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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Higher rain levels in Brazil help stave off gas pain in Europe
The end of Brazil’s drought has allowed US sellers to send more LNG to Europe, but these conditions may not persist beyond the short term.
EU, Venezuela in talks on methane capture, exports
At least three European firms are slated to work with Venezuela's PdVSA to start trapping methane emissions and sending them to Atlantic LNG for processing and export.
Argentina says it turned away Russian-produced LNG because of sanctions
Buenos Aires has cited sanctions against Moscow as the reason for a state-owned company’s decision to refuse delivery of a cargo of Russian-produced LNG last week.
Jagdeo: Guyana’s government not planning to take action against ExxonMobil contractor
Guyana’s government will take no legal action against a local company that serves as a contractor for US-based ExxonMobil.
Vallourec to supply line pipe for two sections of Búzios oilfield
France’s Vallourec has secured two major contracts for equipment that will be used to support the sixth and eighth phases of development work at Brazil's Búzios oilfield.
US fuel supply company signs five-year deal on asphalt production at Curaçao’s Isla refinery
Global Oil Management Group (GOMG), owned by Harry Sargeant III, an energy and shipping magnate from Florida, has made arrangements to use the Isla refinery on Curaçao to produce and export asphalt.
Peru’s environment minister accuses Repsol of not paying fines for January 2022 oil spill
Peru’s Environment Minister Albina Ruiz has accused Spain’s Repsol of only paying a small portion of the fines related to an oil spill that occurred on January 15, 2022.
PdVSA signs two new petcoke export contracts
Venezuela’s national oil company PdVSA has signed two new contracts for the export of petroleum coke following the suspension of its agreement with Geneva-based Maroil Trading.
Petroecuador reports oil spill at Balao terminal
Ecuadorean authorities have confirmed that an oil spill occurred last week at the Balao marine terminal owned by Petroecuador in the port of Esmeraldas.
EU mulls importing gas from Argentina
The EU is looking at potentially buying natural gas from Argentina in the future, in anticipation of the South American country’s planned expansion in domestic production that is expected to transform it from a net gas importer to exporter.
Mexico Pacific, CFE establish alliance to ensure gas deliveries to Saguaro LNG
Houston-based Mexico Pacific Ltd has struck a long-term deal on gas deliveries with CFE, Mexico’s national electricity provider.
China seen importing more Brazilian crude in Q3 2023
Sinopec and other major Chinese refinery operators are on track to increase their imports of Brazilian crude oil by more than 35% in Q3 2023.
Prates says Petrobras will keep investment levels steady in 2024-2028
Brazil’s national oil company Petrobras is likely to keep overall investment levels steady in its next five-year business plan, which covers the 2024-2028 period.
Pemex establishes new main data centre in bid to improve cybersecurity posture
Mexico’s national oil company Pemex has established a new main data centre in Mexico City, in a bid to improve its cybersecurity stance in the face of mounting cyber threats.
PdVSA’s suspension of Maroil contract disrupting Venezuelan petcoke trade
The suspension of the contract between Venezuela’s national oil company PdVSA and Geneva-based Maroil Trading has led to significant disruptions in the petroleum coke trade.
CNH appears increasingly reluctant to fine Pemex for environmental, procedural violations
Mexico's CNH has waived at least three fines that it had previously decided to impose on the national oil company Pemex.
Fire at Nohoch-A seen bringing Pemex’s production down by 100,000 bpd until early August
Pemex will see oil production levels drop by around 100,000 bpd up until the end of July because of the fire that broke out at an offshore platform on July 7.
Vista Energy reports positive results from two fracked test wells at Águila Mora block
Argentina’s Vista Energy has reported positive results for the AM-1011h and AM-1012h test wells at the Águila Mora block in Neuquén Province.
Australia’s Woodside Energy returns TTDAA-5 offshore block to Trinidad and Tobago
Australia’s Woodside Energy has decided to return the deepwater TTDAA Block 5 block to the government of Trinidad and Tobago.
Argentina launches first phase of President Nestor Kirchner Gas Pipeline
Argentina launched the first phase of the President Néstor Kirchner Gas Pipeline (GPNK) at a ceremony held on July 9.
Brazil’s oil and gas production rises slightly in May
Brazil’s hydrocarbon production climbed slightly in May 2023, reaching 4.11mn boepd.
PdVSA stops supplying free diesel to businesses
Venezuela will start charging a price of $0.32 per litre for diesel delivered to businesses, bringing an end to a three-year period when the country delivered it free.
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