LatAmOil - Latin America Oil & Gas

Chevron boosts Venezuelan oil exports as US-Venezuela relations improve

Chevron is set to increase Venezuela's oil exports to their highest levels in seven years, following a thaw in relations between the country and the United States

Venezuela and Turkey deepen energy cooperation in high-level talks

Venezuelan Vice President met with Turkish Energy Minister in Istanbul. The two officials agreed to take immediate, concrete actions to strengthen collaboration in key sectors such as oil, natural gas, and mining

Maduro courts Trump as deportations and oil shape US-Venezuela relations

Despite Trump’s past assertions that the US does not need Venezuelan crude, analysts suggest maintaining Venezuelan production on global markets could serve US interests by stabilising energy prices

Colombia imposes temporary taxes on online betting, oil firms and notaries

The Colombian government has introduced temporary taxes on online betting, oil exports and notarial services, effective until December

Pemex crude quality issues linked to overproduction

Production pressures at PEMEX are causing water seepage into crude oil shipments, experts warned on February 12, as the state oil company grapples with quality control issues amid declining output

Brazil fuel prices hit new highs

Petrol and diesel prices have risen again, reaching their highest levels since the start of President Luiz Inácio Lula da Silva’s government

PEMEX plots $977mn petchem push, eyes stable 1.8MMb/d oil output

Colombia introduces temporary tax on fossil fuels amid fiscal challenges

On February 14, Colombia's government announced the implementation of a 1% tax on fossil fuel production, encompassing oil and coal, effective until year-end.

Brazil’s largest FPSO starts oil production

Petrobras has begun production at the Búzios field offshore Brazil with the FPSO Almirante Tamandaré, built by SBM Offshore.

Mexico’s oil exports hit by crude contamination crisis

Mexico's state-owned petroleum company, Pemex, is grappling with a significant quality control crisis that industry experts say reveals systemic operational deficiencies.

Brazil sets June date for oil licensing round after 18-month gap

Brazil's oil regulator ANP has scheduled its fifth permanent-offer licensing round for June 17, marking the country's return to exploration auctions after an 18-month break.

Guyanese president expresses concern over oil reliance, calls for economic diversification

Guyanese President Dr Irfaan Ali called for his country to avoid becoming overly reliant on oil revenues and instead pursue economic diversification.

Turkey seeks to strengthen energy ties with Venezuela

Brazil’s Brava Energia agrees oil supply deal with Trafigura for Atlanta Field

Brazilian oil producer Brava Energia has agreed to sell 6mn barrels of crude from its Atlanta offshore field to commodities trader Trafigura.

Uruguay weighs offshore oil exploration as environmental concerns grow

Uruguay proposed a 3D seismic prospecting project along the country’s Atlantic coast. The project, seen as a key step in advancing hydrocarbon exploration, is expected to conclude by 2027 if approved

Brazil to auction contested oil blocks despite environmental concerns

Brazil’s National Petroleum Agency (ANP) will proceed with an oil exploration auction on 17 June, including 31 blocks on the Equatorial Margin.

Petrobras eyes African oil stakes amid long-term output plans

Petrobras is in talks to acquire stakes in oil assets in Angola, Namibia and South Africa to expand its reserves as it anticipates a production decline after 2030.

Brazil’s Lula pressures Ibama over Petrobras’ Amazon oil drilling bid

Brazilian President Luiz Inácio Lula da Silva will meet environmental agency Ibama to discuss Petrobras' plan to drill for oil near the Amazon River’s mouth.

Brazil’s Petrobras expands ocean monitoring with $17.3mn investment

Petrobras will invest BRL100mn ($17.3mn) to expand monitoring along the Brazilian coast, from the Pelotas Basin in the south to the Equatorial Margin in the north.

BP Brazil chief to lead bioenergy unit after CEO exit

Trinidad and Tobago looks to expand maritime territory amid heightened interest in deepwater exploration

Trinidad and Tobago has unveiled plans to expand its maritime territory beyond the standard 200-nautical-mile Exclusive Economic Zone, signalling its intention to enhance its offshore resource exploitation capabilities.

OPEC January data challenges Venezuela's million-barrel oil claim

Venezuela's oil output fell to 892,000 barrels per day (bpd) in January, down 18,000 bpd from December, OPEC said in its monthly report on February 12, contradicting government claims of higher production.

Brazil’s Petrobras signs oil export deal, energy pacts with India

Brazil’s national oil company (NOC) Petrobras signed multiple agreements with Indian energy firms this week, including an oil export contract and cooperation deals in exploration and production.

Guyana issues 30-day notice to CGX and Frontera for petroleum licence cancellation

CGX Energy Inc. and Frontera Energy Corp. face a critical challenge in Guyana as the government moves to cancel their petroleum prospecting licence for the Corentyne block.

Guyana's natural gas output catching up to Trinidad and Tobago

Guyana's emergence as a major energy producer continues to reshape regional dynamics, with projections indicating that the country will reach natural gas production of 31.86mn cubic metres per day by 2030.