LatAmOil - Latin America Oil & Gas

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

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

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

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

China urges US to end Cuba sanctions after Rubio criticism

Cuba official labels US measures ‘genocide’ amid sanctions dispute

Rubio says Cuba needs structural change to revive economy

Colombia takes helm of UN security council for June

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

Uruguay emerges as offshore exploration hotspot as YPF, majors and independents expand activity

Uruguay is increasingly being viewed as one of the most promising offshore oil frontiers in the Western Hemisphere.

Eight tremors hit Argentina's Vaca Muerta shale region in five days

The town of Añelo in Argentina’s Neuquén province was shaken by eight earthquakes between May 27 and May 31, marking an unprecedented sequence of five consecutive days of seismic activity in the heart of the Vaca Muerta shale formation.

YPF says Argentina LNG project will require $50bn investment

Argentina's state-controlled energy company YPF said its Argentina LNG project will require a total investment of $50bn and is expected to begin development in 2027.

Chevron seeks record $14bn investment in Vaca Muerta under RIGI scheme

Chevron has applied to Argentina’s Large Investment Incentive Regime (RIGI) for a $13.8bn upstream development project in the El Trapial area of Neuquén province.

Mexico's Pemex escapes Moody's downgrade as investors urge the company to tap global bond markets

Moody's has affirmed Pemex's ratings despite recently cutting Mexico's sovereign rating one notch to Baa3, citing expectations of continued strong government support for the state oil company.

Brazil’s Lula says Petrobras close to Equatorial Margin announcement as oil investments mount

Lula da Silva said Petrobras is on the verge of announcing whether commercially viable oil reserves exist in the country's Equatorial Margin while the company separately confirmed a deal with SBM Offshore for two deepwater production vessels.

Peru throws another $2bn into the Petroperu black hole

Peru's new $2bn trust buys operational time for Petroperú but cannot fix a deeper crisis of collapsing governance, union warfare, and looming New York cross-default risks. A deep dive into why financial engineering isn't enough.

Guyana set for major oil revenue increase with higher prices, greater state cost recovery

Guyana could collect about $4.3bn in oil revenues in 2026, a 67% increase from the previous year, if crude prices remain at $100 per barrel through the end of the year.