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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Mexico's US gas imports hit record 218 mcm per day in August
Mexico bought a record 7.71bn cubic feet (bcf) per day, or 218mn cubic metres (mcm) per day of natural gas from the US in August, up 4.3% year on year, according to the US Energy Information Administration (EIA).
Noble to start TotalEnergies drilling off Suriname in 2026
Noble Corporation (NYSE: NE) will deploy two offshore rigs to drill for TotalEnergies (EPA: TTE) off Suriname from December 2026.
Touchstone tests Trinidad gas and oil wells
According to an October 29 report by OilNow, Touchstone Exploration (TSX/AIM: TXP) recorded gas flow rates of up to 6,800 mcf/d (thousand cubic feet per day) during testing of the Carapal Ridge-3 (CR-3) well, located in Trinidad...
Petrobras refineries near full capacity as company makes third Equatorial Margin find
Brazilian state oil firm Petrobras ran its refineries at 98% of capacity in October and expects utilisation to stay close to the operational limit for the rest of the year, as it seeks to cut fuel imports.
Singapore's Seatrium secures $156mn FPSO deal from SBM Offshore
SBM Offshore (Euronext: SBMO) has awarded Singapore-based Seatrium (SGX: 5E2) a deal valued at over SGD200mn ($156mn) to carry out integration work on an FPSO vessel, a floating production, storage and offloading unit, destined...
Guyana offshore oil fields pass major output milestones
Liza 1, the first oil development off Guyana's coast, has produced more than 300mn barrels in total.
Petrobras hits record production
Brazil's Petrobras has reported record quarterly production and exports, while running its refineries close to full capacity, with a third oil discovery in the Equatorial Margin
US Democrats probe Trump administration's role in Flavio Bolsonaro's flight from Brazil
Brazil's Petrobras posts record oil and gas output
Petrobras (NYSE: PBR) produced a record 3.512mn barrels of oil equivalent per day (boed) in the third quarter of 2026, an 11.7% increase on the same period a year earlier.
Brazil's Petrobras seeks biomethane suppliers ahead of 2027
Petrobras (B3: PETR4, NYSE: PBR) has opened a call for proposals to buy biomethane under contracts lasting up to 10 years, with supplies to begin in 2027.
Mexico's Esentia eyes Manzanillo for new LNG export projects
Mexican pipeline operator Esentia has identified the port of Manzanillo, in Colima state, as a strategic site for new liquefied natural gas (LNG) export projects, as other Pacific coast schemes run into environmental and regulatory hurdles.
Lula's re-election keeps Brazil's oil policy on steady course
Brazilian President Luiz Inacio Lula da Silva's unexpected re-election is set to bring continuity to the country's oil and gas policy and to the plans of state-controlled Petrobras.
Ecuador signs framework deal with UAE's ADNOC to draw oil investment
Ecuador has signed a framework agreement with the government of the United Arab Emirates, state oil company Abu Dhabi National Oil Company (ADNOC) and international firms to attract investment into its hydrocarbons sector.
Mexico's Pemex posts $2.1bn nine-month loss despite highest oil prices since 2022
Mexico's state oil company Petróleos Mexicanos (Pemex) booked a net loss of MXN38.76bn (around $2.1bn) in the first nine months of 2026, its third consecutive year in the red over the period, even though oil prices have been at their highest .
Brazil’s Petrobras confirms third oil discovery in ultra-deep waters off Amapá
Brazilian state-owned oil company Petrobras has confirmed a third oil discovery in the Morpho exploration well, located in block FZA-M-59 off the coast of Amapá state, in the Foz do Amazonas Basin.
Venezuela’s new envoy pays court in Washington as US tightens grip
Venezuela’s newly appointed Foreign Minister Oliver Blanco met US Secretary of State Marco Rubio in Washington on November 2, in the latest sign of the US’s growing sway over Caracas.
Argentina’s Sea Lion case faces jurisdiction hurdle over Falklands sovereignty, expert warns
Argentina’s legal challenge against the United Kingdom over the Sea Lion oil project north of the Falkland Islands could be rejected if the International Tribunal for the Law of the Sea (ITLOS) determines that the dispute falls outside its remit.
ExxonMobil eyes Guyana production explosion beyond 2030
ExxonMobil expects its operations offshore Guyana to remain a central driver of the company’s global production growth well beyond 2030.
YPF expects Argentina LNG project to drive local production through $130bn investment
Argentina’s national oil company YPF is orchestrating a massive $130bn capital injection to transform Argentina into a dominant global energy exporter by 2031 through the landmark Argentina LNG project.
Chevron targets high-impact oil and gas exploration in Suriname
Chevron is preparing for a massive wave of high-impact offshore exploration in Suriname, signalling a strategic acceleration within the prolific Guyana-Suriname basin.
Lula's re-election in Brazil may signal uncertainty in natural gas
WHY The gas market may be liberalised, but government divisions may hinder the scope and pace.
Colombia lifts gas supply restrictions after SPEC terminal restores capacity
Colombia’s government lifted temporary restrictions on natural gas supply after the SPEC LNG regasification terminal in Cartagena restored its full available capacity of 533mn cubic feet per day (15.09mn cubic metres per day)
Venezuela’s oil ambitions hinge on bringing skilled workers back
nergy companies seeking to expand production are confronting a depleted labour pool, while the compensation available in the country remains far below what many Venezuelan professionals can earn overseas
Machado pledges to honour Venezuela oil contracts, seeks new investment rules
María Corina Machado said a future Venezuelan government would respect legally signed oil contracts while calling for changes to the regulatory framework to attract private investment and rebuild the energy industry
Trump’s Venezuela oil deal faces operational and financial hurdles
North American Blue Energy Partners (NABEP), the little-known company selected to develop 17 Venezuelan oilfields under a US-backed agreement, faces significant operational and financial challenges as it seeks to raise production beyond 1mn bpd
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