LatAmOil - Latin America Oil & Gas

Sheinbaum restructures Pemex to tighten state control

In a significant shift for Mexico's energy sector, Petróleos Mexicanos (Pemex) has begun a comprehensive restructuring process following President Claudia Sheinbaum's signing of new energy legislation.

Petrobras signs contracts to tackle pre-salt pipe corrosion issue

Brazil’s national oil company Petrobras has contracted subsea engineering firms Baker Hughes and NOV Flexibles to fix problems related to corrosion.

Petroecuador declares pipeline emergency following rupture

Petroecuador has declared a 60-day emergency for its Trans-Ecuadorian Pipeline System (SOTE) following a pipeline rupture triggered by a landslide amid heavy rains.

Petrobras finds hydrocarbons in exploratory well at Brazil's Aram pre-salt block

Petrobras has identified hydrocarbons while drilling an exploratory well in the pre-salt Santos Basin, marking its latest discovery in the prolific offshore region.

Mexican president to issue energy reform laws

Chevron buys 5% of Hess as Stabroek dispute with Exxon continues

Venezuelans criticise Chevron exit, warn of mafia takeover in oil sector

Henrique Capriles, the former governor of Miranda state, criticised the recent revocation of Chevron's operating licence in Venezuela, describing the move as "bad news" for the nation’s already fragile economy.

Venezuela’s oil production dips amid sanctions and Chevron exit

Venezuela's oil production declined by 6,000 barrels per day (bpd) in February, according to government data published by the Organisation of the Petroleum Exporting Countries (OPEC)

ExxonMobil Guyana to raise oil output to more than 2.2mn barrels per day

ExxonMobil's Guyana operations are poised to reach a production capacity of nearly 2.2mn barrels of oil equivalent per day (bpd) by 2030, representing one of the most rapid petroleum development stories in recent history.

Guyana seeks partnership with Suriname to develop gas-powered industrial hub

Guyana's President Irfaan Ali is seeking a partnership with Suriname to develop a gas-powered industrial hub on South America's north coast, aiming to diversify an economy heavily dependent on oil revenues.

Ecuadorian wildlife refuge contaminated by oil spill

Ecuador's Manglares Estuario Río Esmeraldas wildlife refuge has been contaminated by an oil spill that occurred in Esmeraldas province, according to a report from the Ministry of Environment, Water and Ecological Transition.

Petronas mulling Argentine Vaca Muerta withdrawal

Petronas may be exiting Argentina's Vaca Muerta shale play, with the Malaysian national oil company launching a process to sell its 50% stake in the La Amarga Chica joint venture with YPF.

Telecoms billionaire Slim in talks to finance Pemex's key oil and gas fields

Colombia's offshore gas ambitions: Petrobras and Ecopetrol's strategic venture

Colombia is poised to significantly bolster its natural gas reserves through a collaborative offshore project between Brazil's Petrobras and Colombia's Ecopetrol.

UK STRYDE's mini seismic system enters Latin American market: Colombia key role

STRYDE, a leader in onshore nodal seismic technology, has announced the sale of its Mini Seismic System to Colombia's Energy Geophysical Services SAS (EGS), marking its first entry into the Latin American market.

YPF to join stimulus programme to boost funding for Vaca Muerta pipeline

Argentina has granted national oil company YPF access to a key government stimulus program to support the development of a major pipeline project from the Vaca Muerta shale formation to a port in Rio Negro Province.

Guyana threatens action against residents who support Venezuelan Essequibo election

Venezuela's plans to elect a governor for the disputed Essequibo region have sparked a stern warning from Guyana, with the government threatening treason charges against any residents who support the Venezuelan electoral process.

Guyana revokes Frontera-CGX oil prospecting licence

Guyana has officially revoked the oil prospecting licence for the Corentyne block from the Frontera-CGX joint venture.

ABS awards notation to Guyanese FPSO for sustainability

The FPSO Liza Unity, operated by SBM Offshore, has been awarded the SUSTAIN-2 notation by the American Bureau of Shipping, marking a significant achievement in maritime sustainability standards.

Ecuador's oil future at a crossroads as presidential candidates seek divergent paths

Ecuador President Daniel Noboa's plan to revitalise the country's largest oil field appears to be unravelling amid his challenging re-election campaign ahead of the April 13 runoff vote.

International interest in Argentina's oil assets on the rise as Chevron and Shell boost involvement

Shell and Chevron have joined the Vaca Muerta Sur project as new shareholders, expanding the consortium behind what's been described as “the most important oil transport infrastructure project of the last decades."

Petrobras begins talks on long-term LNG deal with US suppliers

Brazil’s state-owned Petrobras is in the midst of discussions with US LNG suppliers on a long-term import agreement.

Venezuela’s federation of chambers and businesses stands by Maduro’s economic strategy amid Chevron exit

Venezuela’s Federation of Chambers and Businesses (Fedeindustria) reiterated its commitment to driving the nation’s economic development, with its president, Orlando Camacho, securing another term for 2026-2028.

Venezuela’s Maduro escalates attacks on Exxon amid Guyana oil dispute

Venezuela’s government continues to target Exxon Mobil, accusing the US energy giant of fuelling diplomatic tensions with Guyana over the disputed Essequibo region.

Venezuelan opposition unveils energy plan to attract global investors

Venezuela’s opposition has outlined an ambitious plan to privatise the country’s oil industry, aiming to boost production beyond 3mn barrels per day and transform Venezuela into the “energy hub of the Americas”