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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SAAM Towage Uruguay achieves full carbon neutrality
SAAM Towage Uruguay has neutralised its entire carbon footprint and acquired carbon credits from a forestry project, marking a milestone in its sustainability programme
Elliott affiliate surges ahead in Venezuela's Citgo parent auction
An affiliate of hedge fund Elliott Investment Management has emerged as the leading bidder for PDV Holding, the parent company of Venezuela-owned Citgo Petroleum, a US court officer said
Brazil’s Petrobras awards $328mn offshore contracts to Halliburton, SLB
Brazil’s Petrobras has signed two offshore contracts worth a combined BRL1.8bn ($328.5mn) with Halliburton and SLB (formerly Schlumberger) to provide well completion services at the Búzios pre-salt field in Brazil’s Santos Basin.
Brazil ANP to offer 7 offshore blocks in Campos and Santos basins
Brazil’s ANP will offer seven offshore blocks in the Campos and Santos basins during the public session of the third cycle of the Open Acreage of Production Sharing (OPP) on October 22, 2025.
Mexico’s Pemex crude exports surge 31% following historic decline
Mexican state oil company Pemex reported a sharp increase in crude oil exports after reaching their lowest recorded levels, Bloomberg Línea reported.
Mexico’s Pemex Dos Bocas refinery sees 27% decline in petrol production
Petrol production at Mexican state-owned Pemex Dos Bocas refinery fell 27% month-on-month during July 2025, according to latest company data, Bloomberg Línea reported.
Colombia regulator confirms Shell's offshore exit as Ecopetrol gains full control
Colombia's competition regulator confirmed Shell's withdrawal from hydrocarbon exploration activities, with the British oil major transferring its 50% stake in three offshore blocks to partner Ecopetrol at no cost.
OGT2025 conference and exhibition in Ashgabat gains momentum
Preparations are gathering momentum for the landmark 30th Anniversary International Conference and Exhibition “Oil and Gas of Turkmenistan – 2025”, scheduled to take place from 22 to 24 October in Ashgabat.
Chinese firm pledges $1bn to boost oil output in Venezuela
China Concord Resources Corp. is moving ahead with a $1bn plan to revive oil production in Venezuela, aiming to lift output from two Lake Maracaibo fields to 60,000 barrels a day (bpd) by late 2026
Venezuela oil claims diverge from OPEC data in push to show recovery
Venezuela’s official oil production numbers remain at odds with OPEC’s independent assessments, highlighting the persistent opacity around the country’s energy sector
Citgo swings to $100mn profit as refining margins improve
Citgo Petroleum posted a $100mn profit in the second quarter of 2025, reversing an $82mn loss in the opening months of the year, according to figures released by the Ad Hoc Administrative Board of PDVSA
China’s Hongrun buys Canadian, Brazilian crude for Changyi refinery
Chinese independent refiner Hongrun Petrochemical has snapped up crude supplies from Canada and Brazil for its newly acquired Changyi refinery.
Fitch affirms Peru state oil firm Petroperu at 'CCC+' amid liquidity crunch
Fitch Ratings has affirmed state-owned Petroleos del Peru's (Petroperu) credit rating at 'CCC+', pointing to severe liquidity constraints that make default probable without government support, the rating agency said.
Chevron enters Peru’s offshore sector amid government push for energy security
Peru has authorised the entry of Chevron into offshore oil and gas exploration, a move that marks one of the country’s most significant energy partnerships in recent years.
Argentina's Neuquén launches project to deliver more gas to local families
Neuquén Governor Rolando Figueroa inaugurated a natural gas infrastructure project in Añelo on August 22, bringing gas service to 216 families in the Meseta area through the installation of 4,600 metres of pipeline network.
Guyanese oil output steady in July, poised for surge as new project gets underway
Guyana's offshore oil production remained stable at 664,000 barrels per day (bpd) in July, according to Guyana’s Oil Ledger, setting the stage for significant expansion following the Yellowtail project's successful startup earlier this month.
Trump administration delays approvals for non-US oil firms in Venezuela
The Trump administration is holding off on authorising several major Western oil companies to operate in Venezuela, raising pressure on Nicolás Maduro’s regime, even as Chevron Corp retains permission to produce and export crude
Chevron sends first Venezuelan crude to US under new Trump licence
Two Chevron-chartered tankers carrying Venezuelan crude entered US waters on Aug. 21, marking the first shipments under a new licence issued by the Trump administration
Venezuela’s Citgo share auction narrows to Elliott and Gold Reserve bids
Court-appointed official Robert Pincus faces a Monday deadline to determine whether Dalinar’s $7.4bn offer, previously favoured, remains the top proposal or if a rival bid surpasses it
Guyana warns Essequibo dispute with Venezuela risks regional destabilisation
Caracas responded by dismissing Guyana’s concerns as aligned with “dark interests” of US oil giant ExxonMobil
Mexico eyes LNG glory but speedbumps appear in pathway
Mexico has grand ambitions to be a key LNG exporter, but trade relations with the US, crime, and concerns over feed gas pose as hurdles.
Brazil kicks-off first bio-LNG project with China’s Furui
Chinese LNG services provider Furui launched Brazil’s first bio-LNG project holding a kick-off meeting with Brazilian executives from a leading agricultural company.
Bahamas picks Nikkiso to provide regasification system for LNG-to-power project
US clean energy firm Nikkiso has be awarded a contract to offer LNG regasification equipment to Bahamas’ New Providence Gas Project.
Colombia’s Petro warns Venezuela intervention could bankrupt Ecopetrol
Colombian President Gustavo Petro cautioned that a military intervention in Venezuela would trigger severe economic fallout for Colombia, including the risk of collapse for state oil company Ecopetrol
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