Region: Latin America Category: Oil & Gas Frequency: Every Tuesday
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Venezuelan oil shipments to India climb as Rodríguez seeks deeper energy ties
Venezuela has strengthened its position in India’s crude market, emerging as the country’s third-largest oil supplier this month as acting President Delcy Rodríguez pursues closer energy cooperation with New Delhi
India signals support for deeper energy ties with Venezuela despite lack of formal agreements
India's officials suggested the discussions could help pave the way for greater involvement by Indian companies in Venezuela’s oil industry
PDVSA highlights state-led output gains as Venezuela targets higher crude production
According to figures cited by authorities, 61% of the total growth is attributable to the efforts of PDVSA and the Joint Ventures, reflecting increases of 102,000 and 166,000 bpd respectively.
Ocean Installer lands Brazil subsea deal
Ocean Installer, a subsidiary of Norway’s Moreld, has secured a contract from Equinor for work on the Bacalhau offshore oil project in Brazil, marking the company’s first award in the country and its entry into the Brazilian subsea market.
Brazil oil output hits fresh high
Brazil’s oil and natural gas production reached a record 5.64mn barrels of oil equivalent per day in April, marking the third consecutive monthly high, according to data released by the National Petroleum Agency (ANP).
Venezuela's Rodríguez visits India to seal Caracas's oil comeback
Behind Delcy Rodríguez's New Delhi visit lies a bigger story: how Venezuela's resurgent oil exports fit into Washington's strategy to wean India off Russian crude.
ExxonMobil AI model finds Guyana's known oilfields with 90% accuracy in exploration breakthrough
Rockhopper advances Falklands' Sea Lion project with first oil targeted for 2028
Rockhopper Exploration said its Sea Lion offshore oil project north of the Falkland Islands moved into the full development phase in 2025 after receiving final sanction and financing, with first oil production targeted for the first quarter of 2028.
TGS targets 2030 start-up for $3bn natural gas liquids project in Argentina
Transportadora de Gas del Sur (TGS) expects its $3bn NGL processing and transportation project in Argentina to enter service by the southern hemisphere winter of 2030.
New York appeals court rejects Burford bid to revive $16bn YPF Argentine expropriation judgment
A US appeals court in New York has rejected an attempt by litigation funder Burford Capital to obtain a further review of a ruling that overturned a more than $16bn judgment against Argentina over the 2012 nationalisation of YPF
Fuel shortages deepen Havana waste crisis as rubbish piles up
Havana is facing a worsening waste management crisis as fuel shortages and disruptions to municipal services leave rubbish accumulating across the Cuban capital, affecting public health and sanitation conditions
Canada's Sherritt names interim finance chief amid Cuba sanctions pressure
Sherritt International has appointed long-serving executive Fitzroy Richardson as interim chief financial officer as the Canadian mining company works through financial and regulatory challenges stemming from tighter US sanctions on Cuba
Costa Rica tests first agrovoltaic project to expand solar use on farmland
Costa Rica has launched its first experimental agrovoltaic facility, combining crop production and solar power generation on the same plot of land
Brazil’s Petrobras joins diesel aid plan
Petrobras’ board has approved the company’s participation in Brazil’s public subsidy scheme for diesel producers and importers, granting payments of BRL1.12 ($0.23) per litre sold for road transport use.
Venezuela taps Hogan Lovells to lead $170bn debt restructuring effort
The total includes defaulted sovereign debt, obligations linked to state-owned oil producer PDVSA, institutional borrowing and accumulated interest built up over recent years
Rodríguez begins India visit as Venezuela seeks deeper energy ties
Venezuelan interim President Delcy Rodríguez arrived in New Delhi on June 3 for a five-day visit centred on strengthening energy cooperation with India, as both countries seek to expand commercial ties amid turbulence in global oil markets
ExxonMobil weighs return to Venezuela as oil opportunity meets financial risks
ExxonMobil is discussing the possibility of securing new oil production rights in Venezuela, a move that could reshape the company’s long-term strategy and mark a return to a market it left years ago following legal disputes
Venezuela Energy Week aims to draw investment for oil expansion
The conference and exhibition is being promoted as the country’s principal platform for global energy investment
Colombian energy firms eye Venezuela as industry rebuild draws interest
Venezuela’s vast hydrocarbon wealth is drawing renewed attention from Colombia’s energy sector following the political changes that followed Nicolás Maduro’s removal
Investor caution persists as Venezuela seeks foreign capital
Companies exploring opportunities in industries ranging from oil and shipping to chemicals and pharmaceuticals remain hesitant to commit funds

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