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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Suriname launches capacity-building programme to fuel energy sector growth
Suriname has launched a three-year capacity-building programme targeting tax and customs officials as the country positions itself to manage incoming oil revenues from its rapidly expanding offshore sector.
Halliburton secures multibillion deal with YPF to expand fracking in Vaca Muerta
Halliburton has secured an exclusive, multibillion-dollar contract from Argentina’s state-run energy company YPF to provide integrated hydraulic fracturing services in the Vaca Muerta shale formation.
US court halts appeals in YPF case after ruling in Argentina’s favour
A US appeals court has suspended all ongoing appeals in the long-running legal dispute over the nationalisation of oil company YPF, following a recent ruling that annulled a prior judgment ordering Argentina to pay $16bn in damages.
Vaca Muerta investment seen reaching $60bn over five years, Goldman Sachs says
Investment in Argentina’s Vaca Muerta shale formation could reach $60bn over the next five years as energy companies ramp up infrastructure development, with much of the financing expected to come from international markets.
Petro rules out Colombia selling energy to Ecuador if Noboa does not eliminate tariffs
Colombia will not resume electricity exports to Ecuador unless tariffs on Colombian goods are lifted, President Gustavo Petro said on April 13, linking energy cooperation to trade conditions as bilateral tensions escalate
Colombia's Valencia pledges $14bn deficit cut and oil revival
Conservative presidential candidate Valencia published her government programme, pledging to cut Colombia's fiscal deficit by COP50 trillion ($14bn), reinstate the fiscal rule suspended by the Petro administration and reverse the oil ban
Brazil pivots to ethanol surge
Brazil’s 2026/27 sugarcane harvest is forecast to rise 3.15% to 677.7mn tonnes, while mills are expected to divert output towards ethanol, cutting sugar production by more than 7%, consultancy Safras & Mercado said.
ConocoPhillips evaluates Venezuela return as oil majors weigh risks
The Houston-based producer said the visit forms part of a broader review of global prospects
Shell targets 2027 start for Trinidad and Venezuela's Loran-Manatee as Dragon discussions proceed
Shell Plc is aiming to begin natural gas production in 2027 at the Loran-Manatee offshore field shared by Venezuela and Trinidad and Tobago, as the company accelerates projects to meet rising regional demand
Repsol to assume direct control of Venezuela operations to drive output growth
Repsol SA will take direct control of its oil operations in Venezuela in the coming days, a move aimed at accelerating production growth and meeting its target of tripling output in the country over the next three years
Venezuela and Shell discuss Dragon gas development in push for energy exports
Venezuela stepped up efforts to expand its gas sector after Vice Minister for Europe and North America Oliver Blanco met with Shell Chairman Peter Costello to explore deeper energy cooperation and new strategic projects
Chevron deepens Orinoco footprint with PDVSA asset swap
Chevron Corp. has agreed to expand its position in Venezuela’s Orinoco Belt through a pair of deals with state oil company PDVSA, sharpening its focus on extra-heavy crude as the country seeks to revive output following sweeping sector reforms
Mexico's Pemex will need private sector to fund fracking as experts warn of infrastructure gap and high costs
Mexico President breaks with Morena orthodoxy on fracking in pragmatic shift that divides ruling party
Argentina awards FLNG installation contracts to CoreMarine and Jumbo Offshore
Argentina has awarded CoreMarine and Jumbo Offshore contracts to transport, install and connect key mooring systems for two floating liquefied natural gas (FLNG) vessels in the Golfo San Matías.
Trump signals potential shift to Cuba policy after Iran conflict, amid oil squeeze
US President Donald Trump said on April 13 that Washington could turn its focus to Cuba once the conflict with Iran is resolved, as the Caribbean nation faces mounting pressure from US oil restrictions
Cuba warns of ‘costs’ of any US attack while urging dialogue amid tensions
Cuba’s president Miguel Díaz-Canel said the island would resist any military action by the United States, while calling for dialogue to avoid escalation, in an interview broadcast on April 12
Brazil’s Petrobras extends Solstad Maritime $56mn contract for Normand Fortress
Solstad Maritime has secured a two-year contract extension with Brazil's state-owned oil company Petrobras for the construction support vessel Normand Fortress, in a deal worth approximately $56mn.
Brazil’s Petrobras strikes hydrocarbons in deep-water Campos Basin pre-salt well
Petrobras has identified hydrocarbons in a pre-salt exploratory well in the Campos Basin in what could represent a new addition to the country's vast deepwater reserves.
Brazil’s Petrobras may raise natural gas prices by 20% in May, distributors warn
Brazil's natural gas distributors fear Petrobras could raise the prices it charges them by around 20% starting in May, driven by the surge in global oil prices following the US-Israeli war on Iran, trade group Abegas said.
Brazil oil reserves climb again
Brazil’s proven oil reserves rose 3.84% in 2025 from a year earlier, the National Agency of Petroleum, Natural Gas and Biofuels (ANP) said, reflecting additions from new projects and revisions to existing fields.
Brazil's proven oil reserves rise nearly 4% in 2025
Brazil's proven oil reserves grew by 3.84% in 2025, year on year, as new development projects, declarations of commerciality, and field revisions added billions of barrels to the national tally.
Cuba, Russia deepen energy ties as fuel shipments arrive amid crisis
Cuba and Russia reaffirmed their strategic partnership during talks in Havana on April 9, as Moscow stepped up oil shipments to the island to ease an ongoing energy crisis, officials said
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