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 firms rank among top regional multilatinas, IDB study shows
Colombia placed three companies among Latin America’s 50 largest multilatinas by sales, led by Ecopetrol in sixth position, according to a report by the Inter-American Development Bank
Valaris locks Brazil’s Petrobras extension
Valaris said it secured a contract extension with Petrobras for the drillship VALARIS DS-4, alongside a separate agreement with Petronas and Halliburton covering offshore activity in Suriname.
Brazil unveils $6bn fuel subsidy package as Iran war hits prices, freezes Lula-Trump thaw
Brazil's government unveiled a sweeping package of measures on April 6 to shield consumers and businesses from surging fuel prices driven by the US-Israeli war with Iran, at an estimated fiscal cost of BRL31bn ($6bn).
Ventura extends Brazil rig deals
Ventura Offshore said it has secured contract extensions for two units operating offshore Brazil, adding more than $600mn to its backlog.
Fuel surge hits Brazil airlines
Petrobras has raised jet fuel prices by about 55% since April 1, Abra Group said, citing higher global oil costs linked to conflict involving Iran, the United States and Israel.
Colombia's Ecopetrol chief steps aside temporarily amid probes and political tensions
The board of Colombia’s state-controlled oil company Ecopetrol has asked its chief executive Ricardo Roa to step aside temporarily until after the presidential election cycle, following mounting legal scrutiny and internal dissent
Colombia's Isagén, US Atlas secure financing for $453mn solar project in Colombia
Isagén and Atlas Renewable Energy have reached financial close for the El Campano solar project in Córdoba, paving the way for construction of a 128.8 MWdc facility expected to begin operations in the third quarter of 2027
Cuba to boost power output with Russian fuel as floating plants add 124MW
Cuba said two floating power units will generate 124MW of electricity from mid-April following the arrival of Russian fuel shipments, as the island seeks to ease a deepening energy shortfall
US lawmakers urge end to Cuba energy curbs after Havana visit
Two US lawmakers called for an end to restrictions on fuel supplies to Cuba after a five-day visit to Havana, warning that tightening curbs are worsening the island’s economic crisis
Stena Carron seeks lifting equipment suppliers as Guyana drilling continues through 2026
Pemex's aging pipelines under scrutiny as Gulf of Mexico spill triggers cover-up allegations
A hydrocarbon spill stretching more than 630 kilometres along Mexico's Gulf coastline has become something more than an environmental emergency. It has become a test of whether Pemex and the government told the truth about when they knew.
Fracturing activity in Argentina's Vaca Muerta hits record high in March
Hydraulic fracturing activity in Argentina's Vaca Muerta shale formation reached a record high in March with 2,616 fracturing stages in the unconventional segment.
Shearwater and Searcher complete third season of 3D seismic acquisition in Brazil's Pelotas Basin
Norway's Shearwater GeoServices and Australia-based Searcher have completed the third phase of their multi-client 3D seismic acquisition campaign in Brazil's Pelotas Basin, bringing total regional coverage to more than 17,000 square kilometres.
Brazil's offshore supply vessel demand peaked in 2025, set to stabilise to 2030, says Rystad
Brazilian demand for platform supply vessels reached a peak of 140 vessel-years in 2025, but is expected to ease slightly this year and stabilise through 2030, according to a survey by energy consultancy Rystad Energy.
Brazil’s Vast Infraestrutura completes first ExxonMobil oil transshipment in Brazil
Vast Infraestrutura has completed the first oil transshipment operation for ExxonMobil in Brazil, moving 1mn barrels from the Bacalhau field through its T-Oil terminal at Porto do Açu in Rio de Janeiro state.
Brazil’s Ventura Offshore secures $611mn in Petrobras contract extensions for two deepwater rigs
Ventura Offshore has locked in contract extensions worth around $611mn in combined backlog with state-owned oil company Petrobras, covering a semi-submersible rig and a drillship it manages on behalf of Norwegian-backed Eldorado Drilling.
Brazil’s Constellation locks in $1.1bn in extra Petrobras backlog through rig extensions
Brazilian drilling contractor Constellation has secured $1.1bn in additional contract backlog through extensions on three rigs working for Petrobras, boosting the company's total backlog by 67% to approximately $2.8bn through 2030.
Brazil’s Brava Energia launches four-well drilling campaign
Brazilian oil producer Brava Energia is to start a four-well drilling campaign across two offshore fields, the company said on April 6, sending its shares up more than 5% after the announcement.
Brazil’s Belov Engenharia signs BRL2.7bn Petrobras deal for diving, ROV services
Belov Engenharia has signed eight contracts with Petrobras worth a combined BRL2.7bn ($526mn) for the provision of shallow diving and remotely operated vehicle (ROV) services using four diving support vessels.
Transocean adds $1bn to backlog with Petrobras extensions, Norway contract
Transocean has announced contracts and extensions worth approximately $1bn in combined backlog, led by two drilling rig extensions with state-owned oil company Petrobras in Brazil and a new contract in Norway.
Brazil’s Petrobras fires commercialisation director over rogue LPG auction as cabinet tightens grip on fuel policy
Petrobras has dismissed its executive director of logistics, commercialisation and markets, Claudio Schlosser, amid the fuel price crisis after an auction of LPG last week produced prices well above Petrobras’ own reference prices.
Brazil's Petrobras delivers LPG at high auction prices despite Lula move to annul sale, say sources
etrobras has delivered liquefied petroleum gas (LPG) auctioned off at steep premiums to distributors even after President Lula said the government would annul the tender to protect consumers from fuel price spikes.

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