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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Colombia's Ecopetrol accelerates renewable energy expansion with 2 GW acquisition plan
Ecopetrol, Colombia's state-controlled oil giant, is advancing its renewable energy ambitions by initiating the acquisition of approximately 2 gigawatts (GW) of renewable energy projects, primarily in wind and solar sectors.
Trump extends Chevron’s Venezuela exit deadline to April
The order mandates the closure of the company’s operations in the country, including its joint ventures with state oil firm PDVSA and any entity in which PDVSA holds a stake of at least 50%
Colombia's Ecopetrol enhances regasification capacity amid impending gas shortfall
Colombia's state-owned oil and gas company, Ecopetrol, has awarded a contract to local firm Puertos, Inversiones y Obras (PIO) to deliver regasification services along the nation's Pacific Coast.
Maduro threatens action over Guyana’s alleged oil exploitation in disputed waters
Venezuela’s Nicolás Maduro warned that his government would take decisive measures to address what he described as an "illegal action" by Guyana in a maritime area he claims remains "pending international delimitation."
Maduro pledges to expand Venezuela’s oil production despite Chevron licence revocation
Venezuela’s Nicolas Maduro denounced Washington’s directive for Chevron to cease its activities in the country within a month, branding the move as detrimental to both nations.
Chevron exit could lead to inflation and devaluation in Venezuela, warns economist
Asdrúbal Oliveros, Venezuelan managing partner of Ecoanalítica, has assessed the economic ramifications of the US decision to revoke Chevron's license, forcing the oil company to cease operations in Venezuela within 30 days
ExxonMobil Guyana oil production set to remain stable following Venezuelan border threat
Venezuelan coast guard vessels allegedly entered Guyanese waters on March 1, approaching an ExxonMobil production vessel in the disputed offshore region, according to Guyana's President Irfaan Ali.
Colombia's Ecopetrol initiates market-maker programme for share liquidity
Ecopetrol announced the implementation of a market-maker programme for its shares listed on the Colombian Stock Exchange.
Paused US tariffs on Mexican oil and gas spark trade tensions
US President Donald Trump has granted Mexico a temporary exemption of a month on most goods from recently imposed tariffs.
Venezuela naval vessels enter disputed Guyana waters near ExxonMobil site, Maduro regime approaches Caricom
Venezuela's coast guard vessels allegedly entered Guyanese waters on March 1, approaching an ExxonMobil production vessel in the disputed offshore region, Guyana's President Irfaan Ali announced.
Uruguay's new president prioritises energy as key economic driver
Uruguay already boasts one of the cleanest energy grids in the region, with 99% of its electricity derived from renewable sources
Colombia's Ecopetrol seeks $2bn debt to bolster acquisition strategy
Colombia's state-controlled oil firm, Ecopetrol, intends to secure up to $2bn in additional debt this year to finance acquisitions,
Oil workers' union leader calls Neuquén key to Argentina's future
Oil workers' union leader Marcelo Rucci has declared Neuquén province to be the epicentre of Argentina's future during the opening of 2025 legislative sessions.
Brazil’s Petrobras expands offshore fleet amid production push
Brazil’s national oil company (NOC) Petrobras is expanding its offshore capabilities with four additional support vessels by 2026, bringing its fleet to 48.
Brazil's Atlanta FPSO ships maiden crude cargo
Brazil's recently commissioned Atlanta floating production, storage and offloading (FPSO) vessel has exported its first crude oil shipment, loaded aboard the Sonangol Namibe in late February.
Venezuela pressures Caricom over Essequibo dispute amid rising tensions
Venezuelan Vice President Delcy Rodríguez urged the Caribbean Community (Caricom) to take a “constructive role” in the escalating border dispute with Guyana, warning against actions that could trigger regional conflict
Brazilian firm PRIO obtains drilling permit for Wahoo field
Brazilian oil and gas company PRIO, previously known as PetroRio, has obtained a drilling permit from environmental agency Ibama for operations at the Wahoo field in the Campos Basin, off the coast of Espírito Santo state
Venezuela's oil exports surged in February before US licence revocation
Venezuela’s crude and fuel exports climbed to their highest level last month since November, 2024, buoyed by shipments ahead of a US decision to revoke a key licence allowing Chevron to operate in the country
New US tariffs on Canadian and Mexican oil disrupt markets
Canadian oil imports to the US now face a 10% tariff, imposed on March 4. The sudden policy shift highlights ongoing volatility in trade relations between the US and its closest partners.
Pemex seeks lifeline in Asia and Europe after Trump’s tariff blow
Mexican state oil company Pemex is seeking markets in Asia and Europe for its crude exports following President Donald Trump's recent imposition of tariffs on Mexican goods, according to Reuters.
Chevron, Shell, and TotalEnergies work to boost Suriname's oil and gas exploration
Suriname's offshore oil and gas sector is poised for significant expansion as energy majors Shell, TotalEnergies, and Chevron prepare to drill approximately 10 wells between 2025 and 2027 in the country's portion of the Guyana-Suriname Basin.
Chevron's Venezuela licence caught in political dispute
The decision by US President Donald Trump to revoke Chevron’s oil licence in Venezuela has heightened tensions, as Washington takes a harder line on President Nicolás Maduro’s regime.
Texas refinery posts $118mn loss after Pemex acquisition
Deer Park refinery in Texas registered a $118m financial loss last year, marking its first negative results since Mexican state oil company Pemex acquired 100% ownership in 2022
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