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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Stena Carron seeks lifting equipment suppliers as Guyana drilling continues through 2026
Pemex's aging pipelines under scrutiny as Gulf of Mexico spill triggers cover-up allegations
A hydrocarbon spill stretching more than 630 kilometres along Mexico's Gulf coastline has become something more than an environmental emergency. It has become a test of whether Pemex and the government told the truth about when they knew.
Fracturing activity in Argentina's Vaca Muerta hits record high in March
Hydraulic fracturing activity in Argentina's Vaca Muerta shale formation reached a record high in March with 2,616 fracturing stages in the unconventional segment.
Shearwater and Searcher complete third season of 3D seismic acquisition in Brazil's Pelotas Basin
Norway's Shearwater GeoServices and Australia-based Searcher have completed the third phase of their multi-client 3D seismic acquisition campaign in Brazil's Pelotas Basin, bringing total regional coverage to more than 17,000 square kilometres.
Brazil's offshore supply vessel demand peaked in 2025, set to stabilise to 2030, says Rystad
Brazilian demand for platform supply vessels reached a peak of 140 vessel-years in 2025, but is expected to ease slightly this year and stabilise through 2030, according to a survey by energy consultancy Rystad Energy.
Brazil’s Vast Infraestrutura completes first ExxonMobil oil transshipment in Brazil
Vast Infraestrutura has completed the first oil transshipment operation for ExxonMobil in Brazil, moving 1mn barrels from the Bacalhau field through its T-Oil terminal at Porto do Açu in Rio de Janeiro state.
Brazil’s Ventura Offshore secures $611mn in Petrobras contract extensions for two deepwater rigs
Ventura Offshore has locked in contract extensions worth around $611mn in combined backlog with state-owned oil company Petrobras, covering a semi-submersible rig and a drillship it manages on behalf of Norwegian-backed Eldorado Drilling.
Brazil’s Constellation locks in $1.1bn in extra Petrobras backlog through rig extensions
Brazilian drilling contractor Constellation has secured $1.1bn in additional contract backlog through extensions on three rigs working for Petrobras, boosting the company's total backlog by 67% to approximately $2.8bn through 2030.
Brazil’s Brava Energia launches four-well drilling campaign
Brazilian oil producer Brava Energia is to start a four-well drilling campaign across two offshore fields, the company said on April 6, sending its shares up more than 5% after the announcement.
Brazil’s Belov Engenharia signs BRL2.7bn Petrobras deal for diving, ROV services
Belov Engenharia has signed eight contracts with Petrobras worth a combined BRL2.7bn ($526mn) for the provision of shallow diving and remotely operated vehicle (ROV) services using four diving support vessels.
Transocean adds $1bn to backlog with Petrobras extensions, Norway contract
Transocean has announced contracts and extensions worth approximately $1bn in combined backlog, led by two drilling rig extensions with state-owned oil company Petrobras in Brazil and a new contract in Norway.
Brazil’s Petrobras fires commercialisation director over rogue LPG auction as cabinet tightens grip on fuel policy
Petrobras has dismissed its executive director of logistics, commercialisation and markets, Claudio Schlosser, amid the fuel price crisis after an auction of LPG last week produced prices well above Petrobras’ own reference prices.
Brazil's Petrobras delivers LPG at high auction prices despite Lula move to annul sale, say sources
etrobras has delivered liquefied petroleum gas (LPG) auctioned off at steep premiums to distributors even after President Lula said the government would annul the tender to protect consumers from fuel price spikes.
Brazil scraps aviation fuel taxes, subsidises diesel and cooking gas on crude price spike
Brazil's government has eliminated federal taxes on aviation kerosene as part of a sweeping package in an effort to contain the economic fallout from the US-Israeli war with Iran which has pushed oil prices up sharply.
Argentina gas exports to Chile briefly halted over quality issues at Vaca Muerta supply
Reliance begins direct purchases of Venezuelan crude
A unit of India’s Reliance Industries has started loading a 2mn-barrel cargo of Venezuelan heavy crude purchased directly from state-run PDVSA.
Russia dispatches second oil tanker to Cuba amid US fuel embargo
Russia plans to send a second oil tanker to Cuba following the delivery of hundreds of metric tonnes at Matanzas port earlier this week, Russian Energy Minister Sergei Tsivilev stated, as the Caribbean island confronts deepening energy shortages
Colombia reverses fuel price cuts as global oil costs widen budget deficit
Colombia raised domestic fuel prices from April 1 as climbing international oil costs inflated the subsidy burden on an already strained public balance sheet, reversing two consecutive monthly reductions that had briefly eased inflation pressures
Mexico’s Amigo LNG inks 20-year offtake deal with UAE’s IRH
Mexico’s Amigo LNG, the flagship project of LNG Alliance, ha signed a 20-year Sales and Purchase Agreement (SPA) with Abu Dhabi-based International Resources Holding (IRH),
OPEC+ sets symbolic quota rise as Hormuz closure bites
OPEC+ has agreed a modest increase in oil production quotas from May, a move that is more about signalling future intent than shifting near‑term supply
Venezuela oil exports top 1mn bpd for first time in six months
Venezuela’s oil exports exceeded 1 million barrels per day (bpd) in March for the first time since September, driven by increased shipments to India and storage flows to the Caribbean, according to ship-tracking data.
Venezuela’s Rodriguez moves to take control of Citgo board
Venezuela’s government under interim President Delcy Rodriguez is preparing to take control of the boards of PDVSA’s US-based subsidiaries, including Citgo Petroleum, in a move that could intensify a long-running dispute over its control.
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