LatAmOil - Latin America Oil & Gas

Guyana and Brazil leading investment boom into South American oil sector

Guyana and Brazil are spearheading an ongoing investment surge in South America's offshore oil sector, according to recent data from Rystad Energy.

Sheinbaum's bold energy transition plan for Mexico

In her inaugural address, Mexico's first female president, Claudia Sheinbaum, signalled a departure from her predecessor's fossil fuel-heavy policies.

Petrobras confirms major gas discovery in Colombia

Brazil's state-owned oil company Petrobras has announced significant gas discoveries in the Guajira Basin, offshore Colombia, estimating the reserves to be around 170 billion cubic metres.

LatAmOil: Prio to acquires 40% stake in Brazilian oilfields from Sinochem for $1.92bn

Guyanese government announces deadline for Phase 2 of gas-to-energy project

Guyana's gas-to-energy project is set to expand rapidly, with Guyanese Vice President Bharrat Jagdeo announcing that Phase 2 could be completed within two years.

Elliott Investment’s Amber Energy set to buy Citgo with $7.3bn winning bid

Amber Energy has been named the presumptive winner in the auction to buy Citgo Petroleum's parent company from PDVSA.

Petrobras signs MoU with Argentina's YPF, makes moves in Africa

Petrobras has signed a memorandum of understanding with Argentina's YPF to explore joint ventures in the exploration and production sector while simultaneously mulling collaborations with other oil majors in Africa.

Venezuela becomes third-largest oil supplier to the US amid sanction easing

Venezuela has emerged as the third-largest oil supplier to the US, according to the latest data from the Energy Information Administration (EIA).

US extends Chevron's Venezuela oil operations licence amid scrutiny

The US Treasury Department on October 1 renewed General Licence 41, allowing Chevron Corp to continue its oil operations in Venezuela until April 2025, as part of Washington's complex balancing act with Nicolás Maduro's government.

Venezuela's Citgo auction terms spark creditor uproar

The latest twist in the US court-ordered sale of Citgo Petroleum's parent company shares has ignited a firestorm of criticism from creditors seeking recompense for Venezuela's financial misdeeds.

Venezuelan vice president visits Turkey to discuss energy cooperation

Prio to acquires 40% stake in Brazilian oilfields from Sinochem for $1.92bn

Brazilian oil and gas producer Prio has made a significant move in the offshore energy sector by signing a $1.92bn deal to acquire a 40% stake in the Peregrino and Pitangola fields from Sinochem.

Brazil’s Brava Energia sells 20% stake in offshore fields to US firm for $309mn

Brava Energia, formerly 3R Petroleum, has sold a 20% stake in its BS-4 Concession offshore Brazil to Westlawn Americas Offshore (WAO), a US oil and gas company

Petrobras to reopen Roncador field well aiming to boost gas supply

Brazil’s national oil company (NOC) Petrobras is taking steps to increase natural gas production by reopening a closed well in its offshore Roncador field, according to CEO Magda Chambriard

Petrobras mulls joint projects with Suriname’s Staatsolie

Brazil's national oil company (NOC) Petrobras has taken a significant step towards expanding its international partnerships by signing a non-binding memorandum of understanding (MoU) with Suriname's national oil company, Staatsolie.

Neuquén poised to boost gas exports to Brazil

The Neuquén province of Argentina is poised to increase its gas exports to Brazil following the reversal of the Northern Gas Pipeline, set to be operational from October 10, Governor Rolando Figueroa announced.

Sheinbaum’s agenda for Mexico, a focus on public energy and sustainability

In her inaugural address, Claudia Sheinbaum, Mexico’s first female president, laid out a bold plan to reshape the nation’s energy sector.

OPT partners with Brazil’s SENAI Institute to research autonomous ocean technologies

Ocean Power Technologies (OPT) has signed a memorandum of understanding (MoU) with Brazil's National Industrial Training Service (SENAI) for research and development of autonomous ocean technologies.

Petrobras enters South Africa crude market as it seeks to diversify further afield

Petrobras has announced a significant expansion of its international operations with the purchase of a 10% stake in a oil field in South Africa.

São Paulo set for biomethane surge, 6.4mn cubic metres daily

A recent study indicates that biomethane production in São Paulo could reach 6.4mn cubic metres per day, equating to 2.3bn cubic metres annually.

Guyana to shelve heavy fuel oil plants in 2025 as Gas-to-Energy project gains steam

Guyana's government plans to place its heavy fuel oil (HFO) power plants in reserve by 2025, contingent on the successful launch of a 300MW natural gas power plant.

Guyanese oil output spikes in August following temporary shutdowns

Guyana's crude oil production rebounded significantly in August, reaching over 600,000 barrels per day following shutdowns in July at the Liza field, government data showed

Petrobras board greenlights South African ventures

Petrobras' board of directors has unanimously approved the company’s entry into oil exploration assets in South Africa, sources confirmed.

Venezuelan VP addresses sanctions and energy cooperation with Russia at Energy Week

Venezuelan Vice President Delcy Rodríguez has voiced strong concerns over the impact of sanctions on global oil production, declaring that 26% of such production is sanctioned

Two dead, four missing after oil barge sinks in Lake Maracaibo

At least two people have died and four others are missing after an oil barge sank in Lake Maracaibo, according to state-owned oil company Petróleos de Venezuela (PDVSA).