LatAmOil - Latin America Oil & Gas

29 August 2025

Mexico's Pemex will remain Treasury's biggest liability: UBS

28 August 2025

Mexican state oil company Pemex will continue as the Finance Ministry's largest liability for the foreseeable future despite government rescue efforts, Swiss bank UBS warned, Bloomberg Línea reported.

Suriname's Staatsolie unveils ambitious plan to diversify energy sector

28 August 2025

Suriname's national oil company Staatsolie announced in a press release that it will launch an "open-door offering" in November for offshore exploration areas, positioning the country to diversify its energy partnerships.

Incumbent party enjoys comfortable lead in Guyanese election poll

28 August 2025

A recent WIC News online poll suggests Guyana's ruling People's Progressive Party/Civic (PPP/C) could secure a decisive victory in the September 1 general elections, with the country's energy future at the top of the agenda.

Golar LNG contracts Singapore's Seatrium to refurbish FLNG for Argentine project

28 August 2025

Golar LNG has contracted Singapore-based Seatrium to refurbish its floating liquefied natural gas unit ahead of a major 20-year deployment off Argentina's Atlantic coast.

ExxonMobil enters Colombia gas import race after abandoning fracking operations

28 August 2025

ExxonMobil is positioning itself to compete in Colombia's nascent natural gas import market through a planned regasification facility in La Guajira, marking the US energy giant's strategic pivot after exiting hydraulic fracturing ventures.

Brazil court halts sanctions under biofuels credit scheme

27 August 2025

A federal appeals court in São Paulo has temporarily suspended penalties imposed by Brazil’s hydrocarbons regulator ANP on companies under the Renovabio biofuels programme.

Brazil shifts beef tallow to domestic biodiesel after US tariffs

27 August 2025

Brazil’s use of beef tallow for biodiesel production is expected to increase, as domestic demand could offset a likely drop in US imports following new tariffs on Brazilian beef and by-products.

Tinubu urges Petrobras to return to Nigeria’s energy sector, seeks deeper Brazil ties

27 August 2025

Nigerian President Bola Tinubu has called on Brazil’s state-owned oil company, Petrobras, to return to the West African country and contribute to unlocking its substantial gas reserves.

Southern Energy receives 30-year LNG export certificate in Argentina

27 August 2025

Argentina's Ministry of Energy has granted Southern Energy SA a 30-year LNG export certificate through Resolution 353/2025, marking a significant milestone in the country's ambitions to become a major global liquefied natural gas supplier.

Guyanese government pledges second gas-to-energy plant ahead of elections

27 August 2025

Guyana's ruling People's Progressive Party/Civic has unveiled ambitious energy expansion plans centred on the Wales Gas-to-Energy project as the September presidential election approaches.

Shell and TotalEnergies share MOL cargo vessel for Brazilian offshore operations

27 August 2025

Mitsui O.S.K. Lines (MOL) arranged for Shell Brasil Petróleo to jointly use its SeaLoader 1 cargo transfer vessel with TotalEnergies EP Brasil, marking expanded shared utilisation of specialised offshore equipment in Brazil's Santos Basin.

Solstad Offshore secures $65mn in Brazilian and international vessel contracts

27 August 2025

Solstad Offshore won two contracts worth $65mn combined for its Normand Turmalina and Normand Superior vessels, extending operations in Brazil and internationally through 2029.

Petrobras reaches 50mn cubic metres daily gas processing milestone

27 August 2025

Petrobras achieved a new natural gas processing record, surpassing 50mn cubic metres per day (cbmd) on 23 August.

Nigeria and Brazil deepen cooperation as Tinubu calls for Petrobras return

27 August 2025

Nigerian President Bola Tinubu urged Petrobras to resume operations in Nigeria during a state visit to Brasília, emphasising the company's potential role in unlocking Nigeria's vast gas resources as both nations signed several cooperation agreements.

SAAM Towage Uruguay achieves full carbon neutrality

27 August 2025

SAAM Towage Uruguay has neutralised its entire carbon footprint and acquired carbon credits from a forestry project, marking a milestone in its sustainability programme

Elliott affiliate surges ahead in Venezuela's Citgo parent auction

27 August 2025

An affiliate of hedge fund Elliott Investment Management has emerged as the leading bidder for PDV Holding, the parent company of Venezuela-owned Citgo Petroleum, a US court officer said

Brazil’s Petrobras awards $328mn offshore contracts to Halliburton, SLB

26 August 2025

Brazil’s Petrobras has signed two offshore contracts worth a combined BRL1.8bn ($328.5mn) with Halliburton and SLB (formerly Schlumberger) to provide well completion services at the Búzios pre-salt field in Brazil’s Santos Basin.

Brazil ANP to offer 7 offshore blocks in Campos and Santos basins

26 August 2025

Brazil’s ANP will offer seven offshore blocks in the Campos and Santos basins during the public session of the third cycle of the Open Acreage of Production Sharing (OPP) on October 22, 2025.

