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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Liberty Bay weighs Argentina or Mexico for $1bn floating LNG project
US-based Liberty Bay FLNG is finalising plans for a $1bn floating liquefied natural gas project that could be built in either Argentina or Mexico, targeting start-up in late 2029 or early 2030, as the company seeks to capitalise on rising demand.
Shell awards Brazil offshore contract
Shell has selected New Wave Offshore Energy to deliver marine warranty survey services for the Orca development in Brazil’s pre-salt Santos Basin.
Cuba targets 40% renewable energy share by 2035 amid fuel crisis
Cuba said it expects renewable sources to account for 15% of national electricity generation in 2026 as the Caribbean island accelerates a long-term energy transition strategy aimed at reducing fuel imports and chronic power shortages
Colombia crosses 70% clean energy threshold, ranks fourth in South America
Colombia's clean energy share surpassed 70% of its total power mix as of May 9, making it the fourth country in South America by renewable energy uptake, according to the Mining and Energy Planning Unit (UPME)
World oil inventories falling fast towards hard operational floor
The world's oil buffer is disappearing faster than at any point in recorded history. Two months into the near-closure of the Strait of Hormuz, global inventories are drawing down at a pace that has already exceeded the previous quarterly record.
Vaca Muerta growth fails to offset oil sector job losses in Argentina
Argentina’s booming Vaca Muerta shale formation has boosted oil production, exports and foreign currency inflows under President Milei’s administration, but the expansion has yet to translate into sustained job creation in the energy sector.
Vista Energy closes $712mn acquisition of Equinor assets in Vaca Muerta
Vista Energy said on May 7 it had completed the acquisition of non-operating stakes in two oil and gas blocks in Argentina’s Vaca Muerta shale formation from Equinor in a deal valued at $712 mn.
YPF prepares major RIGI application for Vaca Muerta LNG expansion
Argentina’s state-controlled energy company YPF is preparing to submit a major application under the government’s RIGI investment incentive regime for natural gas developments linked to its liquefied natural gas export strategy in Vaca Muerta.
Argentina’s YPF returns to profit in Q1 on stronger oil prices and shale growth
Argentina’s state-controlled oil company YPF posted a net profit of $409 mn in the first quarter of 2026, reversing a $10 mn loss recorded a year earlier.
PetroTal triples profit forecast as Peru oil field gears up for drilling comeback
PetroTal triples its 2026 profit forecast after a strong first quarter, as Peru's top oil producer prepares a major drilling campaign to push output back towards 20,000 bopd by 2027.
TotalEnergies calls Guyana-Suriname basin among world's most active as low-cost output grows
Mexico sends first fuel oil cargo to Asia in nine months as Iran war reshapes trade flows
Brazil Supreme Court oil royalty ruling suspended after justice seeks more time
A Brazilian Supreme Court vote favouring oil-producing states in a long-running royalty dispute was suspended after Justice Flávio Dino requested additional time to review the case, extending uncertainty over the matter after 13 years unresolved.
Brazil’s gas distributor Compass IPO ends nearly five-year B3 stock market drought
Brazilian gas distributor Compass Gas e Energia priced a BRL3.2bn ($650mn) initial public offering (IPO) on May 7, ending a nearly five-year absence of new listings on the country's B3 stock exchange.
Brazil sets export record in April as Middle East conflict lifts oil prices
Brazil set a record for monthly exports in April, driven by higher oil prices stemming from the prolonged conflict in the Middle East.
Weatherford wins managed pressure drilling contract for Brazil's Búzios Field
Weatherford International has been awarded a contract by Ventura Offshore Holding to provide managed pressure drilling (MPD) technology and services for offshore operations in Brazil's Búzios Field.
Brazil sees biofuel boost
Brazil’s biofuels sector could add as much as BRL403.2bn ($82.3bn) to the country’s gross domestic product between 2030 and 2035, according to a study released by the Getulio Vargas Foundation (FGV).
Shell urges Brazil stability
Brazil must improve the predictability and pace of its oil investment framework to remain competitive as global capital allocation becomes more selective, Shell executive Pablo Tejera Cuesta said during the Offshore Technology Conference in Houston.
Cuba says US pressure choking fuel imports as energy shortages deepen
Cuba accused the United States of intensifying pressure on foreign fuel suppliers after only one oil shipment reached the island in the past four months, Foreign Minister Bruno Rodríguez said

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