LatAmOil - Latin America Oil & Gas

New Fortress Energy’s Altamira LNG plant in Mexico exports first cargo to the Netherlands

US LNG developer New Fortress Energy has delivered its first LNG cargo to Holland’s Gate terminal from its Altamira LNG plant located in Mexico.

Former Spanish ambassador and son sentenced for tax fraud linked to PDVSA

Argentine oil sector poised for growth with transportation overhaul

Argentine company Leviticus has installed new monobuoys at Punta Colorada, providing a major boost to oil shipping in the region.

Brazil’s maritime fleet set to hit 500 vessels

Brazil’s offshore support sector is on the brink of a growth cycle as investments and new contracts are set to boost fleet numbers.

Petrobras cuts 2025 spending forecast

Petrobras plans to reduce its investment target for 2025, despite government requests for an increase.

Venezuelan economy remains reliant on oil as challenges persist

Economist Rafael Quiroz believes Venezuela's economy will remain heavily dependent on oil for several decades, possibly longer than anticipated.

Venezuela advances gas production with Trinidad and Tobago agreement

Venezuela's Vice President and Minister of Petroleum, Delcy Rodríguez, announced the arrival of the vessel Doña José II, as part of a broader agreement with Trinidad and Tobago aimed at enhancing gas production capabilities in the Dragon Field.

ExxonMobil and partners to invest $55 billion in Guyanese oil and gas projects by 2027

ExxonMobil, along with its Stabroek Block co-venturers Hess and CNOOC, is set to invest $55bn in Guyana's oil and gas projects by 2027, according to the terms of the 2016 Stabroek Block Production Sharing Agreement.

Tecpetrol plans a new LNG export project utilising Vaca Muerta gas

Tecpetrol, the oil arm of the Techint group, has unveiled plans for a new liquefied natural gas (LNG) export project utilising gas from Argentina's Vaca Muerta formation.

Trinidad and Tobago are considering acquiring the Loran gas field from Venezuela

Trinidad and Tobago is nearing a deal to acquire the gas-rich Loran field from Venezuela, Energy Minister Stuart Young announced during a recent budget debate in the House of Representatives.

Brazil’s oil giant goes for major shakeup

3R Petroleum Óleo e Gás has received board approval for the merger of subsidiaries Enauta Participações and 3R Operações Offshore.

OneSubsea wins big Petrobras contract in Brazil

SLB’s OneSubsea joint venture has won a contract with Petrobras to support the expansion of the Roncador oil field in Brazil's Campos Basin, a project central to enhancing recovery from one of the country’s major oil fields.

Pemex faces lawsuit over deadly gas leak in Texas refinery

Three workers have filed a lawsuit against Mexico’s state-owned oil company Pemex following a deadly hydrogen sulfide gas leak at its Deer Park refinery in Texas.

Guyanese crude prices slump as Libyan crude production recommences

The global oil market is witnessing significant shifts, with Guyanese crude prices falling to their widest differential against Argus North Sea Dated since assessments began in February.

Guyanese consortium awarded contract to audit Stabroek Block expenses

Guyana's government has awarded a $312mn contract to VHE Consulting, a local consortium led by Chartered Accountant Floyd Haynes, for the third cost oil audit of the Stabroek Block.

Guyanese oil output on track to reaching 2030 production goal

Guyana's oil production is set to surge to 1.5mn barrels per day (bpd) by 2030, President Irfaan Ali announced in a recent address to the Guyanese Parliament.

KBR wins engineering contract for Trinidad and Tobago gas field upgrade

KBR has secured an engineering and procurement services contract for the Beachfield Manatee upgrade, a crucial component of Shell's Manatee gas field project in Trinidad and Tobago.

Venezuela touts oil reserves in bid for BRICS membership ahead of Kazan summit

Venezuela is highlighting its vast oil reserves and strategic geographic position as key assets in its bid to join the BRICS group of emerging economies ahead of the bloc's summit in the Russian city of Kazan later this month.

ConocoPhillips reportedly secures US licences to pursue Venezuela debt recovery

US oil and gas giant ConocoPhillips has obtained a series of licences from the US government that could bolster its efforts to recover approximately $10bn owed by Venezuela, allowing it to seize money from state oil firm PDVSA's accounts worldwide.

Sheinbaum’s energy reform faces investment and trade risks

Mexico’s President, Claudia Sheinbaum, has pushed forward a controversial energy reform aimed at reasserting federal control over the nation’s key energy assets.

ExxonMobil drills new appraisal well for Guyana's upcoming Hammerhead project

ExxonMobil is currently drilling the Hammerhead-4 appraisal well offshore Guyana, a crucial step in advancing its Hammerhead development project slated for first oil in 2028.

ExxonMobil Guyana allocates $287 million for site restoration and decommissioning

ExxonMobil Guyana Limited has set aside $287mn for decommissioning and site restoration efforts by the end of 2023, according to company President Alistair Routledge.

ExxonMobil Guyana to relocate capping stack to Vreed-en-Hoop Shore Base

ExxonMobil Guyana announced plans to relocate its recently acquired capping stack from the Guyana Shore Base Inc to the Vreed-en-Hoop Shore Base Inc.

Ecopetrol's bond deal delayed as company opts for loan to tackle debt

Colombia's state-owned oil giant Ecopetrol has taken a significant step back in its financial strategy by postponing a $1.75bn bond sale aimed at funding a debt buyback.

Guyanese president announces Vision 2030 initiative ahead of elections

Guyanese President Irfaan Ali unveiled a series of economic measures ahead of the 2025 national elections, leveraging the country's newfound oil wealth.