Region: Latin America Category: Oil & Gas Frequency: Every Tuesday
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LatAmOil provides oil and gas Insight and Foresight from Mexico and Central America to the Caribbean and South America. From the heavyweight producers such as Brazil to emerging frontiers like Guyana, LatAmOil informs you of what is going on and why through commentary, exclsuive interviews, news and analysis. In such a notoriously challenging environment, in-depth and accurate information makes every difference in vital decision making and strategy – LatAmOil brings this directly to your inbox every week.
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Brazil’s Petrobras clears hurdle for Amazon offshore drilling licence
Petrobras advanced towards obtaining a licence to drill in an environmentally sensitive offshore area of the Amazon basin after the country’s environmental agency, Ibama, approved its pre-operational emergency response tests.
TechnipFMC wins big subsea deal with Brazil’s Petrobras
TechnipFMC has won a contract valued between $75mn and $250mn with Brazilian oil company Petrobras for the supply of subsea production systems, the company said.
Exxon Mobil, Brazil’s Petrobras push back on Saipem7 deal
Exxon Mobil, Petrobras and TechnipFMC have asked Brazil’s antitrust authority Cade to review the planned merger of subsea contractors Subsea7 and Saipem, according to filings.
Venezuela’s oil standoff draws in US, China and Europe
US military patrols targeting suspected drug shipments off Venezuela’s coast have become the latest flashpoint in a conflict that extends far beyond narcotics.
Suriname seeks debt relief ahead of IMF-backed oil boom in 2028
Suriname’s government is in discussions with creditors and global lenders to push back debt payments, aiming to align obligations with the start of oil revenues expected later this decade
Guyana's Noble Tom Madden continues Uaru development drilling
Maersk, GTI partner to deliver training for Guyana workforce
Maersk Training is partnering with Global Technology Incorporated (GTI), an academic centre in Guyana, to strengthen local training and workforce development, OilNOW reported.
Borders & Southern Petroleum reports losses amid Falkland Islands oil exploration
Borders & Southern Petroleum reported narrowed operating losses and strengthened its financial position during the first half of 2025, as the company advances farm-out discussions for its Darwin oil discovery in the Falkland Islands.
TotalEnergies extends contract with DOF Group for Argentine offshore vessel
TotalEnergies has extended its partnership with Norwegian offshore vessel operator DOF Group, securing the Skandi Patagonia construction support vessel for continued operations in Argentina through a new three-year contract.
Mexico maintains fuel tax burden as SHCP extends stimulus freeze
Mexico's Finance Ministry (SHCP) will maintain the suspension of fiscal stimulus on petrol and diesel for another week, marking 24 consecutive weeks without this support, Mexico Business News reported.
US fracking pioneer Continental may invest in Argentina’s Vaca Muerta
Argentina's President Javier Milei met with Continental Resources executives on September 18 to explore investment opportunities in the Latin American country's hydrocarbon sector, particularly the Vaca Muerta shale formation
Ecuador’s oil output to drop 7% in 2025, Central Bank forecasts
Ecuador’s crude production is expected to average about 439,100 barrels per day (b/d) in 2025, down roughly 7% from approximately 474,000 b/d in 2024, the Central Bank projected in its latest GDP outlook.
Uruguay backs Argentina in appeal over YPF ruling
Uruguay has formally aligned with Argentina in its battle against a US court order requiring Buenos Aires to cede a majority stake in state-run oil company YPF
NOV wins contract for Argentina’s first FLNG project
Oilfield services provider NOV has secured a contract to deliver a mooring solution for Argentina’s first offshore floating liquefied natural gas (FLNG) project in the Gulf of San Matías.
Exxon invests $6.8bn in Guyana with new Hammerhead oil project
Guyana’s offshore energy sector is entering a new phase of expansion with ExxonMobil confirming final investment approval for its Hammerhead development, the seventh major project in the Stabroek block.
Peru seeks Qatari investment to boost hydrocarbons and petrochemicals
Peru has stepped up efforts to attract Qatari capital to its hydrocarbons industry, emphasising exploration, offshore crude blocks and petrochemical development.
Colombia's Celsia invests $6mn to expand gas supply network
Colombian power generator Celsia will invest $6mn to connect its Tesorito thermal facility to additional gas pipeline infrastructure, strengthening supply reliability as the nation confronts mounting energy security challenges.
Colombia's Ecopetrol exceeds drilling targets despite nation's energy transition push
Colombia's state oil producer will exceed its annual drilling programme by up to 40%, despite President Gustavo Petro's commitment to phase out fossil fuels.
Chevron, Occidental and Westlawn enter consortium for offshore Peru exploration
Chevron, Occidental Petroleum’s subsidiary Anadarko Peru, and Westlawn Americas Offshore (WAO) have formalised a consortium to explore offshore Peru, following the signing of amended licence agreements for blocks Z-61, Z-62 and Z-63.
Brazil’s Cosan shares plunge 21% as conglomerate plans $1.9bn debt reduction fundraising
Brazil soy industry to invest nearly $1.12bn in processing
Argentina's Vaca Muerta set to eclipse agriculture national top currency earner
Argentina's Vaca Muerta shale formation is positioned to overtake agriculture as the nation's primary foreign currency source, with energy exports reaching record levels whilst transforming the country's economic landscape.
Brazil seeks to anchor COP30 in global stocktake
Brazil will place the global stocktake (GST) from COP28 at the centre of the COP30 climate summit in Belém this November. The presidency has described the GST as a “globally determined contribution”.
World's leading producers continue output plans above Paris deal compatibility
Many of the world’s major fossil fuel producers plan oil, gas and coal extraction far beyond levels compatible with the Paris Agreement.
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