LatAmOil - Latin America Oil & Gas

Mexico's Pemex payment crisis triggers construction sector collapse

Mexico’s Tamaulipas creates state-owned fuel brand to combat quality concerns

Mexico’s Pemex fracking wells face water safety violations

Mexico's state oil company Pemex confronts significant water safety and regulatory compliance issues at two hydraulic fracturing wells in Nuevo León, according to a Commission for Environmental Cooperation factual record released

ExxonMobil Guyana boosts oil output capacity by 130,000 barrels per day

ExxonMobil has boosted its production level by 130,000 barrels per day increase in oil production capacity across its first three Guyana offshore projects through optimisation activities.

Guyana to overhaul maritime infrastructure to boost oil and gas transport

Guyana is advancing plans for a maritime infrastructure overhaul, with President Dr. Irfaan Ali confirming that a feasibility study for the Berbice Deepwater Port is underway in partnership with engineering firm Bechtel and Hess Corporation.

Jamaica awards United Oil & Gas five-year environmental permit for offshore operations

Jamaica's National Environment and Planning Agency has granted United Oil & Gas a five-year environmental permit to conduct offshore surveys at its Walton Morant licence.

Venezuela calls for regional energy sovereignty as it revives cross-border projects

Venezuela urged CELAC member states to reinforce their energy autonomy and push back against external interference during the regional bloc’s ministerial summit in Colombia

Venezuela backs regional gas integration plan to tackle energy poverty

Venezuela has called for the creation of a joint action plan for regional gas integration, framing natural gas as a transitional fuel vital to reducing emissions in Latin America and the Caribbean

Venezuela and Mozambique explore energy cooperation and party ties

The talks took place on the sidelines of the OPEC International Seminar, which convenes key global energy players.

Maduro confirms Chevron licence as he seeks to attract US energy investment

Nicolás Maduro has confirmed that Chevron received authorisation to continue operating in Venezuela, following a recent prisoner swap agreement

Brazil tightens oil royalties rules

Brazil’s oil regulator ANP has approved revised criteria for determining the reference price of domestically produced oil, a move expected to raise government royalty revenue, the agency said.

Colombian oil shipments decline as traditional buyers retreat

Colombian crude exports faced diminished demand during May as key purchasers including the United States and China reduced their intake, according to industry data released by Campetrol.

Colombian congress again attempts to outlaw fracking

Colombia's Environment Minister Lena Estrada presented legislation on July 22 seeking to permanently prohibit hydraulic fracturing across the nation, marking the sixth congressional attempt in a decade to ban unconventional oil and gas extraction.

Trump to reinstate Chevron's Venezuela licence

President Donald Trump’s administration is to reinstate Chevron’s licence to operate in Venezuela, authorising the US oil major to resume crude production in its joint ventures alongside state-run PDVSA, according to the WSJ.

Venezuela claims growth with rising oil output, but data faces scrutiny

According to the Central Bank of Venezuela (BCV), the nation’s GDP saw notable gains led by a 12.27% surge in oil-related activity. Non-oil sectors also contributed, registering a 4.41% increase overall

Mexico’s Pemex burns through 67% of rescue funds as debt crisis deepens

Mexican state oil giant Pemex has consumed MXN91.3bn of the MXN136bn federal bailout package allocated under the government's debt relief programme, having spent over two-thirds of its rescue funding by May 2025, Mexico Buisness News reported.

Ecuador heavy crude pipeline resumes operations

Ecuador's heavy crude oil pipeline resumed operations at 9:20 a.m. on July 23 following the completion of a second bypass designed to address erosion challenges that had disrupted transportation since early July.

Argentina on course to $54bn energy and mining export surplus, economy minister says

Argentina's Economy Minister, Luis Caputo, has projected the country will achieve a combined energy and mining export surplus of $54bn by 2033, potentially transforming the nation's traditional economic structure.

US Chevron closes Hess acquisition following Guyana arbitration decision

Chevron has completed its delayed $53bn acquisition of Hess, close to two years after it first struck the deal.

Brazil’s Petrobras gets go ahead on Jubarte

Brazil’s oil regulator ANP has approved the Production Individualisation Agreement (AIP) covering the Jubarte pre-salt shared reservoir in the Campos Basin. The agreement will take effect on August 1, 2025.

Brazil's oil exports may be hit quickly by US tariffs

A US-Brazil tariff war has the potential to impact Brazilian oil exports quickly and raise Brazil’s diesel prices, says Marcus D'Elia, partner at Leggio Consultoria.

Colombia's Ecopetrol defies Petro's clean energy push with $707mn gas investment

Colombia's state oil company Ecopetrol will invest $707mn in natural gas exploration this year despite President Gustavo Petro's demands to abandon fossil fuel development.

Argentina fires more than 60 staff over leaks in YPF compensation case, will not negotiate with Burford

Argentina's National Treasury Attorney General's Office has dismissed more than 60 employees

Venezuela, Mexico among top nine global gas flaring countries as volumes reach 20-year high

Venezuela taps fuel stockpiles to offset Chevron exit and sustain oil output

Venezuela’s oil sector has proved more durable than anticipated following Chevron Corp.’s forced withdrawal, with emergency purchases of key blending agents helping maintain production near 1.1mn barrels per day through June and July