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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Pluspetrol and YPF bolster Argentina's gas processing capacity
Governor Rolando Figueroa of Argentina’s Neuquén province visited the La Calera field on May 9, local media reported, where Pluspetrol and YPF have increased gas processing capacity by 20%.
Brazil’s Brava Energia backs off Bahia asset sale
Brazil’s Brava Energia has halted the divestment process of its onshore and shallow water assets in Bahia state, after a reassessment of its operational performance and strategic priorities.
Norwegian Prosafe eyes $204mn Petrobras deal
Brazil's Petrobras CEO under fire for 'drill, baby, drill!' comment about Amazon exploration
The CEO at 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.
Norway wealth fund divests Pemex bonds over corruption concerns
Norway's sovereign wealth fund has offloaded all fixed-income holdings in Mexico's state oil company Pemex, citing unacceptable corruption risks.
Citigroup faces $1bn fraud claim over Mexican energy firm
A US appeals court ruled Citigroup must defend itself against allegations it orchestrated and concealed fraud at bankrupt Mexican oil services company Oceanografia.
Mexico's Pemex admits two oil pipeline leaks affecting 7km of Tabasco coast
Mexican state oil company Pemex confirmed two leaks in a pipeline transporting oil from the Akal-C platform to the Dos Bocas Maritime Terminal in Tabasco.
BLOG: Don't be afraid of the great gas glut
We are on the brink of a serious glut in global LNG supply – some will say. Global gas prices are indeed set to fall and the market loosen over the coming years, thanks mainly to the US and Qatar.
Brazil’s Petrobras reports new Santos Basin oil discovery, resumes onshore drilling in Bahia
Petrobras has announced a new high-quality oil discovery in the Santos Basin's Aram block and the resumption of onshore drilling operations in Bahia state.
Brazil’s Petrobras extends Solstad vessel contract through 2030
Brazil’s national oil company (NOC) Petrobras has secured the continued service of Norwegian shipping company Solstad Offshore's anchor handling tug supply (AHTS) vessel Normand Turquesa until 2030, subject to board approval.
Venezuela restarts key unit at Cardón refinery, but output still far below capacity
Venezuela has resumed operations at the fluid catalytic cracking unit of the Cardón refinery, the country’s second-largest, after more than a year offline due to technical failures and a lack of critical inputs.
Staatsolie becomes growing contributor to Suriname's treasury in 2025
Staatsolie delivered $384mn to Suriname's state treasury for the 2024 fiscal year, marking the third consecutive year its contribution has exceeded $300mn.
YPF post strong Q1 results amid rising Argentina activity
YPF's first-quarter 2025 results revealed significant expansion in Vaca Muerta operations, with shale oil production averaging 147,000 barrels per day between January and March.
Brazil’s Vibra bets on AI and startups to reshape fuel business
Brazilian fuel distributor Vibra Energia has integrated artificial intelligence and startup investment into its innovation strategy, focusing on operational efficiency and new revenue streams.
Mexican state oil company reports 10% rise in fuel theft despite enhanced surveillance
Mexican state oil giant Pemex experienced a 10% increase in hydrocarbon theft last year despite expanded security protocols and a significant reduction in detected illegal pipeline connections.
Mexico's Pemex posts MX$109bn gross profit in Q1, cuts supplier debt by 20%
Mexican state oil firm Pemex reported MXN64bn operating profit on improved financial discipline and cost management, Mexico Business News reported.
ExxonMobil begins drone surveillance along Guyana's Gas-to-Energy pipeline
ExxonMobil Guyana has initiated drone surveillance operations along the Gas-to-Energy pipeline corridor stretching from Nouvelle Flanders on the West Coast Demerara to Reynstein on the West Bank Demerara.
Colombia's Ecopetrol eyes cost reductions amid oil price volatility
Colombia's state-controlled oil company, Ecopetrol, has announced plans to reduce its operating costs by approximately COP 1 trillion (around $232mn) in response to declining oil prices that have impacted its profitability.
Fitch affirms Colombia’s SierraCol at 'B+' rating with stable outlook
Fitch Ratings has affirmed Colombian oil producer SierraCol Energy Limited's Long-Term Foreign and Local Currency Issuer Default Rating (IDR) at 'B+' with a Stable Outlook.
Trinidad and Tobago seeks alternative energy projects following death of Dragon gas deal
Trinidad and Tobago's new administration has officially declared the Dragon gas deal with Venezuela "dead" following its revocation by the Trump administration, forcing the Caribbean nation to seek alternative regional energy partnerships.
Brazil’s Petrobras issues tender for 18 platform supply vessels
Brazil’s national oil company (NOC) Petrobras has launched a large-scale tender to charter up to 18 platform supply vessels (PSVs) to support its ambitious production expansion plans over the next three years
Venezuela vows to sustain oil output as Chevron prepares exit under renewed US sanctions
Venezuela intends to keep oil flowing from key fields formerly operated with Chevron, as the US energy giant winds down operations ahead of a May 27 deadline imposed by Washington
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