LatAmOil - Latin America Oil & Gas

Mexico quietly designs Orión 2 debt vehicle to tackle Pemex's legacy supplier obligations

YPF backs Pemex push into unconventional resources, cites Argentina shale success

Argentina’s energy company YPF has welcomed Mexico’s move to develop unconventional oil and gas resources, with its chief executive saying the opportunity could be significant if public policy and private sector interests are aligned.

Trinidad faces unique growth opportunity amid return of Venezuelan crude and Hormuz closure

Venezuela's re-entry into international oil markets could provide critical feedstock for Trinidad and Tobago's refinery restart ambitions, the Energy Chamber of Trinidad and Tobago said in an April 20 statement.

Brazil gas pipeline sector eyes $6bn in investment after capacity auction

Brazil's second national capacity reserve auction is set to trigger a wave of investment in the country's natural gas pipeline network, with the sector's main transporters planning combined spending of around BRL30bn ($6bn) through 2033.

Brazil’s Coamo bets on corn ethanol push

Coamo has issued BRL500mn ($100.45mn) in debt to fund construction of a corn ethanol plant in Paraná state, according to filings with Brazil’s securities regulator and local media reports.

Argentina provinces launch oil block tenders to boost Vaca Muerta investment

Argentina’s provinces of Neuquén and Mendoza are advancing new licensing rounds for oil and gas blocks as part of a broader push to attract international investment and expand production in the Vaca Muerta shale formation.

Argentina's Neuquén province to auction 15 new oil and gas blocks

Argentina's Neuquén province will auction 15 hydrocarbon areas in August, marking a strategic push by Gas y Petróleo del Neuquén (GyP) to accelerate Vaca Muerta development and attract new investors to the country's most productive shale basin.

Guyana central to solving global oil supply crunch, Wood Mackenzie finds

ExxonMobil's offshore Guyana discoveries have emerged as critical assets in addressing a looming global oil supply deficit, according to new analysis from Wood Mackenzie.

Venezuelan crude revival raises prospect of fresh feedstock supply for Trinidad

Renewed Venezuelan crude exports to the United States have renewed discussion in Trinidad and Tobago about potential feedstock sources for a planned refinery restart, the Energy Chamber of Trinidad said.

Panama Canal auction prices quadruple as Hormuz closure reshapes global energy flows

A Chinese tanker just paid $4mn to jump the Panama queue. With Hormuz near-closed, the canal has become the world's most contested shipping lane — and prices are only heading one way.

Bolivia says Morales-era gas nationalisation failed as output plunges

Bolivia’s government has sharpened its criticism of the hydrocarbons nationalisation model introduced in 2006 under Evo Morales, arguing that the policy failed to deliver long-term stability as falling production erodes export revenues.

Uruguayan court backs offshore seismic survey in win for Chevron-licensed exploration

A Montevideo civil court last week ruled in favour of offshore hydrocarbon exploration off Uruguay's coast, rejecting a bid by environmental groups and fishing unions to suspend seismic survey work being carried out by Viridien on a Chevron block.

Oil price divergence in a time of crisis

Colombia's Valencia pledges fracking push as nation gas debate shapes election

Colombian presidential candidate Paloma Valencia said Colombia should expand domestic oil and gas production, including hydraulic fracturing, to address a growing gas supply deficit, injecting energy security more directly into the election debate

Colombia's TGI seeks awards for eight gas projects in national supply push

Transportadora de Gas Internacional has submitted bids for eight natural gas infrastructure projects worth about $500mn as Colombia seeks to expand supply capacity and address an anticipated deficit

Sirius gas project advances as Colombia consultations pass halfway mark

Colombia’s Sirius offshore gas project has completed more than half of the 120 prior consultations required for development, marking progress for a project seen as central to easing the country’s gas supply constraints.

Belarus Lukashenko warns US against Cuba escalation as energy pressure deepens

Belarusian President Alexander Lukashenko warned the United States against military action involving Cuba, while renewed pressure on Havana through US measures targeting oil supplies has heightened geopolitical and energy risks

Colombia's Ecopetrol advances regasification projects as nation seeks gas supply buffer

Ecopetrol is accelerating three regasification projects, with two expected to begin operations in 2026, as Colombia moves to bolster natural gas supply amid declining domestic fields and rising import dependence

Brazil, Spain, Mexico urge action on Cuba as diplomatic pressure builds

US, Cuba resume direct talks as energy crisis raises stakes

US and Cuban officials held talks in Havana this month in the first confirmed US government flight to the island outside Guantánamo Bay since 2016, as Washington pressed for economic reforms and Havana sought relief from energy restrictions

Machado courts Spanish backing, eyes energy investment in Venezuela

Machado argued that global developments have underscored the importance of reliable partners in the West, pointing to the country’s capacity in oil, gas and electricity

Brazil oil royalties fight reaches top court

Espírito Santo state will argue before Brazil’s Supreme Federal Court on May 6 that Law 12,734 of 2012, which redistributes oil royalties to non-producing regions, is unconstitutional.

Brazil’s Petrobras nears output at Buzios 8

Petrobras has concluded the interconnection phase for the Búzios 8 project, clearing the way for initial output from the P-79 platform in the Búzios field, pending approval from Brazil’s oil regulator ANP.

Colombia's Petro to hold Caracas talks with Rodríguez on trade, energy, security

Colombian President Gustavo Petro will travel to Caracas on April 24 for talks with Venezuela’s acting president, Delcy Rodríguez, focused on security, trade and energy cooperation

Guyana's fifth offshore project Uaru to use more subsea tiebacks than any previous Stabroek development