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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MODEC begins recruitment for Guyana's Errea Wittu project
MODEC Guyana Inc. has released a Request for Information seeking skilled personnel to carry out the Topside Valves Signature on the Errea Wittu floating production storage and offloading vessel.
Guyana hesitant to extend CGX Energy's exploration license for Corentyne Block
Guyana’s Vice President Bharrat Jagdeo announced that the government is disinclined to extend CGX Energy’s exploration license for the Corentyne Block.
Argentina's Mendoza province receives $33mn in hydrocarbon investment offers
Argentina’s Mendoza government received offers totalling $33mn for five hydrocarbon areas. The bidding process included proposals from three companies for the last five areas out of the 12 that were tendered.
Petrobras reveals 2025 bonds redemption price
Brazil's national oil company Petrobras has announced that its subsidiary, Petrobras Global Finance B.V., will redeem its 4.750% Global Notes due 2025.
Helmerich & Payne to acquire KCA Deutag
Helmerich & Payne (H&P) is to acquire UK-based KCA Deutag International for $1.97bn in cash
Vaca Muerta production boom leads to $2.76bn energy surplus
Argentina recorded an energy trade surplus of $2.758bn in the first half of the year, thanks to a surge in Vaca Muerta production and exports and a substantial reduction in imports.
India's Reliance Industries gets US licence to continue buying crude oil from venezuela
India's Reliance Industries, the largest private oil refinery operator in the country, has secured a licence from the United States to continue importing crude oil from Venezuela
Petrobras nears completion of due diligence for refinery buyback from Mubadala
Brazil’s national oil company Petrobras is finalising its due diligence for a potential bid to repurchase the Mataripe refinery, which it sold to Mubadala for $1.65bn in 2021.
SBM Offshore holds naming ceremony for FPSO set for Brazilian deployment
Dutch FPSO leasing specialist SBM Offshore has held a naming ceremony for the FPSO Almirante Tamandaré to be deployed at the Búzios field in the Santos Basin for Brazil’s national oil company Petrobras.
GA Drilling, Petrobras to develop advanced downhole drilling systems
Slovakia-based GA Drilling has initiated a technical cooperation programme with Brazil’s national oil company Petrobras to develop a more efficient deep drilling system.
Equinor awards Archer $40mn drilling services contract
Oilfield services firm Archer has obtained a two-year contract for platform drilling services from Equinor in Brazil valued at $40mn.
Petrobras awards Ocyan $13mn contract for Buzios Field services
Ocyan, owned by EIG, has signed a substantial contract worth approximately BRL750m with Brazil’s national oil company Petrobras.
TSC Subsea wins contract for subsea inspections offshore Brazil
TSC Subsea has secured a multi-year contract for subsea inspection services with a major operator in the pre-salt region offshore Brazil.
Petrobras targets $100mn in annual savings through rig automation
Brazil’s national oil company Petrobras has unveiled plans to partially automate its drilling rig fleet by 2030, expecting to save up to $100mn annually as the company aims to reduce offshore well drilling time.
First pipe for Guyana's Uaru development arrives at base
ExxonMobil's fifth project in Guyana, Uaru, is advancing notably with the recent arrival of the first pipe at the Vreed-en-Hoop Shore Base.
Brazil environmental workers offer a deal for oil permits
Brazil's federal environment workers have proposed a deal to end their strike, which has impacted Amazon protection and delayed oil and gas permits.
Deals heat up before Venezuelan election amid domestic industry challenges
Venezuela has granted a 20-year licence to BP and Trinidad and Tobago's state-owned National Gas Company to develop offshore gas, while Reliance Industries has received US approval to start oil imports from Venezuela
RIGI: Argentina’s high-stakes bet on LNG investment
Argentina's Large Investment Incentive Regime (RIGI) has emerged as a bold, if controversial, strategy aimed at securing substantial foreign investment in its energy and mining sectors.
Indalo Group targets Argentina’s YPF assets as Pilgrim Energy prepares for oil sector reentry
Businessmen Cristóbal López and Fabián de Sousa, owners of Indalo Group, are looking to re-enter the oil sector by pursuing conventional assets from YPF’s "Project Andes."
Venezuela's Maduro quietly courts US investors ahead of pivotal election
As Venezuela approaches a watershed presidential election, incumbent Nicolás Maduro is making an unexpected pivot: courting American investors with promises of stability and lucrative opportunities in the country's once-mighty oil sector.
Venezuela grants BP, Trinidad's NGC 20-year offshore gas licence
Venezuela has granted a 20-year licence to British energy giant BP and Trinidad and Tobago's state-owned National Gas Co. to develop the Venezuelan portion of the Cocuina-Manakin offshore gas field.
Will Venezuela’s Maduro go out with a bang or a whimper?
The hour of truth is approaching for Venezuela. On July 28, over 20mn eligible voters will cast their ballots to pick their future president from among a list of ten candidates.
Petrobras order flexible pipe from TechnipFMC for Brazil fields
Oilfield services firm TechnipFMC has received a contract from Brazil’s national oil company Petrobras to supply flexible pipe for the pre-salt fields offshore Brazil.
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