LatAmOil - Latin America Oil & Gas
Petrobras achieves a 41% reduction in operational GHG emissions
Petrobras achieves 41% reduction in operational GHG emissions: A milestone towards decarbonisation
Guyana takes ExxonMobil to court over inaccurate valuation allegations
The Guyana Revenue Authority is pursuing legal action against ExxonMobil, accusing the oil major of significantly over valuating oil-well equipment
Noble Corporation announces $215mn in new contracts in first-quarter earnings report
Noble Corporation reported its first-quarter earnings, emphasising a series of new contracts totalling $215mn.
Venezuela grants fuel import permit to startup amid industry challenges
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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
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.
Brazil’s Tupi field marks 15 years of operations after 2.6bn barrels in output
In the pre-salt Santos Basin, the Tupi field has marked 15th year of operation after having produced 2.6bn barrels of oil equivalent and currently operating with seven units.
Norway’s DOF secures $192mn in Petrobras contracts for offshore vessels
Norwegian offshore vessel operator DOF Group has clinched two contracts with Brazil's national oil company Petrobras for over $192mn.
Venezuelan oil exports plunge as US sanctions start to bite
Venezuela's oil exports took a sharp nosedive in April, plummeting by 38% as tanker owners and customers swiftly withdrew vessels awaiting loading from the country's waters, anticipating the reimposition of US sanctions, which took place on April 17.
Bolivia's YPFB certifies 2022 and 2023 gas reserves, plans publication
Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) has completed certifications for the 2022 and 2023 gas reserves. Currently, the state oil company is cross-referencing data from various sources to ensure accuracy before making the findings public
ExxonMobil confirms capping stack on route to Guyana
ExxonMobil Guyana is gearing up for the imminent arrival of a capping stack, a critical piece of equipment mandated by the government as a safety measure in the event of a major oil spill.
ExxonMobil Guyana reveals dates of output halt due to Gas-to-Energy project
ExxonMobil has announced the timeframe for the temporary halt of production at two offshore oil projects in Guyana’s Stabroek Block as part of efforts to connect a natural gas pipeline for the landmark Gas-to-Energy project.
Petrobras launches bidding for onshore rigs
Brazil’s national oil company Petrobras has initiated a bidding process to contract four large rigs to drill oil and gas production wells onshore in various fields across Bahia and Amazonas
Petrobras crude Q1 output up 4.4% at 2.24mn bpd, exports fall
Brazil’s national oil company Petrobras’ first-quarter crude output rose by 4.4%, year on year, to 2.24mn barrels per day.
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