LatAmOil - Latin America Oil & Gas

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Oil & Gas

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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Sulzer signs five-year strategic alliance with Venezuela’s PDVSA

27 October 2026

Sulzer AG has signed a five-year strategic agreement with Venezuela’s state oil company PDVSA, creating a framework for potential orders across the producer’s operations as the country seeks investment to expand and modernise its energy industry

Putin says Russia ready to extend billions in Venezuela energy investment

27 October 2026

Russia is prepared to continue investing in Venezuela’s energy industry, where Russian companies have already committed billions of dollars, President Vladimir Putin said at a gas-exporting nations summit in Moscow

UK warns Trump of economic impact of Argentina’s Falklands measures

27 October 2026

British Prime Minister Andy Burnham told US President Donald Trump on October 23 that Argentina’s measures against companies involved in oil exploration around the Falkland Islands could have economic consequences for both countries.

S&P upgrades Golar LNG to B+ on improving Argentina outlook

27 October 2026

S&P Global Ratings has upgraded Golar LNG Limited’s credit rating to B+ from B, citing improving economic and financing conditions in Argentina, where the floating liquefied natural gas (FLNG) operator expects to concentrate operations.

Ecuador orders oil and mining projects above 10MW to generate all their own power

27 October 2026

Ecuador has told oil and mining projects with electricity demand above 10 megawatts (MW) to install self-generation systems covering 100% of their needs.

TotalEnergies plans to expand oil and gas exploration in Argentina

27 October 2026

TotalEnergies plans to broaden oil and gas exploration in Argentina, including offshore prospects in the Malvinas basin, conventional deposits in Tierra del Fuego and dry shale gas in Vaca Muerta.

NABEP lifts Venezuela oil output as it prepares to double active rigs

27 October 2026

North American Blue Energy Partners has increased oil production in Venezuela by about 20,000 barrels per day (bpd) since August and plans to double the number of active rigs in its projects

Machado’s homecoming adds pressure on US-backed talks in Venezuela

27 October 2026

Venezuelan opposition leader María Corina Machado is willing to meet interim President Delcy Rodríguez, her party’s spokeswoman said, as her return after 10 months in exile adds pressure to negotiations over the country’s political future.

Guyana announces ExxonMobil's Rockhead-1 well discovery, expanding hydrocarbon portfolio

27 October 2026

The exploration momentum within Guyana’s prolific Stabroek Block continues to accelerate, with the national government officially confirming the new Rockhead-1 hydrocarbon discovery.

Argentina's Neuquén achieves 31.28% reduction in methane emissions despite oil output surge

27 October 2026

Argentina’s Neuquén province has successfully decoupled hydrocarbon production growth from greenhouse gas emissions in the Vaca Muerta shale formation, data from the Ministry of Tourism, Environment and Natural Resources showed.

Chevron targets Argentina's Vaca Muerta with $13.8bn in oil investment

27 October 2026

US energy major Chevron has identified Argentina’s Vaca Muerta shale formation as its next hydrocarbon frontier, planning a proposed $13.8bn, 30-year investment plan currently awaiting government approval.

SLB's OneSubsea, oil majors complete all-electric subsea tech project in Brazil

27 October 2026

OneSubsea, a joint venture backed by SLB Aker Solutions and Subsea7, has completed a joint industry project in Brazil with TotalEnergies, Equinor, BP and Chevron to develop fully electric subsea production technology.

Peru's Petroperú to save $180mn yearly on Ecuadorian crude

27 October 2026

Peru's state oil company Petroperú expects to save as much as $180mn a year by buying crude directly from Ecuador's Petroecuador.

Peru awards oil block 207 to China's SPT Energy

27 October 2026

Peru has handed onshore oil block 207, in the country's northwest, to China's SPT Energy.

Cheiron signs Block 192 licence to enter Peru

27 October 2026

Cheiron has signed a licence for Block 192, the largest oil concession in Peru by reserves, the energy company announced on October 24.

Mexico's Pemex breaches own rules on no-tender contract spending

27 October 2026

Mexico's state oil company Pemex handed out 74% of the money it spent on contracts last year without holding open tenders.

Mexico targets fuel middlemen in illegal trade crackdown

27 October 2026

Mexico is weighing legal changes to restrict fuel intermediaries after officials uncovered MXN61.7bn in unexplained fuel transactions in 2025.

Argentina set to overtake Guyana in oil output

27 October 2026

Argentina could displace Guyana as South America's third-largest liquids producer by 2028.

Viridien eyes 2027 for Guyana seismic reprocessing results

27 October 2026

Viridien (Euronext Paris: VIRI) expects to deliver the first results from its reprocessing of over 10,000 square kilometres of legacy 3D seismic data off Guyana in the opening quarter of 2027.

Guyana's Liza Unity design anchors SBM Offshore's 14-hull FPSO programme

27 October 2026

SBM Offshore (AMS: SBMO) will soon have ordered 14 Fast4Ward hulls, building on a design first deployed on the Liza Unity floating production unit off Guyana.

Guyana drilling boosts SLB Latin America revenue

27 October 2026

Oilfield services group SLB (NYSE: SLB) posted Latin America revenue of $1.75bn for the third quarter of 2026, a 2% rise on the previous three months, as drilling picked up in Guyana.

Chevron halts funding for Guyana deep-water port studies

27 October 2026

Chevron (NYSE: CVX) has stopped paying for studies on a proposed deep-water port in Guyana, a project valued at up to $2bn.

Colombia's Avianca outlook turns negative as fuel costs threaten cash flow

26 October 2026

Fitch Ratings has maintained Avianca Group International’s credit ratings at B+ but changed its outlook to Negative, warning that elevated fuel costs and weaker cash generation could strain the Colombian airline’s financial flexibility in 2027

Rubio urges Cubans to work with CIA as Trump renews pressure

26 October 2026

US Secretary of State Marco Rubio has urged Cubans seeking political change to cooperate with the Central Intelligence Agency, as President Donald Trump renewed warnings that Washington would turn its attention to Cuba

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