LatAmOil - Latin America Oil & Gas

22 May 2025

Colombia oil discoveries plunge 56%, growing economy relies overly on government expenditure

21 May 2025

Colombia's hydrocarbon exploration activity contracted for the second consecutive year with discoveries plummeting 56% in 2024, raising serious concerns about the nation's energy security and fiscal outlook.

Colombia oil discoveries plunge 56%, growing economy relies overly on government expenditure

21 May 2025

Colombia's hydrocarbon exploration activity contracted for the second consecutive year with discoveries plummeting 56% in 2024, raising serious concerns about the nation's energy security and fiscal outlook.

Colombia oil discoveries plunge 56% as exploration activity falters

21 May 2025

Colombia's hydrocarbon exploration activity contracted for the second consecutive year with discoveries plummeting 56% in 2024, raising serious concerns about the nation's energy security and fiscal outlook.

Brazil’s Petrobras hits 180K bpd at Mero field

21 May 2025

Brazil’s Petrobras said that the FPSO Marechal Duque de Caxias reached peak output of 180,000 barrels per day (bpd) on May 19 at the Mero field in Brazil’s Santos Basin pre-salt.

Natural gas set to become primary driver of Guyana's economy, ExxonMobil executive claims

21 May 2025

Natural gas is poised to become a cornerstone of Guyana's economic development in the 21st century, according to Hunter Farris, senior vice president for Deepwater at ExxonMobil Upstream Company.

Organised crime costs Mexico’s Pemex billions in oil smuggling, says US

21 May 2025

Mexican oil has become an international business artery for drug cartels, according to the US Drug Enforcement Administration (DEA). In its most recent drug trafficking report, the agency alleges that drug cartel businesses have diversified

Mexico's Pemex drilling hits 30-year low amid crude output decline

21 May 2025

Mexican state oil company Pemex completed drilling of only 17 wells during the first quarter of 2025, the lowest figure for a similar period in three decades, according to the company's quarterly financial report.

Mexico's Pemex drilling hits 30-year low amid crude output decline

21 May 2025

Mexican state oil company Pemex completed drilling of only 17 wells during the first quarter of 2025, the lowest figure for a similar period in three decades, according to the company's quarterly financial report, Mexico Business News reported.

Mexico's oil champion Pemex grows isolated amid mounting ecological damage

21 May 2025

Pemex, Mexico’s state-owned oil company, is facing growing criticism for its significant role in hydrocarbon-related environmental damage and its apparent lack of sufficient response strategies.

Brazil’s Petrobras edges closer on Amazon oil plan

21 May 2025

Brazil's environmental agency Ibama has granted national oil company (NOC) Petrobras approval to move forward with a key step toward drilling in the coveted Foz do Amazonas basin, though it issued a significant warning about future licensing.

Norwegian DOF locks $480mn Brazil’s Petrobras deal

21 May 2025

Norwegian offshore vessel operator DOF Group has secured four long-term contracts with Petrobras for its anchor handling tug supply (AHTS) vessels, the company said.

Pemex under fire for worsening environmental impact

21 May 2025

Petróleos Mexicanos (Pemex), Mexico’s state-owned oil company, is facing growing criticism for its significant role in hydrocarbon-related environmental damage and its apparent lack of sufficient response strategies.

Venezuela deepens oil partnership with India as sanctions cast shadow

21 May 2025

Venezuela is reinforcing its strategic relationship with India, one of its largest oil buyers, as the two nations look to strengthen ties in the face of mounting external pressure

US poised to extend Chevron's Venezuela operations as detained American veteran freed

21 May 2025

The Trump administration is poised to prolong Chevron's authorised operations in Venezuela by an additional 60 days, as Washington continues sensitive talks with Nicolás Maduro’s government regarding American detainees.

Guyana's Natural Resource Fund receives major inflow of oil revenues in 2025

20 May 2025

Guyana's Natural Resource Fund received approximately $901.6mn in oil revenues for the first four months of 2025, according to data from the Bank of Guyana.

