LatAmOil - Latin America Oil & Gas

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.

Chevron relying on Hess Guyana stake to boost profitability

Major US oil producer Chevron is looking to strengthen its portfolio through the $53bn acquisition of Hess Corp, with particular interest in Hess's lucrative Guyana assets, where over 11bn barrels of oil equivalent resources have been discovered.

Maurel & Prom expands in Colombia with $150mn gas licence deal

French oil major Maurel & Prom (M&P) has entered into an agreement to acquire a 40% operating interest in the Sinu-9 gas block in Colombia, marking a significant expansion of its Latin American portfolio.

Maduro’s regime seeks US help to extradite opposition figures over alleged Citgo asset theft

Venezuela’s public ministry plans to formally request legal cooperation from the US to pursue corruption charges against several opposition figures, including the former National Assembly leader, Juan Guaidó.

US midstream and other oil, gas projects may get pricier with Trump’s latest tariffs

Oil and gas drilling equipment and pipelines are made of steel and aluminium. And with Trump's latest tariffs, building new transmission lines, which are necessary for rapidly growing gas-fuelled electricity, would get more expensive.

Colombia's Ecopetrol faces production cut as Petro pushes fracking exit

Colombia’s state-run oil company, Ecopetrol, could see daily output shrink by 90,000 barrels if it withdraws from its fracking operations in the US.

PEMEX, Carso renegotiate $15bn Lakach gas deal

Brazil’s Petrobras eyes Indian deepwater oil blocks in global expansion push

Brazil's national oil company Petrobras is evaluating opportunities in India's deepwater and ultra-deepwater crude blocks as it seeks to diversify its reserves beyond its traditional pre-salt fields.

PDVSA ramps up light crude imports as domestic supply struggles

Venezuela’s state oil company PDVSA has resumed steady imports of light crude to compensate for declining domestic production, which has created bottlenecks in the production of export-grade blends

Guyana government to terminate Frontera Energy and CGX license for offshore block

Guyana's government has moved to terminate Frontera Energy Corporation and CGX Energy's license for the Corentyne offshore block, marking a significant shift in the country's handling of petroleum agreements with international operators.