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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Brazil seeks to negotiate Trump's threatened tariffs but oil exports could be unscathed, say analysts
Argentina receives temporary relief in YPF case as Trump offers support
Argentina has secured a brief reprieve from a US court ruling that would force the government to surrender its controlling stake in national oil company YPF.
Venezuela criticises energy sanctions at OPEC seminar in Vienna
Venezuela's Vice President Delcy Rodriguez has used a major oil industry gathering to condemn international sanctions on energy producers again, warning they threaten global supply security and undermine investment in the sector.
Brazil suspends Petrobras pre-salt licence, freezes Petrobras Amazon blocks over green concerns
Brazil has halted analysis of Petrobras' preliminary licence application for pre-salt exploration in the Santos Basin and also has suspended blocks in six Petrobras blocks in the Foz do Amazonas Basin.
Oil, gas revenue for Venezuela’s PDVSA hit $17.6bn in 2024 despite US sanctions
State-owned Petróleos de Venezuela (PDVSA) generated $17.52bn in hydrocarbon sales in 2024.
Brazil's environmental agency suspends Petrobras pre-salt licence over climate concerns
Brazil's environmental watchdog Ibama has halted analysis of Petrobras' preliminary licence application for pre-salt exploration in the Santos Basin, affecting a BRL196.4bn ($35.4bn) project due to inadequate climate change plans.
Floatel Victory secures Brazil deal
Floatel International has signed a letter of intent for the Floatel Victory to provide Maintenance and Safety Unit (MSU) support offshore Brazil from early 2026.
Brazil’s Petrobras FPSO heads for Búzios field
Petrobras has confirmed that FPSO P-78 departed Seatrium’s Benoi yard in Singapore on July 13 and is en route to the Búzios field in Brazil’s pre-salt Santos Basin.
MODEC announces progress on Guyanese FPSO for upcoming project
MODEC has announced the successful arrival of the Errea Wittu floating production, storage and offloading vessel in Singapore on June 28, following completion of construction and commissioning works in China.
Ecuadorian state-owned pipeline to undergo maintenance after 50 years
Ecuador's government announced on July 14 a comprehensive maintenance and protection plan for the Trans-Ecuadorean Pipeline System, which has been paralysed since July 1 due to heavy rains in the Amazon region affecting critical infrastructure.
Expro awarded services contract for Mexico's $7.2bn Trion deepwater milestone
Global well services provider Expro secured a three-year contract with Woodside Energy to deliver advanced tubular running and cementing services for Mexico's inaugural ultra-deepwater project
Expro establishes Mexico hub for historic Trion deepwater production services
Global energy services specialist Expro will create a new operational hub after securing a three-year tubular running and cementing contract with Woodside Energy for Mexico's inaugural deepwater oil production facility, Offshore Energy reported.
Canada's Arrow Exploration boosts Colombia output
Arrow Exploration has successfully commissioned two horizontal wells at its Tapir Block operations in Colombia's Llanos Basin, lifting production to between 4,600 and 4,800 barrels of oil equivalent per day net.
PDVSA’s hydrocarbon revenue hits $17.5bn in 2024 despite US sanctions
This came during a period when US licences permitting foreign partners such as Chevron to operate in Venezuela were in effect for most of the year, until their cancellation at the end of May
US-Venezuela negotiations mired by internal divisions and uncertainty
Their differing views extended to Chevron’s oil licence renewal: Grenell suggested it might continue, but Rubio later confirmed its revocation effective May 27, after which both sides appeared to adopt a wait-and-see attitude
Challenger Energy advances Uruguay exploration with seismic plans and upcoming farm-out
The company expects to begin 3D seismic acquisition on AREA OFF-1 in the fourth quarter of 2025, pending the finalisation of environmental permits
Venezuelan union leader says over 100 PDVSA workers detained by Maduro’s regime
Speaking from exile, Iván Freites claimed the arrests occurred at major refining sites, including the Paraguaná complex in Falcón state and more recently at the El Palito refinery in Carabobo state
Venezuelan oil output hits 2025 high in June despite Chevron sanctions
Venezuela's oil production edged higher in the second quarter, defying the expiration of a key US licence that allowed Chevron to operate in the sanctioned country
Brazil’s Petrobras backs offshore TCP trial
Strohm has carried out its first offshore trials of thermoplastic composite pipes (TCP) with Petrobras at depths of around 1,500 metres, the Dutch firm said.
LNG Alliance picks Chart Industries as contractor for Amigo LNG project in Mexico
LNG Alliance has named the contractor for its Amigo LNG project in Mexico, selecting Chart Industries to build the 7.8mn tonnes per year facility.
Guyana sees growing employment due to oil operations
ExxonMobil Guyana President Alistair Routledge has highlighted the growing participation of Guyanese workers in the country's offshore oil operations, describing the trend as crucial for the industry's long-term sustainability.
Argentina receives temporary relief in YPF case
Argentina has secured a brief reprieve from a US court ruling that would force the government to surrender its controlling stake in national oil company YPF, with Judge Loretta Preska granting the country until July 17 to pursue emergency relief.
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