LatAmOil - Latin America Oil & Gas

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Oil & Gas

Region: Latin America   Category: Oil & Gas Frequency: Every Tuesday

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LatAmOil provides oil and gas Insight and Foresight from Mexico and Central America to the Caribbean and South America. From the heavyweight producers such as Brazil to emerging frontiers like Guyana, LatAmOil informs you of what is going on and why through commentary, exclsuive interviews, news and analysis. In such a notoriously challenging environment, in-depth and accurate information makes every difference in vital decision making and strategy – LatAmOil brings this directly to your inbox every week.

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Venezuela says Chevron is operating within rules despite sanctions disruption

25 April 2025

Venezuelan Vice President Delcy Rodríguez has pushed back against claims that state oil company PDVSA halted shipments to Chevron, calling the Reuters report a fabrication and defending the ongoing partnership with the US firm.

Shell's strategic exit from Colombian offshore ventures highlights sector challenges

25 April 2025

British-Dutch multinational Shell has initiated the divestment of its 50% stake in the Fuerte Sur, Purple Angel, and COL-5 offshore gas blocks in Colombia's Caribbean region, a move attributed to strategic portfolio realignment.

Fuel shortages and poor planning ignite protests in Bolivia

25 April 2025

While the government of President Luis Arce seeks to contain growing discontent, thousands of miners and agricultural workers have taken to the streets, demanding urgent structural reforms.

Colombia's GeoPark appoints former Ecopetrol CEO amid energy leadership reshuffle

25 April 2025

GeoPark Ltd., a Colombian oil and gas firm, has named Felipe Bayón, former CEO of Ecopetrol, as its new chief executive and board member, effective June 1 2025.

Brazil’s Petrobras stock falls 15% in April but analysts maintain bullish outlook

25 April 2025

Shares in Brazil’s national oil company (NOC) Petrobras have fallen more than 15% in April, but several leading investment banks are maintaining their buy recommendations, citing attractive dividend yields and valuation metrics

Argentine governors seek Vaca Muerta oil and gas investments in the US

24 April 2025

Following the partial lifting of Argentina's currency controls, four provincial governors are travelling to the United States in search of fresh investments in oil and gas development at the massive Vaca Muerta shale formation.

Stake in Argentina’s Vaca Muerta field changes hands as regional governors seek fresh investments

24 April 2025

Malaysia-based Petronas has sold its 50% stake in Argentina's high-output La Amarga Chica oil field to Vista Energy for around $1.5bn.

Colombia's oil freeze sparks market concern, ex-president Duque warns of fiscal fallout

24 April 2025

Colombia’s suspension of new oil and gas exploration agreements has come under fire from former president Iván Duque Márquez, who warned the strategy could erode energy sovereignty and economic stability.

Tariff tensions may boost Venezuelan oil’s appeal in Asia, economist says

24 April 2025

A Venezuelan economist says that Washington’s latest wave of tariffs on Chinese goods—announced on April 15 and reaching up to 145%—could reduce Beijing’s hesitancy around sourcing oil from Venezuela

Venezuela is facing renewed economic turmoil as sanctions and oil-related challenges intensify

24 April 2025

Washington’s decision to revoke licences that had allowed foreign oil companies, including Chevron, Shell and BP, to operate in Venezuela has been a severe blow .

Chevron diverts tankers as PDVSA blocks Venezuela crude amid sanctions uncertainty

24 April 2025

Chevron is redirecting several tankers originally intended to transport Venezuelan crude to the United States after state oil company Petróleos de Venezuela, S.A. (PDVSA) abruptly revoked loading authorisations

Mexico's Alpek plans Brazil natural gas expansion

24 April 2025

Mexican petrochemical company Alpek is preparing to expand its natural gas operations into Brazil, according to its first-quarter 2025 financial results released on April 22

Venezuela reviews energy output strategy as government targets sustained growth

24 April 2025

Venezuela’s Executive Vice President Delcy Rodríguez convened senior officials from the Ministry of Hydrocarbons and state-owned PDVSA to assess energy production strategies for the latter part of 2025

Citgo share auction clears key hurdle as judge backs Red Tree’s $3.7bn offer

24 April 2025

A US federal judge has approved a $3.7bn bid by Red Tree Investments, a unit of Contrarian Funds, to serve as the minimum offer in a long-running auction of shares tied to Venezuela’s Citgo Petroleum, Reuters reported.

Shell races to complete Venezuela’s Dragón gas survey before US sanctions deadline

24 April 2025

Shell is racing to complete a seismic survey of Venezuela’s Dragón gas field before a key US deadline that could shut down foreign energy operations in the country

Arabia I rig starts Brazil’s Petrobras decommissioning drive

24 April 2025

Borr Drilling’s Arabia I jack-up rig has arrived in Brazilian waters to begin a decommissioning campaign for Petrobras in the Sergipe Basin.

Mexico sends first ULSD shipment from Olmeca refinery as infrastructure lags

23 April 2025

Mexico exported its first cargo of ultra-low sulphur diesel from the new Olmeca refinery in early April, as domestic fuel distribution infrastructure remains inadequate.

Petroperú seeks new operator amid financial strain, strategic pressure at Peru's Block 192

23 April 2025

Peru’s most productive oil asset, Block 192, has once again become the focal point of national energy policy and economic debate.

Oil price slump tests Latin America's fiscal resilience

23 April 2025

A perfect storm of trade tensions, unexpected OPEC+ supply decisions and plummeting oil futures is posing significant challenges to fiscal stability across Latin America and threatening corporate profitability in the region's energy sector.

Gran Tierra bolsters Colombia's balance sheet with $75mn credit line amid volatile market

23 April 2025

Gran Tierra Energy has secured a new reserve-based lending facility totalling $75mn, strengthening its liquidity position as it navigates continued volatility in commodity markets.

Guyana and Suriname look to increase oil and gas exploration

23 April 2025

Guyana and Suriname are ramping up oil and gas exploration activities as they continue their push to become significant players in the global hydrocarbon market.

Vista Energy acquires remaining Petronas stake in Argentina's La Amarga Chica oil field

23 April 2025

Petronas has sold its 50% stake in Argentina's La Amarga Chica oil field to Vista Energy for approximately $1.5bn, positioning the Buenos Aires-based company as the second-largest crude producer in the Vaca Muerta shale basin.

Trinidad and Tobago calls for expression of interest in newly acquired block

23 April 2025

Trinidad and Tobago's national oil company, Heritage Petroleum, has issued a call for expressions of interest for partnership on its recently acquired Preau Block.

Brazil’s energy landscape changes due to sweeping electricity market reforms

23 April 2025

Brazil's energy sector is undergoing significant changes as the government proposes sweeping electricity market reforms while distributed solar generation achieves record growth in the first quarter.

Crude prices climb by 5% amid Trump tariffs & OPEC+ output cuts

23 April 2025

Crude oil prices have increased by 5%, pushed by US sanctions on Iran that were aimed at damaging ‘teapot’ refineries in China, and additional output cuts from the Organisation of the Petroleum Exporting Countries and its allies (OPEC+).

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