000 barrels per day following last year’s first sanctions waiver granted by Washington, according to chief executive Mike Wirth.
Chevron CEO believes Guyana-Venezuela dispute will not devolve into military conflict
Chevron Corp.'s CEO Mike Wirth expressed his belief that the border dispute between Venezuela and Guyana is unlikely to escalate into a military conflict
ExxonMobil doubles down on commitment to Guyana amid border tensions
Guyana earns $90 million in 14th oil lift of 2023
CGX and Frontera promise oil production at Guyana's Corentyne Block by 2030
CGX Energy and Frontera Energy, partners in the Corentyne Block offshore Guyana, have announced their intention to begin oil production at the offshore block by 2030.
Output at Pemex’s Ku Maloob Zaap field falls nearly 30%
Ku Maloob Zaap, a field currently contributing nearly 40% to Mexico’s state-owned energy major Pemex’s output, has experienced a significant decline of 28.5% in production capacity.
Venezuela’s PDVSA resumes India oil exports after three-year hiatus
Venezuela’s Maduro reiterates rejection of ICJ jurisdiction on Essequibo ahead of talks with Guyana
BrasFELS shipyard secures contract for modules for Brazil FPSO
BrasFELS Shipyard has clinched a significant contract from Offshore Frontier Solutions to make some sections of the topside modules for a floating production storage and offloading (FPSO) vessel for the Raia project in Brazil.
Brazil’s FPSO Pioneiro de Libra marks six years of production
The FPSO Pioneiro de Libra (PDL), a joint venture between Altera and Ocyan, has completed six years of operation coinciding with the 17th anniversary of the discovery of the Brazilian pre-salt reserves.
Brazil joins OPEC+ as advocate for green transition, says Lula
Brazil has announced its intention to join the OPEC+ alliance with the aim of encouraging other oil-producing nations to transition towards more sustainable alternatives, according to President Luiz Inacio Lula da Silva.
Brazil’s ethanol industry aims for global expansion
The Brazilian sugarcane industry association, Unica, and the foreign trade agency, ApexBrasil, plan to invest BRL19.5mn ($3.9mn) to present ethanol as the most viable path to phasing down fossil fuels.
Guyanese oil production continues as usual amid border dispute
Guyana's oil majors are continuing oil production as usual despite escalating tensions with Venezuela over the disputed Essequibo region, Guyanese President Irfaan Ali confirmed.
Venezuela seeking to reactivate gas field near Guyana border
Venezuela has entered into talks with energy companies over the reopening of the Plataforma Deltana gas field near its border with Guyana.
Guyana emerges as global leader in oil reserves per capita, IMF report finds
Guyana has emerged as a global leader in oil reserves per capita, the International Monetary Fund (IMF) confirmed in its report on the country, with over 11bn barrels of commercially recoverable petroleum.
Guyana to unveil gas strategy, aiming to turn into regional integration hub
Guyana's President, Irfaan Ali, confirmed that regulators are in the process of finalising the nation’s gas strategy, adding that a two-week consultation period was being conducted with a draft soon to be presented to the public for review.
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