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 oil rig activity falls to lowest since 2022 amid field blockades
Colombia's active drilling fleet fell to its lowest level since November 2022 in May as prolonged blockades in key producing regions disrupted operations and weighed on crude output, industry association Campetrol reported
Colombia Pacific LNG import terminal targets November launch
Colombia's first liquefied natural gas import terminal on the Pacific coast is expected to begin operations in November, marking a key step in strengthening gas supply security in the country's southwest
Norway's ECOnnect to deliver jettyless LNG system for Colombia's second import terminal
Norwegian technology company ECOnnect Energy has been contracted to supply its IQuay F-Class jettyless transfer system for a new liquefied natural gas import terminal at Cartagena Bay — Colombia's second LNG gateway on the Caribbean coast
Cuba delivery portal Envioscuba shuts to new orders as US sanctions squeeze diaspora lifeline
PDVSA-crypto trial advances as questions over missing funds remain unanswered
Prosecutor Eddy Rodríguez urged the court to dismiss a series of motions filed by defence lawyers, including requests for dismissals, acquittals, reviews of pretrial detention measures and the admission of supplementary evidence
Vaca Muerta feedstock surge sparks new investment cycle for Argentina petrochemicals
Argentina’s petrochemical industry is entering a new phase of investment driven by growing feedstock availability from the Vaca Muerta shale formation and a renewed focus on processing hydrocarbons domestically rather than exporting raw materials.
Mexican crude oil prices drop 5% as a result of US-Iran peace deal
Mexico’s crude oil benchmark declined sharply on June 15 following the preliminary peace agreement between the United States and Iran, dropping prices to the lowest levels in weeks.
Argentina's TGS approves final investment decision for $3bn Vaca Muerta liquids project
Transportadora de Gas del Sur (TGS) has approved the final investment decision for its Natural Gas Liquids (NGLs) project in Argentina’s Vaca Muerta formation, committing $3bn to what the company described as the largest investment of its kind.
Brazil's stock index falls as oil price slump hits Petrobras despite US-Iran peace agreement
Brazil's main stock index fell on June 15 even as global markets rallied after the US-Iran peace agreement, with oil sector losses dragging the Ibovespa down 0.42% as crude prices tumbled on expectations of renewed supply from the Strait of Hormuz.
Brazil’s Petrobras to complete Equatorial Margin well drilling by August
Brazil’s state-owned oil company Petrobras expects to finish drilling the Morpho well in Brazil's Equatorial Margin by August 7, as it pushes ahead with an ambitious exploration programme in one of the country's last major frontier regions.
Brazil delays LPG market overhaul as Middle East crisis strains regulator
Brazil's energy regulator has indefinitely suspended a review of the regulatory framework governing cooking gas sales, redirecting its resources towards fuel supply security as the Middle East conflict continues to disrupt markets.
Colombia's Ecopetrol ends six-month labour dispute with USO union, sealing six-year collective deal
Colombia's state oil company Ecopetrol reached a final collective bargaining agreement with the Unión Sindical Obrera (USO) on June 13, ending a process that ran through more than 990 negotiating sessions and included a 24-hour strike
ExxonMobil lines up 35-well Stabroek drilling push as Guyana oil search stretches to 2033
World Bank cuts Latin America growth outlook as Middle East oil shock takes toll
The World Bank has trimmed its growth forecasts for Latin America and the Caribbean for both 2026 and 2027, blaming the inflationary and monetary fallout from the Middle East conflict.
ExxonMobil explains why its Guyana profit exceeded government oil earnings despite 50-50 split
ExxonMobil accelerates Guyana construction and installation
ExxonMobil is accelerating offshore construction and installation activities across the Stabroek Block, with maritime notices issued by Guyana's Maritime Administration Department on June 6 signalling continued deepwater development.
Brazil’s Petrobras secures PSCs for eight exploration blocks offshore Côte d'Ivoire
Brazilian oil major Petrobras is expanding its presence in West Africa after moving ahead with production sharing contracts for eight offshore exploration blocks in Ivory Coast.
Petroecuador contains fuel leak in Ecuador from suspected illegal tapping at key pipeline
Petroecuador has brought under control a fuel leak detected on June 14 in the La Unión parish of Quinindé, caused by what the state oil company described as an attempted illegal tap on the Esmeraldas-Santo Domingo pipeline at the PK105 marker.
S&P upgrades TGS debt rating to B after Argentina risk revision
Transportadora de Gas del Sur (TGS) received an upgrade to its long-term local and foreign currency debt ratings from B- to B by S&P Global Ratings on June 11.
Pemex and Petrobras to finalise Gulf of Mexico exploration agreement in June
Magda Chambriard, president of Petrobras, announced June 12 that Juan Carlos Carpio Fragoso, CEO of Petróleos Mexicanos (Pemex), will travel to Brazil this month to finalise an agreement on joint offshore exploration.
Colombia gas imports hit record 32% of demand as output slides to multi-year low
Colombia imported a record share of its natural gas in the first week of June, covering 32% of national demand — equivalent to 299.1 Gbtud — as a structural decline in domestic production and the approaching El Niño weather pattern
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