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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Peru to streamline environmental permits for hydrocarbon exploration
The Ministry of Energy and Mines (Minem) is set to reduce the lengthy environmental permitting process for oil and gas exploration in Peru, potentially cutting approval times by up to two years.
Colombia's gas and oil sectors face critical developments
The future of Colombia's gas supply has received a significant boost with the resumption of activities at the Sirius gas well, previously known as Uchuva-2.
Borders & Southern Petroleum secures Falkland Islands production licence extension
Borders & Southern Petroleum announced that it has secured a two-year extension for its production license in the Falkland Islands, pushing the expiry date to December 31, 2026.
Mexico Pacific set to transform energy landscape with major LNG investment
Mexico Pacific is gearing up for a significant investment decision in 2025 regarding its Saguaro Energía LNG project on the Pacific Coast.
Mexico increases fuel imports from the US as refinery operations decline
Mexico is increasing its imports of gasoline and diesel from the US Gulf Coast as the holiday season approaches, indicating a likely reduction in domestic refinery activity.
Bolivia transport chaos sparks threats to seize YPFB amid fuel crisis
The ongoing fuel crisis in Bolivia has sparked unrest among transport workers, who threaten to seize YPFB’s oil fields if the situation is not resolved swiftly.
Fitch affirms Argentine energy firm PCR's rating at 'B-' on Ecuador diversification
Fitch Ratings has affirmed Argentine energy company Petroquimica Comodoro Rivadavia's (PCR) credit rating at 'B-' with a stable outlook, citing its growing Ecuadorian operations as a partial hedge against Argentine risks.
YPF to sell Metrogas stake to focus on Vaca Muerta development
Argentina's national oil company YPF announced plans to divest its 70% stake in cooking gas distributor Metrogas, with proceeds to be redirected toward developing the Vaca Muerta shale formation.
YPF creates subsidiary Argentina LNG
Argentine national oil company YPF has established Argentina LNG, a new subsidiary aimed at developing a liquefied natural gas plant in Río Negro to capitalise on the vast reserves of the Vaca Muerta's shale formation.
SBM Offshore's role in Guyana's rapid oil expansion
SBM Offshore's Fast4Ward programme is driving ExxonMobil's rapid expansion in Guyana's offshore oil sector, with three production vessels currently operating in the region, chief executive officer Øivind Tangen stated in an interview.
Argentina seeks to become net energy exporter buoyed by Vaca Muerta
Argentina is edging toward becoming a net energy exporter as the Vaca Muerta shale formation attracts rising investor interest. It is the world's fourth-largest shale oil deposit and the second-largest shale gas resource.
Petrobras’ FPSO Marechal Duque de Caxias connects to first well
Brazil’s national oil company (NOC) Petrobras has completed connection of the first production well to the floating, production, storage and offloading (FPSO) vessel Marechal Duque de Caxias at the Mero field in the Santos Basin's pre-salt area
FPSO Almirante Tamandaré reaches Brazil for Búzios Field deployment
The FPSO Almirante Tamandaré has reached Brazilian waters after departing China's CMHI shipyard on July 31.
Maduro calls for prosecution of opposition leaders over Citgo case
Venezuelan President Nicolás Maduro has demanded the capture and prosecution of opposition leader María Corina Machado and other political rivals, accusing them of corruption tied to Venezuela’s US-based oil subsidiary, Citgo.
Petrobras drills well at Buzios Field nearly 2,000 metres deep
Brazil’s national oil company (NOC) Petrobras has commenced drilling a new special purpose well in the Buzios Field using the Carolina drillship at a water depth of 1,939 metres.
Petro’s stance against oil contracts sparks backlash among Colombian farmers and miners
Colombian President Gustavo Petro has doubled down on his pledge to halt new oil exploration and extraction contracts, denouncing fossil fuels as agents of environmental destruction.
MidOcean Energy expands stake in South America's first LNG export terminal
MidOcean Energy, an LNG company managed by U.S.-based EIG, has increased its investment in Peru LNG, South America’s first liquefied natural gas (LNG) export terminal located in Pampa Melchorita, 170 kilometres south of Lima.
Solstad secures new Brazilian offshore vessel contracts
Norwegian firm Solstad Offshore has won significant contracts worth $53mn for three vessels operating offshore Brazil.
Brazil overtakes Malaysia as China's top Venezuelan crude supplier
Brazil has emerged as China's primary supplier of Venezuelan heavy crude oil, marketed as bitumen blend, displacing Malaysia's decade-long dominance in September, according to China's General Administration of Customs (GAC) data.
Petroperú board could proceed with four members amid government delays
The ongoing inability of the Peruvian government to appoint a full board for Petroperú continues to raise concerns.
PDVSA faces fresh crisis amid former chief arrest and looming US election
Venezuela's state oil company PDVSA has come under renewed scrutiny following the arrest of its former president and Industries Minister Pedro Tellechea, highlighting persistent corruption concerns as uncertainty looms over the US' next steps.
Baker Hughes secures major Petrobras flexible pipe contract
Baker Hughes has won significant contracts from Brazil’s national oil company (NOC) Petrobras to supply flexible pipe syste.ms for several Brazilian offshore oil fields
Petrobras plans Tupi field production boost
Brazil’s national oil company (NOC) Petrobras aims to restore production at its Tupi oil field to 1mn barrels per day (bpd) by 2027, according to exploration and production director Sylvia dos Anjos.
Petrobras to invest $10.5mn in wind measurement technology
Brazil’s national oil company (NOC) Petrobras has committed $10.5mn to expand its offshore wind measurement capabilities through new BRAVO buoy deployments.
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