LatAmOil - Latin America Oil & Gas

Trinidad and Tobago looks to lead energy sector innovation amid deal with ExxonMobil

Trinidad and Tobago has secured a major deepwater exploration agreement with ExxonMobil involving potential investments of up to $21.7bn, marking the energy giant's return to the Caribbean nation after a 20-year absence.

Mexican government clashes with Ancira over $112mn Pemex reparation deal

The Mexican government has escalated its dispute with former Altos Hornos de México owner Alonso Ancira over an unfulfilled $112mn payment to Pemex, with prosecutors threatening to reactivate criminal proceedings against the businessman

Energy giants flee Colombia as fiscal crisis deepens

International petroleum majors are accelerating their retreat from Colombia as President Gustavo Petro's anti-fossil fuel policies trigger an investment exodus.

Guyana and Suriname boom, but more state control in Suriname

Although Guyana and Suriname share geography, culture, and offshore geology, the two small South American nations are at different points in their oil and gas journeys.

ExxonMobil returns to Trinidad and Tobago after striking historic deal

ExxonMobil has secured a major deepwater exploration deal with Trinidad and Tobago that could involve investments of up to $21.7bn, marking the company's return to the Caribbean nation after a 20-year absence.

GeoPark seeks to re-enter Argentine oil and gas sector

GeoPark is planning a strategic return to Argentina's oil sector, with CEO Felipe Bayón confirming active negotiations with multiple provinces, particularly Neuquén.

Brazil’s Petrobras emergency drill planned for Foz do Amazonas licence bid

Brazil's environmental regulator Ibama and national oil company (NOC) Petrobras have arranged a disaster response exercise in the Foz do Amazonas region for the week beginning August 24.

OPEC output rises in July as Venezuela’s figures clash with market data

Venezuela reported a 15,000-barrel daily increase in July to 1.084mn barrels, aligning with Nicolás Maduro’s goal of sustaining output above 1mn bpd — a target unmet for five years

Guyana backs Venezuela’s ICJ filing as Exxon row intensifies over Essequibo

Amber Energy tables $8.8bn offer in Citgo auction’s final stretch

Amber Energy, a unit of Elliott Investment Management, has entered a late bid exceeding $8.82bn for shares in Citgo Petroleum, as the court-supervised auction nears its conclusion

TotalEnergies to sell Argentine shale assets to YPF, Vaca Muerta faces market dynamics

France's TotalEnergies has agreed to sell its 45% stake in two unconventional oil and gas blocks in Argentina's Vaca Muerta shale formation to Argentina's national oil company YPF.

Chevron resumes Venezuelan exports, regains authorisation to import to US

Chevron Corp. has restarted Venezuelan crude shipments to the United States after a months-long pause, with the first cargo under its new restricted licence set to depart this week.

ExxonMobil could invest $21.7bn in Trinidad and Tobago

For the first time in two decades, ExxonMobil has returned to Trinidad and Tobago, and could invest $21.7bn in a region close to the Stabroek block off Guyana.

Brazil’s Petrobras posts $4.89bn Q2 profit despite oil price decline

Brazil’s national oil company Petrobras reported a second-quarter net profit of $4.89bn.

Prominent US-based think tank denies bias in Venezuela research

The US-based Atlantic Council has dismissed allegations that its work on Venezuela policy has been influenced by donations from the US supermajor Chevron Corp., following claims by a former member of its Venezuela working group.

Brazil’s Petrobras nears Amazon offshore drilling permit

Brazil’s state-run oil company Petrobras is moving closer to securing approval to drill in the Foz do Amazonas area of the Equatorial Margin, according to Senator Randolfe Rodrigues.

Ecuador's gas prices rise in August

Ecuador's gasoline prices have increased and will remain in effect until September 11, according to the National Chamber of Petroleum Derivatives Distributors.

YPF announces SAF production investment in Argentina

Argentine national oil company YPF has announced a $400mn investment to produce sustainable aviation fuel through a new joint venture with Essential Energy.

Tecpetrol to spend $2.5bn on boosting Argentine oil production

Tecpetrol, the oil arm of Techint Group, has unveiled plans to invest over $2.5bn to quintuple its crude oil production in Vaca Muerta from 20,000 to 100,000 barrels per day, CEO Ricardo Markous announced.

Mexico renews voluntary gasoline price cap at $1.29 per litre

Mexican President Claudia Sheinbaum announced on August 12 that the government will extend its voluntary agreement with gasoline retailers to maintain regular fuel prices at MXN24 ($1.29) per litre through a renewed six-month commitment

Texas businessmen charged with bribing Pemex officials for $2.5mn contracts in Mexico

Amigo LNG secures marine contractor as Mexico export project advances

Mexican liquefied natural gas developer Amigo LNG has contracted Constructora Manzanillo SA de CV for marine infrastructure construction at its planned Guaymas export facility

Mexico's Pemex explores lithium extraction from oilfield brines in diversification push

Chevron resumes Venezuelan oil exports to US under new curbs

Chevron Corp. has restarted Venezuelan crude shipments to the United States after a months-long pause, with the first cargo under its new restricted licence set to depart this week

Venezuela’s Citgo auction sees Vitol challenge Gold Reserve’s lead with higher offer

The battle for control of Citgo Petroleum, Venezuela’s prized US refining asset, has intensified as a Vitol subsidiary pushes to dislodge a Gold Reserve-led consortium from pole position in the court-ordered auction