LatAmOil - Latin America Oil & Gas

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Oil & Gas

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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Mexico’s Pemex turns to old wells for output boost

14 May 2025

Mexican state energy company Pemex plans to reopen closed oil and gas wells to slow production decline and support government targets, according to internal documents and sources.

Brazil’s Petrobras inks gas supply deal with ceramics maker Portobello

14 May 2025

Brazil’s national oil company (NOC) Petrobras has secured a significant natural gas supply contract with Portobello, the country's largest ceramic manufacturer and largest natural gas consumer in Santa Catarina state

YPF to make FID on second FLNG vessel for Argentina

14 May 2025

A final investment decision on a planned second floating LNG vessel for Argentina's Río Negro province is expected next quarter, national oil company YPF announced during its Q1 results call.

Chevron licence extension could signal US shift in approach to Venezuela, warns former diplomat

14 May 2025

Washington’s General Licence 80, which had allowed a handful of US oil service companies to operate in Venezuela under strict conditions, officially expired on May 9

Colombia's sustainable aviation fuel (SAF) ambitions hinge on regulatory clarity

14 May 2025

Colombia's aspirations to become a regional leader in sustainable aviation fuel (SAF) production are gaining momentum, yet the absence of a comprehensive regulatory framework poses significant challenges.

China eyes Brazil oil as tensions rise

14 May 2025

Brazil is in talks with China to expand crude oil exports amid rising US-China tensions, according to Brazilian officials.

Venezuelan oil shipments to China rebranded as Brazilian to evade US sanctions

14 May 2025

In the past year, traders have rebranded over $1bn worth of Venezuelan oil shipments to China as Brazilian crude, a move designed to bypass US sanctions and reduce logistics costs, according to tanker tracking firms and traders, Reuters reported

Hess spends most of Q1 capital on Guyanese oil exploration

13 May 2025

Hess Corporation announced in a press release on its website that it has directed the majority of its capital and exploratory expenditures to Guyana in Q1 2025, underscoring the nation's growing significance in the company's global portfolio.

Pluspetrol and YPF bolster Argentina's gas processing capacity

13 May 2025

Governor Rolando Figueroa of Argentina’s Neuquén province visited the La Calera field on May 9, local media reported, where Pluspetrol and YPF have increased gas processing capacity by 20%.

Brazil’s Brava Energia backs off Bahia asset sale

13 May 2025

Brazil’s Brava Energia has halted the divestment process of its onshore and shallow water assets in Bahia state, after a reassessment of its operational performance and strategic priorities.

Brazil's Petrobras CEO under fire for 'drill, baby, drill!' comment about Amazon exploration

13 May 2025

The CEO at Petrobras, Magda Chambriard, has drawn criticism after a video emerged showing her using the phrase "Drill, baby, drill!" when discussing controversial oil exploration near the mouth of the Amazon River.

Norway wealth fund divests Pemex bonds over corruption concerns

12 May 2025

Norway's sovereign wealth fund has offloaded all fixed-income holdings in Mexico's state oil company Pemex, citing unacceptable corruption risks.

Citigroup faces $1bn fraud claim over Mexican energy firm

12 May 2025

A US appeals court ruled Citigroup must defend itself against allegations it orchestrated and concealed fraud at bankrupt Mexican oil services company Oceanografia.

Mexico's Pemex admits two oil pipeline leaks affecting 7km of Tabasco coast

12 May 2025

Mexican state oil company Pemex confirmed two leaks in a pipeline transporting oil from the Akal-C platform to the Dos Bocas Maritime Terminal in Tabasco.

BLOG: Don't be afraid of the great gas glut

12 May 2025

We are on the brink of a serious glut in global LNG supply – some will say. Global gas prices are indeed set to fall and the market loosen over the coming years, thanks mainly to the US and Qatar.

Brazil’s Petrobras reports new Santos Basin oil discovery, resumes onshore drilling in Bahia

12 May 2025

Petrobras has announced a new high-quality oil discovery in the Santos Basin's Aram block and the resumption of onshore drilling operations in Bahia state.

Brazil’s Petrobras extends Solstad vessel contract through 2030

11 May 2025

Brazil’s national oil company (NOC) Petrobras has secured the continued service of Norwegian shipping company Solstad Offshore's anchor handling tug supply (AHTS) vessel Normand Turquesa until 2030, subject to board approval.

Venezuela restarts key unit at Cardón refinery, but output still far below capacity

9 May 2025

Venezuela has resumed operations at the fluid catalytic cracking unit of the Cardón refinery, the country’s second-largest, after more than a year offline due to technical failures and a lack of critical inputs.

Staatsolie becomes growing contributor to Suriname's treasury in 2025

9 May 2025

Staatsolie delivered $384mn to Suriname's state treasury for the 2024 fiscal year, marking the third consecutive year its contribution has exceeded $300mn.

YPF post strong Q1 results amid rising Argentina activity

9 May 2025

YPF's first-quarter 2025 results revealed significant expansion in Vaca Muerta operations, with shale oil production averaging 147,000 barrels per day between January and March.

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