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 Petrobras confirms significant gas potential in Colombian waters
Brazilian energy company Petrobras has reported positive outcomes from a drill stem test (DST) conducted at the Sirius-2 well, located offshore Colombia, indicating substantial natural gas potential in the region.
Ecuador transfers operations of oil field to Chinese and Canadian consortium
Ecuador announced that it is transferring operations of the country's most productive field, Sacha, from national oil company Petroecuador to a consortium led by China's Sinopec and Canada's Petrolia under a production-sharing contract.
EnerMech to do pre-commissioning work on ONE Guyana FPSO
EnerMech has won a pre-commissioning contract for the ONE Guyana FPSO from SBM Offshore's Guyana subsidiary, extending the energy services firm's involvement in Guyana's rapidly expanding offshore oil sector.
Colombia's Ecopetrol's 2024 profit decline amid energy transition
Colombia's state-controlled oil company, Ecopetrol, announced a 21.7% decrease in net profit for 2024, totalling $3.8bn.
Mexico has contingency plans if Trump uses gas as 'weapon' in talks: Energy Ministry
Mexico has prepared contingency plans to prevent blackouts should US President Donald Trump use Mexico's high dependence on American natural gas as a negotiating weapon
Colombia's Ecopetrol accelerates renewable energy expansion with 2 GW acquisition plan
Ecopetrol, Colombia's state-controlled oil giant, is advancing its renewable energy ambitions by initiating the acquisition of approximately 2 gigawatts (GW) of renewable energy projects, primarily in wind and solar sectors.
Trump extends Chevron’s Venezuela exit deadline to April
The order mandates the closure of the company’s operations in the country, including its joint ventures with state oil firm PDVSA and any entity in which PDVSA holds a stake of at least 50%
Colombia's Ecopetrol enhances regasification capacity amid impending gas shortfall
Colombia's state-owned oil and gas company, Ecopetrol, has awarded a contract to local firm Puertos, Inversiones y Obras (PIO) to deliver regasification services along the nation's Pacific Coast.
Maduro threatens action over Guyana’s alleged oil exploitation in disputed waters
Venezuela’s Nicolás Maduro warned that his government would take decisive measures to address what he described as an "illegal action" by Guyana in a maritime area he claims remains "pending international delimitation."
Maduro pledges to expand Venezuela’s oil production despite Chevron licence revocation
Venezuela’s Nicolas Maduro denounced Washington’s directive for Chevron to cease its activities in the country within a month, branding the move as detrimental to both nations.
Chevron exit could lead to inflation and devaluation in Venezuela, warns economist
Asdrúbal Oliveros, Venezuelan managing partner of Ecoanalítica, has assessed the economic ramifications of the US decision to revoke Chevron's license, forcing the oil company to cease operations in Venezuela within 30 days
ExxonMobil Guyana oil production set to remain stable following Venezuelan border threat
Venezuelan coast guard vessels allegedly entered Guyanese waters on March 1, approaching an ExxonMobil production vessel in the disputed offshore region, according to Guyana's President Irfaan Ali.
Colombia's Ecopetrol initiates market-maker programme for share liquidity
Ecopetrol announced the implementation of a market-maker programme for its shares listed on the Colombian Stock Exchange.
Paused US tariffs on Mexican oil and gas spark trade tensions
US President Donald Trump has granted Mexico a temporary exemption of a month on most goods from recently imposed tariffs.
Venezuela naval vessels enter disputed Guyana waters near ExxonMobil site, Maduro regime approaches Caricom
Venezuela's coast guard vessels allegedly entered Guyanese waters on March 1, approaching an ExxonMobil production vessel in the disputed offshore region, Guyana's President Irfaan Ali announced.
Uruguay's new president prioritises energy as key economic driver
Uruguay already boasts one of the cleanest energy grids in the region, with 99% of its electricity derived from renewable sources
Colombia's Ecopetrol seeks $2bn debt to bolster acquisition strategy
Colombia's state-controlled oil firm, Ecopetrol, intends to secure up to $2bn in additional debt this year to finance acquisitions,
Oil workers' union leader calls Neuquén key to Argentina's future
Oil workers' union leader Marcelo Rucci has declared Neuquén province to be the epicentre of Argentina's future during the opening of 2025 legislative sessions.
Brazil’s Petrobras expands offshore fleet amid production push
Brazil’s national oil company (NOC) Petrobras is expanding its offshore capabilities with four additional support vessels by 2026, bringing its fleet to 48.
Brazil's Atlanta FPSO ships maiden crude cargo
Brazil's recently commissioned Atlanta floating production, storage and offloading (FPSO) vessel has exported its first crude oil shipment, loaded aboard the Sonangol Namibe in late February.
Venezuela pressures Caricom over Essequibo dispute amid rising tensions
Venezuelan Vice President Delcy Rodríguez urged the Caribbean Community (Caricom) to take a “constructive role” in the escalating border dispute with Guyana, warning against actions that could trigger regional conflict
Brazilian firm PRIO obtains drilling permit for Wahoo field
Brazilian oil and gas company PRIO, previously known as PetroRio, has obtained a drilling permit from environmental agency Ibama for operations at the Wahoo field in the Campos Basin, off the coast of Espírito Santo state
Venezuela's oil exports surged in February before US licence revocation
Venezuela’s crude and fuel exports climbed to their highest level last month since November, 2024, buoyed by shipments ahead of a US decision to revoke a key licence allowing Chevron to operate in the country
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