LatAmOil - Latin America Oil & Gas

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.

ExxonMobil Guyana completes pipeline connection to FPSOs

Guyana's Gas-to-Energy project has reached a new milestone with the connection of a pipeline to two of Exxon Mobil's floating production platforms in the Stabroek block.

Oil and gas industry meeting called after death of worker in Vaca Muerta

Argentina's National Labor Secretariat has called an urgent meeting with the Private Oil and Gas Union of Río Negro, Neuquén and La Pampa, along with industry business chambers, following a worker's death in Vaca Muerta.

Compressor plant is online in Buenos Aires in major boost to Argentine gas transportation

The Salliqueló Compressor Plant in Buenos Aires province has commenced operations, marking a significant milestone in Argentina's gas transportation infrastructure.

Petrobras greenlights 10 new underwater vessels

Petrobras has approved the contracting of 10 new vessels for underwater operations, comprising eight ROV Support Vessels (RSV) and two Anchor Handling Tug Supply (AHTS) vessels, with a required minimum of 40% local content for their construction.

Petrobras to address safety concerns following worker fatalities

Brazil’s national oil company (NOC) Petrobras has scheduled a crucial meeting with union representatives to discuss safety policies following the deaths of two outsourced workers in early October.

Turkey and Brazil emerge as top buyers of Russian diesel

Turkey and Brazil have become the leading importers of Russian seaborne diesel and gasoil following the EU’s ban on Russian oil products.

LatAmOil: Petrobras confirms major gas discovery in Colombia

Indian refiners tap Venezuelan crude market

Two prominent Indian state refiners have secured substantial volumes of Venezuelan crude for November delivery

Venezuela and Saudi Arabia strengthen economic ties

Venezuela's Foreign Minister, Yván Gil, held meetings with Saudi Arabia's Ambassador to Venezuela, Abdullah Muhammad Al Saihani, to discuss expanding economic cooperation between the two nations

Vitol sells Venezuelan oil to India

Two state-owned Indian refiners have purchased 2mn barrels of Venezuelan crude oil from trading house Vitol for delivery in November.

Pemex to drill deepest well in history with $177mn investment

Petróleos Mexicanos (Pemex) is set to embark on its most ambitious deep-water drilling project to date, with plans to drill the Kuajtla 1 well in the Gulf of Mexico.

Indian firm Jindal scraps PDVSA oil upgrader deal in Venezuela

Indian conglomerate Jindal Power Ltd. has abandoned plans to revitalise a key Venezuelan oil facility under a partnership with state-owned energy company PDVSA.

Turkey, Brazil emerge as top importers of Russian diesel, gasoil in wake of EU ban

Turkey and Brazil have emerged as the top importers of Russian seaborne diesel and gasoil in the wake of the EU’s embargo on Russian petroleum products introduced in February last year.

24-hour oil workers strike underway at Vaca Muerta

Argentina's oil industry faced a significant setback as unionised workers in the Vaca Muerta region announced a 24-hour "total stoppage of activities" following the death of an employee.

All eyes on Suriname following GranMorgu FID

TotalEnergies is proceeding with the development of the GranMorgu development in Suriname, in the hopes of unlocking offshore oil production in the country.

YPF to sign deal to sell third of Vaca Muerta gas output, move HQ

Argentina's national oil company YPF is set to sign a major agreement to sell a third of the gas produced in the Vaca Muerta mega-deposit over the next two decades, according to Chief of Cabinet Guillermo Francos.

Sispro raises concerns about Guyana's inaugural offshore licensing round

Guyana's inaugural offshore licensing round has hit a snag as Sispro Inc., the only Guyanese company among the bidders, has faced hurdles in finalising its award for blocks S3 and D2.

Petronas launches seismic survey in two Surinamese blocks

Petronas has unveiled plans for a major 3D seismic acquisition across Suriname's offshore Block 63 and the Ironman Prospect in Block 63/52, Suriname.