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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Japan turns to Brazil oil
Japan is looking at Brazil as a possible supplier of crude oil as conflict involving the United States, Israel and Iran disrupts flows through the Strait of Hormuz, Economy Minister Ryosei Akazawa said.
Brazil deepwater moves ahead
ABL Energy & Marine Consultants Brasil has been selected as marine warranty surveyor for Subsea7’s transport and installation campaign tied to the Mero 3 and Mero 4 offshore projects in Brazil’s Santos Basin.
Brazil’s Petrobras to raise production in Bahia state
Petrobras plans to raise oil and gas production in the state of Bahia to 30,000 barrels of oil equivalent per day, more than double current levels, as part of a broader investment programme focused on exploration, refining and biofuels.
ExxonMobil returns to Guyana's Canje block with ultra-deepwater well after four-year hiatus
Argentina approves TGS for $550mn gas pipeline expansion under RIGI
Argentina’s economy ministry has approved Transportadora de Gas del Sur to join the country’s large-investment incentive scheme, known as RIGI, for a $550mn expansion of the Perito Moreno gas pipeline.
Brazil launches fuel subsidies as tax cut proposal stalls in Congress
Brazil will provide direct subsidies to gasoline producers and importers, and later to diesel suppliers, after a government proposal to cut federal fuel taxes stalled in Congress.
TanGo secures three Vaca Muerta shale concessions in Argentina
TanGo Energy Argentina has entered Argentina’s Vaca Muerta shale formation after obtaining three unconventional oil and gas concessions in Río Negro Province, marking a new investment in one of the country’s key energy-producing regions.
Argentina's YPF plans $25bn Vaca Muerta project focused entirely on crude exports
YPF has announced a $25bn investment plan under Argentina’s large investment incentive regime to expand production in Vaca Muerta, with all crude output from the project set to be exported.
Eco Atlantic moves closer to expanding Falklands offshore stake through JHI acquisition
Eco Atlantic Oil & Gas said it has moved a step closer to completing its acquisition of JHI Associates after JHI secured a final court order approving the transaction.
GeoPark seeks RIGI approval for $1bn Vaca Muerta investment in Argentina
GeoPark has applied to join Argentina’s large investment incentive regime with a plan to invest more than $1bn in the Vaca Muerta shale formation, aiming to expand oil output sharply over the next three years.
Mexico’s Pemex reports brief fire at Olmeca refinery during maintenance, quickly contained
Venezuela unveils draft oil rules to guide foreign investment push
Venezuela has begun circulating draft regulations linked to its newly approved hydrocarbons law, providing fresh details on how private companies would operate in the country’s oil and gas sector as Caracas moves to loosen decades of state control
PDVSA opens probe after explosion sparks fire at Venezuela's Lake Maracaibo facility
Petróleos de Venezuela (PDVSA) confirmed a fire at an oil installation in Lake Maracaibo after an explosion at a gas compression plant left six workers injured, adding to a series of recent incidents affecting the country’s energy infrastructure
Trump-linked investment firm launches $200mn SPAC focused on Venezuela
The initiative was registered with the US Securities and Exchange Commission as part of a broader strategy targeting Latin American markets viewed as entering a phase of economic recovery and renewed investment activity
Venezuela could sustain 4mn barrels a day for decades, banker says
Venezuela possesses the geological and technical capacity to raise oil production to as much as 4mn barrels per day (bpd), although reaching those levels would require years of infrastructure rebuilding and operational recovery
Brazil’s Petrobras pushes refineries past limits
Petrobras said its refineries operated at 95% utilisation in the first quarter of 2026 as Brazil seeks to expand domestic fuel production and cut reliance on imported petroleum products.
Brazil expands oil block offer
Brazil’s oil regulator ANP released an updated version of its Permanent Concession Offer notice, adding 45 exploration blocks and raising the total number of areas available in future bidding rounds to 495.
Colombia oil industry warns tax pressure could push investment to Venezuela
Colombia’s oil industry is warning that rising taxes, falling profitability and mounting regulatory uncertainty could drive companies and specialised workers towards Venezuela, after weaker first-quarter results at Ecopetrol renewed concerns
CIA chief visits Cuba as fuel crisis deepens under US pressure
CIA Director John Ratcliffe travelled to Cuba for talks with senior Cuban officials as the island faced worsening blackouts and declared it had exhausted its oil reserves amid tighter US pressure
US tightens Cuba sanctions as Havana warns of ‘bloodbath’
Cuba warned on May 19 that any military action by the United States would trigger a “bloodbath”, after Washington imposed fresh sanctions on senior Cuban officials and state entities while speculation mounted over possible tougher measures
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