Latin America & Caribbean

Venezuela’s Oil Slump Reflects Nation’s Decline

Nation’s meltdown has no end in sight, with even a U.S. invasion possible.

Oct 29 2018 - 5:22pm

Talos Energy, Pan American Join Forces Offshore Mexico

Talos Energy is joining forces with a subsidiary of Argentina’s Pan American Energy LLC to accelerate exploration efforts offshore Mexico.

Oct 19 2018 - 10:55am

Mexico's Lopez Obrador Pushes Big Oil To Hurry, But Offers Little

At his first meeting with foreign oil majors, Mexico's leftist president-elect pushed the companies to prove themselves by quickly pumping oil from recent finds, sources said, but gave no sign of offering up new fields to reverse dwindling output.

Oct 16 2018 - 4:59am

Brazil's Petrobras To Pay $853 Million US Fine In ‘Car Wash’ Probe

Petróleo Brasileiro SA will pay an $853.2 million fine to settle charges that former executives and directors of the state-run Brazilian oil company broke U.S. anti-corruption laws by bribing politicians and then seeking to conceal the payments, the U.S. Justice Department (DOJ) said on Sept. 27.

Sep 28 2018 - 9:35am

Mexico's Next President Aims To End Foreign Fuel Imports In Three Years

Mexican President-elect Andres Manuel Lopez Obrador will seek to end the country's massive fuel imports, nearly all from the U.S., during the first three years of his term while also boosting refining at home.

Jul 8 2018 - 1:10pm

Argentine Appeals Court Rejects Fraudulent Ecuadorian Judgment Against Chevron

An appeals court in Argentina has rejected an attempt to enforce a fraudulent Ecuadorian judgment against Chevron Corp., making Argentina the latest country where courts have dismissed the judgment found by U.S. courts to have been obtained through racketeering and corruption.

Jul 5 2018 - 2:36pm

Mexico's New Government To Honor Oil, Gas Contracts If No Problems Emerge

Oil and gas contracts awarded under the Mexican government's energy reform will be respected by the incoming administration provided no problems emerge in a revision of the process, the man designated to run the finance ministry said on July 4.

Jul 4 2018 - 10:11am

Expert: Mexico’s Energy Reform Will Continue, But With Changes

Attorney sees more partnerships with Pemex and fewer outright upstream contracts with the incoming administration, as well as a tightening of the permit process for the midstream.

Jul 3 2018 - 5:00am

Maya Oil Discount Continues To Widen

The Maya oil discount has been broadening because of the continued sharp widening of the West Texas Sour differential due to bottlenecks in the Midland Basin.

Jun 8 2018 - 11:07am

Qatar Petroleum Buys Stake In ExxonMobil's Argentina Shale Assets

Qatar Petroleum (QP) signed an agreement on June 3 with Exxon Mobil Corp. (NYSE: XOM) to acquire a 30% stake in two of ExxonMobil's affiliates in Argentina.

Jun 3 2018 - 6:23pm