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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COP28: vague and voluntary promises
To say that COP28 in Dubai has been eagerly awaited would be an understatement.
Brazil commits to methane reduction regulations by 2025
Brazil has pledged to introduce regulations aimed at reducing methane emissions from the oil and gas sector by the end of 2025. The announcement was made at the UN COP28 climate summit's Global Methane Pledge Ministerial.
Petrobras mulls Middle East unit to strengthen OPEC+ ties
Brazil's state-owned energy major Petrobras is exploring the possibility of opening a Middle East unit to strengthen commercial ties in the Persian Gulf region as the country prepares to join OPEC+'s cooperation charter.
Woodside and Mexico Pacific finalize 20-year LNG sales agreement
Brazil’s regulator ANP authorises biodiesel imports in January
Brazil commits to $40bn worth of investments in biofuels by 2037
Iranian oil sellers push up prices as Venezuelan crude rallies
Sellers of sanctioned oil from Iran are hiking offer prices to China after Venezuelan crude rallied following the suspension of US sanctions on the South American producer.
Colombia’s Ecopetrol plans to invest up to $6.7bn in 2024
Colombia insists on conditions for ceasing oil production
During the UN’s COP28 climate change conference in Dubai, Colombia urged the international community to bear the financial burden associated with President Gustavo Petro's strategic shift away from coal and oil towards renewable energy.
Brazil’s regulator ANP submits studies on pre-salt blocks Rubi and Granada
The board of directors of Brazil's National Petroleum Agency (ANP) has approved geological and economic studies that have led to the delineation of two new pre-salt exploration blocks, Rubi and Granada, situated in the Santos Basin.
Petrobras awards cabling firm Prysmian €100mn contract
Italian cabling firm Prysmian has secured a contract worth over €100mn with Brazil's state-owned oil and gas major Petrobras for the provision of 170 km of deep-water electro-hydraulic umbilicals and related specialised offshore and logistic services
Lakach Field development persists amidst Pemex, New Fortress Energy parting ways
Despite the recent separation between Mexico’s state-owned energy major Pemex and US producer New Fortress Energy (NFE), the development of the Lakach field continues to be an enticing prospect for Pemex and other companies.
Pemex approaches completion of Tula refinery's coking plant
Mexico state-owned energy major Pemex is on the verge of finalising preparations for the commencement of operations at the Tula coking plant, with a targeted completion date set for the end of December.
Pemex excluded from global crude majors’ agreement on emissions
Mexico state-owned energy major Pemex has been conspicuously omitted from an agreement signed by 50 prominent global oil companies, all pledging to attain zero pollutant emissions by 2050, S&P Global reported on December 5.
Mexico's first floating LNG plant advances as storage vessel sets sail
The storage vessel for Mexico's inaugural liquefied natural gas (LNG) plant has embarked on its journey from US waters to Altamira, Mexico, according to ship-tracking data.
Brazil’s regulator grants TGS licence for seismic research in Equatorial Margin
Brazil’s environmental regulator Ibama has granted TGS the environmental licence for a multi-client 3D seismic research activity in the Equatorial Margin region, covering the Para-Maranhao and Foz do Amazonas basins.
FTC probes $53bn Chevron-Hess deal
The US Federal Trade Commission is seeking additional information on the $53bn Chevron and Hess deal, the companies have said.
Guyana to continue oil development amid Venezuela border threat
Guyana's Vice President, Dr. Bharrat Jagdeo, dismissed Venezuelan President Nicolas Maduro's annexation plans for the Essequibo region, affirming it won't hinder Guyana's oil developments. “If we pause any of our developments, Maduro succeeds.
Guyana VP assures oil companies that Venezuela not a threat
Guyana's Vice President, Dr Bharrat Jagdeo, has urged oil companies operating in the country's exclusive economic zone (EEZ) to disregard Venezuelan President Nicolas Maduro's recent directive to vacate.
Iran to overhaul Syrian refinery after repair job in Venezuela
Iran will soon begin repair work at one of Syria’s only two oil refineries, an official with the National Iranian Oil Refining and Distribution (NIORDC) said.
Brazil expands natural gas capacity alongside offshore wind legislation
Brazil has approved a new legal framework for offshore wind energy, paving the way for the addition of 4.25 GW of natural gas thermoelectric plant capacity. This initiative is expected to support the integration of new pipeline networks.
Brazil's base oils output plummets 62% in October on maintenance schedules
According to the National Agency of Petroleum, Natural Gas and Biofuels (ANP), the country's output in October stood at 22,515 cubic metres (20,265 tonnes), down significantly from 52,370 cubic metres during the same period the previous year.
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