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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Sulzer signs five-year strategic alliance with Venezuela’s PDVSA
Sulzer AG has signed a five-year strategic agreement with Venezuela’s state oil company PDVSA, creating a framework for potential orders across the producer’s operations as the country seeks investment to expand and modernise its energy industry
Putin says Russia ready to extend billions in Venezuela energy investment
Russia is prepared to continue investing in Venezuela’s energy industry, where Russian companies have already committed billions of dollars, President Vladimir Putin said at a gas-exporting nations summit in Moscow
UK warns Trump of economic impact of Argentina’s Falklands measures
British Prime Minister Andy Burnham told US President Donald Trump on October 23 that Argentina’s measures against companies involved in oil exploration around the Falkland Islands could have economic consequences for both countries.
S&P upgrades Golar LNG to B+ on improving Argentina outlook
S&P Global Ratings has upgraded Golar LNG Limited’s credit rating to B+ from B, citing improving economic and financing conditions in Argentina, where the floating liquefied natural gas (FLNG) operator expects to concentrate operations.
Ecuador orders oil and mining projects above 10MW to generate all their own power
Ecuador has told oil and mining projects with electricity demand above 10 megawatts (MW) to install self-generation systems covering 100% of their needs.
TotalEnergies plans to expand oil and gas exploration in Argentina
TotalEnergies plans to broaden oil and gas exploration in Argentina, including offshore prospects in the Malvinas basin, conventional deposits in Tierra del Fuego and dry shale gas in Vaca Muerta.
NABEP lifts Venezuela oil output as it prepares to double active rigs
North American Blue Energy Partners has increased oil production in Venezuela by about 20,000 barrels per day (bpd) since August and plans to double the number of active rigs in its projects
Machado’s homecoming adds pressure on US-backed talks in Venezuela
Venezuelan opposition leader María Corina Machado is willing to meet interim President Delcy Rodríguez, her party’s spokeswoman said, as her return after 10 months in exile adds pressure to negotiations over the country’s political future.
Guyana announces ExxonMobil's Rockhead-1 well discovery, expanding hydrocarbon portfolio
The exploration momentum within Guyana’s prolific Stabroek Block continues to accelerate, with the national government officially confirming the new Rockhead-1 hydrocarbon discovery.
Argentina's Neuquén achieves 31.28% reduction in methane emissions despite oil output surge
Argentina’s Neuquén province has successfully decoupled hydrocarbon production growth from greenhouse gas emissions in the Vaca Muerta shale formation, data from the Ministry of Tourism, Environment and Natural Resources showed.
Chevron targets Argentina's Vaca Muerta with $13.8bn in oil investment
US energy major Chevron has identified Argentina’s Vaca Muerta shale formation as its next hydrocarbon frontier, planning a proposed $13.8bn, 30-year investment plan currently awaiting government approval.
SLB's OneSubsea, oil majors complete all-electric subsea tech project in Brazil
OneSubsea, a joint venture backed by SLB Aker Solutions and Subsea7, has completed a joint industry project in Brazil with TotalEnergies, Equinor, BP and Chevron to develop fully electric subsea production technology.
Peru's Petroperú to save $180mn yearly on Ecuadorian crude
Peru's state oil company Petroperú expects to save as much as $180mn a year by buying crude directly from Ecuador's Petroecuador.
Peru awards oil block 207 to China's SPT Energy
Peru has handed onshore oil block 207, in the country's northwest, to China's SPT Energy.
Cheiron signs Block 192 licence to enter Peru
Cheiron has signed a licence for Block 192, the largest oil concession in Peru by reserves, the energy company announced on October 24.
Mexico's Pemex breaches own rules on no-tender contract spending
Mexico's state oil company Pemex handed out 74% of the money it spent on contracts last year without holding open tenders.
Mexico targets fuel middlemen in illegal trade crackdown
Mexico is weighing legal changes to restrict fuel intermediaries after officials uncovered MXN61.7bn in unexplained fuel transactions in 2025.
Argentina set to overtake Guyana in oil output
Argentina could displace Guyana as South America's third-largest liquids producer by 2028.
Viridien eyes 2027 for Guyana seismic reprocessing results
Viridien (Euronext Paris: VIRI) expects to deliver the first results from its reprocessing of over 10,000 square kilometres of legacy 3D seismic data off Guyana in the opening quarter of 2027.
Guyana's Liza Unity design anchors SBM Offshore's 14-hull FPSO programme
SBM Offshore (AMS: SBMO) will soon have ordered 14 Fast4Ward hulls, building on a design first deployed on the Liza Unity floating production unit off Guyana.
Guyana drilling boosts SLB Latin America revenue
Oilfield services group SLB (NYSE: SLB) posted Latin America revenue of $1.75bn for the third quarter of 2026, a 2% rise on the previous three months, as drilling picked up in Guyana.
Chevron halts funding for Guyana deep-water port studies
Chevron (NYSE: CVX) has stopped paying for studies on a proposed deep-water port in Guyana, a project valued at up to $2bn.
Colombia's Avianca outlook turns negative as fuel costs threaten cash flow
Fitch Ratings has maintained Avianca Group International’s credit ratings at B+ but changed its outlook to Negative, warning that elevated fuel costs and weaker cash generation could strain the Colombian airline’s financial flexibility in 2027
Rubio urges Cubans to work with CIA as Trump renews pressure
US Secretary of State Marco Rubio has urged Cubans seeking political change to cooperate with the Central Intelligence Agency, as President Donald Trump renewed warnings that Washington would turn its attention to Cuba

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