LatAmOil - Latin America Oil & Gas

Mooring system installation marks milestone for ExxonMobil's fifth Guyanese oil development

Oil-rich Guyana attracts thousands of Cuban construction workers amid building surge

China snaps up US-seized Venezuelan crude

China has purchased Venezuelan crude oil that was sold by the US following Washington’s seizure of President Nicolás Maduro in January and a number of the country’s oil tankers.

Trinidad and Tobago's Atlantic LNG shuts down second liquefaction train in February

Atlantic LNG has shut down Train 3 for emergency repairs.

Colombia eyes cheaper Venezuelan gas as sanctions ease and Bogotá seeks energy relief

Colombia's president Gustavo Petro announced that his government would begin importing natural gas from Venezuela at significantly reduced prices, signalling a notable shift in the country's energy strategy

Vista Energy credit profile bolstered by $712mn Argentina asset deal, Fitch says

Vista Energy’s agreement to acquire non-operated interests in Argentine energy assets from Equinor is a "credit positive" development that will significantly increase the firm's production scale and reserves, Fitch Ratings reported.

Bolivia vice-president files corruption complaint over state oil contracts

Political tensions in Bolivia have intensified after Vice-President Edmand Lara lodged a criminal complaint against the head of state oil company YPFB, accusing its president Yussef Akly of irregular fuel procurement deals.

Fitch upgrades GeoPark outlook on Colombia acquisition plans

Fitch Ratings has revised its outlook for GeoPark Limited to positive from stable whilst affirming the oil and gas producer's long-term foreign and local currency issuer default ratings at 'B+', the ratings agency said.

YPF, Eni and XRG sign joint accord to advance Argentina LNG project

YPF, Italy’s Eni and XRG have signed a binding Joint Development Agreement to move forward with the Argentina LNG project, a large-scale initiative aimed at producing and exporting liquefied natural gas from the Vaca Muerta formation.

Brazil’s Raízen debt talks intensify

Bondholders holding Raízen’s international debt have appointed Moelis to advise on a restructuring of the company’s liabilities. The creditor group is also working with law firm White & Case as discussions advance.