South America

South America News & Press Releases from the Oil & Gas Industry

South America, also known as Latin America, consists of major oil producing countries and smaller developing nations that are focusing on building their oil and gas efforts. Top producers of oil in the region include Brazil, Mexico, Venezuela and Colombia, each of which currently produce over a million barrels per day, majority of which are from offshore reserves. The oil fields in the South American region are largely owned and operated by their respective state-owned oil and gas companies, although international oil companies and major players are present in these nations too.