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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Brazil’s Petrobras may cancel Indian firm's $1.5mn per day vessel tender
Brazil’s national oil company Petrobras is considering scrapping a tender awarded to India's Shapoorji Pallonji Energy for a floating production vessel due to high costs and insufficient local content.
Brazil’s Petrobras signs 15-year LNG supply deal with UK's Centrica
Brazil’s national oil company Petrobras has agreed to purchase 800,000 tonnes of liquefied natural gas annually from the UK’s producer Centrica in a 15-year deal starting 2027.
Colombia's Ecopetrol expands eastern plains amid US fracking controversy
Colombia's state-owned oil company Ecopetrol has identified substantial opportunities for development and exploration within the nation's primary oil-producing regions, while also investing in US fracking and offshore gas ventures.
Pemex wastes 8.7% of gas output through flaring in 2018-2024
Mexican state oil company Pemex flared 411mn cubic feet per day during AMLO administration.
Colombia's Ecopetrol enhances diesel quality at Barrancabermeja refinery
Ecopetrol has completed a $35mn investment to upgrade its Barrancabermeja refinery, enabling the production of ultra-low-sulphur diesel (ULSD) with less than 10 parts per mn (ppm) of sulphur.
ExxonMobil FPSO departs for Guyana's Yellowtail project
Guyana's offshore oil expansion has reached another milestone as ExxonMobil's fourth floating production facility has departed Singapore for South American waters, according to company Vice President for Deepwater Hunter Farris.
Inspection of Argentine oil pipeline underway amid environmental concerns
The Río Negro Secretariat of Environment and Climate Change has conducted an inspection of Oldelval SA's Duplicar oil pipeline route, focusing on the segment between the Zorrilla Pumping Station in Choele Choel and the Colorado River crossing.
OPEC+ considers increasing production
OPEC+ is currently deciding on whether to delay a collection of monthly supply increases that were previously scheduled to start in April.
Brazil sets June date for oil licensing round after 18-month gap
Brazil's oil regulator ANP has scheduled its fifth permanent-offer licensing round for June 17, marking the country's return to exploration auctions after an 18-month break.
Mexico’s oil exports hit by crude contamination crisis
Mexico's state-owned petroleum company, Pemex, is grappling with a significant quality control crisis that industry experts say reveals systemic operational deficiencies.
Colombia imposes temporary taxes on oil, online betting and notaries
Colombia's government has introduced temporary taxes on oil exports, online betting and notarial services, effective until December 2025, to finance humanitarian aid in the conflict-ridden Catatumbo region.
Maduro courts Trump as oil and deportations shape US-Venezuela relations
Venezuela’s Nicolás Maduro has reached out to Donald Trump following their re-election, framing Trump’s presidency as an opportunity for a mutually beneficial relationship after years of hostility.
Brazil set to join OPEC+ but says it will opt out of cartel's output cuts
Brazil has approved joining OPEC+, marking the country's emergence as a major oil producer just months before it hosts the UN climate conference.
OPEC welcomes Brazil's decision to join oil producers' forum
OPEC welcomed Brazil's decision to join its Charter of Cooperation (CoC), a move that brings the world's seventh-largest oil producer into closer alignment with major energy-exporting nations just months before it hosts a crucial UN climate summit.
Venezuela strengthens energy and digital ties with India
Venezuela’s Nicolás Maduro has reaffirmed the country’s deepening economic and strategic partnership with India, emphasising energy investment as a central pillar of bilateral cooperation
Brazil’s Brava Energia to boost Atlanta output with 4 more wells
Brazil’s Brava Energia will connect four additional wells to its Atlanta field by mid-2025, marking a step forward in its supply agreement with commodity trader Trafigura.
Venezuela’s oil future hinges on Trump’s decision on Chevron
UK’s Amplus buys FPSO Petrojarl I after Brazil deployment
Floating production specialist Amplus Energy Services has acquired the Petrojarl I floating production storage and offloading (FPSO) vessel from Altera Infrastructure, marking its entry into vessel ownership.
Brazil’s Petrobras starts new Buzios production as field expansion continues
Brazil's national oil company (NOC) Petrobras has begun production at its Almirante Tamandare vessel in the Buzios field, adding capacity for 225,000 barrels of oil per day (bpd) as it pushes toward ambitious production targets.
Mexican authorities to continue legal action against Span's Iberdrola
Mexican authorities will continue legal action against Spanish energy organisation Iberdrola over an allegedly illegal energy sale, despite the dissolution of the regulatory body that imposed the original penalty
Pemex hits seven climate targets, says CA100+
Mexican state oil company Pemex has improved its climate disclosure and emissions targets, with seven of its net-zero indicators validated in 2024, up from one in 2023, Climate Action 100+ (CA100+) reported on February 17.
Brazil’s Petrobras to study reuse of decommissioned oil and gas platforms
Brazil’s national oil company (NOC) Petrobras has signed agreements with industry groups to study the potential reuse of decommissioned oil and gas platforms, as part of its 2025-2029 business strategy.
Chinese refiners boost Brazil, West Africa oil imports amid sanctions squeeze
Chinese refiners are increasing purchases of Brazilian and West African crude oil as they navigate US sanctions on Russia and Iran and respond to Beijing's new tariffs on US oil imports.
Brazil's Lula criticises high fuel prices, urges Petrobras to sell directly to consumers
Brazilian President Luiz Inacio Lula da Silva called on national oil company (NOC) Petrobras to bypass intermediaries and sell fuel directly to consumers, amid falling approval ratings and growing pressure over rising prices.
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