LatAmOil - Latin America Oil & Gas

Blue Water pitches $10bn offer for Citgo in Delaware court

Blue Water Venture Partners, a firm tied to Joseph Hernandez, has asked a Delaware federal court to allow consideration of its unsolicited $10bn proposal for Citgo Petroleum Corp’s assets

GeoPark's Vaca Muerta acquisition enhances profile but leaves rating unchanged, Fitch says

Fitch views GeoPark's $115m Vaca Muerta acquisition from Pluspetrol as positive, enhancing scale, diversification and reserves, though the B+ rating remains unchanged due to production constraints.

Mexican tycoon Carlos Slim invests $2bn in Veracruz oil field as Pemex drowns in debt

Mexican businessman Carlos Slim has expanded his involvement in the country’s hydrocarbons sector through a new drilling agreement with the state-owned oil company Petróleos Mexicanos (Pemex).

Mexico’s state oil giant Pemex hit by refinery setbacks and rising debt

Mexico’s state-owned oil company Petróleos Mexicanos (Pemex) is under increasing strain as its flagship refinery, Dos Bocas, faces persistent operational setbacks, compounding wider financial and production difficulties.

Vista Energy's oil output surges in Argentina's Vaca Muerta

Vista Energy's oil production in Argentina's Vaca Muerta shale formation has surged to 125,000 barrels per day, up from 118,000 bpd in Q2 2025.

BP faces high costs at Brazil deepwater find

BP’s Boomerang oil discovery off Brazil has been touted as the company’s largest find in 25 years, but the supermajor faces technical and financial obstacles before it can translate the prospect into cash flow.

Brazil’s Petrobras edges closer to Amazon oil licence

Petrobras has submitted a revised pre-operational plan to Brazil’s environmental regulator Ibama to move closer to securing a licence for drilling in the Foz do Amazonas Basin, the company said.

US may be seeking to position oil majors for post-Maduro Venezuela

Energy analysts argue that the Trump administration’s goal is to maintain a US foothold in case of political change, enabling Western oil firms to help revive Venezuelan output and potentially rival Saudi Arabia by the 2030s

Bolivia probes state oil subsidiary Botrading over alleged corruption in fuel imports

Bolivia’s Public Prosecutor’s Office has stepped up its investigation into Botrading, a subsidiary of the state-owned oil company YPFB, amid allegations of corruption and overpricing with regard to fuel imports.

Argentina files two briefs with New York appeals court over YPF case

Argentina has filed two briefs with the New York Court of Appeals challenging a judge's decision to award YPF shares to litigation funds that successfully sued the country over the 2012 nationalisation of the state oil company.

Saipem EPCI contract approved for ExxonMobil Guyana's Hammerhead project

Italian offshore energy services firm Saipem has received authorisation to proceed with the engineering, procurement, construction and installation contract for ExxonMobil's Hammerhead oil field development, offshore Guyana

Guyana issues four production sharing agreements, driving offshore exploration

Guyana is set to issue four production sharing agreements in October as part of its first offshore licensing round, Natural Resources Minister Vickram Bharrat announced during an appearance on the Starting Point podcast.

Chevron to commence drilling at Suriname offshore block, marking entry into local oil sector

US energy major Chevron is set to commence drilling at Suriname's offshore Block 5 later in October, marking a significant expansion of operations in the emerging South American oil and gas frontier.

Saving USMCA greatest economic challenge of Mexico president's mandate

Pemex could cut debt to $78bn by 2027, says Moody's

Pemex's strategic plan for 2025 to 2030 contains conditions to reduce the oil company's debt to $78bn, but only if it assumes no additional debt in the future, Moody's corporate finance analyst Roxana Muñoz said, El Economista reported.

Brazil’s Braskem initiates debt restructuring as liquidity concerns mount

Brazil shuts Refit’s refinery in Rio, starts probe over laundering allegations, safety violations

Brazil's oil and gas regulator, ANP, has halted operations at Manguinhos Oil Refinery, operated by Refit, following investigations into suspected money laundering, commercial irregularities and security breaches.

SLB awarded completions deal for ultra-deepwater Brazil’s Petrobras project

SLB has landed a significant contract from Brazil’s national oil company (NOC) Petrobras to deliver technology and services for up to 35 ultra-deepwater wells in Brazil's Santos Basin.

Mexico's Pemex debt estimated at $80bn in third quarter

Mexico-bound FSO Chalchi enters construction phase

Mexico rolls out QR code, GPS rules for fuel trucks

Mexico's government issued new rules on September 24 for tank trucks transporting petrol, diesel and LPG as part of efforts to curb illicit fuel distribution, Argus Media reported.

Venezuela condemns Guyana’s UN statements amid Essequibo dispute

Chevron curbed by new US limits on Venezuelan oil exports

Maduro urges Venezuelans to cut imports and rely on domestic output

Colombia’s former Ecopetrol director questions presidential influence on nation’s oil giant

Colombia's state oil champion faces mounting governance concerns as former board member Juan José Echavarría criticised presidential overreach in corporate decision-making.