Mexico’s Pemex crude exports surge 31% following historic decline

26 August 2025

Mexican state oil company Pemex reported a sharp increase in crude oil exports after reaching their lowest recorded levels, Bloomberg Línea reported.

Mexico’s Pemex Dos Bocas refinery sees 27% decline in petrol production

26 August 2025

Petrol production at Mexican state-owned Pemex Dos Bocas refinery fell 27% month-on-month during July 2025, according to latest company data, Bloomberg Línea reported.

Colombia regulator confirms Shell's offshore exit as Ecopetrol gains full control

26 August 2025

Colombia's competition regulator confirmed Shell's withdrawal from hydrocarbon exploration activities, with the British oil major transferring its 50% stake in three offshore blocks to partner Ecopetrol at no cost.

OGT2025 conference and exhibition in Ashgabat gains momentum

26 August 2025

Preparations are gathering momentum for the landmark 30th Anniversary International Conference and Exhibition “Oil and Gas of Turkmenistan – 2025”, scheduled to take place from 22 to 24 October in Ashgabat.

Chinese firm pledges $1bn to boost oil output in Venezuela

26 August 2025

China Concord Resources Corp. is moving ahead with a $1bn plan to revive oil production in Venezuela, aiming to lift output from two Lake Maracaibo fields to 60,000 barrels a day (bpd) by late 2026

Venezuela oil claims diverge from OPEC data in push to show recovery

26 August 2025

Venezuela’s official oil production numbers remain at odds with OPEC’s independent assessments, highlighting the persistent opacity around the country’s energy sector

Citgo swings to $100mn profit as refining margins improve

26 August 2025

Citgo Petroleum posted a $100mn profit in the second quarter of 2025, reversing an $82mn loss in the opening months of the year, according to figures released by the Ad Hoc Administrative Board of PDVSA

China’s Hongrun buys Canadian, Brazilian crude for Changyi refinery

25 August 2025

Chinese independent refiner Hongrun Petrochemical has snapped up crude supplies from Canada and Brazil for its newly acquired Changyi refinery.

Fitch affirms Peru state oil firm Petroperu at 'CCC+' amid liquidity crunch

25 August 2025

Fitch Ratings has affirmed state-owned Petroleos del Peru's (Petroperu) credit rating at 'CCC+', pointing to severe liquidity constraints that make default probable without government support, the rating agency said.

Chevron enters Peru’s offshore sector amid government push for energy security

25 August 2025

Peru has authorised the entry of Chevron into offshore oil and gas exploration, a move that marks one of the country’s most significant energy partnerships in recent years.

Argentina's Neuquén launches project to deliver more gas to local families

25 August 2025

Neuquén Governor Rolando Figueroa inaugurated a natural gas infrastructure project in Añelo on August 22, bringing gas service to 216 families in the Meseta area through the installation of 4,600 metres of pipeline network.

Guyanese oil output steady in July, poised for surge as new project gets underway

25 August 2025

Guyana's offshore oil production remained stable at 664,000 barrels per day (bpd) in July, according to Guyana’s Oil Ledger, setting the stage for significant expansion following the Yellowtail project's successful startup earlier this month.

Trump administration delays approvals for non-US oil firms in Venezuela

25 August 2025

The Trump administration is holding off on authorising several major Western oil companies to operate in Venezuela, raising pressure on Nicolás Maduro’s regime, even as Chevron Corp retains permission to produce and export crude

Chevron sends first Venezuelan crude to US under new Trump licence

25 August 2025

Two Chevron-chartered tankers carrying Venezuelan crude entered US waters on Aug. 21, marking the first shipments under a new licence issued by the Trump administration

Venezuela’s Citgo share auction narrows to Elliott and Gold Reserve bids

25 August 2025

Court-appointed official Robert Pincus faces a Monday deadline to determine whether Dalinar’s $7.4bn offer, previously favoured, remains the top proposal or if a rival bid surpasses it

Guyana warns Essequibo dispute with Venezuela risks regional destabilisation

25 August 2025

Caracas responded by dismissing Guyana’s concerns as aligned with “dark interests” of US oil giant ExxonMobil

Mexico eyes LNG glory but speedbumps appear in pathway

24 August 2025

Mexico has grand ambitions to be a key LNG exporter, but trade relations with the US, crime, and concerns over feed gas pose as hurdles.

Brazil kicks-off first bio-LNG project with China’s Furui

23 August 2025

Chinese LNG services provider Furui launched Brazil’s first bio-LNG project holding a kick-off meeting with Brazilian executives from a leading agricultural company.

Bahamas picks Nikkiso to provide regasification system for LNG-to-power project

23 August 2025

US clean energy firm Nikkiso has be awarded a contract to offer LNG regasification equipment to Bahamas’ New Providence Gas Project.

Colombia’s Petro warns Venezuela intervention could bankrupt Ecopetrol

22 August 2025

Colombian President Gustavo Petro cautioned that a military intervention in Venezuela would trigger severe economic fallout for Colombia, including the risk of collapse for state oil company Ecopetrol