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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Mexico's Pemex breaches own rules on no-tender contract spending
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
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
Argentina could displace Guyana as South America's third-largest liquids producer by 2028.
Viridien eyes 2027 for Guyana seismic reprocessing results
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
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
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
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
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
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
Cuba restores grid links to two eastern provinces after outage
Cuba reconnected Santiago de Cuba and Guantánamo to its national electricity grid on October 25, about five hours after a transmission-line failure cut power to the two eastern provinces
India's Jamnagar refinery becomes key to US diesel supply
Washington is turning to India's Jamnagar refinery to process heavy Venezuelan crude and add diesel to global markets as US fuel prices rise ahead of mid-term elections.
Bolivia tightens border controls on LPG cylinder smuggling as shortages bite
Bolivia will tighten controls on the illegal diversion and resale of liquefied petroleum gas (LPG) cylinders, which the government blames on price gaps with neighbouring countries, as queues and complaints over supply spread across several regions.
Ecuador's Petroecuador adds Shushufindi well pumping 3,200 bpd
Petroecuador has brought a new well into production in Sucumbíos province, with an initial output of about 3,200 barrels per day (bpd), El Universo reported.
Vale, CSN win shares in Brazil’s first state gas auction
Brazilian mining giant Vale and steelmaker CSN were among the companies awarded natural gas supplies in the country’s first auction of state-owned gas for direct sale to industrial consumers, held by state-run company Pré-Sal Petróleo (PPSA).
Peru targets 2,657 new oil and gas wells in a decade
Peru anticipates that 2,657 oil and gas wells will be drilled over the coming 10 years as it works to draw more investment into exploration and production.
Trinidad's Heritage Petroleum hunts partners for deeper onshore oil
Heritage Petroleum, the state oil company of Trinidad and Tobago, is looking for contractors to help it explore and possibly develop oil held in deeper formations beneath its onshore acreage.
ExxonMobil eyes Guyana wells as Ranger tiebacks
ExxonMobil (NYSE: XOM) is studying exploration wells close to its Ranger find off Guyana as candidates for linking to a future development there, and the Rockhead well drilled this year is one of them.
Guyana's oil fund hits record $1.89bn in third quarter
Guyana's Natural Resource Fund (NRF) received $1.89bn in petroleum revenue between July and September, its largest quarterly intake on record.
United Oil & Gas secures rigs for Jamaica offshore drilling
United Oil & Gas (AIM: UOG) has found more than 10 suitable drilling rigs for a future exploration campaign on its Walton-Morant licence off Jamaica.
Argentina grants tax incentives to $12.2bn Pluspetrol project in Vaca Muerta
Argentina has approved tax and regulatory incentives for the $12.24bn Bajo del Choique-La Invernada oil and gas project operated by Pluspetrol and state-owned Gas y Petróleo del Neuquén (GyP) in the Vaca Muerta shale formation.
Fire breaks out on unmanned Pemex platform in Gulf of Mexico, no injuries reported
Mexican state oil company Pemex said a fire broke out on its unmanned satellite platform Abkatún-H, about 73km from Ciudad del Carmen in Campeche state, on October 19.
Pemex resumes job cuts, grade reductions at headquarters
Mexican state oil company Pemex has resumed a restructuring that is eliminating dozens of jobs and lowering the grades and pay of other employees at its Mexico City headquarters and in several departments nationwide, multiple sources told Argus.
Pemex debt falls to lowest since 2014 as refining output surges
Mexican state oil company Pemex has cut its debt by more than $20bn in under two years, to its lowest level since 2014, Chief Executive Juan Carlos Carpio said at President Claudia Sheinbaum's regular press briefing at the National Palace.
Ecuador to export 16.2mn barrels of crude to Peru in $1.65bn deal
Ecuador will export 16.2mn barrels of Oriente crude to Peru after state firms EP Petroecuador and Petroperú awarded two contracts on October 14, with estimated revenue of $1.652bn for the Ecuadorean state.
Chile's Enap buys Pluspetrol Ecuador for $207mn to secure crude for its refineries
Chilean state oil company Enap said its subsidiary Enap Sipetrol S.A. has signed a contract to acquire 100% of Pluspetrol Ecuador, which holds a stake in block 10 in Pastaza province, for a base price of $207mn.
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