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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Venezuelan opposition proposes energy reform to attract international investment
The move comes at a time when opposition leaders see an opportunity to exert pressure on Nicolás Maduro’s regime, especially after US President Donald Trump’s administration revoked Chevron’s licence to operate in Venezuela
Venezuela’s parliament condemn ExxonMobil’s alleged lobbying campaign
Lawmakers accused the US energy giant of conspiring against Venezuela in coordination with Guyana’s government, citing concerns over sovereignty and foreign interference
Venezuela’s business sector warns of severe economic impact following suspension of Chevron’s licence
As the oil industry remains one of Venezuela’s primary sources of foreign currency, the termination of the licence is expected to dampen economic growth projections and affect a wide range of businesses
Pemex to spud two shallow-water wells in Gulf of Mexico
President Noboa's plan to revitalise Ecuador's largest oil field failing ahead of election
Ecuador President Daniel Noboa's ambitious plan to revitalise the country's largest oil field appears to be unravelling as he navigates a challenging re-election campaign ahead of a runoff vote on April 13.
Guyana seeks to export crude to United States
Guyana is exploring a new approach to its rapidly growing oil sector, with plans to potentially export crude to the United States for refining and reimport refined fuel products, President Irfaan Ali announced at Houston's CERAWeek conference.
Shell and Chevron join Argentine Vaca Muerta oil consortium
Shell Argentina and Chevron Argentina have joined the Vaca Muerta Sur (VMOS) project as new shareholders, expanding the consortium behind what is being called “the most important oil transport infrastructure project of the last decades.”
Guyana seeks peaceful resolution to Venezuela border spat
President Irfaan Ali of Guyana expressed his desire to reach a peaceful resolution in the ongoing border dispute with Venezuela over the oil-rich Essequibo region ahead of an anticipated ruling from the ICJ.
Maduro threatens action over Guyana’s oil in disputed Essequibo, but investment unabated
Venezuela’s Nicolás Maduro warned that his government would take decisive measures to address what he described as an "illegal action" by Guyana in a maritime area he claims remains "pending international delimitation".
Longtail becoming ExxonMobil's largest Guyanese oil and gas project, EPA consultations start
ExxonMobil's eighth offshore Guyana project is set to become the consortium's largest gas development in the prolific Stabroek Block, according to environmental authorisation documents published by the Guyanese government.
Chevron seeks alternatives to Venezuelan oil, Maduro regime slams ExxonMobil for alleged meddling
Chevron is exploring options to replace Venezuelan crude at its refineries, looking to Mexico, Brazil, and the Middle East for alternative supplies and the Maduro regime slams ExxonMobil for alleged meddling
Brazilian refinery completes test to produce fuel from eucalyptus
Brazil’s national oil company (NOC) Petrobras-controlled Riograndense refinery has successfully completed tests to produce fuels from eucalyptus biomass in Brazil's southern Rio Grande do Sul state
Petro-Victory and BlueOak to acquire Brazilian oil producer for $17.5mn
Petro-Victory Energy and BlueOak Investments have signed an agreement to acquire Brazilian onshore oil producer Capixaba Energia LTDA for $17.5mn, including earn-outs
Brazil unveils vision for COP30 amid criticism over fossil fuel stance
Brazil unveiled this week its plans for the UN’s climate summit COP30 in November, a move welcomed by climate activists who however criticised the presidency's letter for ignoring fossil fuels' primary role in global warming
ExxonMobil Guyana enters environmental consultations with EPA over major offshore projects
Guyana’s Environmental Protection Agency has announced a series of public consultations for ExxonMobil Guyana’s proposed Longtail and Hammerhead offshore oil projects, marking the next phase in the country's rapidly expanding petroleum sector.
Brazil’s Petrobras confirms significant gas potential offshore Colombia
Brazil’s national oil company Petrobras and its Colombian peer Ecopetrol said they have completed a drill stem test that confirms substantial natural gas resources in Colombia's offshore waters
Longtail to become ExxonMobil's largest oil and gas project in Guyana
ExxonMobil's eighth offshore Guyana project is set to become the consortium's largest natural gas development in the prolific Stabroek Block, according to environmental authorisation documents published by the Guyanese government.
International oil investment boosts Guyana's local employment
Guyana's oil sector is continuing to boost employment in the South American country, with foreign direct investment driving job creation and local business participation across multiple sectors.
Argentina's YPF reports record shale production in Q4 earnings call
Argentina's national oil company, YPF, reported record shale oil production in its Q4 2024 earnings call, cementing its position as a key player in the development of the Vaca Muerta formation.
Pampa Energía achieves record gas production thanks to Argentine projects
Pampa Energía has achieved record gas production while advancing its oil development projects in Argentina's prolific Vaca Muerta formation, positioning itself as a dominant player in the country's energy sector.
Argentine oil and grain unions announce nationwide strikes
Argentina's oil and grain export sectors face significant disruption as key unions have announced a nationwide strike, affecting all oil plants and ports across the country.
COMMENT: Chevron’s Venezuela licence is gone. What happens next?
Trump's shock termination of Chevron's Venezuela licence threatens to destabilise an already fragile economy. The move could trigger currency collapse, disrupt global oil markets, and push more Venezuelans into exile.
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