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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Growth in biomethane output could help Brazil cut diesel imports by 2034
Brazil could reduce its diesel imports over the next decade as biomethane production expands, with output potentially reaching 3.3bn cubic metres (cbm) by 2034, according to state energy research firm EPE.
Brazil pushes regulator to boost gas market competition
Brazil's mines and energy ministry is pressing the ANP hydrocarbons regulator to speed up competition in the natural gas market, where the national oil company (NOC) Petrobras maintains dominance despite a 2021 liberalisation law
SLB awarded $800mn Petrobras offshore drilling contract
Energy technology firm Schlumberger (SLB) has won a contract to provide integrated services across all of Brazil’s national oil company (NOC) Petrobras' offshore fields in Brazil, including the construction of more than 100 deepwater wells.
ExxonMobil confirms two Guyanese developments
In Guyana, ExxonMobil has confirmed plans for two additional developments, Hammerhead and Longtail, bringing its total developments in the region to eight by 2030.
LatAmOil: Biden administration has not ruled out revoking Chevron’s licence to operate in Venezuela
Biden administration has not ruled out revoking Chevron’s license to operate in Venezuela
Chevron still may be facing complications in Venezuela, where it is one of the largest foreign drillers and where the presidential election remains contested amidst US sanctions.
Guyana emerges as third-largest per capita oil producer in the world
Guyana has emerged as the world's third-largest per capita oil producer, marking a remarkable transformation just five years after ExxonMobil initiated crude production in December 2019.
Guyanese exports surge by 77% due to oil and gas sector
Guyana's export value surged by an unprecedented 77% in 2024, driven by its booming oil and gas sector, according to the latest trade report from the Economic Commission for Latin America and the Caribbean.
Touchstone Exploration confirms budget for onshore Trinidad operations
Touchstone Exploration Inc. unveiled its preliminary 2025 capital budget, allocating $23mn primarily toward expanding its Cascadura field operations in Trinidad.
Argentina set to pass Colombia as third-largest crude producer in South America
Argentina is poised to surpass Colombia as South America's third-largest crude producer, driven by an unprecedented surge in shale drilling activity in the Vaca Muerta formation.
Petrobras, Ecopetrol confirm largest-ever gas find in Colombia
Petrobras, through its Colombian branch PIB-COL, and Ecopetrol have confirmed the largest natural gas discovery ever in Colombia, located at the Sirius-2 well.
Pluspetrol ventures into renewables with Uruguayan wind farm acquisition
Pluspetrol has entered Uruguay’s renewable energy market with the acquisition of the Cerro Grande and Peralta I & II wind farms. The assets, previously held by the DIF Infrastructure V and VI funds.
Petrobras signs 43 deals to lower gas prices for distributors
Petrobras will conclude 2024 having agreed to 43 contractual amendments with 13 local natural gas distributors, granting discounts on gas prices.
Petrobras, Ecopetrol unveil massive gas find in Colombia
Petrobras, through its Colombian branch PIB-COL, and Ecopetrol have confirmed the largest natural gas discovery in Colombia, located at the Sirius-2 well.
Chevron and Shell in negotiations to join Argentine infrastructure project
Chevron Corp and Shell Plc are in negotiations to join a major infrastructure project aimed at boosting crude exports from Argentina's Vaca Muerta shale formation, marking a potential breakthrough in foreign investment for the region.
Brazil’s PPSA plans 78mn barrel auction
Brazil's state-run Pre-Sal Petroleo (PPSA) will auction an estimated 78mn barrels of oil on June 25, 2025, according to Samir Awad, the firm's head of finance.
Guyana reports strong interest in upcoming oil block auction
Guyana is gauging significant interest in its upcoming oil block auction, particularly for Block C, a 2.3mn acre deepwater concession near the Surinamese border.
Argentine energy sector to generate $25bn annual surplus by 2030, recent report finds
Argentina's hydrocarbon sector is poised for substantial growth, with the Chamber of Exploration and Production of Hydrocarbons forecasting an annual energy balance surplus of $25bn by 2030, according to a recent sector analysis.
YPF shares surge amid hopeful economic outlook
YPF shares have surged 132% in 2024, climbing from $25.37 to $38.39 since November 1, driven by the government's macroeconomic policies and the company's strategic 4x4 program, according to CEO Horacio Marín.
Venezuela plans to up production of natural gas liquids to boost energy exports
The Venezuelan government is exploring plans to ramp up production of natural gas liquids following a technical review of a key Petróleos de Venezuela (PDVSA) facility in the country's northeast.
Chevron CEO warns of Russia-China takeover risk in Venezuela if forced to quit
Chevron Corp. has not discussed its Venezuela operations with President-elect Donald Trump's team, chief executive officer Michael Wirth said on December 6, highlighting uncertainty over the oil giant's future in the sanctions-hit country.
Petroperú's risky bid for oil lots sparks controversy amid crisis
Petroperú, struggling with significant financial difficulties, has expressed interest in directly acquiring oil lots I and VI in Talara.
Brazil’s cabinet appoints Petrobras’ chairman to senior role at crude, gas regulator
Brazil's Energy Ministry has appointed the national oil company Petrobras’ chairman Pietro Mendes to a senior position at oil and gas regulator ANP, potentially triggering board changes.
Brava Energia awards Brazil offshore contracts to Baker Hughes, OneSubsea, and Constellation
Brava Energia, formerly 3R Petroleum, has awarded contracts to Baker Hughes, SLB's OneSubsea, and Constellation Oil Services for an integrated development campaign across offshore oil fields in Brazil,

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