LatAmOil - Latin America Oil & Gas

Brazil’s Petrobras begins operations at second natural gas processing module in Rio

Petrobras has started commercial operations at the second module of its Natural Gas Processing Unit (UPGN) at the Boaventura Energy Complex in Itaboraí, Rio de Janeiro state,

Brazil’s Petrobras seeks approval to move drill ship to Amazon Basin

Petrobras has asked Brazil's environmental regulator Ibama for authorisation to relocate the ODN II drill ship to the Foz do Amazonas Basin along the Equatorial Margin, a necessary step for conducting a Pre-Operational Assessment (APO)

Chevron's final chartered tanker began returning oil cargo in Venezuela

The vessel, Dubai Attraction, flagged under the Marshall Islands, had been bound for the United States before PDVSA ordered a reversal of shipments .

Venezuela's oil exports decline nearly 20% in April amid Chevron shipment cancellations

Venezuela’s oil exports saw a significant decline in April, dropping nearly 20% to an average of 700,000 barrels per day, the lowest level in nine months.

Subsea7 wins Brazil’s Petrobras gig worth over $1.25bn

Subsea7, a global subsea engineering and construction services firm serving the offshore energy industry, has been awarded a contract exceeding $1.25bn by Brazil’s Petrobras for work on the Búzios 11 deepwater field in the pre-salt Santos Basin.

Venezuela reaffirms claims over Essequibo as Guyana rejects negotiations

Venezuela reiterated that Guyana must engage in negotiations under the 1996 Geneva Agreement to resolve the longstanding border dispute over the Essequibo region, a territory of nearly 160,000 square kilometres rich in oil and natural resources.

Chevron CEO warns Venezuela exit as China, Russia poised to step In

Chevron CEO Mike Wirth has warned that the company may end its operations in Venezuela as its US licence nears expiry, raising concerns that rivals from China and Russia are poised to capitalise on any American withdrawal.

Trinidad and Tobago’s new PM looks to Venezuela, US for energy revival

Kamla Persad-Bissessar, recently elected Prime Minister of Trinidad and Tobago, signalled her intent to deepen ties with Venezuela in the energy sector.

Colombia's tax demand puts Ecopetrol's financial stability at risk

Ecopetrol, Colombia's state-controlled oil company, is confronting a significant financial challenge following a tax demand from the national tax authority, DIAN, amounting to COP 9.4 trillion (approximately $2.2bn) for value-added tax (VAT)

Colombia's Ecopetrol faces $2.2bn tax demand amid fiscal pressures

Colombia's tax authority, DIAN, has issued a significant tax demand to state-controlled oil company Ecopetrol, requiring payment of approximately $2.19bn (COP 9.4trillion) for value-added tax (VAT) on fuel imports from 2022 to 2024.

Venezuela seeks boost in Chinese oil purchases ahead of US exit deadline

Venezuela urged China to ramp up oil purchases and assist with diluent supplies as the country prepares for the forced withdrawal of Chevron and other foreign energy firms under renewed US sanctions

Oil drops, Brazil’s Petrobras cuts diesel

Hess releases Q1 financial results, revealing Guyana production

Hess Corp. reported $559mn in adjusted net income for Q1 2025, representing a 42% drop compared to the same period last year.

ExxonMobil, Chevron's arbitration date over Hess acquisition with Guyana at the forefront set for May 26

ExxonMobil and Chevron's arbitration over the latter's proposed $53bn acquisition of Hess is scheduled for 26 May, Reuters reported, citing sources familiar with the matter.

Golar LNG makes FID for Argentine floating LNG vessel

Golar LNG has confirmed the final investment decision for the 20-year re-deployment charter of the floating LNG vessel Hilli Episeyo off Argentina's coast.

Pan American Energy makes FID on landmark Argentine LNG export project

Pan American Energy and partners have reached the final investment decision for the Southern Energy floating liquefied natural gas export project in Argentina.

Guyana introduces oil pollution bill to ensure accountability

Guyana's government has introduced a comprehensive oil pollution bill to Parliament that would hold responsible parties liable for damages caused by oil spills, including those from vessels.

OPEC+ members agree to add to production levels

A core group within the OPEC+ alliance has pressed ahead with plans to increase crude oil production for a third consecutive month

Argentina LNG deal signals energy shift near Brazil

Pan-American Energy and partners Pampa Energía, Harbour Energy, YPF and Golar LNG have approved the final investment decision (FID) for Argentina’s Southern Energy FLNG export project.

Brazil contracts keep Norwegian oil vessels busy

US sanctions Mexican fuel theft network linked to CJNG cartel

ExxonMobil Guyana to relinquish at least 9% share in Stabroek Block

ExxonMobil will relinquish at least 9% of Guyana's prolific Stabroek Block as required by its petroleum agreement, the Ministry of Natural Resources confirmed.

Latam Geopark taps former Colombia's Ecopetrol chief as new executive leader

Former Ecopetrol head Felipe Bayon will take the helm at Latin American energy firm Geopark as chief executive officer starting 1 June.

Colombian oil group urges action amid dwindling reserves

The Colombian Association of Petroleum, Gas and Energy Service Companies (Campetrol) has proposed several urgent measures to address the nation's declining exploration and production activities in the oil and gas sector.

Brazil’s Petrobras output slips as Asia oil sales shift

Brazil’s Petrobras produced 2.77mn barrels of oil equivalent per day in the first quarter of 2025, down 0.2% year on year, the state-run company said in a press release.