Region: Latin America Category: Oil & Gas Frequency: Every Tuesday
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Gas tank explosion in Mexico's Puebla sends fireball into sky, prompts evacuation of 2,000
Argentina's YPF to invest $175mn in infrastructure for landmark LNG project
Argentine national oil company YPF and the Government of Neuquén province have formalised a regulatory and fiscal framework governing development of the Argentina LNG project.
Argentina's Neuquén prioritises water reuse in unconventional oil and gas developments
Argentina's Neuquén province has formally declared the promotion of water reuse, recovery and recirculation in unconventional hydrocarbon operations a public policy priority, aiming to reduce freshwater withdrawals.
Argentina's Mega inaugurates new processing unit to support Vaca Muerta growth
Argentine energy company Compañía Mega has inaugurated a new fractionation train following a three-year construction process and a $260mn investment aimed at expanding its capacity to process hydrocarbons from the Vaca Muerta shale formation.
Argentina approves gas pipeline and lithium expansion under investment incentive scheme
Argentina has approved a $1.3bn natural gas pipeline project and a $208mn expansion of a lithium operation under its incentive regime for large investments (RIGI), Economy Minister Luis Caputo said on June 4.
Argentina warns Rockhopper over Falklands oil development
Argentina has warned UK-listed Rockhopper Exploration and its partner Navitas Petroleum that it considers planned oil development activities near the Falkland Islands (also known as Malvinas) unlawful, escalating a long-running sovereignty dispute.
Argentina's YPF, TGS sign $3bn Vaca Muerta gas processing project deal
YPF has signed a gas supply agreement with Transportadora de Gas del Sur (TGS) to support a planned $3bn gas processing and liquids fractionation project in Bahía Blanca that aims to industrialise output from the Vaca Muerta shale formation.
Argentina's YPF launches share buyback programme for employee compensation plans
Argentina's state-controlled oil company YPF has approved a share buyback programme worth up to ARS$38.47bn (about $26.8mn) to acquire its own stock for employee compensation plans, the company announced in a regulatory filing.
Brazil courts Japan, India, South Korea for oil sales as Hormuz closure bites
Brazil's Foreign Ministry is coordinating the sale of Brazilian crude oil to Japan and other Asian nations reeling from the closure of the Strait of Hormuz, as the war between Iran, the US, and Israel reshapes global energy flows.
Brazil targets 30% oil output rise by 2032 as Asia seeks alternatives to Iran
Brazil plans to increase oil production by around 30% by 2032, a level that would rank it among the world's five largest producers and position it as a key alternative supplier for Asian countries seeking to reduce dependence on Middle Eastern crude.
US delegation to press Venezuela for deeper oil sector reforms
A delegation of officials from the Trump administration is expected to travel to Venezuela in the coming days to encourage further changes to the country’s Hydrocarbons Law
Uruguay targets first offshore exploration well in 2027
Interest in Uruguay’s offshore acreage has grown following major discoveries since 2022 in Namibia’s Orange Basin
Venezuela expands energy outreach as Rodríguez follows India visit with Turkey stop
During her visit to India, Rodríguez met US Ambassador Sergio Gor as part of ongoing working groups between Caracas and Washington established after she assumed power
Indian energy ties with Venezuela deepen during Rodríguez visit
India signalled its willingness to expand its presence in Venezuela’s energy sector during talks in New Delhi between Oil Minister Hardeep Singh Puri and interim President Delcy Rodríguez
Brazil’s Petrobras ends diesel import freeze
Petrobras said it would resume diesel imports later this month after spending May supplying the Brazilian market solely with fuel produced at its own refineries.
Brazil wraps up first green platform scrap
Brazil completed its first large-scale offshore platform dismantling project this week after Ecovix finished decommissioning Petrobras’ former P-32 unit at the Rio Grande Shipyard in southern Brazil.
Brazil pushes green fuel shipping route
A consortium led by the Global Maritime Forum and RMI is developing plans for a green shipping corridor linking Brazil’s Port of Açu with the Port of Antwerp-Bruges in Belgium to support the production and transport of low-emission fuels.
Rockefeller targets 4mn Colombians without power with solar and battery push
The Rockefeller Foundation is channelling solar panels and battery storage towards the roughly 4mn Colombians still without electricity — most of them in the Amazon and the Llanos
Oil bonanza hands Colombia a fiscal lifeline worth a tax reform — without the politics
A surge in global crude prices, driven by the escalating conflict in the Middle East, is delivering Colombia an unexpected revenue windfall that analysts say could be worth as much as a full tax reform
Colombia's Amazon ballot — green legacy or oil revival at stake on June 21
Colombia's presidential run-off on 21 June pits two sharply contrasting visions against each other — one centred on environmental stewardship, the other on resource extraction — with profound consequences for the Amazon rainforest
Geopolitical crises are the new norm for energy markets
Geopolitical disruptions are becoming a permanent feature of global energy markets rather than isolated crises.
Mercuria acquires Shell’s Argentina downstream business in $1.42bn deal
Swiss energy trader Mercuria Energy Group has agreed to acquire the entire Argentine business operated by Raízen under the Shell brand for $1.42bn, taking control of 894 service stations, the Dock Sud refinery and other strategic fuel infrastructure
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