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 presses Glencore to prepare Cerrejón for post-coal transition
Colombia’s government is increasing pressure on Glencore to begin preparing a long-term transition plan for the Cerrejón coal mine in La Guajira, as President Gustavo Petro’s administration seeks to avoid economic disruption
Colombia's Petro backs Michelle Bachelet's bid to become first woman to lead the United Nations
Repsol Sinopec Brasil, Radix and PUCRS to build digital twin of carbon capture unit
Repsol Sinopec Brasil, engineering consultancy Radix and the Pontifical Catholic University of Rio Grande do Sul have launched a joint project to develop a digital twin of a direct air carbon capture unit.
Brazil’s Petrobras to develop Aram pre-salt discovery in Santos Basin, targets two wells by 2030
Petrobras has decided to move forward with the development of the Aram discovery in the pre-salt layer of the Santos Basin, with at least two producing wells expected to be online by 2030.
QatarEnergy acquires stakes in three Uruguayan offshore exploration blocks
QatarEnergy has acquired participating interests in three offshore exploration blocks in Uruguay from BG International Limited, a subsidiary of Shell, marking the Qatari state energy company's first entry into the country's upstream sector.
Mexico's Pemex refining hits 11-year high in first quarter, but S&P downgrades the company
Mexico's Pemex's crude processing averaged 1.141mn barrels per day in the first quarter of 2026, up 21.9% year on year.
Venezuela unveils draft oil rules to guide foreign investment push, economy expands
Venezuela has begun circulating draft regulations linked to its newly approved hydrocarbons law.
Argentina’s YPF applies for $25bn oil project under RIGI programme
YPF has submitted a $25bn application under Argentina's RIGI programme for its LLL Oil development.
Nicaragua and PetroVietnam hold energy investment talks
Nicaragua's embassy in Hanoi met with the chairman of Vietnam's state-owned PetroVietnam on May 18 to explore investment opportunities in the Central American country's energy sector.
Petrobras boosts Brazil payments
Petrobras transferred BRL72.4bn ($12.4bn) to the Brazilian state in the first quarter of 2026, up 10.2% from the same period a year earlier.
Brazil’s Lula unveils Petrobras push in São Paulo state
Brazil’s state-run oil company Petrobras announced BRL37bn ($7.33bn) in investments in São Paulo state through 2030, with the projects expected to create about 38,000 direct and indirect jobs.
YPF applies for $25bn oil project under Argentina's RIGI programme
YPF has submitted a $25bn application under Argentina's Large Investment Incentive Regime for its LLL Oil development, positioning the project as both the country's largest proposed oil export initiative.
Río Negro approves Tango Energy entry to expand Vaca Muerta shale development
Argentina's Río Negro has approved the transfer of several oil and gas concession areas from Vista Energy to Tango Energy, while also converting three blocks to unconventional exploitation areas as part of efforts to expand development in Vaca M.
Argentina, Chile discuss energy integration pact linking Vaca Muerta gas to Asia
Argentina and Chile are negotiating a bilateral energy integration agreement that could allow natural gas from Vaca Muerta to reach Asian markets through Chilean Pacific ports.
Suppliers allege payment irregularities in Vaca Muerta export infrastructure project
A group of suppliers has accused Mexican contractor MEGSA Intercon Especializada S.A.U. of unpaid debts and financial irregularities linked to works for the Vaca Muerta Oil Sur (VMOS) pipeline project in Río Negro.
YPF shares surge in New York as JPMorgan raises upside outlook
Shares of YPF jumped on NYSE on May 18, closing up 8.75% at $47.48, as investors reacted to increased holdings by major U.S. funds and renewed optimism over the company’s expansion plans in Vaca Muerta.
Druckenmiller boosts bet on Argentina with larger stake in YPF
Billionaire investor Stanley Druckenmiller increased his exposure to YPF during the first quarter of 2026, making the Argentine oil producer one of the largest holdings in his investment fund.
Venezuela demands compensation from Trinidad over offshore oil spill
Gil described the spill as “extremely serious” and said Trinidadian authorities had not adequately disclosed the origin, volume or type of hydrocarbons involved
Spain summons former premier Zapatero in probe linked to Venezuela’s PDVSA
Prosecutors suspect part of the funds under scrutiny may be connected to transactions involving state oil company PDVSA
Datanálisis sees Venezuelan economy expanding despite early-year slowdown
The research firm cautioned that the broader impact of oil revenue flows would take time to materialise because of collection cycles within the energy industry and delays linked to treasury accounts where funds are deposited
Investor confidence drove Staatsolie's funding for Suriname's landmark oil project
Staatsolie, Suriname's national oil company, secured over $2bn in financing during 2025, positioning the South American nation's first offshore development for a production debut that TotalEnergies suggests could exceed initial projections.
ExxonMobil pursues world's deepest oil-producing well in Guyana
ExxonMobil is pursuing what could become the world's deepest oil-producing well in Guyana's Stabroek Block, targeting ultra-deepwater reservoirs approaching 3,000 metres.
Brazil tops Shell's government payments in 2025 as oil output surges past Nigeria
Brazil overtook Nigeria as the largest recipient of Shell's government payments in 2025, receiving $4.25bn as the UK energy major's upstream activities in the South American country continued to expand.
Bolivia fuel shortages deepen as YPFB halts deliveries during protests
Bolivia’s fuel supply crisis intensified after state energy company YPFB suspended shipments to several regions due to ongoing road blockades and disruptions surrounding its Senkata storage plant near La Paz.
Suriname bets big on offshore oil as risks mount
Suriname is staking its future on a $10.5bn offshore oil boom — but history warns that black gold rarely delivers on its promise. Can the world's greenest country beat the resource curse?

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