LatAmOil - Latin America Oil & Gas

Venezuela reaffirms commitment to OPEC production discipline

Caracas stressed that energy should serve as a driver for development rather than a tool for speculation, particularly amid the ongoing global energy transition

Colombia's exports to US shift from energy to non-mining goods under trade pact

Brazil's Elea Data Centers to construct 30MW São Paulo facility for Petrobras

Transocean secures $243mn in ultra-deepwater drillship contract extensions

BP and Brazil’s Petrobras extend Transocean rigs

Offshore drilling contractor Transocean said it secured around $243mn in backlog after BP and Petrobras exercised contract options to keep two ultra-deepwater drillships in operation in the Gulf of Mexico and Brazil.

Brazil to boost LPG imports for subsidy scheme

Brazil’s main LPG distributors will increase imports, largely from the United States, to supply demand expected from the government’s Gas do Povo subsidy, executives said during Liquid Gas Week in Rio de Janeiro.

Colombia's Ecopetrol unit explores crude imports to revive dormant Pacific terminal

Brazil maps out $6.4bn natural gas, biomethane infrastructure expansion

Brazil's state energy research firm EPE has identified infrastructure projects for natural gas and biomethane development requiring BRL34.4bn ($6.44bn) in capital investment.

US and Trinidad strengthen energy controls to limit Maduro revenue

The United States and Trinidad and Tobago have reaffirmed coordinated measures to prevent Venezuelan natural gas projects from benefiting Nicolás Maduro’s regime

Venezuelan oil exports reach highest monthly level since 2020

Venezuela’s crude exports surged to 1.09mn barrels per day (bpd) in September, marking a 13 percent increase from August and the highest monthly volume since February 2020

Venezuela urges African countries to unite on “energy sovereignty”

Rodríguez framed the partnership as a strategic alignment, urging governments and investors to act “as a single force” to create a shared energy vision for the future

Venezuelan oil trade rife with irregular tanker activity

Nearly half of the tankers operating in Venezuelan waters last month were flagged for irregularities, according to a report by Transparencia Venezuela

Saipem completes Guyana's first subsea structure for ExxonMobil project

Italian energy services contractor Saipem has finished construction of Guyana's first locally-built subsea structure, destined for ExxonMobil's Uaru development.

Argentina approves decade-long extension for YPF pipeline concessions

Argentina's government has granted state oil firm YPF a ten-year extension to its hydrocarbon transportation concessions, commencing in November 2027, across six provinces including Neuquén, Mendoza, San Luis, Córdoba, Santa Fe and Buenos Aires.

Around 31% of upstream portfolio of Colombia's Ecopetrol vulnerable to energy transition, says study

Approximately 31% of Ecopetrol's upstream oil and gas investment portfolio—valued at nearly $6bn—remains vulnerable over the coming decade under moderate renewable energy transition scenarios.

Mexico's Pemex clinches $2bn deal but still faces worsening debt

Mexican businessman Carlos Slim, the Latin American country's richest man, has expanded his involvement in Mexico's hydrocarbons sector through a new drilling agreement with state-owned oil company Pemex.

As Washington-Caracas tensions rise, all eyes on Venezuela's oil

Venezuela’ Nicolás Maduro has accused Washington of using counternarcotics operations in the Caribbean as cover for regime change and control over his nation’s vast oil wealth, the Financial Times reported.

Slim doubles down on Mexico’s Pemex with $2bn drilling deal

Billionaire Carlos Slim's Grupo Carso signed a $1.99bn contract with Mexican state oil company Pemex to drill 32 wells at the Ixachi natural gas field in Veracruz over the next three years, Brazil Energy Insight reported.

Arrow Exploration reports Mateguafa Oeste-1 update in Colombia

Arrow Exploration will abandon its Mateguafa Oeste-1 exploration well in Colombia's Llanos Basin after encountering insufficient oil pay, marking the company's first unsuccessful drilling outcome across 40 wells since operations commenced.

Brazil's Braskem shares rebound on ownership approval despite triple credit downgrades

Norwegian offshore operator DOF Group lands Brazil, Argentine deals worth $390mn

Norwegian offshore services provider DOF Group has secured three new agreements plus a contract extension in South America from Brazil’s national oil company (NOC) Petrobras and France’s major TotalEnergies respectively.

TechnipFMC awarded subsea contract for ExxonMobil's seventh Guyanese development

Energy technology firm TechnipFMC has won a substantial subsea assignment supporting ExxonMobil Guyana's offshore Hammerhead oil project in the Stabroek block

PetroReconcavo acquires 50% stake in Brazilian gas midstream assets

PetroReconcavo has finalised the purchase of a 50% stake in natural gas midstream infrastructure in Rio Grande do Norte from Brava Energia’s subsidiary 3R Potiguar.

Brazil aims to quadruple sustainable fuels by 2035

Brazil plans to present a proposal to increase global production and use of sustainable fuels, including biofuels, biogases, synthetic fuels and hydrogen, by four times by 2035, the UN Cop 30 presidency said.

Vallourec secures Brazil’s Petrobras anti-scaling order

French tubular solutions provider Vallourec has secured an order from Petrobras for its Submagnético Free Flow oil country tubular goods (OCTG) system, designed to limit inorganic scaling in production strings.