LatAmOil - Latin America Oil & Gas

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Oil & Gas

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

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Overview

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

6 May 2025

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

6 May 2025

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

6 May 2025

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

6 May 2025

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

6 May 2025

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

6 May 2025

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

6 May 2025

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

Hess releases Q1 financial results, revealing Guyana production

5 May 2025

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

5 May 2025

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

5 May 2025

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

5 May 2025

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

5 May 2025

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

5 May 2025

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

4 May 2025

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.

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

2 May 2025

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

2 May 2025

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

2 May 2025

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

1 May 2025

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.

Vaca Muerta governors seek fresh investments as Petronas exits

1 May 2025

Regional governors from the Vaca Muerta shale field have travelled to Houston, Texas for the Offshore Technology Conference in early May to drum up business.

Petro-Victory closes Brazil oil deal

1 May 2025

Petro-Victory Energy has completed the acquisition of Capixaba Energia, an oil and gas asset in Brazil’s Espírito Santo Basin, in partnership with BlueOak Investments, the company said in a press release.

Colombia's Ecopetrol secures $500mn Banco Santander loan amid strategic debt expansion

30 April 2025

Colombia's state-run oil firm Ecopetrol has obtained approval from the Ministry of Finance and Public Credit to secure a $500mn loan from Banco Santander.

Colombia drives 65% revenue surge for Arrow Exploration in 2024

30 April 2025

Arrow Exploration Corp has posted substantial growth across key financial metrics with a 65% revenue increase to $73.7mn for the full year 2024.

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