LatAmOil - Latin America Oil & Gas
Repsol says it’s fully committed to Venezuela as oil output rises
Repsol is maintaining its commitment to Venezuela as the country’s energy sector begins to recover, with the Spanish company seeking to sustain gas supplies for electricity generation while expanding hydrocarbon production
Colombia’s GeoPark plans $6.8bn investment in Venezuela’s bare oil field
Colombian oil producer GeoPark plans to invest $6.8bn over 25 years to develop Venezuela’s Bare field in the Orinoco Oil Belt, while keeping its focus on potential unconventional projects at home, Chief Executive Officer Felipe Bayón said
Rubio defends Venezuela oil pact as US pushes out foreign powers
US Secretary of State Marco Rubio defended Washington’s new energy agreement with Venezuela, presenting the deal as a strategic shift that replaces the influence of China, Russia and Iran in the Western Hemisphere with US companies
Citgo faces new leadership uncertainty as Venezuela moves to reclaim control
Citgo Petroleum is approaching another change in Venezuelan oversight as the government of interim President Delcy Rodríguez moves to dismantle the opposition-backed structure that has supervised the US refiner since 2019
Colombia's Gilinski set to take control of GeoPark through Venezuela oil deal
Grupo Gilinski is set to become the controlling shareholder of GeoPark after the Colombian oil producer agreed to acquire the remaining 95% interest in a holding company linked to Venezuela’s Bare oil block
Trump says Venezuela oil deal secures 500 years of reserves for US
US President Donald Trump said an oil agreement with Venezuela will give the United States access to 65bn barrels of reserves, which he described as equivalent to 500 years of supply
Venezuela oil output hits 1.2mn bpd in August, OPEC data shows
Venezuela’s crude production averaged 1.201mn barrels per day (bpd) in August, according to figures submitted by the Ministry of Hydrocarbons and included in OPEC’s latest monthly report, highlighting the government’s push to restore output
Mexico cuts Pemex aid as financial pressure mounts
Mexico is cutting Pemex’s direct debt support sharply in 2027, testing whether years of state intervention have put the oil giant on a path towards genuine financial independence.
Venezuela continues to weigh impact of US oil deal
The recently announced oil deal between the US and Venezuela continues to draw significant attention as politicians and analysts assess its likely impact.
YPFB commits $9mn to new oil well in bid to boost Bolivian reserves
Bolivia's state oil company YPFB is investing $9mn to drill the SRB NO-6 development well in the Surubí-Mamoré area, aiming to raise crude reserves in the Surubí Noroeste structure, the company said.
Argentina's Neuquén and oil companies agree $154mn road works for Vaca Muerta
Neuquén’s provincial government and 13 oil companies signed an agreement on Tuesday to finance $154mn in road construction and resurfacing works covering 166 kilometres of routes connected to Vaca Muerta.
Argentina expands sanctions process to 15 more people over Falklands oil activities
Argentina has opened sanction proceedings against 15 additional people over alleged unauthorised oil activities in the Falkland Islands, expanding a list already targeting 45 companies and individuals over the dispute involving the remote archipelago
YPF refinances debt as S&P lifts forecasts, keeps rating capped on Argentina risk
Argentine state energy company YPF has launched a debt refinancing operation involving the issuance of up to $1bn in new senior unsecured bonds and a cash offer to repurchase up to $500mn of existing notes due in 2027 and 2029.
Falklands oil dispute escalates as Milei targets Sea Lion amid new leverage for Argentina
Argentina has moved to intensify its campaign against offshore oil development near the Falkland Islands.
Mexico sets out 15-year roadmap to hold oil output at 1.8mn bpd as Pemex remains under pressure
Mexico's federal government aims to sustain national liquid hydrocarbons production at 1.8mn barrels per day until the end of 2039.
Petrobras cleared to drill additional wells at Morpho discovery site
Brazil's environmental regulator Ibama has granted Petrobras permission to drill three additional wells in the block where the company made the Morpho oil discovery.
Bolivia takes steps to tackle deepening fuel crisis
Bolivia's government has ordered an extraordinary and temporary intervention in state oil company YPFB.
Cuba says US fuel restrictions are worsening power generation crisis
Cuba has accused the US of restricting fuel and equipment imports needed to maintain electricity generation, saying the measures are worsening blackouts as Havana prepares to present a report on the economic impact of the US embargo
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