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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UK’s Acteon secures three-year Petrobras mooring services contract
Acteon has been awarded a three-year contract by Petrobras to deliver quality assurance and traceability services for Brazil’s state-owned oil company's mooring components inventory.
Brazil’s Petrobras, Abu Dhabi’s Mubadala advance negotiations for Bahia refinery repurchase
Negotiations between Petrobras and Abu Dhabi investment fund Mubadala regarding the future of the Mataripe Refinery in Bahia have restarted, with an initial proposal involving the state-owned oil company taking back control of the facility.
Brazil’s Petrobras suggests again naming Tupi oil field after President Lula
Brazil’s state-owned energy major Petrobras’ CEO Magda Chambriard suggested renaming Brazil's second-largest oil field in honour of President Luiz Inácio Lula da Silva, reviving a tribute reversed in 2020 after a court order.
Brazil's PPSA postpones Bacalhau oil field auction to January
Brazil’s state-owned oil and gas operator Pré-sal Petróleo (PPSA) has postponed the auction of oil produced at Equinor's Bacalhau field to 2026, the company linked to the Ministry of Mines and Energy said, without giving further details.
Brazilian prosecutors seek annulment of Petrobras pre-salt environmental licence
Brazil's Federal Public Prosecutor's Office has filed two public civil actions against state-owned energy major Petrobras and federal agencies seeking to annul a preliminary environmental licence for expanded oil exploration in the Santos Basin.
Brazil hits record oil, gas output in October on pre-salt production surge
Brazil produced a record average of 5.255mn barrels of oil and natural gas equivalent per day in October, marking the country's fourth monthly production record this year.
Brazil’s Petrobras resumes $1.5bn refinery expansion suspended by corruption scandal
Brazil’s state-owned energy major Petrobras has resumed a project to double production capacity at its Refinaria Abreu e Lima (Rnest) in the northeast nearly a decade after construction was halted amid corruption investigations.
Chevron confronts higher legal risk in Venezuela after US terror designation
Chevron Corp. and a small group of foreign oil producers are navigating a tougher landscape in Venezuela after Washington labelled the Cartel de los Soles a foreign terrorist organisation
Brazil refinery deal draws major bidders
Energy traders Mercuria Energy Group and Vitol Group are among the shortlisted bidders for a refinery and a network of fuel stations in Argentina that Raizen SA plans to sell, according to people with knowledge of the discussions.
Brazil’s Petrobras gains larger Tupi share
Petrobras has received notice from Brazil’s oil regulator ANP confirming approval of an addendum to the Production Individualisation Agreement for the Tupi shared reservoir in the Santos Basin.
TGS steps up Pelotas Basin push in Brazil
TGS has begun a 3D marine seismic survey in the Pelotas Basin as part of the Pelotas Norte Phase I programme.
Pluspetrol quadruples oil output at Argentine block
Pluspetrol announced on social media that it has quadrupled oil production at the Bajo del Choique – La Invernada block to 20,000 barrels per day in under twelve months.
Colombia's Ecopetrol maintains $7.2bn budget as Petro's exploration freeze bites
Colombian state energy company Ecopetrol approved a 2026 investment plan targeting COP22 trillion-27 trillion ($5.88bn-$7.21bn) to maintain production levels whilst President Gustavo Petro's anti-hydrocarbon policies constrain sectoral growth
Uruguay advances offshore oil exploration permits amid environmental concerns
Uruguay's government is moving to grant environmental permits to four companies for seismic exploration in its territorial waters, the first concrete steps in a controversial new phase of deep-water oil prospecting despite environmental concerns.
Two Guyanese supertankers head to India with crude shipments
Two supertankers have embarked on an 11,000-mile (17,700km) voyage from Guyana to India, signalling a significant shift in global crude flows as US sanctions on Russian oil force Asian refiners to source alternative supplies.
ExxonMobil Guyana crude production spikes in October
ExxonMobil Guyana's offshore operations delivered 841,000 barrels per day in October, according to government data. This was driven by a rapid production ramp-up at the Yellowtail development.
Argentina's Southern Energy inks LNG deal with Germany's SEFE, Camuzzi to build $3.9bn LNG export project
Argentina's Southern Energy consortium announced that it has secured a framework agreement to supply 2mn tonnes of LNG annually to Germany's SEFE over eight years starting in 2027.
Archer and YPF secure five-year drilling contract for Argentina's Vaca Muerta
Norwegian drilling contractor Archer Limited has secured a $600mn five-year contract with Argentine national oil company YPF to deploy seven advanced drilling rigs in Vaca Muerta.
Brazil's Petrobras authorised to import more natural gas from Argentina
Brazil's oil and gas regulator ANP authorised Brazilian state-owned crude major Petrobras to import up to 180mn cubic metres (cbm) of natural gas annually from Argentina for two years.
Venezuela appeals to OPEC for support as tensions with US escalate
Nicolás Maduro has called on OPEC to intervene as Venezuela faces what he describes as “growing and illegal threats” from the United States and President Donald Trump
Guyana adopts spot sales for crude from Yellowtail project
Arrow Exploration reports strong initial output from Colombia’s Mateguafa M-6 well
Arrow Exploration Corp. reported successful drilling and early production results from its Mateguafa 6 appraisal well on the Tapir Block in Colombia’s Llanos Basin, where the company holds a 50% beneficial interest
Colombia’s Ecopetrol sets 2026 capex at up to $7.2bn
Colombia’s state-controlled oil producer Ecopetrol said it will invest between COP22 trillion and COP27 trillion in 2026, equivalent to $5.88bn to $7.21bn, keeping spending broadly in line with the 2025 programme
Colombia penalises Ecopetrol CEO for breach of Petro campaign spending rules
Colombia’s electoral authority has fined officials from President Gustavo Petro’s 2022 campaign — including Ricardo Roa, now CEO of state-controlled oil company Ecopetrol — for exceeding legal spending limits
Venezuela’s Vice President calls for cooperation in energy sector
Her remarks came as she criticised the US Southern Command’s military presence, arguing that disputes over energy assets should be resolved through legal frameworks rather than force
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