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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US disposes of two Venezuela-linked tankers in India scrap deal
Two oil tankers taken into US custody after Washington’s operation in Venezuela have been sold to a ship recycler and are headed for demolition in India, according to Lloyd’s List
Colombia’s De La Espriella signals oil and gas revival, keeps energy transition
Colombia’s new president, Abelardo de la Espriella, signalled a major shift in energy policy, pledging to revive oil and gas production, rebuild state-controlled Ecopetrol and strengthen the electricity system while maintaining a transition
Colombia’s oil, mining sectors seek faster investment approvals under new government
Colombia’s oil and mining industries are preparing billions of dollars in potential investment after years of weaker exploration, but companies are urging President-elect Abelardo de la Espriella’s incoming administration to move quickly
Belgian Exmar advances Colombia LNG import project with converted FSU
Belgian shipowner Exmar is advancing the conversion of an LNG carrier into a floating storage unit for a gas-import project in Colombia, with operations expected to begin in the third quarter of 2026
GeoPark targets Vaca Muerta growth as Colombia costs rise
GeoPark reported second-quarter revenue of $143.3mn, up 12% from the previous quarter, as stable Colombian production and faster development in Argentina supported its Latin American oil-and-gas portfolio
Fifteen companies vie for Argentine blocks in bidding war
Neuquén province's first unconventional bidding round in six years has attracted at least 15 companies, both North American majors and local independents.
TechnipFMC drilling equipment departs for Suriname's landmark GranMorgu project
TechnipFMC has advanced critical infrastructure milestones on Suriname's inaugural offshore oil development, delivering subsea equipment and installing floating production vessel connection components.
Vessel for Southern Energy's Argentine LNG project enters final preparations
The Hilli Episeyo, a floating liquefaction unit destined for Southern Energy's LNG project, departed Cameroon for Singapore refurbishment ahead of deployment off Río Negro's coast by mid-2027.
Peru oil output remains structurally weak despite July uptick
Peru’s crude output edged higher in July but remained 23% below last year’s level. Production is concentrated in a handful of blocks, while weak exploration threatens to deepen the country’s reliance on imported hydrocarbons.
PetroTal keeps Peru output ahead of plan as drilling restart nears
PetroTal is keeping Peru oil output ahead of budget, with first-half production 3% above plan. But sustaining growth will depend on well maintenance and the planned October restart of development drilling at Bretana.
Petroperú brings back Oliver Stark as financial crisis tests new board
Petroperú returns Oliver Stark to the chair as the state oil company faces persistent liquidity, governance and operational pressures despite a return to profit in the first half of 2026.
Vista seeks RIGI incentives for $5.8bn Vaca Muerta shale project
Vista Energy has applied to include its $5.8bn Bandurria Norte shale oil development in Argentina’s Large Investment Incentive Regime (RIGI), in what would become the largest single project submitted under the programme.
YPF posts record $1.21bn quarterly profit on shale growth and stronger oil prices
Argentina’s oil company YPF reported a net profit of $1.21bn for the second quarter of 2026, up sharply from $58mn a year earlier, as higher shale production, record refining activity and stronger international oil prices boosted earnings.
Guyana’s Uaru project moves into a critical offshore execution phase
Guyana’s Uaru project is entering a decisive offshore phase, with subsea installation under way ahead of the Errea Wittu FPSO. The development could lift national oil output beyond 1mn bpd before the end of 2026.
Guyana’s offshore expansion opens new contracting front for local firms
Guyana’s oil boom is generating a wider offshore-services market, with SBM Offshore seeking contractors for surveying, fabrication and mechanical work across four FPSOs.
Guyana turns to seismic data to widen its offshore exploration frontier
Guyana is extending its offshore exploration strategy into shallower waters as Viridien and BGP acquire new 3D seismic data aimed at reducing geological uncertainty and strengthening the basis for future licensing.
AEC backs Venezuela’s push to attract upstream investment
Venezuela is seeking to attract more upstream investment as recent reforms provide a clearer framework for oil and gas development, the African Energy Chamber said after meetings with senior Venezuelan officials.
UK’s Centrica delivers first LNG cargo to Honduras
British energy trader Centrica has delivered its first LNG cargo to Honduras.
Brazil’s Petrobras eyes earlier P-80 oil start
Petrobras is seeking to bring forward the start of oil production from its P-80 platform at the Búzios field to the first quarter of 2027, from the second quarter currently planned.
Trump administration pressures Florida oil donor to exit Venezuela
The Trump administration is moving to force Florida oil executive and Republican donor Harry Sargeant III to unwind his investments in Venezuela, freezing assets tied to his offshore company while allowing him to sell his interest
Venezuela crude output rises 11% from year earlier, PDVSA data show
Venezuela’s crude production climbed 11% from a year earlier to 1.221mn barrels per day (bpd) in July, although output fell 3% from June, according to figures from state oil company PDVSA
Argentina LNG vessel begins final preparation phase for Río Negro export project
The Hilli Episeyo, the first floating liquefied natural gas vessel for Southern Energy’s Argentina LNG project, has left Cameroon for Singapore for refurbishment before its planned arrival in Río Negro in mid-2027.
Argentina's YPF raises $405mn from sale of mature oil fields in Mendoza
Argentina’s YPF has agreed to sell two groups of mature oil fields in Mendoza for a combined $405mn as part of its Plan Andes divestment programme aimed at reducing exposure to conventional production.
Bolivia intervenes in state oil firm YPFB, launches anti-corruption drive over fuel shortages
Bolivia's government intervened in state oil company Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) on August 5 and announced a restructuring of public hydrocarbons firms.
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