LatAmOil - Latin America Oil & Gas
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.
Venezuela emerges as key US crude oil supplier
Venezuela has become a significant player in the US crude oil market, rising to fifth place among exporters to the United States in June, according to data from the US Energy Information Administration (EIA).
Ecuador grapples with legal hurdles in Yasuní oil infrastructure removal
Ecuador's new Environment Minister Inés Manzano faces significant challenges in dismantling oil infrastructure in the Yasuní National Park, following a referendum last year that mandated the cessation of oil exploitation in the area.
US court denies Petroamigos' injunction to halt PDVSA share auction
The United States District Court for the District of Delaware has rejected a request from Petroamigos for a preliminary injunction aimed at stopping the auction of state-owned oil firm Petróleos de Venezuela (PDVSA) shares in PDV Holding, Inc.
Venezuela overhauls oil sector leadership amid production recovery efforts
Venezuela's government has undertaken significant leadership changes within the oil sector, appointing new vice ministers and overhauling the board of the state oil company, PDVSA
Shell to cut 20% of exploration staff as CEO expands cost-saving drive to core oil business
CEO Wael Sawan is targeting a 20% cut in these divisions, extending his cost-saving initiatives beyond the previously affected renewables and low-carbon segments.
Mexico Pacific secures major LNG deal with South Korea's POSCO
Guyana to accelerate oil production as global energy transition takes charge
Guyana's Minister of Natural Resources Vickram Bharrat outlined the country's depletion policy at the Guyana Energy Conference and Supply Chain Expo 2025, which prioritises rapid oil extraction to maximise economic benefits within a limited timeframe
ExxonMobil begins appraisal of Guyana's Hammerhead project
The Stena Carron has commenced appraisal drilling at the Hammerhead-4 well in the Stabroek Block offshore Guyana, according to the country's Maritime Administration Department.
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