Region: Latin America Category: Oil & Gas Frequency: Every Tuesday
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US supreme court to hear ExxonMobil Cuba asset seizure case
The US Supreme Court agreed on October 3 to hear ExxonMobil's lawsuit seeking compensation from Cuban state-owned entities for petroleum assets nationalised in 1960, valued at over $700mn currently
Paraguay pushes plan to build bi-oceanic gas pipeline across South America
Paraguay has revived its ambition to turn the Chaco into a continental energy hub, unveiling detailed plans for a bi-oceanic gas pipeline that would connect Argentina’s Vaca Muerta shale reserves with Brazil’s industrial heartland.
Colombia's Ecopetrol to import LNG from the Caribbean
Colombia's national oil company Ecopetrol has announced plans to develop a regasification project at its Coveñas maritime terminal in Sucre, aiming to address the country's growing natural gas shortage through liquefied natural gas imports.
Ecuador fuel subsidy protests intensify, leaders threaten to take control of capital city
Ecuador entered its third week of protests against President Daniel Noboa as tensions escalated over rising diesel prices, with indigenous leaders threatening to take control of the capital while the government responded with emergency measures.
Argentine drilling and fracking set to decline, stunt oil growth
Drilling and fracking activity in Argentina's Vaca Muerta shale formation is declining as falling oil prices and rising operating costs squeeze profitability, jeopardising the sector's growth prospects.
Norway’s DOF purchases work-class ROV from Forum for Brazil subsea operations
Norwegian vessel operator DOF Group has ordered a work-class remotely operated vehicle (ROV) and accompanying tether management system from UK-based Forum Energy Technologies for deployment in Brazilian waters.
Brazil’s Petrobras awards $3.2bn in refinery and vessel contracts
Petrobras finalised BRL19.8bn ($3.2bn) in contracts covering refinery modernisation and offshore support vessels.
Argentina secures support from a dozen countries and organisations in YPF lawsuit
Argentina's Treasury Attorney's Office has secured support from a dozen countries and international organisations in its appeal against a US court ruling that could force the country to surrender its 51% stake in state oil company YPF.
Brazil's Petrobras completes first gas import from Argentina's Vaca Muerta
Petrobras completed on October 3 its first unconventional natural gas import from Argentina's Vaca Muerta formation.
Suriname's president announces national local content programme for oil and gas sector
Newly elected Surinamese President Jennifer Geerlings-Simons has announced plans to launch a National Local Content Programme in 2026, aimed at ensuring Surinamese citizens benefit directly from the country's emerging oil and gas sector.
Colombia's Ecopetrol secures environmental clearance for Coveñas gas terminal
Cenit, the pipeline subsidiary of state-controlled Ecopetrol S.A. received environmental authorisation from the Autoridad Nacional de Licencias Ambientales for a regasification facility at its Coveñas maritime terminal.
Colombia's Ecopetrol sets October deadline for Coveñas gas terminal bidding
State-controlled Ecopetrol SA will commence accepting binding proposals on October 14 for its northern Caribbean regasification facility, with contract award anticipated before year-end.
AKOFS offshore secures $246mn Brazil’s Petrobras deal
AKOFS Offshore, the Oslo-based subsea services provider, has secured a four-year contract to continue work for Brazilian oil company Petrobras, the firm said.
US court upholds ruling against PDVSA in expropriation dispute
The US Court of Appeals for the DC Circuit ruled that PDVSA functions as an “alter ego” of the Venezuelan state, meaning that the country effectively took Helmerich’s assets in breach of international law
Colombia's Ecopetrol advances second LNG terminal as nation faces gas crisis
State-controlled Ecopetrol SA is finalising plans to convert portions of its Caribbean coast port into a liquefied natural gas import facility as Colombia confronts a widening fuel deficit.
New Fortress Energy appears to abandon $700mn Nicaragua gas plant
After three years of postponing the start of operations at the plant it built in Puerto Sandino, it appears US-based New Fortress Energy has shelved its project to generate energy with natural gas in Nicaragua, La Prensa reported.
Pemex to pay Slim's Carso $2.65bn for Lakach field services
Mexican state oil company Pemex will pay over $2.6bn under a services contract to Grupo Carso, owned by Mexican businessman Carlos Slim Helú, for the Lakach gas field in the Gulf of Mexico, Bloomberg Línea reported.
From Paris to Sopó, Colombia's Ecopetrol hit by fresh probe demand
Colombia's Attorney General's Office evaluates assigning a whistleblower complaint alleging procurement irregularities in a technology surveillance contract at state oil company Ecopetrol to prosecutors already investigating apartment purchases.
Venezuelan oil firm loses immunity bid in US drilling rig dispute
Petróleos de Venezuela must defend itself against expropriation allegations after a federal appeals panel rejected its sovereign immunity defence on October 3, Law360 reported.
Repsol deepens US ties to revive frozen operations in Venezuela
Repsol is stepping up efforts to restore its operations in Venezuela, aligning more closely with Washington’s political signals as it seeks to regain access to the country’s oil sector
Brazil’s Petrobras to open FPSO bids for Sergipe project this month
Petrobras will open bids for two FPSOs under the Sergipe Deep Waters Project (Seap) on October 15, following a two-week extension requested by bidders.
DOF orders new ROV from UK’s FET for Brazil subsea work
Norwegian offshore services firm DOF Group has ordered a work-class remotely operated vehicle (ROV) and tether management system from UK-based Forum Energy Technologies (FET) to support subsea projects in Brazil.
Brazil’s Brava Energia to suspend Papa-Terra output for maintenance
Brava Energia will temporarily suspend production at its Papa-Terra field in Brazil’s Campos Basin for up to 12 days in November 2025 to perform scheduled maintenance.
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