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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Suriname’s offshore ambitions move beyond GranMorgu as new discoveries reshape investment outlook
Suriname’s offshore sector is entering a new phase as discoveries, licensing rounds and major projects point towards a potential multi-hub oil and gas province beyond GranMorgu.
Panama moves to full state ownership of Petroterminal in strategic infrastructure push
Panama is moving to acquire full ownership of Petroterminal de Panamá, consolidating state control over critical energy infrastructure through a contractual purchase mechanism rather than expropriation.
Alaska wildcatter sets sights on Venezuela in new frontier oil bet
The Texan wildcatter behind Alaska’s Pikka oil discovery is preparing to explore for crude in Venezuela after agreeing a draft deal with authorities
Venezuela targets 1.4mn barrels a day of oil output by year-end
Venezuela expects crude production to approach 1.4mn barrels per day by the end of 2026, Acting President Delcy Rodríguez said, outlining an expansion plan as the government seeks to generate additional revenue for the country's reconstruction
Mexican crude shipment reaches Japan for the first time since Iran war began
Japan’s Ministry of Economy, Trade and Industry said a tanker carrying 1mn barrels of Mexican Isthmus crude arrived in Japan on July 17, dropping off oil at Japan’s Yokkaichi and Chiba refineries in Mie and Chiba prefectures respectively.
Mexico regulator clears Paratus Energy's $400mn divestment of Fontis rig fleet to Borr Drilling JV
Bermuda-based Paratus Energy Services announced it has received approval from Mexico's competition regulator to proceed with the divestment of drilling operations and jack-up rigs belonging to Fontis Finance, an indirect subsidiary.
Pemex scraps four major offshore oil contracts in Mexico
Petróleos Mexicanos (Pemex), Mexico's state oil company, has cancelled four mixed contracts related to some of the country’s most closely watched offshore prospects, invoking force majeure after failing to resolve investor concerns.
Carlos Slim's Grupo Carso to buy out TotalEnergies stake in Gulf of Mexico oil field
A securities filing published on July 16 shows Grupo Carso SAB, the conglomerate controlled by Carlos Slim, Mexican billionaire and Latin America’s richest man, has agreed to acquire a stake in an offshore field in the Gulf of Mexico.
Colombia's Ecopetrol says cyberattack hits 15 group companies, 3,300 accounts
Colombia's state oil company Ecopetrol confirmed that an unidentified external threat actor had gained unauthorised access to its cloud storage environments, extracting data linked to approximately 3,300 user accounts across roughly 15 companies
Argentina's Vaca Muerta crude expands into Asian markets as US demand declines
Crude oil produced at Argentina's Vaca Muerta shale formation is reaching new markets in China and Southeast Asia as exports diversify away from the United States.
Phoenix Global Resources sets fastest drilling record in Argentina's Vaca Muerta
Phoenix Global Resources has completed the fastest well in its history at Argentina's Vaca Muerta shale formation, reducing drilling time by 13% compared with its previous company record while finishing the project 15% below its planned budget.
Río Negro regains Cerro Manrique oil and gas block after YPF exploration permit expires
Argentina's Río Negro province has formally regained control of the Cerro Manrique oil and gas block after YPF completed its exploration programme and returned the concession following the expiration of its exploration permit.
Venezuela sees 17% oil production growth by 2028, with execution key
Venezuela's oil industry is entering a new stage of its recovery, with attention turning from regulatory change and market access to the more difficult task of delivering sustained increases in production
India’s Venezuelan oil imports hold firm as refining capacity expands
Indian ports received 10.1mn barrels of Venezuelan crude in June, nearly unchanged from May's 10.2mn barrels and well above April's 8.3mn and March's 900,000 barrels. Another 7.7mn barrels are scheduled to arrive in July
Argentina launches offshore exploration tender off Atlantic coast
Argentina's government has launched an international tender process for offshore oil and gas exploration in the Argentine Sea off the coast of Buenos Aires Province after a Canadian energy company expressed interest in the block.
OPEC reflects on its superpower era
War‑time disruption, sanctions and the UAE’s exit have exposed the limits of OPEC’s market power, leaving the cartel more constrained, more reactive and less central to price formation
Brazil regulator rules in favour of Ecopetrol unit in tender offer appeal
Brazil's securities regulator has ruled in favour of a subsidiary of Colombian state-controlled energy group Ecopetrol in an administrative appeal, lifting a suspension on a public tender offer for shares.
Brazil delays Búzios FPSO tender
Petrobras has postponed the deadline for bids to build the Búzios 12 floating production, storage and offloading (FPSO) vessel by 180 days.
Brazil offshore output gets lift
Karoon Energy has restored production from the PRA-2 well at its Baúna field offshore Brazil, lifting total output to about 22,000 barrels of oil per day.
OPEC takes aim at the IEA over oil and gas forecasts
OPEC warns that pessimistic demand forecasts and financing restrictions risk deterring oil and gas investment.
Shell gives go-ahead to Caribbean LNG regasification plant in Bahamas
Shell has approved an investment in a small LNG receiving terminal in the Bahamas and begun construction at the project site.
Axess Group wins contracts for Golar LNG floating units assigned to Argentina LNG project
Norwegian asset integrity specialist Axess Group has secured contracts from Golar LNG to provide maintenance and integrity management services for two floating liquefied natural gas (FLNG) units that are scheduled to operate at Argentina's LNG export
Petroecuador dispatches 45.8mn barrels of fuel in first half of 2026
Ecuador's state-owned oil company Petroecuador dispatched more than 45.8mn barrels of fuel between January and June 2026, the firm said on July 14.
Uruguay to keep monthly fuel pricing review despite oil market volatility
Uruguay's government will maintain its regular process for setting domestic fuel prices despite recent swings in international crude markets, Industry, Energy and Mining Minister Fernanda Cardona said
Shell moves Venezuela's Dragon gas project forward with drilling tender
The contract is expected to be awarded by the end of September, although it will only become effective if the partners make a final investment decision on the 119bn cubic metres development
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