LatAmOil - Latin America Oil & Gas

Suriname's president announces national local content programme for oil and gas sector

Newly elected Surinamese President Jennifer Geerlings-Simons has announced plans to launch a National Local Content Programme in 2026, aimed at ensuring Surinamese citizens benefit directly from the country's emerging oil and gas sector.

Colombia's Ecopetrol secures environmental clearance for Coveñas gas terminal

Cenit, the pipeline subsidiary of state-controlled Ecopetrol S.A. received environmental authorisation from the Autoridad Nacional de Licencias Ambientales for a regasification facility at its Coveñas maritime terminal.

Colombia’s August exports edge down slightly to $3.84bn on weaker US demand

Colombia's Ecopetrol sets October deadline for Coveñas gas terminal bidding

State-controlled Ecopetrol SA will commence accepting binding proposals on October 14 for its northern Caribbean regasification facility, with contract award anticipated before year-end.

AKOFS offshore secures $246mn Brazil’s Petrobras deal

AKOFS Offshore, the Oslo-based subsea services provider, has secured a four-year contract to continue work for Brazilian oil company Petrobras, the firm said.

US court upholds ruling against PDVSA in expropriation dispute

The US Court of Appeals for the DC Circuit ruled that PDVSA functions as an “alter ego” of the Venezuelan state, meaning that the country effectively took Helmerich’s assets in breach of international law

Colombia's Ecopetrol advances second LNG terminal as nation faces gas crisis

State-controlled Ecopetrol SA is finalising plans to convert portions of its Caribbean coast port into a liquefied natural gas import facility as Colombia confronts a widening fuel deficit.

New Fortress Energy appears to abandon $700mn Nicaragua gas plant

After three years of postponing the start of operations at the plant it built in Puerto Sandino, it appears US-based New Fortress Energy has shelved its project to generate energy with natural gas in Nicaragua, La Prensa reported.

Pemex to pay Slim's Carso $2.65bn for Lakach field services

Mexican state oil company Pemex will pay over $2.6bn under a services contract to Grupo Carso, owned by Mexican businessman Carlos Slim Helú, for the Lakach gas field in the Gulf of Mexico, Bloomberg Línea reported.

From Paris to Sopó, Colombia's Ecopetrol hit by fresh probe demand

Colombia's Attorney General's Office evaluates assigning a whistleblower complaint alleging procurement irregularities in a technology surveillance contract at state oil company Ecopetrol to prosecutors already investigating apartment purchases.

Venezuelan oil firm loses immunity bid in US drilling rig dispute

Petróleos de Venezuela must defend itself against expropriation allegations after a federal appeals panel rejected its sovereign immunity defence on October 3, Law360 reported.

Repsol deepens US ties to revive frozen operations in Venezuela

Repsol is stepping up efforts to restore its operations in Venezuela, aligning more closely with Washington’s political signals as it seeks to regain access to the country’s oil sector

Brazil’s Petrobras to open FPSO bids for Sergipe project this month

Petrobras will open bids for two FPSOs under the Sergipe Deep Waters Project (Seap) on October 15, following a two-week extension requested by bidders.

DOF orders new ROV from UK’s FET for Brazil subsea work

Norwegian offshore services firm DOF Group has ordered a work-class remotely operated vehicle (ROV) and tether management system from UK-based Forum Energy Technologies (FET) to support subsea projects in Brazil.

Brazil’s Brava Energia to suspend Papa-Terra output for maintenance

Brava Energia will temporarily suspend production at its Papa-Terra field in Brazil’s Campos Basin for up to 12 days in November 2025 to perform scheduled maintenance.

Brazil’s Petrobras moves ahead with new FPSO in Búzios field

Petrobras has begun the contracting process for the construction of the FPSO Búzios 12 (P-91), which will operate in the Santos Basin, Rio de Janeiro.

Ecuador capital erupts in protest as Noboa defies calls to reinstate fuel subsidies

Ecuador's capital, Quito, became a battleground between rival protest groups on October 5 as a state of emergency took effect across 10 provinces, following two weeks of demonstrations against President Noboa's elimination of fuel subsidies.

Brazil’s Colorado submits bid to acquire Raízen's Continental sugarcane facility

Colorado Group, operating two processing facilities across Brazil's Center-South territory, has tendered an offer for Raízen's Continental mill, according to two sources familiar with negotiations who requested anonymity.

Uruguay extends fuel tax breaks along borders with Argentina and Brazil

Under the expansion, businesses located 20 to 60 kilometres from the border will receive a partial refund of approximately 15%

Venezuela reaffirms commitment to OPEC production discipline

Caracas stressed that energy should serve as a driver for development rather than a tool for speculation, particularly amid the ongoing global energy transition

Colombia's exports to US shift from energy to non-mining goods under trade pact

Brazil's Elea Data Centers to construct 30MW São Paulo facility for Petrobras

Transocean secures $243mn in ultra-deepwater drillship contract extensions

BP and Brazil’s Petrobras extend Transocean rigs

Offshore drilling contractor Transocean said it secured around $243mn in backlog after BP and Petrobras exercised contract options to keep two ultra-deepwater drillships in operation in the Gulf of Mexico and Brazil.

Brazil to boost LPG imports for subsidy scheme

Brazil’s main LPG distributors will increase imports, largely from the United States, to supply demand expected from the government’s Gas do Povo subsidy, executives said during Liquid Gas Week in Rio de Janeiro.