LatAmOil - Latin America Oil & Gas

Exxon-led partnership earnings in Guyana rise 64% to $10.4bn

A partnership of ExxonMobil, Hess, and CNOOC operating in Guyana recorded a 64% jump in earnings for 2024, reaching $10.4bn.

Shell greenlights Aphrodite off Trinidad and Tobago

Shell Trinidad and Tobago Ltd has taken a final investment decision on the Aphrodite project, an undeveloped gas field in the East Coast Marine Area offshore Trinidad and Tobago. ECMA is a prolific gas-producing area.

Venezuela’s economy hit by Chevron’s licence expiration

President Nicolás Maduro recently downplayed the significance of US oil major Chevron’s recently expired US licence, asserting that Venezuela’s oil sector operates independently of foreign approvals.

Colombia's Ecopetrol sets up emergency cash committee, faces leadership crisis

Colombia's state-controlled oil company, Ecopetrol, has initiated a cash crisis committee in the midst of leadership questions

Brazil eyes oil cash to meet fiscal targets

Brazil’s government is seeking to raise $6.2bn from the oil sector over the next two years to help meet fiscal targets.

Brazil sets April oil output record

Brazil produced an average of 3.6mn barrels of oil per day in April, a 13.7% increase year-on-year, according to the National Petroleum Agency (ANP).

Colombia's oil and gas sector braces for $4.68bn investment despite output challenges

Colombia's hydrocarbon sector anticipates investment flows reaching $4.68bn in 2025, marking an 8% increase from the previous year's $4.33bn.

Moody’s cuts Petrobras outlook after Brazil rating shift

Moody’s has revised Petrobras’ global credit rating outlook from positive to stable, following a similar change to Brazil’s sovereign outlook.

Colombia's Ecopetrol establishes emergency cash committee amid mounting financial pressures

Colombia's state-controlled oil company, Ecopetrol, has initiated a 'Cash Crisis Committee' to address immediate financial obligations that threaten its liquidity.

Norway's Solstad gets green light for Brazil’s Petrobras AHTS contracts

Solstad Offshore has received final approvals for two anchor handling tug supply (AHTS) vessels contracted by Petrobras for operations offshore Brazil.

TotalEnergies increases operated stake in Brazil’s Lapa field

TotalEnergies has agreed to swap its 20% non-operated stake in the Gato do Mato project for an additional 3% interest in the Lapa offshore oil field, increasing its share in the producing asset to 48%.

Brazil’s Brava Energia hits output record on Atlanta boost

Brazil’s Brava Energia reported a record average production of 88.6 thousand barrels of oil equivalent per day (boe/d) in May 2025, up 8% from April, according to preliminary and unaudited data released to investors.

Brazil hits record in pre-salt output

Brazil set a new record in pre-salt oil and gas output in April 2025, reaching 3.734mn barrels of oil equivalent per day (boe/d), the national petroleum regulator ANP said.

Brazil eyes oil cash to plug budget gap

Brazil’s government is seeking to raise $6.2bn from the oil sector over the next two years to help meet fiscal targets, the energy ministry said.

Gas flaring in southeast Mexico linked to increased neonatal health risks

Gas flaring following oil refinement in southeast Mexico significantly increases risks of low birth scores, preterm births and congenital anomalies, according to a new study by CartoCrítica and the Mexican Center for Environmental Law (CEMDA).

New executive takes helm of Mexico's petroleum retailers association

Enrique Felix Robelo assumed the presidency of Mexico's petroleum retailers association the National Organisation of Oil Retailers (ONEXPO) for the 2025-2026 term during the ONEXPO 2025 conference in Riviera Maya.

Argentina's Vaca Muerta reaches record activity in May

Vaca Muerta, Argentina's massive unconventional hydrocarbon formation, set a new activity record in May with 2,214 fracture stages completed.

Paraguay and Argentina advance talks for major gas pipeline

Paraguay and Argentina have advanced discussions on a major bioceanic gas pipeline project following a high-level meeting in Buenos Aires between key energy officials from both countries.

Brazil’s Lula calls for global governance amid conflicts, defends Amazon oil plans

Brazilian President Luiz Inácio Lula da Silva has called for strengthened global governance to address mounting international conflicts, while defending plans for oil exploration near the Amazon Delta ahead of his state visit to France.

Arrow Exploration books 36% revenue jump as its Colombian output soars

Arrow Exploration Corp recorded a 36% surge in oil and gas revenues during the first quarter, driven by enhanced production across its Colombian hydrocarbon portfolio.

YPF to develop three wells in Argentina's Santa Cruz province

Argentine national oil company YPF has signed an agreement with Argentina's Santa Cruz province to develop three exploratory wells in 2025 within the Palermo Aike unconventional hydrocarbon formation.

Maduro dismisses US Chevron licence as irrelevant to Venezuela’s oil strategy

Nicolás Maduro downplayed the significance of Chevron’s recently expired US licence, asserting that Venezuela’s oil sector operates independently of foreign approvals.

Rockhopper Exploration identifies significant value in Falkland Islands resource evaluation

Mexico seizes over 3mn litres of illegal fuel in Tabasco crackdown

Mexican authorities confiscated more than 3mn litres of illegally stored fuel at a southeastern Tabasco property, marking the latest major seizure in the country's intensified campaign against fuel smuggling.

ExxonMobil Guyana posts 62% surge in proifts in 2024

ExxonMobil Guyana Limited reported a significant 62% surge in profits to $4.73bn in 2024, up from $2.92bn the previous year.