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 awards $736mn in vessel contracts to Brazil's Oceanica
Brazilian state-owned oil company Petrobras has awarded long-term subsea vessel contracts worth BRL4.2bn ($736mn) to Brazilian provider Oceanica Engenharia e Consultoria.
Brazil’s Petrobras helicopter contracts could total $1.7bn as offshore aviation costs rise
Brazilian state-owned oil company Petrobras is expected to charter between 35 and 45 helicopters in 2026, generating contracts worth around BRL9.0bn ($1.7bn) as tight global aircraft availability pushes up costs, according to a source.
ExxonMobil files environmental assessment for Guyana's first non-associated gas project
Colombia, PDVSA review pipeline contract as Caracas signals exit
Colombia is assessing the future of a cross-border pipeline agreement after PDVSA indicated it intends to terminate a contract with Ecopetrol linked to the rehabilitation of the Antonio Ricaurte gas pipeline, Colombia’s energy minister said
Colombia's Ecopetrol profit drop weighs on Colombia corporate earnings in 2025
A sharp decline in profits at Ecopetrol weighed on overall corporate results in Colombia during 2025, as subdued industrial activity and policy uncertainty limited business momentum across sectors
Colombia, Venezuela launch working groups on security, trade, energy after postponing presidential summit
Venezuela and Colombia established four ministerial working groups on March 13 at Caracas's Miraflores Palace covering security, foreign relations, trade and energy following the cancellation of a planned summit
Venezuela ships first LPG tankers to Colombia across Simón Bolívar bridge, eyes pipeline restart
Venezuela dispatched its inaugural shipment of liquefied petroleum gas (LPG) to Colombia on March 13 via tanker trucks crossing the Simón Bolívar international bridge connecting San Antonio del Táchira to Cúcuta
Eni sees path for Venezuelan gas exports as sanctions ease
Italian energy group Eni SpA is exploring renewed prospects for Venezuelan gas exports, signalling a gradual re-entry of the Caribbean nation into global energy markets under a US-backed interim administration
Cuba opens investment to diaspora as energy crisis deepens
Cuba will allow citizens living abroad and their descendants to invest and establish businesses on the island, a policy shift aimed at attracting capital as the country struggles with a severe energy shortage and economic contraction
Brazil delays biodiesel blend rise
Brazil will not increase the mandatory biodiesel blend in diesel until feasibility tests are completed, despite calls from industry groups for a higher mandate as oil prices react to tensions involving the United States and Iran.
Mexico-based Pemex's Deer Park refinery logs second straight annual loss despite operational rebound
Sempra's Vista Pacífico LNG project dies in Mexico after regulatory rejection, environmental opposition
Eco Atlantic to acquire remainder JHI in $52mn deal, adding Falklands and Guyana assets
Eco Atlantic Oil & Gas has agreed to acquire the remaining shares of JHI Associates in a deal valued at about $52.3mn, expanding its offshore exploration portfolio with stakes in the North Falkland Basin and offshore Guyana.
Higher oil prices could accelerate investment in Argentina’s Vaca Muerta, Vista CEO says
Rising global oil prices linked to tensions in Iran could accelerate investment and production growth in Argentina’s shale sector, according to Vista Energy chief executive Miguel Galuccio.
YPF chief says Vaca Muerta could drive up to $50bn in Argentina energy exports
The head of YPF said the development of the Vaca Muerta shale basin could enable Argentina to generate between $40bn and $50bn in annual energy exports by 2032.
Bolivia’s YPFB rejects fuel additive concerns, blames social media misinformation
Bolivia’s state energy company Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) has defended its fuel additive programme after online reports alleged that gasoline sold in the country could damage vehicle components.
Brazil’s Petrobras pushes local build rule
Petrobras is seeking higher levels of domestic participation in offshore developments even where contracts do not require it.
Hormuz crisis lifts LNG prices in Brazil
Brazil’s Petrobras diesel auction hits market
Petrobras sold 20mn litres of diesel through an auction in Rio Grande do Sul, as authorities seek to increase competition in the domestic fuel market following price pressure linked to the conflict in the Middle East.
Brazil scraps diesel tax as oil jumps
Gas injection begins at Brazil’s P-78
Seatrium said gas injection has begun at the P-78 FPSO operated by Petrobras, marking a step in the vessel’s move towards full operations.
Brazil's Petrobras awards Oceânica subsea deals
Oceânica Engenharia e Consultoria said it has signed long-term service agreements with Petrobras valued at about $736mn (BRL4.2bn).
Colombia's Ecopetrol chief charged with influence peddling
Colombian prosecutors have formally charged Ricardo Roa, chief executive of Ecopetrol, with influence peddling linked to the purchase of an apartment allegedly acquired below market value in exchange for contracts with the state oil company
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