LatAmOil - Latin America Oil & Gas

ABS awards notation to Guyanese FPSO for sustainability

The FPSO Liza Unity, operated by SBM Offshore, has been awarded the SUSTAIN-2 notation by the American Bureau of Shipping, marking a significant achievement in maritime sustainability standards.

Ecuador's oil future at a crossroads as presidential candidates seek divergent paths

Ecuador President Daniel Noboa's plan to revitalise the country's largest oil field appears to be unravelling amid his challenging re-election campaign ahead of the April 13 runoff vote.

International interest in Argentina's oil assets on the rise as Chevron and Shell boost involvement

Shell and Chevron have joined the Vaca Muerta Sur project as new shareholders, expanding the consortium behind what's been described as “the most important oil transport infrastructure project of the last decades."

Petrobras begins talks on long-term LNG deal with US suppliers

Brazil’s state-owned Petrobras is in the midst of discussions with US LNG suppliers on a long-term import agreement.

Venezuela’s federation of chambers and businesses stands by Maduro’s economic strategy amid Chevron exit

Venezuela’s Federation of Chambers and Businesses (Fedeindustria) reiterated its commitment to driving the nation’s economic development, with its president, Orlando Camacho, securing another term for 2026-2028.

Venezuela’s Maduro escalates attacks on Exxon amid Guyana oil dispute

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

Venezuelan opposition unveils energy plan to attract global investors

Venezuela’s opposition has outlined an ambitious plan to privatise the country’s oil industry, aiming to boost production beyond 3mn barrels per day and transform Venezuela into the “energy hub of the Americas”

Venezuela to resume US deportation flights amid Chevron dispute

Venezuela has agreed to restart deportation flights for its citizens following a brief suspension in response to the Trump administration’s decision to revoke Chevron’s operating license in the country.

Guyana expels 75 Venezuelans from disputed oil region amid escalating tensions

The Essequibo region, which is rich in oil resources, has been a flashpoint between Venezuela and Guyana for decades. Since ExxonMobil’s discovery of substantial crude reserves there in 2015, tensions have grown sharper

Venezuela's oil production falls short of Maduro's regime's claims, OPEC reports

Turkish refiner Tupras reportedly set to receive first Brazilian crude shipment

Chevron seeks alternatives to Venezuelan oil from Latin America and the Middle East

Chevron Corp. is exploring alternatives to replace Venezuelan crude at its refineries, with a focus on oil from Mexico, Brazil, and the Middle East.

Colombia's Ecopetrol Cartagena refinery faces power supply challenges

Ecopetrol's Cartagena Refinery (Reficar) has been experiencing power outages due to design flaws in its electrical substation. To address this issue and ensure uninterrupted fuel supply, Ecopetrol has initiated a comprehensive 15-step action plan.

YPF to divest from offshore Argentine assets to focus on Vaca Muerta

Argentina's national oil company YPF is accelerating its divestiture plans, aiming to offload controlling stakes in offshore exploration projects in Argentina and Uruguay.

Venezuela's Citgo reports $146mn Q4 loss following declining refining margins

The company, in its latest financial report, attributed the decline in part to scheduled maintenance during the second quarter, which disrupted output at a time of already challenging market conditions

Maduro invites global investment in Venezuela’s energy sector

With vast reserves of oil and gas, Maduro insisted that Venezuela has the resources and expertise to drive forward economic expansion despite international sanctions

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

TC energy to boost capacity of Texas-Tuxpan "gateway to southeast" US-Mexico pipeline

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.