LatAmOil - Latin America Oil & Gas

Brazil’s Braskem loss narrows as it shifts feedstock focus to Argentina

Braskem reported a third-quarter loss as it dealt with reduced plant utilisation, weak resin demand and feedstock adjustments, the Brazilian petrochemical producer said in its earnings call.

Petrobras begins new drilling push on Brazil’s Equatorial Margin

Petrobras has begun drilling new exploratory wells in Brazil’s Equatorial Margin following the completion of a lengthy environmental licensing process with Ibama, the country’s environmental regulator.

Venezuela’s oil lifeline falters as US military pressure mounts

Venezuela’s oil industry, the backbone of its economy and once the envy of Latin America, is buckling under the combined weight of US sanctions, falling prices, and internal dysfunction

Mexico methanol plant secures major Asian supply contract

Mitsubishi Gas Chemical Company (MGC) has agreed to purchase roughly half the output from a planned ultra-low-carbon methanol facility in northern Sinaloa, Mexico, under a decade-long supply arrangement with Transition Industries LLC, Mexico Business

Mexican energy ministry intensifies crackdown on fuel theft

Eni and Pluspetrol acquire Argentine gas field stakes as Fitch rating rolls in

Italy's Eni is in negotiations with Pluspetrol SA to acquire stakes in Argentine natural gas fields in the Vaca Muerta shale formation.

Argentina's YPF expects production boom at La Angostura Sur block

Argentine national energy company YPF expects production from its La Angostura Sur block to exceed 80,000 barrels per day in the coming years.

Bolivia’s energy sector crisis poses early test for new president Rodrigo Paz

Bolivia’s president Rodrigo Paz takes office amid a deep energy crisis, with plummeting production, a financially weak state oil company, and fuel shortages, making immediate stabilisation his administration’s urgent priority.

Chevron and Petronas to develop two offshore blocks in Suriname

US energy major Chevron and Malaysia's Petronas have signed production-sharing contracts with Suriname's national oil company Staatsolie to develop offshore blocks 9 and 10.

Brazil eases away from Russian diesel

Brazilian fuel importers are reducing purchases of Russian diesel after new US sanctions tightened restrictions on the country’s two biggest oil producers, Rosneft and Lukoil, according to market analysts.

Canacol Energy ordered to pay $22mn in Colombia arbitration dispute with VP Ingenergía

Canacol Energy Ltd faces $22mn payment ruling as gas supply dispute advances to international arena

Colombia's Cenit files plans for $100mn Medellín fuel pipeline bypass

Colombian energy logistics company Cenit submitted plans to environmental authorities for a $100mn ($102mn at current rates) oil products pipeline aimed at reinforcing fuel supply to Medellín and surrounding coffee-growing regions

Petrobras and Amazonica sign deal for LNG feedgas

Brazil’s state-run petroleum company Petrobras has signed a deal with LNG developer Amazonica Energy for the sale of feedgas.

Malaysia's Petronas expands presence in Suriname

Malaysia's Petronas has expanded its presence in Suriname's offshore oil sector to eight exploration blocks following the signing of two new production sharing contracts.

YPF achieves record-breaking oil production in Argentina's Vaca Muerta

Argentina's state oil company YPF has achieved record-breaking shale oil production in Vaca Muerta, reaching 190,000 barrels per day in October and securing major financing despite reporting a quarterly net loss.

Argentina's YPF reports financial loss despite strong production

Argentine national oil company YPF reported a net loss of $198mn in Q3 2025, attributed to a deferred tax charge, though the result masked strong operational performance in its critical Vaca Muerta shale operations.

Pemex pollution climbs to highest quarterly level since 2022 as flaring practices persist

Argentina's Mendoza launches large-scale hydrocarbons licensing round

Argentina's Mendoza province has launched a hydrocarbons licensing round, offering five extraction and 12 exploration licenses across the Cuyana and Neuquén basins.

ExxonMobil poised to unlock $20bn in Trinidad and Tobago, Rystad Energy finds

ExxonMobil's latest offshore campaign in Trinidad and Tobago could generate over $20bn in new investment opportunities, a report published by Rystad Energy on November 6 found.

Gold Reserve takes Rusoro to court over dispute in auction for Venezuela’s Citgo

Canadian miner Gold Reserve Inc. has initiated legal proceedings in Delaware against Rusoro Mining Ltd., claiming the firm breached a consortium agreement connected to their joint participation in the auction for PDV Holding Inc.

Brazil leads global drive for green fuels

The “Belem 4x” pledge, proposed by Brazil in September, now counts 19 participating nations after 15 more joined during a leaders’ summit on November 6–7, ahead of the UN COP30 climate talks.

Investors eye post-Maduro Venezuela as Trump steps up pressure

Pampa Energía targets $750mn investment in Argentine oil project

Argentina's Pampa Energía plans to invest $750mn in 2026 at its Rincón de Aranda oil project in Vaca Muerta, maintaining momentum in its strategic shift toward oil production.

Brazil's Brava Energia reports record output, profit as costs fall

Brava Energia reported record quarterly production and net income for the third quarter while achieving its lowest-ever lifting costs.

Colombia's Petro attacks Trump climate stance at COP30 Brazil Summit

Peru oil block draws sole bid from Colombian-Peruvian consortium

Peru's hydrocarbons licencing agency received a single bid for exploration rights in a northwest oil block, highlighting persistent challenges in attracting investment to the country's mature upstream sector

Climate adaptation needed, say leaders

Brazil’s environment and climate change minister, Marina Silva, said mitigation and adaptation must receive equal attention in global efforts to tackle climate change.