LatAmOil - Latin America Oil & Gas

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Oil & Gas

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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US refuses security guarantees for oil companies operating in Venezuela

26 January 2026

The US will not provide security guarantees for oil companies operating in Venezuela despite encouraging industry re-engagement with the country's oil sector, senior administration officials told oil executives.

Trump says US has seized Venezuelan oil from seven tankers, declines to reveal locations

26 January 2026

President Donald Trump said the US has taken Venezuelan oil from seven recently seized tankers but declined to disclose the vessels' locations, stating the crude is being processed at US refineries as Washington seeks control over Venezuela's oil.

Venezuela advances oil law reform to loosen state control over industry

26 January 2026

Venezuela's parliament has advanced legislation to reduce state control over its oil sector and expand private participation, breaking with principles established during President Hugo Chávez 2006 nationalisation.

YPF and Pluspetrol agree asset swap to accelerate Vaca Muerta LNG development

26 January 2026

Argentine oil companies YPF and Pluspetrol have agreed to swap assets in the Vaca Muerta shale formation, strengthening their positions in strategic blocks as the country pursues liquefied natural gas export ambitions, the companies announced.

Stena Carron drillship achieves record performance offshore Guyana

26 January 2026

Stena Drilling's drillship Stena Carron achieved record operational results offshore Guyana in 2025, completing a 17-well top-hole campaign with seven wells drilled in under three days.

ExxonMobil continues developmental drilling at Liza Phase 2 project offshore Guyana

26 January 2026

ExxonMobil Guyana is continuing developmental drilling operations at its Liza Phase 2 project in the Stabroek Block, with a campaign that began on January 18 and will run through February 28, according to the Maritime Administration Department.

TotalEnergies consortium completes $15mn signing bonus for Guyana's Block S4

26 January 2026

A consortium led by TotalEnergies completed a $15mn signing bonus payment to Guyana in December for exploration rights to offshore Block S4, marking the first such payment deposited into the country's Natural Resource Fund since its establishment.

Argentina ships first US-bound crude oil cargo via new Trafigura pipeline

26 January 2026

A tanker carrying 71,000 cubic metres of crude oil from Argentina's Neuquén Basin has departed for the United States through a newly constructed pipeline,marking the first major export via infrastructure designed to unlock shipments from Vaca Muerta

Brazil’s Petrobras signs major supply deals with Indian refiner, Norwegian shipper

26 January 2026

Brazilian state-owned oil company Petrobras is set to sign a $780mn crude supply contract with Indian refiner Bharat Petroleum Corporation Limited.

Brazil's regulator to review Petrobras' Sergipe deepwater plan in second approval attempt

26 January 2026

Brazil's oil regulator ANP will evaluate Petrobras' revised development plan for the Sergipe-Deepwater project at its first board meeting of 2026 on January 26, in its second attempt to unlock one of Brazil's largest gas projects.

Trump tightens grip on Venezuelan oil revenues as trading interest grows

25 January 2026

The White House has established a dedicated fund to receive income from crude sales, with payments routed through US-controlled accounts and disbursed at the president’s discretion

US rules out troop protection for oil firms as Venezuela reopens to investment

25 January 2026

The Trump administration does not intend to provide direct security for oil companies operating in Venezuela, Energy Secretary Chris Wright said, pushing back against speculation that US troops could be deployed to address safety concerns

Valero, Phillips 66 buy Venezuelan crude in first US refinery deals since Maduro ouster

25 January 2026

Valero Energy Corp. has purchased a cargo of Venezuelan crude, marking one of the first transactions by US Gulf Coast refiners under Washington’s agreement with Caracas to allow exports of up to 50mn barrels

Venezuela’s vast oil reserves face scrutiny as investment interest grows

25 January 2026

Venezuela’s assertion that it holds more than 300bn barrels of oil continues to be challenged by industry specialists, even as the figures underpin renewed interest from the White House and major oil producers

Trafigura makes first Venezuelan crude sale under US-backed supply deal

25 January 2026

Trafigura has completed the sale of its first cargo of Venezuelan crude under a supply agreement that allows up to 50mn barrels to be exported following Nicolás Maduro’s capture

Venezuelan tankers surface near Puerto Rico following US seizures

25 January 2026

The vessels — the supertanker M Sophia and the smaller Galileo — were spotted by witnesses and confirmed by data from Tankertrackers.com after weeks of uncertainty following their detention

Colombia to use first global fossil-fuel transition summit to launch permanent platform

24 January 2026

Colombia plans to use the world’s first global conference dedicated to moving away from fossil fuels to launch a permanent international platform aimed at accelerating the phase-out of coal, oil and gas

Brazil backs offshore vessels build

23 January 2026

Brazil’s government has approved BRL2.3bn ($430mn) in financing to build 6 vessels for offshore oil and gas support operations at a shipyard in Santa Catarina state, the Ministry of Ports and Airports said.

Brazil’s Eneva adds new gas field

23 January 2026

Eneva said it has declared the commerciality of the Colinas gas discovery in Brazil’s Parnaíba basin, marking the first such declaration in the country this year, according to information released by the company.

Venezuela forecasts 37% revenue increase from US-administered oil sales

23 January 2026

Venezuelan interim President Delcy Rodríguez projected government revenue will surge 37% during 2026 following petroleum export agreements brokered after former President Nicolás Maduro's capture by US forces earlier in January.

US controls Venezuelan oil pricing to China after Maduro's removal

23 January 2026

The United States is permitting China to purchase Venezuelan petroleum but insists on higher prices than Beijing paid under former president Nicolás Maduro's administration, a US official stated on January 22, the South China Morning Post reported.

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