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's Ecopetrol launches first marine fuel export to US, bolsters diversification strategy
Ecopetrol dispatched 185,000 barrels of new marine fuel derived from residual oil—produced at its Barrancabermeja and Cartagena refineries—for unloading in Cape Canaveral, USA.
Mexico’s ASA to lead sustainable aviation fuel expansion
Mexican State-owned Airports and Auxiliary Services (ASA) will play a pivotal role in developing Mexico’s emerging sustainable aviation fuel (SAF) market, prioritising fuel availability, Argus Media reported.
Hokchi Energy seeks to sidestep Pemex over delayed oil payments
Hokchi Energy, which operates a major shallow-water oilfield in the Gulf of Mexico, has made multiple efforts to bypass Pemex and sell its crude directly to PMI Comercio Internacional, the state firm’s commercial arm, after facing lengthy delays
Suriname opposition leader looks to form new government following electoral victory
Suriname opposition leader Jennifer Geerlings-Simons is set to become the oil-rich nation's next president, thereby dictating the country's oil and gas future.
Brazil’s Petrobras probes offshore wind feasibility
Brazil’s state-controlled oil company Petrobras has launched two tenders for offshore surveys to evaluate the feasibility of a wind energy pilot project off the coast of Rio de Janeiro.
ABB powers Brazil’s Petrobras FPSO push
ABB has signed a contract with Seatrium to supply electrical and automation systems for Petrobras’ new FPSOs, P-84 and P-85, which will operate in the Atapu and Sépia oil fields off the coast of Rio de Janeiro.
Citgo share auction timeline extended as Delaware court eyes August resolution
A US judge has pushed back the schedule for the long-running auction of shares in Citgo Petroleum’s parent company, giving Venezuela more time to vet potential buyers and secure competitive offers
Venezuela’s oil exports hold steady as China offsets US sanctions hit
Venezuelan oil shipments were largely flat in May, as increased flows to China helped offset the drop caused by the expiry of US authorisations that had previously allowed limited exports
Venezuela quietly taps foreign oil investors amid sanctions
Venezuela is increasingly turning to opaque production-sharing agreements to attract foreign oil investment as US sanctions complicate traditional partnerships.
MODEC signs MoU to advance carbon capture for FPSOs offshore Guyana
MODEC Inc. and Carbon Clean Solutions Ltd. have signed a memorandum of understanding to accelerate the development of onboard carbon capture systems for offshore production vessels.
Canada's Crown Point Energy acquires Argentine hydrocarbon concessions
Canadian energy company Crown Point Energy has announced a significant expansion into Argentina's oil sector, entering agreements to acquire hydrocarbon concessions from TecPetrol, Pampa Energía, and Argentine national oil company YPF.
PetroChina gearing up to enter Argentine oil industry
China's largest oil company, PetroChina, is preparing to establish operations in Argentina by the end of 2025, targeting the lucrative Vaca Muerta shale formation amid growing scrutiny over the Milei administration's trade policies.
PetroChina gearing up to enter Argentine oil industry
China's largest oil company, PetroChina, is preparing to establish operations in Argentina by the end of 2025, targeting the lucrative Vaca Muerta shale formation amid growing scrutiny over the Milei administration's trade policies.
Brazil's wildfires fuel jump in deforestation; Lula fast-tracks controversial development projects
Brazil suffered major environmental setbacks in May as Amazon deforestation surged 92% due to wildfires, while the government is under pressure after it fast-tracked controversial oil and highway projects months before hosting the UN's first climate.
Venezuela quietly taps foreign oil investors amid sanctions and secrecy
A leaked list detailing firms that signed so-called “productive participation contracts” (CPPs) with state-owned PDVSA reveals a diverse mix of Chinese, Russian, Turkish, and Western-affiliated companies now operating in the shadows
Gasoline price hike in Venezuela signals Maduro’s push to shrink deficit after Chevron pullout
State-run PDVSA is expected to raise the cost of gasoline from $0.50 to $0.75 per liter, Bloomberg Línea reported this week, citing plans tied to the energy company’s need for alternative revenue sources.
Brazil approves early works for Equinor gas pipeline
Brazil’s Energy Research Company (EPE) has completed the technical review of Equinor’s request to begin early works on a gas pipeline linked to the Raia Project.
Switzerland-based ABB powers up Brazil’s Petrobras FPSOs
Switzerland-based ABB has secured a contract from Singapore’s Seatrium to supply electrical and automation systems for Petrobras’ new floating production storage and offloading (FPSO) units P-84 and P-85.
Colombia seeks European capital for energy transition programme
Colombia's Energy Minister Edwin Palma will engage with over 170 European Union companies during meetings in Brussels next week to secure investment for the nation's renewable energy portfolio.
Brazil’s GNLink expands LNG reach with new Bahia unit
GNLink has secured approval from Brazil’s National Agency of Petroleum, Natural Gas, and Biofuels (ANP) to begin operations at its first natural gas liquefaction plant in the Northeast.
Brazil’s Petrobras kicks off offshore wind survey work
Petrobras has launched two tenders for geophysical and geotechnical studies to evaluate the feasibility of an offshore wind project off the coast of Rio de Janeiro, the company announced.
Petrobras rejects Sete Brasil’s $5.6bn claim over offshore rigs
Brazil’s Petrobras said it considers the claims brought against it by Sete Brasil to be without merit and intends to take all necessary legal steps to defend its interests, according to a statement.
Argentina's YPF acquires full control of key pipeline following purchase from Tecpetrol
Argentine national oil company YPF has acquired full control of the Loma Campana-Lago Pellegrini pipeline after purchasing Tecpetrol's remaining 15% stake for $15mn.
Brazil’s Petroreconcavo acquires 50% stake in Brava midstream gas assets
Brazil’s Petroreconcavo has signed a purchase and sale agreement with 3R Potiguar, a subsidiary of Brava Energia, to acquire a 50% stake in natural gas midstream infrastructure in Brazil’s Rio Grande do Norte state.
Mexico's petroleum revenues plunge 12.3% in early 2025 amid production challenges
Mexican oil revenues contracted 12.3% during early 2025, marking the steepest decline since the COVID-19 pandemic in 2020, according to Finance Ministry data.

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