LatAmOil - Latin America Oil & Gas

Brazil’s Petrobras CEO hopes for extraordinary dividend payout amid fiscal pressures

The CEO at Brazil’ national oil company (NOC) Petrobras, Magda Chambriard, expressed optimism about the company’s ability to distribute extraordinary dividends, a measure the Finance Ministry is considering helping achieve fiscal targets.

Norway’s Miros deploys enhanced oil spill detection system offshore Brazil

Norway-based ocean insights provider Miros has upgraded its oil spill detection monitoring system for offshore Brazil operations in partnership with Brazilian navigation solutions provider Belga Marine.

Presence of foreign firms in oil auction shows confidence in Brazilian state, says Petrobras’ CEO

The CEO at Brazil’s national oil company (NOC) Petrobras, Magda Chambriard, said strong participation by international companies in a controversial oil field auction near the Amazon mouth demonstrates "confidence in the Brazilian state."

PDVSA veteran's role in Spanish contracts sparks probe into Venezuela-Spain oil links

A former top official at Venezuela’s state oil company PDVSA joined a Spanish construction firm partially owned by a senior Socialist party figure just months before a scandal involving high-level contact with the Maduro regime

Venezuela appointed to lead OPEC fund’s ministerial council until 2026

Venezuela has been selected to preside over the Ministerial Council of the OPEC Fund for International Development until 2026, marking a significant step in its diplomatic and energy policy ambitions

Venezuela weighs risks and openings as Iran-Israel tensions threaten global oil stability

While the US reinforces its presence in the region, Caracas is closely watching developments that could reshape oil markets and its own fragile economy

Venezuela and Bolivia reinforce oil and trade ties as currency crisis deepens

Venezuela and Bolivia continue to uphold bilateral agreements across critical sectors including energy, agriculture, education and aviation, according to Venezuelan ambassador César Trómpiz

Global petrochemical downturn may persist until 2028 with permanently reduced margins, says Fitch