LatAmOil - Latin America Oil & Gas

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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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Norway’s Scana wins multi-million deal for E-house modules offshore Brazil

2 June 2025

PSW Power & Automation, a subsidiary of Norway-based offshore energy technology provider Scana, has secured a contract valued between NOK75mn ($7.3mn) and NOK150m for an offshore project in Brazil involving delivery of two E-House modules

Portugal's Mota-Engil wins $270mn Petrobras contract in Brazil

2 June 2025

Portuguese construction group Mota-Engil has secured a new contract worth BRL1.56bn ($272mn) with Brazil's national oil company (NOC) Petrobras

Brazilian prosecutors request suspension of Amazon oil auction

2 June 2025

Brazil's Federal Public Ministry has recommended that oil and gas regulator ANP suspend an auction of 47 offshore oil areas near the Amazon River mouth, citing socio-environmental and climate risks.

Venezuela deepens trade ties with Turkey amid oil uncertainty

2 June 2025

Venezuela is moving to expand its trade footprint with Turkey as internal pressures mount following the expected departure of Chevron and renewed US sanctions

Argentina's RIGI initiative attracts widespread energy investments

2 June 2025

Argentina's Large Investment Incentive Regime (RIGI), launched by President Javier Milei in 2023, has attracted 11 proposals totalling $15.5bn in investment pledges since entering force in October 2024.

Final US-licensed oil shipments exit Venezuela as sanctions snap back

2 June 2025

The last oil tankers authorised under US sanctions waivers to carry Venezuelan crude and refined products departed this week, marking the end of a brief period of eased restrictions

Colombia's Ecopetrol advances offshore gas projects post Shell withdrawal

1 June 2025

Ecopetrol SA is set to continue its offshore natural gas exploration in Colombia's Caribbean waters following Shell Plc's strategic exit from the COL-5, Purple Angel and Fuerte Sur blocks.

Colombia's Ecopetrol faces leadership turmoil amid governance concerns

1 June 2025

Colombia's state-controlled oil giant, Ecopetrol, is grappling with a leadership crisis as scrutiny intensifies over President Ricardo Roa's management and potential conflicts of interest.

EOG Resources and BP begin gas production at Trinidad and Tobago field

30 May 2025

EOG Resources Trinidad and BP Trinidad and Tobago have achieved first gas production at their jointly operated Mento development off Trinidad's southeast coast.

Colombia's Ecopetrol advances Caribbean gas projects following Shell departure

30 May 2025

Colombia's state-controlled energy company Ecopetrol will continue natural gas exploration in Caribbean waters despite Shell's strategic withdrawal from three offshore blocks.

Mexico commits to reducing 140mn tonnes of carbon emissions by 2030

29 May 2025

Mexico's environment ministry presented an updated National Climate Change Strategy on May 28, committing to reduce 140mn tonnes of carbon dioxide emissions by 2030 through renewable energy, reforestation and circular economy initiatives

Iconn to buy Shell's Mexico fuel stations as energy sector tightens

29 May 2025

Local retailer Iconn Mexico is purchasing Shell's fuel station business as international oil companies retreat from Mexico's increasingly restrictive retail market, Argus Media reported.

ExxonMobil confirms production start date for Guyana's Yellowtail project

29 May 2025

ExxonMobil's Yellowtail development offshore Guyana is set to commence production in August, strategically positioned just ahead of the country's national elections scheduled for September 1.

SBM Offshore completes mooring of ONE GUYANA production vessel off Guyana

29 May 2025

SBM Offshore has successfully completed the mooring of its FPSO One Guyana vessel, marking a critical milestone in ExxonMobil's fourth oil project in the prolific Stabroek block off Guyana's coast.

Colombia gas reserves drop to critical 5.9-year supply as import dependence looms

29 May 2025

Colombia's natural gas reserves declined to a critical 5.9-year supply horizon in 2024, down from 6.1 years previously, as proven reserves fell 13% to 2.064bn cubic feet. The deterioration contrasts with marginal improvements in petroleum reserves.

Political coalition forged in Suriname, which faces an oil bonanza

29 May 2025

A government coalition has been formed following a close election in Suriname, and it is set to determine leadership over the country's emerging oil wealth.

Chevron ends Venezuelan oil production, investment, exports

29 May 2025

Chevron has ended its oil production contracts in Venezuela, after its US licence to operate there was cancelled.

Chevron ends Venezuelan oil production, investment, exports

29 May 2025

Chevron has ended its oil production contracts in Venezuela, after its US licence to operate there was cancelled.

Citgo auction extended as Venezuela's PDVSA wins key US court battle in $1.5bn debt dispute

28 May 2025

A US federal judge has extended the deadline for bidding on Citgo Petroleum's parent company until June 2, following a significant New York court ruling that has reduced litigation risks surrounding Venezuela's most valuable overseas asset.

Chevron ends operations in Venezuela, hands control to PDVSA

28 May 2025

Chevron has ceased its operational contracts in Venezuela, transferring control of its joint ventures to state oil company PDVSA, while retaining a limited staff presence on the ground, according to people familiar with the matter.

Brazil’s Evolua rebounds with $33mn in annual profit

28 May 2025

Brazilian ethanol trader, Evolua Etanol, reported a net profit of BRL187.8mn ($33mn) for the 2024/25 season, reversing a BRL91.8mn loss the previous year, the company said.

Chevron’s Venezuela exit deepens economic strain as US revokes oil licence

28 May 2025

Chevron’s operations in Venezuela officially ended late Tuesday night, following the expiration of a US-issued licence that had allowed limited engagement with state-run oil company PDVSA.

Mexico's Pemex faces budget crisis as oil production falls 8.8% and restructuring planned

28 May 2025

Pemex could run out of budget before year-end after spending over half its investment allocation in the first quarter whilst oil production continues declining, with crude output falling 8.8% year on year to 1.37mn barrels per day in April.

Ghost ships resurface as Venezuela evades oil sanctions

28 May 2025

A supertanker scrapped in 2017 has resurfaced in international waters under a false identity, highlighting how Venezuela’s oil industry continues to sidestep global sanctions.

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