Guyana passes oil pollution bill in historic vote

20 May 2025

Guyana's National Assembly passed an oil pollution bill that will hold companies and offshore operators accountable for oil spills.

Suriname launches oil royalty scheme for citizens

20 May 2025

Suriname has taken a landmark step toward equitable resource sharing with President Chandrikapersad Santokhi's launch of the 'Royalty's Voor Iedereen' program, a direct disbursement scheme for the nation's anticipated oil revenues.

Argentina's Río Negro province signs historic pipeline agreement with Vaca Muerta consortium

20 May 2025

Río Negro Governor Alberto Weretilneck has signed a landmark agreement with the VMOS consortium that aims to transform the Argentine province's economic landscape through the development of the Vaca Muerta Sur project.

Extortion gangs tighten grip on Colombia’s top oil region

20 May 2025

Colombia's premier oil-producing region faces mounting security challenges as illegal armed groups expand their presence in economically crucial areas, significantly hampering investment potential.

Venezuela reroutes crude shipments as Chevron exits the country

20 May 2025

Venezuela’s state oil company PDVSA has resumed independent exports of Boscan heavy crude, a grade previously handled by Chevron, after cancelling scheduled shipments to the US energy giant over payment concerns

Venezuela blames sanctions for economic collapse as crude shipments shift east

20 May 2025

Venezuela’s Vice President and Hydrocarbons Minister Delcy Rodríguez claims international sanctions have inflicted deep economic damage, wiping out $642bn from the country’s GDP since 2017 and costing $232bn in lost revenue.

Karoon Energy completes $115mn acquisition of Brazilian FPSO vessel

20 May 2025

Australian oil and gas company Karoon Energy said it has completed the acquisition of the Cidade de Itajaí floating production, storage and offloading vessel (FPSO) operating at Brazil's Baúna field through its wholly owned Brazilian subsidiary,

Singapore tows giant FPSO for Brazil

19 May 2025

Singapore’s PACC Offshore Services Holdings (POSH) has completed the towing of the P-80 FPSO hull from China to Singapore for topside integration, the company announced.

Suriname's Staatsolie secures loan to facilitate participation in new oil development

19 May 2025

Suriname’s national oil company Staatsolie secured a $1.6bn bank loan to finance its 20% participation in the offshore GranMorgu development in Block 58, the company announced following the finalisation of the agreement.

China to receive crude oil from Guyana for the first time in three years

19 May 2025

China is set to receive its first direct shipment of Guyanese crude oil in three years, according to independent price reporting agency Quantum Commodity Intelligence.

SBM Offshore on track to deliver Guyanese FPSOs in 2025

19 May 2025

SBM Offshore remains on track to deliver three major floating production storage and offloading vessels in 2025, with significant progress across all units.

Oil spill from massive cargo vessel occurs in Guyana's Demerara River

19 May 2025

An environmental emergency unfolded along Guyana's Demerara River when the AROYAT, a foreign-flagged bulk carrier, leaked oil while docked at a sugar terminal, as announced by the Maritime Administration Department.

United Oil & Gas advances Jamaica exploration with seafloor sampling permit application

19 May 2025

London-based United Oil & Gas has taken a significant step forward with its Caribbean exploration ambitions, filing permit documents with Jamaican authorities for an extensive seafloor sampling programme, the company said in a press release.

Colombia's Ecopetrol faces environmental sanctions over Huila oil project

18 May 2025

Colombian environmental regulator has initiated sanctions proceedings against state oil company Ecopetrol for environmental violations at its Río Ceibas oil field project in Huila, according to documents.

Venezuela's April oil output rises slightly, although OPEC estimates show decline

18 May 2025

Venezuela’s crude production edged up slightly in April, maintaining output above 1mn barrels per day (bpd) for the fourth consecutive month, according to figures submitted by the government to OPEC