LatAmOil - Latin America Oil & Gas

LatAmOil: Chevron lobbies for continued Venezuelan operations despite post-election turmoil

SBM Offshore, MISC Berhad ink share purchase deals for two FPSOs

SBM Offshore has entered into two share purchase agreements with its partner MISC Berhad concerning two floating production storage and offloading (FPSO) units.

Petro-Victory, Eneva mull gas projects in Brazil

Calgary-headquartered Petro-Victory Energy has signed a memorandum of understanding (MoU) with Eneva to develop non-associated gas resources in the São João field, located in Brazil's Barreirinhas basin, in the state of Maranhão.

Petrobras, Gerdau partner to explore decarbonisation projects

Petrobras has signed a non-binding Memorandum of Understanding (MoU) with steelmaker Gerdau to evaluate commercial opportunities in decarbonisation initiatives,

Constellation secures Shell contract for Alpha Star rig in Brazil

Offshore drilling contractor Constellation has landed a new contract with Shell for its Alpha Star ultra-deepwater drilling rig off the Brazilian coast

KBR secures contract for Petrobras FPSO topsides in Brazil

US engineering firm KBR has been awarded contracts by Seatrium to develop topsides facilities for two floating production storage and offloading (FPSO) units destined for Petrobras' Atapu and Sepia fields in Brazil's Santos Basin.

Petrobras launches Brazil's largest natural gas processing unit in Rio de Janeiro

Petrobras has begun start-up procedures for Brazil's largest natural gas processing unit (UPGN) in Itaborai, near Rio de Janeiro.

Global heating could exceed 3°C by end of century, say researchers

Methane emissions are rising faster than ever before, says new research led by Stanford University. The problem is so dire that global heating could exceed 3°C by the end of century, a level at which there would be chaos at an unprecedented level.

Mexican billionaire Carlos Slim is now the largest investor in Houston-based Talos Energy

ExxonMobil's Uaru and Whiptail projects in Guyana break investment record

ExxonMobil's latest ventures offshore Guyana, the Uaru and Whiptail developments, have surpassed previous records to become the largest investments in Guyana's history.

Vista Energy to inject $1.1bn into Argentine shale

Vista Energy announced its plan to invest approximately $1.1bn in 2024 into its Vaca Muerta shale formation, a major initiative aimed at unlocking Argentina's vast oil reserves.

US government requests delay of YPF $16bn ruling

The United States government has requested that Judge Loretta Preska delay her decision on the delivery of YPF shares to the beneficiaries of a recent ruling, as stated in a court order published on September 9.

Pemex faces growing supplier debt crisis in Gulf of Mexico

Mexico’s state-owned oil company, Pemex, is grappling with a growing backlog of unbilled debts to service providers, particularly in the northern region of the Gulf of Mexico.

Fire at Pemex refinery in Mexico leaves two dead, one injured

A fire at Mexico's largest refinery, operated by state-owned oil company Pemex, tragically claimed the lives of two workers and injured another on September 7.

US Senator seeks to end petroleum trade with Venezuela amid election controversy

US Senate Majority Whip, Dick Durbin, has unveiled legislation aimed at halting all US petroleum dealings and related trade with Venezuela, a move conditioned on the recognition of the recent Venezuelan election results.

Ecuador's oil production hit by power outages, equipment failures

Ecuador's state-owned oil company Petroecuador reported on September 9 that power outages and equipment failures are impacting the country's oil production.

Rystad Energy reports significant upstream developments by ExxonMobil in Guyana

ExxonMobil’s upstream activities in August have garnered significant attention, as outlined in a recent Rystad Energy report

LatAmOil: BP Trinidad and Tobago enters an agreement to divest gas fields to Perenco T&T

US federal court overseer seeks to block additional lawsuits in Citgo auction

The court-appointed officer overseeing the auction of shares in Citgo Petroleum's parent company has requested that the judge prevent creditors from pursuing additional lawsuits that could disrupt the sales process.

Chevron lobbies for continued Venezuelan operations despite post-election turmoil

In the wake of Venezuela's disputed presidential election, US oil giant Chevron has intensified its lobbying efforts in Washington, urging officials to allow its continued operations in the South American nation, drawing widespread criticism.

Spanish crude imports from Venezuela surpass 2023 total

Spanish crude oil imports from Venezuela have already exceeded the total for 2023, according to data released by Cores, a division of the Energy and Environment Ministry.

Peru faces crisis as Petroperu’s debt mounts and investors demand action

The Peruvian government is preparing to issue an emergency decree to address the severe financial crisis affecting state-owned Petroperu.

OPEC+ delays planned unwinding of cuts amid pressures

In June, eight members, including Saudi Arabia, Russia, Iraq and the UAE, said that they would begin unwinding some of their “voluntary” cuts from October.

Colombia's Ecopetrol faces potential disruptions in oil, gas production from blockades and attacks

Ecopetrol has raised concerns about potential restrictions on its oil and gas production following recent blockades and attacks on key infrastructure.

Premium energy basins: Focus on emissions reduction as oil and gas demand persists [Energy Insights]

Despite the accelerating energy transition, oil and gas will remain central to the global energy mix for the foreseeable future as the key hydrocarbon sources continue to satisfy global primary energy demand.