LatAmOil - Latin America Oil & Gas

Argentina set to inaugurate Northern Gas Pipeline reversal project

Argentina is set to inaugurate the Northern Gas Pipeline reversal project on October 10; a significant milestone in the country's energy sector.

PetroTal reports strong Q3 2024 performance amid production challenges

PetroTal, a key player in Peruvian oil development, has announced a robust update for Q3 2024, showcasing resilience despite logistical challenges.

Venezuela bond investors eye windfall as Elliott wins Citgo auction

A particular security issued by Venezuela's state oil company PDVSA has emerged as an unexpected winner in the country's $60bn pile of defaulted debt in the wake of the recent successful auction bid of Elliot Investment for US-based refiner Citgo.

Venezuela hosts OPEC chief as global energy demand set to surge

Venezuelan Oil Minister Delcy Rodríguez welcomed OPEC Secretary General Haitham Al Ghais to Caracas on October 7, kicking off a series of high-level meetings aimed at strengthening ties between the oil-rich nation and the global organisation.

Mexico’s Gato Negro granted LNG export permit from US Department of Energy

Mexico’s Gato Nego LNG facility, located in Manzanillo, has been authorised to export LNG to countries the US holds free trade agreements with, the US Department of Energy announced.

Frontera Energy faces challenges amid gas crisis and amends share buyback

Frontera Energy Corporation, a Canadian oil and gas company, recently made a significant amendment to its substantial issuer bid.

Bolivia secures fuel supply amid hydrocarbon concerns in Arica

Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) has successfully unloaded over 236,000 barrels of oil at the Chilean port of Arica, ensuring a steady fuel supply for the Bolivian domestic market.

Pemex pushes rapid development of Bakté oil field in Tabasco

Pemex is advancing quickly with the development of the Bakté oil field in Tabasco, one of its most significant recent projects.

Guyana receives 27 bids from global energy majors to market crude oil

Guyana's National Procurement and Tender Administration Board announced that it had received 27 bids from major energy companies vying for a 12-month contract to market the government's share of crude oil production

Petrobras awards $170mn contracts for Atapu and Sepia projects

Brazil's national oil company (NOC) Petrobras has awarded two significant contracts for BRL923.3mn ($169mn) to Vallourec and Tenaris for the supply of carbon steel and special metallurgy casing and production pipes for the Atapu and Sepia projects.

Pampa Energía issues international bond to drive oil and gas projects

Major Argentine energy company Pampa Energía has successfully issued a four-year bond worth $410mn with a 5.75% coupon rate, company CEO Gustavo Mariani confirmed.

Venezuela's oil exports dip 9% amid power outages, PDVSA woes

Venezuela's crude oil and fuel exports fell nearly 9% in September, hampered by widespread power outages and equipment failures at state-owned Petróleos de Venezuela, S.A. (PDVSA) upgrading facilities, according to shipping data.

Petrobras eyes Tupi field boost, outproducing Venezuela

Petrobras is nearing an agreement with Brazil's National Agency of Petroleum, Natural Gas, and Biofuels (ANP) to settle a longstanding tax dispute, potentially paving the way for expanded operations in the Tupi field.

Guyana and Brazil leading investment boom into South American oil sector

Guyana and Brazil are spearheading an ongoing investment surge in South America's offshore oil sector, according to recent data from Rystad Energy.

Sheinbaum's bold energy transition plan for Mexico

In her inaugural address, Mexico's first female president, Claudia Sheinbaum, signalled a departure from her predecessor's fossil fuel-heavy policies.

Petrobras confirms major gas discovery in Colombia

Brazil's state-owned oil company Petrobras has announced significant gas discoveries in the Guajira Basin, offshore Colombia, estimating the reserves to be around 170 billion cubic metres.

LatAmOil: Prio to acquires 40% stake in Brazilian oilfields from Sinochem for $1.92bn

Guyanese government announces deadline for Phase 2 of gas-to-energy project

Guyana's gas-to-energy project is set to expand rapidly, with Guyanese Vice President Bharrat Jagdeo announcing that Phase 2 could be completed within two years.

Elliott Investment’s Amber Energy set to buy Citgo with $7.3bn winning bid

Amber Energy has been named the presumptive winner in the auction to buy Citgo Petroleum's parent company from PDVSA.

Petrobras signs MoU with Argentina's YPF, makes moves in Africa

Petrobras has signed a memorandum of understanding with Argentina's YPF to explore joint ventures in the exploration and production sector while simultaneously mulling collaborations with other oil majors in Africa.

Venezuela becomes third-largest oil supplier to the US amid sanction easing

Venezuela has emerged as the third-largest oil supplier to the US, according to the latest data from the Energy Information Administration (EIA).

US extends Chevron's Venezuela oil operations licence amid scrutiny

The US Treasury Department on October 1 renewed General Licence 41, allowing Chevron Corp to continue its oil operations in Venezuela until April 2025, as part of Washington's complex balancing act with Nicolás Maduro's government.

Venezuela's Citgo auction terms spark creditor uproar

The latest twist in the US court-ordered sale of Citgo Petroleum's parent company shares has ignited a firestorm of criticism from creditors seeking recompense for Venezuela's financial misdeeds.