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's Delta Energia launches fuel distributor targeting agribusiness
Brazilian energy company Delta Energia has secured regulatory approval to enter fuel distribution through its new subsidiary Thero Distribuidora, targeting the country's rapidly growing agribusiness sector.
Guyana's oil revenues surge in June
Guyana's oil revenues continued their strong trajectory in June, with the government earning just over $191mn from three crude oil cargo sales, bringing total oil sales for 2025 to approximately $1.05bn, according to government data.
Colombia's Ecopetrol partners with Aerocivil to advance sustainable aviation fuel initiative
Colombian state oil company Ecopetrol and the country's Civil Aviation Authority have established a strategic alliance to develop sustainable aviation fuel capabilities.
Colombian oil flow disrupted as bombing halts key export pipeline
Colombia's critical Cano Limon-Covenas oil pipeline ceased operations following an explosive attack in Arauca province, with operator Cenit implementing emergency spill containment measures.
Brazil's Petrobras expands female leadership with Laureano appointment
Brazil’s Petrobras has appointed Angélica Garcia Cobas Laureano as its new executive director for Energy Transition and Sustainability, the company’s board confirmed.
Brazil pushes to expand oil output despite net-zero pledge
Brazil is moving to expand crude oil output without raising net emissions from the sector, as it seeks to support its climate credentials ahead of the COP30 summit.
Brazil’s ATE buys Petro-Victory with 10% royalty
Azevedo & Travassos Energia (ATE) has signed a binding memorandum of understanding to acquire Petro-Victory Energy Corp. The deal, agreed on July 2, 2025, will see Petro-Victory become a subsidiary of ATE.
Brazil’s Lula brushes off Trump tariffs threat
US and Panama launch joint military exercises amid canal security concerns
US helicopters have arrived in Panama to begin collaborative training exercises with local security forces, as tensions mount over the strategic waterway's future amid competing US and Chinese interests.
Brazil authorises firm for shale oil exploration amid climate backlash
Brazil's energy ministry has certified Cemes Petróleo to join the "transparent well initiative" designed to boost public awareness of unconventional hydrocarbon deposits, mere months before hosting the UN's COP30 climate summit.
Brazil’s Petrobras launches exploration drilling in Campos Basin pre-salt
Brazil’s national oil company Petrobras has commenced drilling operations at a new exploration prospect in the Campos Basin, marking a significant step in its strategy to double regional production over the coming decade.
MODEC's FPSO crowned Brazil's top oil producer
Japan's MODEC has achieved recognition for operating Brazil's largest oil and gas production facility, with its floating production storage and offloading vessel at the Mero field earning status as the country's leading producer.
Norway’s Solstad lands $84mn Petrobras charter for anchor handling vessel
Norwegian maritime services company Solstad Offshore has sealed an $84mn four-year charter agreement with Brazil's national oil company Petrobras for the anchor handling tug supply ship Normand Turquesa.
India boosts oil imports from US, Brazil as part of supply diversification
According to reports, imports of US crude surged by 51% year-on-year to 271,000 barrels per day between January and June, up from 180,000 bpd during the same period in 2024.
Colombia's oil and gas output drops sharply amid sector slump
Colombia's hydrocarbon sector continued its downward trajectory in May as natural gas production tumbled 11.3% whilst crude oil output fell 4.8%, according to data from the National Hydrocarbons Agency (ANH).
Brazil’s PetroVictory wraps up AND-5 drilling
Petro-Victory Energy has finished drilling the AND-5 well in the Potiguar Basin, Rio Grande do Norte, through its partnership with Azevedo & Travassos Energia (ATE).
Brazil warns US over tariff threat
Brazil may impose reciprocal trade measures if US President Donald Trump’s plan to levy a 50% tariff on imports from Brazil takes effect, President Luiz Inácio Lula da Silva said.
Brazil’s Petrobras eyes Bahia exit
Brazil’s Petrobras may sell its onshore oil and gas assets in Bahia due to high costs and low production compared with its offshore pre-salt fields, CEO Magda Chambriard said.
Brazil freezes Petrobras Amazon oil blocks
Brazil’s National Agency of Petroleum, Natural Gas and Biofuels (ANP) has halted the exploration period for Petrobras contracts in six blocks in the Foz do Amazonas basin until environmental clearance is granted by Ibama.
Guanabara FPSO tops Brazil output
Brazil’s FPSO Guanabara MV31 has been confirmed as the country’s top producing unit by the National Agency for Petroleum, Natural Gas and Biofuels (ANP), underlining its role at Petrobras’ Mero field in the Santos Basin, MODEC said.
Gold Reserve signals confidence in Citgo team as $7.4bn deal for Venezuelan asset awaits ruling
Gold Reserve Inc. expressed support for Citgo Petroleum Corp.’s current leadership as it awaits a federal court’s decision on its $7.4bn bid to acquire the refiner’s parent company
Bondholders move to derail Venezuela-owned Citgo sale over disputed collateral rights
A group of creditors holding defaulted Venezuelan bonds is moving to block a $7.4bn offer to acquire Citgo Petroleum Corp.’s parent company, arguing the deal would undermine their legal claims to pledged collateral
Venezuela warns against energy exclusion as OPEC calls for trillions in investment
During a session focused on unlocking the $17 trillion needed by 2050 to secure global energy flows, Delcy Rodríguez stressed that Venezuela must remain part of the international energy equation
Venezuela aims to cut oil reliance with 11% industrial growth target by 2025
According to pro-government outlet Misión Verdad, the international sanctions—numbering over a thousand—have left deep scars on the country’s core industries
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