LatAmOil - Latin America Oil & Gas

LNG Energy signs deal for $200mn Venezuela oil venture

The companies plan to establish a new US-based joint venture company focused on existing and future Venezuelan energy blocks

US removes sanctions on two tankers tied to Venezuelan oil trade

The Treasury Department’s Office of Foreign Assets Control said the tankers Despina Andrianna and Magus had been removed from sanctions lists after an interagency review covering dozens of entities considered outdated

Chevron sees Venezuela output reaching 250,000 bpd within two years

The company projected a further 50% increase in production by the end of 2028 if authorities provide stronger legal guarantees and maintain favourable investment conditions

Rodríguez says more oil companies are preparing to enter Venezuela

The interim leader said new hydrocarbon companies will begin arriving in the country “in the coming weeks” as her government intensifies efforts to attract foreign and private investment following a rapprochement with the United States

GMO investor’s Venezuela bet delivers windfall after bond rally

When most investors abandoned Venezuela after its 2017 default, Tina Vandersteel moved in the opposite direction, steadily accumulating distressed bonds that many funds had already written off as worthless

Exxon and ConocoPhillips push for stronger guarantees in Venezuela return talks

The negotiations have gathered momentum alongside the Trump administration’s effort to revive Venezuela’s oil industry after Nicolás Maduro’s ouster

Tango Energy completes takeover of Aconcagua Energía after restructuring process

Tango Energy has completed the acquisition and integration of Argentine oil producer Aconcagua Energía, marking the final exit of the company’s founding partners and concluding a restructuring process.

Neuquén monitors methane emissions at 124 inactive oil and gas wells

Authorities in Argentina’s Neuquén province have carried out a methane emissions monitoring campaign at 124 inactive and abandoned oil and gas wells as part of efforts to assess environmental and safety risks linked to hydrocarbon operations.

Mexico's private fuel import market opens up as more firms win permits

Fitch upgrades YPF ratings to ‘B-’ after Argentina sovereign upgrade

YPF received an upgrade to its long-term foreign and local currency issuer default ratings to ‘B-’ from ‘CCC+’ by Fitch Ratings, following the agency’s recent upgrade of Argentina’s sovereign credit rating.

Arrow Exploration posts stronger Q1 results after Colombia output rises

Arrow Exploration reported higher first-quarter revenue and earnings after increased production from its Colombian assets boosted cash flow and operating margins, the company said in its interim results statement.

Mexico's Pemex crude output edges up 1.4% y/y in April as Olmeca refinery slumps to 43% capacity

Venezuela debt restructuring could support oil sector recovery but faces major hurdles

Guyana's oil fund tops $4bn for first time amid Middle East conflict

Guyana's Natural Resource Fund surpassed $4bn for the first time.

BW Energy targets 100,000 boepd growth after Brazil, Gabon investments

BW Energy Limited will start a new infill drilling campaign at the Golfinho licence off Brazil, which with a FID on the Bourdon offshore development in Gabon will allow it to target production growth above 100,000 boepd.

ExxonMobil nears Venezuela return in major shift, ConocoPhillips still wary

Exxon Mobil is in talks to re-enter Venezuela nearly two decades after abandoning the country following the nationalisations carried out under former President Hugo Chávez, but ConocoPhillips remains unsure of entry to Venezuela's oil sector.

Venezuela pins oil recovery on reviving gas sector, ENI and Repsol aim to double output

Venezuela’s hopes of rebuilding its oil industry are increasingly tied to the recovery of its struggling natural gas sector, as officials and private operators push for fresh investment to revive ageing infrastructure and stalled projects.

Brazil stakes claim on oil and minerals

Brazilian President Luiz Inácio Lula da Silva said Brazil must use its oil and mineral reserves to strengthen domestic industry and protect national interests, linking energy and mining policy directly to sovereignty.

Brazil’s BNDES cuts stakes in energy firms

Brazilian development bank - BNDES - has reduced holdings in Petrobras and Axia Energia this month through share sales carried out by its investment arm BNDESPar, according to four sources familiar with the matter.

Brazil field restart lifts Karoon output

Karoon Energy has resumed production at its Baúna offshore project in Brazil after completing a planned 28-day shutdown tied to maintenance and upgrades at the floating production, storage and offloading unit, the company said.

Brazil extends Petrobras drilling deal

Baker Hughes has won a contract extension from Petrobras to provide integrated well construction services in the Santos Basin offshore Brazil, expanding an agreement first announced in early 2024.

Venezuela is again one of Latin America’s top oil producers, exports to US highest since 2018

Venezuela consolidated its position as one of the three largest crude oil producers in Latin America and the Caribbean in January 2026.

Argentina's Neuquén province hits all-time oil production high in April

Neuquén province set a new crude oil production record in April 2026, reaching 628,924 barrels per day, consolidating Vaca Muerta's position as Argentina's hydrocarbon engine.

ExxonMobil to add 1,600 jobs and gas output spike to Guyana through new projects

Guyana is set to gain up to 1,600 jobs and a fresh spike in gas output as ExxonMobil seeks to advance its planned Longtail and Haimara projects.

Argentine industries face winter gas shortages after failed LNG tender

Argentine industries risk running short of natural gas this winter following the collapse of a government liquefied natural gas (LNG) tender, rising global energy prices and increased domestic demand driven by colder-than-normal temperatures.