LatAmOil - Latin America Oil & Gas

Bolivia intervenes in state oil firm YPFB, launches anti-corruption drive over fuel shortages

Bolivia's government intervened in state oil company Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) on August 5 and announced a restructuring of public hydrocarbons firms.

Colombia's president-elect raises hopes for oil and gas revival, yet challenges loom

Gran Tierra sells Colombian, Ecuadorian oil assets to Maurel & Prom for $1.3bn including debt

Canadian oil and gas producer Gran Tierra Energy has agreed to sell its Colombian and Ecuadorean oil business to France's Maurel & Prom for $1.33bn, including debt, in a move that will end its presence in South America.

Brazil’s Petrobras Q2 profit nearly doubles to over $10bn on higher output, oil prices

Petrobras reported a net profit of $10.3bn in the second quarter, up 96.8% year on year and its best nominal result since the second quarter of 2022 as record production and a surge in oil prices tied to the Middle East conflict boosted earnings.

ECOnnect selected to provide floating LNG terminal for the Bahamas

Norwegian energy equipment and marine infrastructure company ECOnnect Energy has inked a deal with New Providence Gas to provide a floating LNG import terminal to Bahamas.