LatAmOil - Latin America Oil & Gas

Viridien and TGS launch seismic survey offshore Brazil

French seismic services company Viridien and partner TGS have begun a 5,300 sq km 3D seismic survey in the Barreirinhas Basin, offshore northern Brazil, the companies said.

UK-Brazil team develops flexible subsea inspection robot

Engineers in the UK and Brazil have developed a tentacle-like underwater robot designed to transform how subsea pipelines and offshore structures are inspected, providing a safer and more precise alternative to rigid systems.

Brazil oil field stake draws new suitors

Brazil’s PRIO, Brava Energia and BW Energy are evaluating the purchase of Petroliam Nasional Berhad’s 50% interest in the offshore oil field Tartaruga Verde, according to people with knowledge of the matter.

Mexico extends petrol price cap for six months despite Pemex financial strain

Mexico will maintain petrol price caps near 24 pesos ($1.28) per litre for six additional months after fuel retailers agreed to extend the price stabilisation pact, though state oil company Pemex continues absorbing logistics costs, El País reported

Cox Energy plans $6bn investment in Mexico over five years

Brazil achieves historic 5mn-boed production milestone fueled by pre-salt expansion

Brazil surpassed 5mn barrels of oil equivalent per day (boed) for the first time in July, reaching 5.16mn boe/d as pre-salt fields in the Santos Basin drove record production levels, according to the oil and gas regulator ANP.

Argentina and US strengthen energy cooperation through Argentina-Texas mission

The Argentina-Texas Chamber of Commerce is intensifying bilateral energy cooperation with an unprecedented dual mission program aimed at strengthening ties between Argentine and US companies in the oil and gas sector.

YPF runs GNL workshop in Argentina's Rio Negro ahead of key project

Río Negro provincial authorities have participated in technical workshops organised by YPF for the Argentina-GNL project, gaining crucial insights into regasification processes ahead of the planned LNG development in San Matías Gulf.

US judge rejects another Argentine request in YPF case

US Judge Loretta Preska has rejected another Argentine request in the ongoing multi-billion-dollar lawsuit over the 2012 nationalisation of oil company YPF.

Competition heats up in Colombia’s growing LNG imports sector

With domestic natural gas declining, Colombia is leaning into LNG imports sparking fierce competition between key players.

Guyana's ruling party declares victory in general election

Guyana's President Irfaan Ali has declared victory in the country's general and regional elections, with preliminary results showing his People's Progressive Party securing a commanding lead over opposition parties.

Challenger Energy launches farm-out process for Uruguay’s AREA OFF-3 block

The company said work included licensing, reprocessing and interpretation of 1,250 sq km of 3D seismic data, alongside geochemical and subsurface studies aimed at de-risking exploration potential

Chevron assumes control of offshore Uruguay block, seismic survey planned for Q4

Chevron Corp. has assumed operatorship of Uruguay’s AREA OFF-1 offshore block, with 3D seismic acquisition scheduled to begin in the fourth quarter of 2025, pending environmental approval

Maduro accuses US of plot to seize Venezuela’s oil

Maduro said the White House is “fabricating a narrative” about drug trafficking to mask its true intentions

Mexico's Pemex offers $10bn bond buyback using government funds

Six firms eye contract to close Guatemala's Xan oil field

Guatemala has received expressions of interest from six companies seeking to undertake the technical closure of the Xan onshore oil field, the energy and mines ministry said, following the expiry of French operator Perenco's licence.

Ecuador awards oil export contracts to the volume of 12.9mn barrels

Ecuador has awarded contracts to export 12.9mn barrels of oil worth over $700mn through national oil company Petroecuador's spot sales model, marking a significant recovery following a major pipeline crisis.

Uruguay proposes natural gas pipeline linking Argentina's Vaca Muerta to Brazil

Uruguay's Industry and Energy Minister Fernanda Cardona confirmed the country's plans to propose a natural gas pipeline connecting Argentina's Vaca Muerta shale formation with Brazil, positioning Uruguay as a transit route for regional gas flows.

Vassa strengthens Venezuela’s oil and industrial production

DelcyRodríguez highlighted the company’s role as a cornerstone of Venezuela’s industrial chain

Venezuela projects 9% growth, calls on European oil firms to bypass US sanctions

“Until when will Europe subordinate itself to what’s in charge in Washington? Here you are free, come and produce,” Maduro said

Colombia Ecopetrol denies awarding multimillion-dollar gas deal to Ricardo Roa's friend

State-controlled oil producer Ecopetrol has categorically rejected allegations of contract favouritism following journalistic investigations into a proposed Caribbean regasification facility.

Brazil hits 5mn barrels of oil and natural gas daily

Brazil exceeded 5mn barrels of oil and natural gas per day for the first time in July, according to the National Agency of Petroleum, Natural Gas and Biofuels (ANP).

TechnipFMC wins Petrobras subsea deals

TechnipFMC has been awarded two subsea contracts by Brazil’s state-run oil company Petrobras for flexible pipe systems in the Santos and Campos basins.

Fugro wins Brazil deepwater exploration deals

Fugro has entered into two three-year agreements with offshore services provider Constellation to support deepwater exploration in Brazil’s Campos Basin and the Equatorial Margin.

YPF completes first-ever remote fracturing in Argentina's Vaca Muerta

YPF has achieved a technological breakthrough in Vaca Muerta operations, conducting its first completely remote fracturing operation controlled from the company's Real-Time Intelligence Centre in Puerto Madero, Buenos Aires.