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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Argentina's YPF begins drilling three new wells in $200mn push
Argentina opposes Israel's Navitas Petroleum's involvement in Falkland Islands
Argentina has reiterated its "strong rejection" of Israeli oil company Navitas Petroleum's operations in the Falkland Islands, declaring the activities illegal and unauthorised in what it considers Argentine territory.
Panama Canal plans $8bn gas pipeline to link Atlantic and Pacific by 2027
The Panama Canal Authority is advancing discussions on a multi-billion-dollar gas pipeline across the isthmus, a project it expects to begin constructing in 2027 as part of its broader 2025–2035 strategic plan.
Guyana's oil revenues surge in August as country targets sector growth
Guyana's oil revenues reached nearly $213mn in August, bringing the country's cumulative petroleum earnings to over $1.26bn for 2025, according to the latest Natural Resource Fund NRF report published by the Bank of Guyana.
Mexico launches $5.9bn euro bonds and dollar offerings to support Pemex restructuring
Mexico accessed international debt markets twice this week, issuing €5bn ($5.88bn) in euro-denominated bonds and launching dollar-denominated notes to fund state oil company Pemex's debt reduction programme, Bloomberg Línea and Reuters reported
Colombia's Ecopetrol launches gas marketing process for Floreña Field output through 2028
Colombia's state oil company Ecopetrol launched a marketing process for 12-26 GBTUD (Giga British Thermal Units Daily-Billion BTU per Day) from its Floreña field in Casanare province, targeting supply contracts through 2028.
Delaware court opens Venezuela’s Citgo sale battle as creditors vie for control
A high-stakes auction over shares in Citgo Petroleum’s US parent company, owned by Venezuela, began in a Delaware courtroom, setting the stage for a contentious showdown between creditors and potential buyers
Pemex trading chief Perez in Mexico resigns from PMI directorship
Margarita Perez stepped down as director of Pemex's international trading arm PMI this week, with finance ministry official Adan Garcia likely to replace her, Argus Media reported. A company source confirmed Perez's departure
Guyana and Suriname aim to launch oil and gas cooperation
Suriname's President Jennifer Geerlings-Simons and Guyana's recently re-elected President Irfaan Ali convened in Nieuw Nickerie, Suriname, to strengthen bilateral cooperation, with oil and gas sector collaboration taking centre stage in their talks.
Colombia's export sector faces challenges as oil production stagnates
Colombia's foreign trade balance confronts mounting pressure as oil production declines threaten export competitiveness, with fuel exports dropping 19.8% through July 2025 compared to the same period last year
BP’s Brazil oil strike lifts exploration hopes
BP’s discovery of a large offshore oilfield in Brazil has revived investor appetite for exploration, echoing an earlier era when majors raced to secure reserves.
Vallourec secures Brazil’s Petrobras supply deal
French pipe maker Vallourec has won a multi-year contract to supply Petrobras with oil country tubular goods (OCTG) for offshore wells between 2026 and 2029, following a competitive bidding process.
Brazil’s Petrobras takes stake in São Tomé offshore block
Brazil’s Petrobras said, in a press release, it has acquired a 27.5% stake in Block 4 offshore São Tomé and Príncipe, strengthening its exploration portfolio in Africa.
Colombia launches solar programme to replace power subsidies for 1mn households
Colombia's administration unveiled a transformative solar initiative through Decree 0972 of 2025, targeting over 1mn low-income households to replace traditional electricity subsidies with photovoltaic self-generation systems.
Colombia's Petro urges clean energy investment as nation faces oil market reality
Colombian President Gustavo Petro Urrego called for accelerated public and private investment in renewable energy, warning that continued reliance on oil and coal represents "economic suicide,"
Cuba's largest power plant to shut for six-month overhaul amid energy crisis
Cuba's critical Antonio Guiteras power facility will cease operations for half a year starting late 2025, intensifying the Caribbean nation's electricity shortage that has triggered five nationwide blackouts in under 12 months.
Delaware court upholds Amber Energy bid in Citgo sale dispute
A Delaware court rejected Canadian miner Gold Reserve’s attempt to block Amber Energy, an Elliott Investment Management subsidiary, from proceeding with its bid for the parent company of Venezuelan-owned refiner Citgo Petroleum
Venezuela reports 1.1mn barrels of oil a day in August, sources cite lower
Government figures put output at 1.1mn bpd, though secondary sources cited a lower 936,000, with the discrepancy tied to whether imported diluents are counted
Colombia's Ecopetrol launches gas marketing drive as nation battles supply crisis
Colombia's state oil company Ecopetrol has initiated a fresh gas marketing campaign targeting 12-26 Giga British Thermal Units daily from its Floreña field in Casanare province for 2026-2028.
Mexico admits Pemex debt pressures public finances
Mexican President Claudia Sheinbaum acknowledged that state oil company Pemex continues straining public finances due to what she termed "corrupt debt" inherited from previous administrations, Prensa Latina reported.
Argentina LNG venture advances as Mexico project triples capacity goals
Latin America's liquefied natural gas ambitions are gaining substantial momentum as Argentina's flagship export venture secures growing international backing whilst Mexico's Gato Negro terminal dramatically expands its proposed capacity.
Citgo auction hinges on US court ruling over PDVSA 2020 bond
The long-running auction of Citgo Petroleum, the US-based refining arm of Venezuela’s PDVSA, has entered a decisive stage with a sharp split emerging among creditors
Maduro accuses US of using military deployment to seize Venezuela’s resources
According to Maduro, the United States is eyeing control of oil and gas reserves located in the Caribbean basin, alongside gold deposits, fertile farmland and water resources
Oil firms confront higher taxes in Colombia
Colombia's embattled petroleum sector faces fresh levies as President Gustavo Petro's government seeks $6.54bn through aggressive tax reform to address a mounting fiscal crisis.
Chevron to boost oil production in Argentina's Vaca Muerta
Chevron plans to boost its oil production in Argentina's Vaca Muerta shale formation to approximately 30,000 barrels per day by year-end, up from current levels of around 25,000 bpd.

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