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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Equinor targets 27% rise in production outside Norway by 2030, led by US, Brazil, Angola
Equinor is targeting equity oil and gas production outside Norway of 950,000 boed by 2030, up about 27% from 750,000 boed in Q2 2026, as it concentrates investment in a smaller portfolio led by the US, Brazil and Angola.
Colombia's Ecopetrol faces weaker reserves and tighter cash position at 75
Ecopetrol reaches its 75th anniversary with stronger second-quarter earnings but a tighter balance sheet and a smaller reserve base than in 2022, highlighting the challenges facing Colombia’s state-controlled oil company
Colombia's Ecopetrol lifts fuel output as refineries process more crude
Ecopetrol increased refinery throughput and production of key fuels in the first half of 2026 as its Barrancabermeja and Cartagena facilities operated more steadily, strengthening domestic fuel supply
Venezuela oil output hits 1.23mn barrels a day as investment expands
The country has signed almost 50 investment agreements covering more than 76 hydrocarbon production areas, according to Rodríguez. She said crude production continued even after the June earthquakes, which killed at least 6,509 people
Continental Resources to acquire 50% of Phoenix in $4bn Vaca Muerta expansion
US oil producer Continental Resources has agreed to acquire a 50% stake in Phoenix Global Resources from Mercuria Energy Group, creating an equal joint venture that plans to invest more than $4bn over five years to expand oil and gas production.
Rockhopper plans capital raise after Navitas advances Falkland's Sea Lion second FPSO
UK-listed oil and gas company Rockhopper Exploration is considering a capital raise to fund its 35% share of a second floating production, storage and offloading (FPSO) vessel for the Sea Lion project in the North Falkland Basin.
Trion project nears offshore milestone as key equipment lands in Mexico
The $10.4bn Trion ultra-deepwater oil project moved a step closer to installation after Netherlands-based SBM Offshore confirmed the arrival of critical offshore equipment in Altamira, Mexico, shipped via the Panama Canal from China.
Argentina’s energy surplus jumps to $722mn in July on oil export growth
Argentina recorded an energy trade surplus of $722mn in July, up sharply from $12mn a year earlier, as oil exports doubled and energy imports fell, extending the country’s improving energy balance during 2026.
Mexico misses Latin America's oil boom as Brazil, Guyana fill the gap left by Iran conflict
Mexico is being left behind as Latin America emerges as the world's leading oil supplier outside OPEC, with Brazil, Argentina, Guyana and Venezuela capturing new market share while Mexican crude exports sit at historic lows.
Brazil’s Petrobras opens tender for new diesel unit
Argentina turns Strait of Hormuz into competitive advantage
Argentina is positioned to unlock a critical global energy sector advantage due to the Strait of Hormuz closure, as two massive monobuoys complete their passage through the vital chokepoint.
Brazil’s equatorial oil could fuel industry
Argentina's Neuquén province achieves record oil output for July
Argentina's Neuquén province produced an average of 658,640 barrels of oil per day in July 2026, a record high for the province and a 1.64% increase on a monthly basis.
Continental, Mercuria plan $4bn investment in Argentina’s Vaca Muerta
US oil producer Continental Resources and Swiss commodities trader Mercuria are planning to invest about $4bn over five years to expand oil production in Argentina’s Vaca Muerta shale formation.
Saudi Aramco signs $3.7bn in deals with French firms
Saudi Aramco has signed agreements and an MoU with French firms worth a potential $3.7bn, covering drilling equipment, oil and gas pipes and AI, during MBS's Paris visit.
Guyana weighs fuel security as oil boom exposes import dependence
Guyana’s oil boom has not ended its fuel vulnerability. Georgetown is weighing refineries, strategic storage and a national oil company as geopolitical shocks expose the risks of relying on imported refined products.
MODEC brings Guyana’s next FPSO closer to first oil
Guyana’s oil expansion advances as MODEC’s FPSO Errea Wittu arrives for the Stabroek block’s Snoek, Mako and Uaru developments, bringing ExxonMobil’s next offshore production phase closer to first oil.
Brazil’s largest gas plant halts operations
Brazil’s largest operating gas-fired power plant, GNA II, has suspended generation indefinitely after a technical failure damaged equipment at the 1.7 GW facility in Rio de Janeiro state.
Guyana’s oil boom exposes the operational risks of rapid output growth
A brief fire halted ExxonMobil’s Liza Unity operations off Guyana, exposing the operational risks behind the country’s rapid rise towards 1mn barrels per day of offshore oil production.
Brazil’s Petrobras FPSO hits peak production
Petrobras’ Alexandre de Gusmão FPSO has reached its production capacity of 180,000 barrels of oil per day at the Mero field in Brazil’s Santos Basin pre-salt.
Guyana’s oil boom pushes output past 1mn barrels a day
Guyana’s oil output is set to exceed 1mn barrels per day as the Errea Wittu FPSO prepares for Uaru, deepening the country’s dependence on offshore hydrocarbons while increasing pressure to turn record production into broader economic gains.
Brazil’s Petrobras secures long-term gas access in Bahia state
Petrobras and three energy companies have extended their agreements for access to the Catu Natural Gas Treatment Unit in Bahia, securing processing capacity for gas produced from onshore fields in the state.
Brazil’s Petrobras targets four offshore blocks in Ghana
Petrobras has entered direct negotiations for exploration contracts covering four offshore blocks in Ghana’s Keta Basin after the country’s Ministry of Energy and Green Transition approved its application.
Petro-Victory doubles Brazil oil output
Petro-Victory Energy increased oil production at its Capixaba Energia assets in Brazil by 128% during the first year of operations, while cutting production costs by 37%.
Brazil’s Amazon oil find boosts Lula’s re-election campaign
Brazil’s recent oil discovery off the Amazon coast is giving President Luiz Inacio Lula da Silva a boost in his re-election campaign, particularly in Amapá, where the project could bring future investment and jobs.
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