LatAmOil - Latin America Oil & Gas
Rockhopper shares fall nearly 20% as Falklands' Sea Lion project faces rising pressure
Shares in British oil company Rockhopper Exploration fell as much as 20% in London after the company confirmed the departure of two contractors from its Sea Lion project in the Falkland Islands, as legal pressure from Argentina grows.
Venezuela advances gas plans with BP as Shell eyes Loran opportunities
Venezuela is stepping up planning for its natural-gas sector, with the hydrocarbons ministry and BP Exploration Caribbean Limited reviewing development work at the Cocuina field as they prepare an operational roadmap for 2027
Petrobras, Ecopetrol wrap up Colombia’s largest deepwater drilling campaign
Petrobras and Ecopetrol have completed the largest deepwater exploration campaign in Colombia’s Caribbean, drilling five wells over two and a half years at a cost of about $1bn, the companies said
Petroecuador restarts SOTE pipeline pumping after Baeza station fire
State oil company EP Petroecuador has resumed pumping through the Trans-Ecuadorian Oil Pipeline System (SOTE) on October 5, after an emergency caused by a fire at the Baeza pumping station in Napo province on October 1, El Universo reported.
Bolivia's YPFB steps up fuel deliveries and blocks plates of repeat-fill vehicles
Bolivia's state oil company Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) has raised the volume of petrol and diesel supplied to filling stations in all nine departments.
Brazil’s election run-off to help decide Petrobras’ future
Brazil’s presidential runoff between President Luiz Inácio Lula da Silva and Senator Flávio Bolsonaro offers sharply different visions for state-controlled Petrobras and the role of government.
Venezuelans in no mood to dance despite Trump's oil bonanza
Nine months after the US removed Nicolas Maduro, a sweeping oil pact with Washington has done little to ease hardship at home or bring elections closer.
ExxonMobil targets Trinidad and Tobago for next oil boom
ExxonMobil (NYSE: XOM) wants to repeat its Guyana oil and gas success in the waters off Trinidad and Tobago, its global exploration chief said in an interview.
Halliburton rules out work on the Falklands’ Sea Lion project, drilling to begin in early 2027
US oilfield services company Halliburton has ruled out any involvement in the Sea Lion oil project near the Falkland Islands, saying it has consulted Argentine federal authorities over potential criminal and civil enforcement.
Guyana's energy future could be shaped by Brazil's election as border controversy takes centre-stage
The outcome of Brazil’s presidential election could shape the outcome of Guyana’s border dispute with Venezuela, an issue that directly threatens Guyana’s oil and gas future.
Brazil opens new areas for Equatorial Margin exploration
Brazil’s oil regulator ANP has mapped 501 new exploratory blocks across 11 sectors of the Equatorial Margin, expanding the area available for potential oil and gas exploration.
India’s BPCL plans $3bn bond for Brazil oil project
Norway’s Hydro faces up to $210mn cost in Brazil
Norway’s Norsk Hydro expects its Alunorte alumina refinery in Brazil to face a financial impact of as much as $210mn in the second half of 2026 because of disruptions to contracted natural gas supplies.
Colombia deploys 1,200-strong Urano task force against ELN and fuel theft
Colombia has activated a joint security task force of about 1,200 military and police personnel to combat the ELN and criminal groups involved in fuel theft in the country’s northeast
Petrobras and Ecopetrol complete $1bn Colombian Caribbean gas campaign
Petrobras and Ecopetrol have completed their largest deepwater exploration campaign in Colombia’s Caribbean, spending about $1bn over two and a half years to drill five exploratory wells, including the Sandia-1 gas discovery
Brazil’s Petrobras finds more oil off Amapá
Petrobras has identified another oil-bearing interval in an exploration well off Brazil’s Amapá state, adding to an August discovery in the same block as the state-run producer drills deeper into the Foz do Amazonas Basin.
Brazil’s Petrobras hits $140.55bn record after Amapá find
Petrobras reached a record market value of BRL700bn ($140.55bn) on B3 on September 2, adding BRL20.9bn in a single session after announcing a second oil discovery in the Morpho well off Amapá.
TotalEnergies confirms that Suriname's landmark GranMorgu project nears 50% completion
Suriname’s highly anticipated GranMorgu oil project has officially reached the halfway mark of its development, with 50% of the planned capital expenditure already incurred, TotalEnergies confirmed.
Ecuador's Petroecuador halts Sote pipeline after pumping-station blaze
Ecuador's state oil company Petroecuador has abruptly suspended operations on the Trans-Ecuadorian Pipeline System (Sote), one of the country's two main crude arteries, after a fire at a pumping station in the Amazonian province of Napo.
Guyana's oil revenue surge set to bolster 2027 economic transformation
A sharp acceleration in petroleum revenues could propel Guyana’s economic development, with the government potentially accessing up to $4.35bn from the Natural Resource Fund to finance its 2027 budget.
Brazil's Infra S.A. to help Guyana plan oil logistics
Brazilian state-owned infrastructure company Infra S.A. and Guyana discuss a regional transport plan to support oil-driven infrastructure and connectivity with Brazil.
Guyana oil output falls to near one-year low
Guyana's offshore oil production averaged 832,000 barrels per day (bpd) in August, its lowest monthly level in nearly a year.
Argentina’s Neuquén seeks greater Vaca Muerta gas exports to Chile via Pacific Gas Pipeline
Argentina's Neuquén province is seeking to increase natural gas exports from the Vaca Muerta basin to Chile by making greater use of the Pacific Gas Pipeline and assessing a possible expansion of its pumping capacity, Governor Rolando Figueroa said.
