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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British AVEVA eyes expansion into Argentine mining and energy sectors
British industrial software multinational AVEVA is positioning for significant expansion in Argentina, targeting the investment surge generated by the Vaca Muerta shale formation.
Colombia's Ecopetrol to boost Colombia natural-gas supply by 37% from December
Colombian state energy firm Ecopetrol announced it will increase its natural-gas supply for residential and commercial customers by 37% compared with 2025 volumes, by injecting 182 Gbtud into the national grid from December 2025
Colombia lacks measurable fossil fuel phase-out targets, report finds
Colombia's latest nationally determined contributions lack concrete, measurable targets for eliminating fossil fuels despite the country's vocal international advocacy for phasing out coal, oil and gas
Açu banks on Brazil decommissioning demand
Brazil’s Porto do Açu expects steady demand for oil platform decommissioning services despite changes in Petrobras’ capital allocation for the activity.
Brazil’s Petrobras to retire 5 Sergipe fields
Ibama has approved the dismantling of five shallow-water fields in the Sergipe Basin operated by Petrobras. The company had signalled in 2020 that exploration in these areas would cease.
Oil markets eye Venezuela as JPMorgan flags transition risk to global supply
The bank’s latest outlook links renewed speculation over institutional change in Caracas to the US military build-up in the Caribbean and rising geopolitical pressure on Nicolás Maduro
Venezuela condemns US court approval of $5.9bn Citgo sale as “barbaric dispossession”
Venezuela has slammed a United States court decision authorising the sale of oil company Citgo to settle billions of dollars in debt, calling the move "fraudulent" and a violation of its sovereign assets.
Brazil’s Petrobras cuts investments, deprioritises some Equatorial Margin wells on lower crude prices
Petrobras approved a $109bn business plan for 2026-2030, reducing total investments by nearly 2% from its previous five-year plan while lowering dividend forecasts as Brazil's state-owned oil major navigates a scenario of depressed crude prices.
UK’s Centrica signs 15-year LNG supply deal with Honduras
London-headquartered Centrica Energy has reached an agreement to supply LNG to Exodus for Honduras.
Camuzzi Gas to launch $3.9bn LNG export project in Argentina's Buenos Aires Province
Camuzzi Gas Inversora has announced plans for a $3.9bn LNG export project in Buenos Aires Province, capitalising on Argentina’s expanding hydrocarbons sector.
Brazil sees second-generation ethanol as key to energy transition leadership
Second-generation ethanol produced from sugarcane waste represents a promising technology for Brazil's energy transition, though the country must accelerate commercialisation efforts to maintain global leadership in biofuels.
UK’s Acteon secures three-year Petrobras mooring services contract
Acteon has been awarded a three-year contract by Petrobras to deliver quality assurance and traceability services for Brazil’s state-owned oil company's mooring components inventory.
Brazil’s Petrobras, Abu Dhabi’s Mubadala advance negotiations for Bahia refinery repurchase
Negotiations between Petrobras and Abu Dhabi investment fund Mubadala regarding the future of the Mataripe Refinery in Bahia have restarted, with an initial proposal involving the state-owned oil company taking back control of the facility.
Brazil’s Petrobras suggests again naming Tupi oil field after President Lula
Brazil’s state-owned energy major Petrobras’ CEO Magda Chambriard suggested renaming Brazil's second-largest oil field in honour of President Luiz Inácio Lula da Silva, reviving a tribute reversed in 2020 after a court order.
Brazil's PPSA postpones Bacalhau oil field auction to January
Brazil’s state-owned oil and gas operator Pré-sal Petróleo (PPSA) has postponed the auction of oil produced at Equinor's Bacalhau field to 2026, the company linked to the Ministry of Mines and Energy said, without giving further details.
Brazilian prosecutors seek annulment of Petrobras pre-salt environmental licence
Brazil's Federal Public Prosecutor's Office has filed two public civil actions against state-owned energy major Petrobras and federal agencies seeking to annul a preliminary environmental licence for expanded oil exploration in the Santos Basin.
Brazil hits record oil, gas output in October on pre-salt production surge
Brazil produced a record average of 5.255mn barrels of oil and natural gas equivalent per day in October, marking the country's fourth monthly production record this year.
Brazil’s Petrobras resumes $1.5bn refinery expansion suspended by corruption scandal
Brazil’s state-owned energy major Petrobras has resumed a project to double production capacity at its Refinaria Abreu e Lima (Rnest) in the northeast nearly a decade after construction was halted amid corruption investigations.
Chevron confronts higher legal risk in Venezuela after US terror designation
Chevron Corp. and a small group of foreign oil producers are navigating a tougher landscape in Venezuela after Washington labelled the Cartel de los Soles a foreign terrorist organisation
Brazil refinery deal draws major bidders
Energy traders Mercuria Energy Group and Vitol Group are among the shortlisted bidders for a refinery and a network of fuel stations in Argentina that Raizen SA plans to sell, according to people with knowledge of the discussions.
Brazil’s Petrobras gains larger Tupi share
Petrobras has received notice from Brazil’s oil regulator ANP confirming approval of an addendum to the Production Individualisation Agreement for the Tupi shared reservoir in the Santos Basin.
TGS steps up Pelotas Basin push in Brazil
TGS has begun a 3D marine seismic survey in the Pelotas Basin as part of the Pelotas Norte Phase I programme.
Pluspetrol quadruples oil output at Argentine block
Pluspetrol announced on social media that it has quadrupled oil production at the Bajo del Choique – La Invernada block to 20,000 barrels per day in under twelve months.
Colombia's Ecopetrol maintains $7.2bn budget as Petro's exploration freeze bites
Colombian state energy company Ecopetrol approved a 2026 investment plan targeting COP22 trillion-27 trillion ($5.88bn-$7.21bn) to maintain production levels whilst President Gustavo Petro's anti-hydrocarbon policies constrain sectoral growth
Uruguay advances offshore oil exploration permits amid environmental concerns
Uruguay's government is moving to grant environmental permits to four companies for seismic exploration in its territorial waters, the first concrete steps in a controversial new phase of deep-water oil prospecting despite environmental concerns.
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