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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Maduro brandishes Bolívar’s blade — and oil leverage — as US pressure mounts
Nicolás Maduro placed Simón Bolívar’s blade at the centre of a carefully choreographed show of defiance, using the historic sword as the focal point of a vow to resist mounting pressure from the United States
Mexico’s Pemex liquid hydrocarbon output drops 0.6% in October, crude production hits 35-year low
Mexican state oil company Pemex recorded liquid hydrocarbon production of 1.641mn barrels daily in October, representing a monthly decline of 0.6% or 10,000 barrels per day below September levels, El Economista reported.
Mexico’s Pemex liquid hydrocarbon output falls 0.6% in October
Mexican state oil company Pemex liquid hydrocarbon production in October reached 1.641mn barrels daily, showing a monthly decline of 0.6% or 10,000 barrels per day less than reported in September, El Economista reported.
ExxonMobil Guyana's inaugural project lowers back down to initial output levels
ExxonMobil Guyana’s Liza 1 development is retreating toward its original 120,000 barrels per day (bpd) design capacity, according to production data.
Guyana's oil output to reach new heights with Uaru project underway
Guyana is looking to achieve a new oil production milestone, with the $12.7bn Uaru project scheduled to commence operations in 2026.
Maduro weighs oil cargoes as leverage in potential Venezuela-US talks
Venezuela’s Nicolás Maduro is prepared to leverage the country’s crude exports — which overwhelmingly flow to China — if negotiations with Washington gain traction
Pemex, Mexican Petroleum Institute initiate methane reduction programme with World Bank backing
Argentina's YPF enters deal with ENI to explore offshore Uruguay block
Argentina's YPF has entered offshore exploration for the first time, partnering with Italy's ENI to jointly acquire the OFF-5 block 200km off Uruguay's coast.
Colombia's Ecopetrol contracts wind-assisted vessel cutting CO2 emissions 49% on Naphtha route
Ecopetrol contracted a vessel equipped with auxiliary wind propulsion systems for naphtha transport between Cartagena Refinery and Pozos Colorados Maritime Terminal, reducing carbon dioxide emissions 49% compared with conventional vessels
US lawmaker says Venezuela intervention could boost economy via oil
Republican Representative María Elvira Salazar argued that a potential US intervention in Venezuela would yield “very good news for the US economy”
Brazil’s Petrobras signals output push
Petrobras expects oil output to continue rising despite pressure from international prices, Chief Executive Magda Chambriard said.
Staatsolie eases the avalability of 60% of Suriname's offshore acreage to E&Ps
Suriname is preparing for a digital transformation as telecommunications companies Telesur and Orange Global Networks expand the country's international connectivity to support surging data demand driven by offshore oil development.
Argentine oil and gas outlook appears strong following record production
Argentina has achieved a historic milestone in oil production, with output reaching 859,500 barrels per day in October, surpassing the previous record of 847,000 barrels daily set in 1998, according to the Argentine Energy Secretariat.
Colombia's Petro warns Venezuela intervention would push Ecopetrol into loss
Colombian President Gustavo Petro warned that any US military intervention in Venezuela would collapse international oil prices and drive state-controlled Ecopetrol into financial losses, whilst triggering an influx of Venezuelan migrants
Colombia's Ecopetrol charters wind-powered tanker, cutting emissions 49%
Colombia's state-controlled oil company Ecopetrol chartered a vessel equipped with auxiliary wind propulsion technology that reduces carbon dioxide emissions by 49% compared to conventional tankers
Russian tanker reaches Venezuela after days of manoeuvring near US destroyer
A Russian tanker operating under international sanctions has entered Venezuelan waters after a week of evasive movements around a US Navy destroyer
Brazil’s SISTAC extends subsea deal with DOF
SISTAC has agreed a long-term contract addendum with Norway’s DOF Subsea for underwater inspection, maintenance and repair work in the Campos, Santos and Espírito Santo basins serving Petrobras.
Sulzer wins pump order for Brazil FPSOs
Swiss Sulzer has been awarded a contract to provide water injection package systems for Seatrium’s P-84 and P-85 FPSO units that will operate for Petrobras in Brazil, the company said.
Argentina surpasses national oil production record
Argentina has surpassed its 1998 national oil production record, reaching 859,500 barrels per day in October 2025, government data confirmed.
Brazil's Petrobras requested to standardise pre-salt natural gas at minimum 85% methane
Brazil's regulator has determined that Petrobras must standardise natural gas delivered to the market with a minimum content of 85% methane, ending the historic exception granted to gas originating from the pre-salt layer.
Shearwater launches third season of Pelotas Basin seismic acquisition
Shearwater Geoservices has commenced the third season of multi-client 3D seismic data acquisition in the Pelotas Basin offshore Brazil, building on the success of previous campaigns in the area.
Transocean secures $89m contract options in Brazil, Norway, and Romania
Transocean has announced contract fixtures for one ultra-deepwater drillship and two harsh environment semisubmersibles totalling approximately $89mn in firm contract backlog
ExxonMobil mulls purchase of ONE GUYANA FPSO as Payara maintains production record
ExxonMobil Guyana is considering buying the ONE GUYANA floating, production, storage and offloading (FPSO) vessel in early 2026, ahead of the unit's maximum lease end in August 2027, according to SBM Offshore
Brazil's Private Oil & Gas accumulates $93mn in contracts, eyes offshore entry
Brazil's engineering services provider Private Oil & Gas is expanding its presence in the onshore segment, accumulating BRL500mn ($92.7mn) in contracts, and is preparing for a gradual entry into the offshore marke
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