Pluspetrol secures RIGI approval for $12.4bn Argentina shale oil project
Argentina's Pluspetrol has received approval under the country's Large Investment Incentive Regime (RIGI) for a $12.4bn, 25-year development of the Bajo del Choique-La Invernada block in the Vaca Muerta shale formation.
Colombia's frozen diesel prices widen fiscal gap as global costs surge 67%
Colombia's decision to keep diesel prices frozen even as international benchmarks surged 67% this year is widening losses at the state Fuel Price Stabilisation Fund (FEPC), think-tank ANIF warned in a report
Russia keeps Cuba flight resumption on agenda
US Coast Guard intercepts two Cuba-bound vessels carrying fuel
The US Coast Guard said it intercepted two vessels carrying fuel to Cuba, including one found with more than 200,000 gallons aboard, as the Trump administration intensifies enforcement against illicit fuel shipments to the island
Venezuela oil exports drop 9% in September as freight costs rise
Venezuela’s oil exports declined almost 9% in September as higher maritime freight costs pushed buyers to seek deeper discounts and contributed to delays in loading cargoes
OPEC+ holds November oil supply steady as Venezuela backs market stability
OPEC+ will keep crude production unchanged in November, extending the supply level set in September for a second straight month as the alliance continues to monitor global market conditions
Eni, Repsol weigh outside investment in Venezuela’s Perla gas field
Eni SpA (Milan: ENI) and Repsol SA (Madrid: REP) are weighing a sale of part of their interests in Venezuela’s Perla natural gas project as they seek additional capital to expand the offshore field
Rodríguez meets Baker Hughes CEO on Venezuela gas projects
The discussions brought together Baker Hughes executives with representatives of Venezuelan-rooted Lindsayca and Canadian energy company New Stratus Energy, both of which have experience in gas developments
Brazil’s Eneva targets Venezuela gas with eye on power, liquids and mature fields
Brazilian energy producer Eneva SA (B3: ENEV3) is looking to turn Venezuela’s largely untapped natural gas resources into a range of commercial products
Venezuela oil exports to US surge 170% as Citgo returns
Venezuelan crude shipments to the US surged 170% in the first seven months of 2026, with Citgo Petroleum returning as a buyer after a seven-year absence and helping drive a sharp recovery in bilateral oil trade
Baker Hughes signs Venezuela deals to revive gas infrastructure
Baker Hughes (NASDAQ: BKR) agreed to partnerships aimed at rebuilding Venezuela’s natural-gas infrastructure and developing future oil and gas projects, expanding the energy technology company’s role across the country’s supply chain
Mexican judge temporarily bars construction of Amigo LNG
A federal judge in the Mexican state of Sonora has issued a ruling that temporarily bars the previously authorised construction of the proposed Amigo LNG terminal in Guaymas.
Milei and Eni CEO discuss Argentina LNG project in Paris
Halliburton rules out Sea Lion work as Argentina raises legal pressure
The company said Argentine authorities had raised questions over the potential criminal and civil enforcement of existing legislation, proposed new laws and regulations governing companies’ eligibility to contract in Argentina.
Milei pitches Argentina’s energy and critical minerals to European investors
President Javier Milei told European investors in Paris on October 1 that Argentina could become a reliable supplier of energy and critical minerals, promoting the country's resources and investment framework .
Argentina’s YPF sets Vaca Muerta record with 4,770-metre slim-well lateral
Argentina's YPF has completed a 4,770-metre lateral section in a single run at a slim well in the Vaca Muerta shale formation, setting what the company described as the longest lateral drilled so far using the narrower-diameter design.
Former YPF investors ask US Supreme Court to revive $16bn Argentina case
Former investors in Argentina's state oil company YPF have asked the US Supreme Court to review a lower-court decision that overturned a $16bn judgment awarded over the country's 2012 nationalisation of the company.
PAE to invest $1.2bn in Argentina’s Cerro Dragón conventional oil field
Pan American Energy will invest about $1.2bn to extend production at its Cerro Dragón oil field in Argentina, with the programme including new polymer-injection facilities, 100 producer and injector wells and work on about 600 existing wells.
TotalEnergies plans $10bn investment in Argentina, CEO says
French energy company TotalEnergies plans to invest $10bn in Argentina across several projects, including new drilling in Tierra del Fuego and an expansion of gas production in Neuquén.
Cuba air links strained by Jet A-1 shortage
Cuba’s international air links are under strain as a shortage of Jet A-1 fuel has forced several major carriers to suspend services, while international tourist arrivals fell 64.4% in the first eight months of 2026
CAF approves $1.25bn package for Colombia projects
Colombia gas group calls for Venezuela pipeline restart
Colombia’s natural gas association Naturgas called for the rapid repair and reopening of the pipeline linking Venezuela with Colombia, saying the idled route could help address a domestic gas shortfall affecting industry
Ecuador plans December oil round to boost output, seeks $1bn in private funds
Ecuador plans to launch an oil licensing round in December covering 14 fields, aiming to attract about $1bn in private investment, Environment and Energy Minister Juan Carlos Blum said at the ENAEP 2026 oil and gas conference in Quito on October 1.
Brazil's Pelotas Basin may hold 1 trillion cubic metres of gas, says EPE
Brazil's Pelotas Basin, in the country's far south, may hold about 1 trillion cubic metres of recoverable natural gas and around 3.4bn barrels of recoverable oil, according to a preliminary estimate by government energy research company EPE.
Brazil's oil output hits record for third straight month in August on pre-salt growth
Brazil's oil production rose to a record 4.615mn barrels/day (bbl/day) in August, up 2.6% from July and 18.4% year on year, driven by the large pre-salt fields in the Santos Basin.
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