LatAmOil - Latin America Oil & Gas

Chevron-Hess merger may be postponed due to arbitration over Guyana Stabroek block stake

Hess Corporation reported in a filing to the US Securities and Exchange Commission (SEC) that its acquisition by Chevron Corporation may be delayed until 2025.

S&P projects Guyana's oil exports to triple in revenue by 2030

S&P Global Commodity Insights stated in a report that it expects Guyana’s annual oil exports to triple in value from $11bn in 2023 to $33bn in 2030.

What next for oil markets after Iranian strike on Israel?

For the time being, traders have apparently shrugged off fears of a direct war between Israel and Iran, but escalation is still a significant risk.

Saipem authorised for Whiptail oilfield project in Guyana's Stabroek Block

Italian oilfield services company Saipem has received authorisation from ExxonMobil Guyana to proceed with its scope of work for the Whiptail oilfield development project in the Stabroek Block.

ExxonMobil advances drilling operations at the Uaru well site in the Stabroek Block

ExxonMobil Guyana is progressing with drilling operations at the Uaru well site within Guyana’s Exclusive Economic Zone, as confirmed by Guyana’s Maritime Administration Department on April 6, 2024.

Colombia reiterates opposition to US sanctions on Venezuela

Mexico’s regulator levies $32.1mn fine on Chevron for contract violation

Chevron Energía de México is facing a hefty penalty of $32.107mn imposed by the energy regulator the Comisión Nacional de Hidrocarburos (CNH) for its failure to meet the minimum work programme requirements in a deepwater contract.

ExxonMobil Guyana makes final investment decision on Whiptail Project

ExxonMobil greenlit its sixth development project in Guyana's Stabroek Block, named Whiptail, which commands an estimated investment of $12.7bn.

Petrobras’ leadership woes intensify as Prates faces suspension

Brazil’s national oil company (NOC) Petrobras finds itself embroiled in further turmoil as its government-appointed chairman, Jean Paul Prates, faces suspension over alleged conflicts of interest.

Petrobras finds oil near mouth of Amazon River, environmental concerns remain

Brazil’s national oil company (NOC) Petrobras has announced a significant oil discovery in the ultra-deep waters of the Potiguar Basin, with the Anhangá exploratory well yielding promising results.

Cartagena summit spotlights natural gas in Colombia's energy transition

The Colombian city of Cartagena witnessed the gathering of industry leaders, national and international experts, and government officials during the Arpel-Naturgás Week 2024 to deliberate on the future trajectory of natural gas in the energy mix.

Venezuela’s PDVSA commits to diversifying trade amid looming US sanctions deadline

State-owned oil company Petróleos de Venezuela is steadfast in its efforts to fortify trade models independent of international sanctions pressure, the company announced on April 11, just a week before the expiration of the sanctions relief.

Norway turns down Costa Rica's request for support on oil exploration studies

Costa Rica's Ministry of Environment and Energy revealed that Norway has declined the government's appeal for assistance in conducting studies on oil and natural gas exploration and exploitation.

Colombia explores oil and gas deal with Venezuela, President Petro reveals

Colombian President Gustavo Petro disclosed ongoing negotiations to embark on oil and natural gas production in Venezuela, following his recent visit to Caracas. Additionally, Colombia aims to export clean energy to its neighbouring nation.

Peru’s PetroTal reports strong Q1 2024 performance, production rises significantly

PetroTal, a key player in the Peruvian oil and gas sector, has unveiled its first-quarter 2024 operational, financial, and corporate updates, showcasing robust performance and strategic advancements.

Peru's oil regulator evaluates offers for Lot X operation in Talara Basin

Peru's hydrocarbons overseer, Perupetro, has garnered interest from two contenders in the race to secure operational control over Lot X, a substantial onshore asset situated in the Talara basin of Peru's north-western region.

GeoPark looks to acquire interests in Argentina's Vaca Muerta

New York-listed oil and gas exploration company GeoPark is looking to a non-operated working interest in unconventional blocks located in Argentina's Neuquen basin, part of the Vaca Muerta shale formation.

UN Security Council to review Venezuela's territorial claim over Guyana's Essequibo region

Venezuela submits counter-memorial to ICJ in Guyana border dispute

Venezuela opposition figure calls for unity in presidential election

Colombian President Petro arrives in Venezuela for bilateral talks with Maduro

Guyana president dismisses Venezuela's claims on oil sector and US military presence

Guyanese President Irfaan Ali has refuted Venezuela's “baseless allegations” regarding Guyana's oil industry, its ties with ExxonMobil, and the purported presence of US Southern Command military installations.

Guyana stands firm against Venezuela’s assertive claims, vice president says

Guyana maintains its unwavering vigilance as Venezuela persists in its aggressive assertions, particularly regarding the Essequibo region, which forms two thirds of Guyanese territory, Vice President Bharrat Jagdeo reiterated during a press briefing.

Venezuelan ex-oil minister arrested in corruption probe

Former Venezuelan Oil Minister Tareck El Aissami was arrested on April 9 by Venezuelan authorities in connection with a corruption investigation, following nearly a year of evading capture subsequent to his resignation as PDVSA chief.

TMC Compressors awarded contract from MODEC to supply air system for Guyana FPSO

Compressed air systems supplier TMC Compressors has been awarded a contract by MODEC to supply a large-capacity air compressor system for use in the Errea Wittu floating production, storage and offloading vessel.