LatAmOil - Latin America Oil & Gas

Brazil’s Braskem bets on polymers price recovery, agrees $3.7bn debt overhaul

Braskem is pressing ahead with plans to ramp up production and lift plant efficiency to 85% by December, while simultaneously banking on a multi-year price recovery to underpin a $3.7bn debt restructuring agreed.

Brazil faces trade-off between fossil fuel phaseout and tax revenue, says Petrobras CEO

The CEO at Brazil's state-owned oil company Petrobras said the country must choose between moving away from fossil fuels and preserving the tax revenue the sector generates, in remarks that highlight tensions in Brazil's climate policy.

Energy consultancy ABL opens new Bahia office to expand Brazil asset integrity services

UK energy and marine consultancy ABL has opened a new office in Salvador, Brazil’s state of Bahia, expanding its footprint in the country as it targets growing demand from the oil and gas, maritime, and industrial sectors.

TGS and SLB launch 13,500 sq km seismic survey in Brazil's Pelotas Basin

Norwegian energy data company TGS and oilfield services group SLB have launched a multi-client 3D seismic survey covering approximately 13,500 square kilometres in the Pelotas Basin offshore southern Brazil.

France's GreenYellow expands Colombia industrial solar footprint with new Meta project

GreenYellow Colombia has commissioned a 1.45MWp self-generation solar park for Cerámica Industrial del Meta (CIMET) in Acacías, Meta department, a project expected to generate about 2.2GWh of electricity annually and supply around 30%

Colombia gas reserves shrink as offshore prospects offer supply hope

Colombia's proven natural gas reserves fell 16.8% in 2025 to 1,717bn cubic feet (48.62bn cubic metres), reducing the country's reserve life to 5.9 years at current production rates, while oil reserves slipped 0.7% to 2.02bn barrels

Guyana defies the global exploration drought

Guyana defies the global exploration collapse. As high-impact drilling hits a historic low, the maturing Guyana-Suriname basin shifts from frontier wildcatting to surgical extraction, with Exxon’s Stabroek block pumping 900,000bpd.

Pemex restarts operations at Olmeca refinery after power disruption

State oil company Petróleos Mexicanos (PEMEX) said operations would restart at their Olmeca refinery in Tabasco after a power disruption forced its shutdown on June 24.

Reports show Mexican government support for Pemex generates net fiscal loss

A recent multilateral report by various Mexican government agencies shows that federal support for Petróleos Mexicanos (Pemex) has produced a net fiscal loss for the country.

Vaca Muerta records three new tremors as Neuquén’s 2026 seismic count rises

Venezuela’s Amuay refinery halts operations after power outage

Venezuela’s largest refinery, the 645,000-barrel-per-day (bpd) Amuay facility, was forced to shut down after a power outage on June 28

Gold Reserve commits $1mn to Venezuela earthquake relief

Gold Reserve Ltd. said it will donate $1mn to support emergency relief and reconstruction efforts in Venezuela following the catastrophic earthquakes that struck the country on June 24

Shell pledges $5mn for Venezuela earthquake relief

Shell said it will provide $5mn in humanitarian assistance to support relief and recovery efforts in Venezuela following the earthquakes that struck the country on June 24

Brazil’s JBS steps up biomethane investment

JBS and Âmbar Energia will invest BRL65mn to expand biomethane production from waste generated at Friboi facilities, aiming to almost quintuple output for use in the group's industrial operations and transport network.

Brazil’s oil export tax delivers first revenue boost

Brazil's temporary export tax on crude oil generated BRL1.05bn ($200mn) in federal revenue in May, marking the first proceeds from the levy introduced in March.

Perenco moves to revive idle Brazil oil platforms

French engineering company DORIS is supporting Perenco Brazil in the redevelopment of two offshore platforms in Brazil's Campos Basin that have been idle since 2020.

Brazil taps oil windfall to cushion fuel prices

Brazil used windfall oil-export revenues generated by a spike in crude prices after US and Israeli strikes on Iran to cushion the impact of higher fuel costs on consumers, Planning and Budget Minister Bruno Moretti said.

Colombia vehicle exports jump 191% in first four months

Colombia new-car sales jump 50.1% in first half as electric vehicles surge 235% to four in ten registrations

Ecuador adds 35,000 bpd of crude capacity via Petroecuador campaign, ministry says

Ecuador added 35,000 barrels of crude production capacity in the first five and a half months of 2026 through a sustained campaign of drilling.

Argentina’s Néstor Kirchner gas pipeline generated $9bn in savings over three years, report says

Argentina’s Néstor Kirchner gas pipeline, now renamed Perito Moreno, generated cumulative savings of $9.1bn over its first three years of operation by reducing energy imports.

Colombia wins WorldCup — claims global butterfly competition crown with record species documentation

Cuba reforms face investment confidence test despite sweeping liberalisation

Fitch confirms BB rating on Colombia's Promigas' $920mn hybrid bond issue

Fitch Ratings assigned a final BB rating to Promigas and its Peruvian co-issuers' $920mn subordinated hybrid notes, confirming its earlier expected rating after reviewing the final transaction documents, the agency said

Cuba responds to fresh US sanctions calling the measures "a crime"