LatAmOil - Latin America Oil & Gas

Colombian oil pipelines halt operations following explosive attacks

On March 20 2025, two oil pipelines in northeastern Colombia were compelled to cease operations due to explosive attacks.

Brazil plans higher ethanol blend in petrol

Brazil’s government will propose increasing the ethanol blend in petrol from 27% to 30%, according to Mines and Energy Minister Alexandre Silveira.

Chevron presses Trump for Venezuela oil licence reprieve

Chevron is mounting a last-ditch effort to salvage its Venezuelan operations by engaging in intense lobbying at the highest levels of the US government.

Guyana's oil resources expected to boost regional energy security

Guyana's substantial oil resources could play a pivotal role in achieving regional energy security and enhancing CARICOM's global bargaining position, according to Dr Vernon Paltoo, President of the National Energy Corporation of Trinidad and Tobago.

Petroecuador declares force majeure following major oil spill

Ecuador's national oil company, Petroecuador, has declared force majeure on its SOTE pipeline operations following a devastating landslide that ruptured the infrastructure and caused a significant oil spill.

Peruvian oil sector faces crisis amid government interference and Petroperú's operational struggles

The Peruvian hydrocarbon sector is facing increasing uncertainty as recent government actions raise concerns over political interference, regulatory instability and the financial viability of state-owned Petroperú.

Venezuela faces Chevron’s imminent exit amid declining oil production

Chevron faces an abrupt departure from Venezuela after the US Treasury revoked its special licence, a move analysts say could significantly impact on the Latin American country's already fragile economy.

Venezuela’s Maduro escalates attacks on Exxon

Venezuela’s government continues to target Exxon Mobil, accusing the US energy giant of fuelling diplomatic tensions with Guyana over the disputed Essequibo region.

Global interest in Argentina’s Vaca Muerta shale play remains mixed

Petronas may be exiting Argentina's Vaca Muerta shale play, with the Malaysian national oil company launching a process to sell its 50% stake in the La Amarga Chica joint venture with the Latin American country’s state oil company YPF.

Pemex reinvention adopts austerity under Sheinbaum's state-led approach

Mexico's state oil company Pemex is reinforcing its public sector role under President Claudia Sheinbaum's administration as she dismantles the 2013 energy reform and prioritises state control of the energy sector

ExxonMobil Guyana to raise oil output to more than 2.2mn barrels per day

ExxonMobil's Guyana operations are poised to reach a production capacity of nearly 2.2mn barrels of oil equivalent per day by 2030, representing one of the most rapid petroleum development stories in recent history.

Sheinbaum revamps Pemex to tighten state control, Slim negotiates

In a significant shift for Mexico's energy sector, Petróleos Mexicanos (Pemex) has begun a comprehensive restructuring process following President Claudia Sheinbaum's signing of new energy legislation.

Fitch revises outlook for Colombian energy firms

Fitch Ratings has revised the outlook for several Colombian energy companies from stable to negative, following a recent adjustment to Colombia's sovereign rating.

PDVSA prepares contingency plan as Chevron licence nears expiry

Venezuela’s state-run oil company PDVSA has drafted multiple operational strategies to sustain crude output and exports at its largest project with Chevron once the US firm’s licence expires next month

UK STRYDE seismic technology enters Latin American market with EGS acquisition

STRYDE, a leader in onshore nodal seismic technology, has achieved a significant milestone by securing its inaugural sale of the Mini Seismic System in Latin America to Colombia's Energy Geophysical Services SAS (EGS).

Chevron’s exit deals blow to Venezuela’s oil sector and economy

The company faces an abrupt departure after the US Treasury revoked its special licence, a move analysts say could significantly impact Venezuela’s already fragile economy.

Sheinbaum restructures Pemex to tighten state control

In a significant shift for Mexico's energy sector, Petróleos Mexicanos (Pemex) has begun a comprehensive restructuring process following President Claudia Sheinbaum's signing of new energy legislation.

Petrobras signs contracts to tackle pre-salt pipe corrosion issue

Brazil’s national oil company Petrobras has contracted subsea engineering firms Baker Hughes and NOV Flexibles to fix problems related to corrosion.

Petroecuador declares pipeline emergency following rupture

Petroecuador has declared a 60-day emergency for its Trans-Ecuadorian Pipeline System (SOTE) following a pipeline rupture triggered by a landslide amid heavy rains.

Petrobras finds hydrocarbons in exploratory well at Brazil's Aram pre-salt block

Petrobras has identified hydrocarbons while drilling an exploratory well in the pre-salt Santos Basin, marking its latest discovery in the prolific offshore region.

Mexican president to issue energy reform laws

Chevron buys 5% of Hess as Stabroek dispute with Exxon continues

Venezuelans criticise Chevron exit, warn of mafia takeover in oil sector

Henrique Capriles, the former governor of Miranda state, criticised the recent revocation of Chevron's operating licence in Venezuela, describing the move as "bad news" for the nation’s already fragile economy.

Venezuela’s oil production dips amid sanctions and Chevron exit

Venezuela's oil production declined by 6,000 barrels per day (bpd) in February, according to government data published by the Organisation of the Petroleum Exporting Countries (OPEC)

ExxonMobil Guyana to raise oil output to more than 2.2mn barrels per day

ExxonMobil's Guyana operations are poised to reach a production capacity of nearly 2.2mn barrels of oil equivalent per day (bpd) by 2030, representing one of the most rapid petroleum development stories in recent history.