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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China to receive crude oil from Guyana for the first time in three years
China is set to receive its first direct shipment of Guyanese crude oil in three years, according to independent price reporting agency Quantum Commodity Intelligence.
SBM Offshore on track to deliver Guyanese FPSOs in 2025
SBM Offshore remains on track to deliver three major floating production storage and offloading vessels in 2025, with significant progress across all units.
Oil spill from massive cargo vessel occurs in Guyana's Demerara River
An environmental emergency unfolded along Guyana's Demerara River when the AROYAT, a foreign-flagged bulk carrier, leaked oil while docked at a sugar terminal, as announced by the Maritime Administration Department.
United Oil & Gas advances Jamaica exploration with seafloor sampling permit application
London-based United Oil & Gas has taken a significant step forward with its Caribbean exploration ambitions, filing permit documents with Jamaican authorities for an extensive seafloor sampling programme, the company said in a press release.
Colombia's Ecopetrol faces environmental sanctions over Huila oil project
Colombian environmental regulator has initiated sanctions proceedings against state oil company Ecopetrol for environmental violations at its Río Ceibas oil field project in Huila, according to documents.
Venezuela's April oil output rises slightly, although OPEC estimates show decline
Venezuela’s crude production edged up slightly in April, maintaining output above 1mn barrels per day (bpd) for the fourth consecutive month, according to figures submitted by the government to OPEC
Chevron and European firms push to keep Venezuelan oil stakes as US tightens sanctions
Chevron Corp. and several European oil companies are seeking approval from the Trump administration to maintain their holdings in joint ventures with Venezuela’s state oil firm, PDVSA
Mexico’s Pemex production shortfall eclipses tax collection gains in first quarter, analyst warns
Low oil production at Mexican state oil company Pemex overshadowed government efforts to boost tax revenues through enforcement measures in the first quarter.
Venezuela faces economic meltdown amid renewed oil sanctions, soaring inflation
Venezuela is bracing for more economic turmoil as international sanctions, rampant inflation, and currency devaluation return to the fore
Falling oil prices, though a hit to revenue, offer some fiscal relief for Colombia
Lower oil prices are providing a mixed blessing for Colombia's strained fiscal position, offering some respite to the country's fuel subsidy mechanism despite reducing government revenue, according to a new analysis from Corficolombiana.
Trinidad's Touchstone sees decline in revenue in Q1 as production wavers
Touchstone Exploration Inc. has reported its financial and operating results for the first quarter of 2025, showing a decline in production and revenue compared to previous periods.
Brazil corn output rises as ethanol drives demand
Brazil’s corn production for the 2024/25 season is expected to reach approximately 125mn metric tonnes, according to Paulo Bertolini, president of the Brazilian Association of Corn and Sorghum Producers (Abramilho).
Mexico's Pemex eyes LNG plants for southern states of Oaxaca, Veracruz
Mexican state oil company Pemex is evaluating liquefied natural gas projects at two locations to support southeastern regional development and reduce import dependence, a company adviser said.
Mexico's Pemex to cut oil exports as Dos Bocas refinery reaches full capacity
Mexico will export only 400,000 barrels daily (bpd) of crude oil once the Dos Bocas refinery operates at maximum capacity, Margarita Pérez, director general of PMI Comercio Internacional, announced.
Brazil’s Petrobras mulls return to Nigeria, contradictions on investment plans pile up
Brazil’s national oil company Petrobras is pursuing a return to Nigeria's oil sector, targeting frontier deep-water acreage as the two countries prepare for their strategic dialogue in June, according to Nigerian officials.
Mexico’s Pemex allows private firms to revive shut oil wells through risk service contracts
Mexican state oil company Pemex will permit private companies to handle investment, engineering, operation and maintenance of oil well production through risk service contracts, while retaining control as operator of petroleum assignments
Hess still targets Guyana’s Stabroek, block is central to contested Chevron acquisition
Hess Corp. directed most of its capital and exploratory expenditures to Guyana in Q1 2025, the company has announced, underscoring the South American nation's growing significance in the company's global portfolio.
Brazil’s Petrobras profit rises on FX gain
Brazil’s Petrobras posted a first-quarter net profit of BRL35.2bn ($6.2bn), up 49% from a year earlier, supported by BRL14.6bn in currency-related gains following a 7% appreciation of the real in late March.
Brazil’s Petrobras rethinks FPSOs as drilling plans expand
Petrobras plans two new drillings in the Aram block in the Santos Basin pre-salt following a second oil discovery, aiming to better define the area’s central and northeast regions.
Brazil bets on ethanol for global fuel shift
Brazil’s sugar-energy sector is seeking a stronger global role in the energy transition, with the Brazilian Sugarcane and Bioenergy Industry Association (UNICA) set to promote ethanol as a decarbonisation tool at the NY Sugar Dinner.
Brazil’s Brava Energia hits output record after Enauta merger
Brazil’s Brava Energia reported first-quarter 2025 results, posting production of 70,800 barrels of oil equivalent per day, with a record 82,000 boepd in April.
Brazil's Petrobras CEO under fire for 'drill, baby, drill!' comment about Amazon exploration
The CEO at Brazil’s national oil company Petrobras, Magda Chambriard, has drawn criticism after a video emerged showing her using the phrase "Drill, baby, drill!" when discussing controversial oil exploration near the mouth of the Amazon River.
Brazil's Petrobras CEO under fire for 'drill, baby, drill!' comment about Amazon exploration
The CEO at Brazil’s national oil company Petrobras, Magda Chambriard, has drawn criticism after a video emerged showing her using the phrase "Drill, baby, drill!" when discussing controversial oil exploration near the mouth of the Amazon River.
Brazil’s Petrobras profit rises on FX gain
Brazil’s Petrobras posted a first-quarter net profit of BRL35.2bn ($6.2bn), up 49% from a year earlier, supported by BRL14.6bn in currency-related gains following a 7% appreciation of the real in late March.
Frontera Energy looks to retain Guyana's Corentyne Block despite expiration
Canadian oil company Frontera Energy has insisted that it wants to retain the offshore Corentyne Block despite the Guyanese government’s decision to revoke it.
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