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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OPEC+ considers increasing production
OPEC+ is currently deciding on whether to delay a collection of monthly supply increases that were previously scheduled to start in April.
Brazil sets June date for oil licensing round after 18-month gap
Brazil's oil regulator ANP has scheduled its fifth permanent-offer licensing round for June 17, marking the country's return to exploration auctions after an 18-month break.
Mexico’s oil exports hit by crude contamination crisis
Mexico's state-owned petroleum company, Pemex, is grappling with a significant quality control crisis that industry experts say reveals systemic operational deficiencies.
Colombia imposes temporary taxes on oil, online betting and notaries
Colombia's government has introduced temporary taxes on oil exports, online betting and notarial services, effective until December 2025, to finance humanitarian aid in the conflict-ridden Catatumbo region.
Maduro courts Trump as oil and deportations shape US-Venezuela relations
Venezuela’s Nicolás Maduro has reached out to Donald Trump following their re-election, framing Trump’s presidency as an opportunity for a mutually beneficial relationship after years of hostility.
Brazil set to join OPEC+ but says it will opt out of cartel's output cuts
Brazil has approved joining OPEC+, marking the country's emergence as a major oil producer just months before it hosts the UN climate conference.
OPEC welcomes Brazil's decision to join oil producers' forum
OPEC welcomed Brazil's decision to join its Charter of Cooperation (CoC), a move that brings the world's seventh-largest oil producer into closer alignment with major energy-exporting nations just months before it hosts a crucial UN climate summit.
Venezuela strengthens energy and digital ties with India
Venezuela’s Nicolás Maduro has reaffirmed the country’s deepening economic and strategic partnership with India, emphasising energy investment as a central pillar of bilateral cooperation
Brazil’s Brava Energia to boost Atlanta output with 4 more wells
Brazil’s Brava Energia will connect four additional wells to its Atlanta field by mid-2025, marking a step forward in its supply agreement with commodity trader Trafigura.
Venezuela’s oil future hinges on Trump’s decision on Chevron
UK’s Amplus buys FPSO Petrojarl I after Brazil deployment
Floating production specialist Amplus Energy Services has acquired the Petrojarl I floating production storage and offloading (FPSO) vessel from Altera Infrastructure, marking its entry into vessel ownership.
Brazil’s Petrobras starts new Buzios production as field expansion continues
Brazil's national oil company (NOC) Petrobras has begun production at its Almirante Tamandare vessel in the Buzios field, adding capacity for 225,000 barrels of oil per day (bpd) as it pushes toward ambitious production targets.
Mexican authorities to continue legal action against Span's Iberdrola
Mexican authorities will continue legal action against Spanish energy organisation Iberdrola over an allegedly illegal energy sale, despite the dissolution of the regulatory body that imposed the original penalty
Pemex hits seven climate targets, says CA100+
Mexican state oil company Pemex has improved its climate disclosure and emissions targets, with seven of its net-zero indicators validated in 2024, up from one in 2023, Climate Action 100+ (CA100+) reported on February 17.
Brazil’s Petrobras to study reuse of decommissioned oil and gas platforms
Brazil’s national oil company (NOC) Petrobras has signed agreements with industry groups to study the potential reuse of decommissioned oil and gas platforms, as part of its 2025-2029 business strategy.
Chinese refiners boost Brazil, West Africa oil imports amid sanctions squeeze
Chinese refiners are increasing purchases of Brazilian and West African crude oil as they navigate US sanctions on Russia and Iran and respond to Beijing's new tariffs on US oil imports.
Brazil's Lula criticises high fuel prices, urges Petrobras to sell directly to consumers
Brazilian President Luiz Inacio Lula da Silva called on national oil company (NOC) Petrobras to bypass intermediaries and sell fuel directly to consumers, amid falling approval ratings and growing pressure over rising prices.
Brazil pushes Amazon oil exploration as it joins OPEC+ forum
Brazil intensified its drive for oil expansion this week after it joined OPEC+ while pressing environmental regulators to approve controversial drilling near the Amazon River mouth.
Brazil’s OPEC+ membership sparks environmental concerns
Brazil’s announcement that it would join the crude oil producing cartel OPEC+ has highlighted growing tensions between the country's oil ambitions and environmental commitments as it prepares to host the UN climate summit later this year.
Brazil keeps biodiesel blend at 14% as diesel prices rise
Brazil will maintain the mandatory biodiesel blend in diesel at 14% until further notice, Mines and Energy Minister Alexandre Silveira announced. The decision halts the planned increase to 15% in March.
MODEC launches oil and gas training programme in Guyana
MODEC has launched its inaugural trainee programme in Guyana, selecting eight candidates from over 1,000 applicants across the country.
ExxonMobil reveals output target for Guyana's Hammerhead project
ExxonMobil and its partners have unveiled plans for their seventh development project in Guyana's prolific Stabroek Block, with the Hammerhead project expected to produce up to 180,000 barrels per day of oil and 2.69mn cm/d of natural gas.
Labour action threatens Argentine oil and gas sector
Tecpetrol to conduct gas and oil pipeline infrastructure project in Argentina
Neuquén's construction industry is poised for significant expansion with Tecpetrol's major development in the Los Toldos II area near Rincón de los Sauces.
ExxonMobil identifies fresh gas resources to accelerate Guyana's Gas-to-Energy project
ExxonMobil has announced plans to more than double its gas supply for Guyana's Gas-to-Energy project following the identification of additional associated gas resources in the Stabroek Block.
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