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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Saipem EPCI contract approved for ExxonMobil Guyana's Hammerhead project
Italian offshore energy services firm Saipem has received authorisation to proceed with the engineering, procurement, construction and installation contract for ExxonMobil's Hammerhead oil field development, offshore Guyana
Guyana issues four production sharing agreements, driving offshore exploration
Guyana is set to issue four production sharing agreements in October as part of its first offshore licensing round, Natural Resources Minister Vickram Bharrat announced during an appearance on the Starting Point podcast.
Chevron to commence drilling at Suriname offshore block, marking entry into local oil sector
US energy major Chevron is set to commence drilling at Suriname's offshore Block 5 later in October, marking a significant expansion of operations in the emerging South American oil and gas frontier.
Saving USMCA greatest economic challenge of Mexico president's mandate
Pemex could cut debt to $78bn by 2027, says Moody's
Pemex's strategic plan for 2025 to 2030 contains conditions to reduce the oil company's debt to $78bn, but only if it assumes no additional debt in the future, Moody's corporate finance analyst Roxana Muñoz said, El Economista reported.
Brazil shuts Refit’s refinery in Rio, starts probe over laundering allegations, safety violations
Brazil's oil and gas regulator, ANP, has halted operations at Manguinhos Oil Refinery, operated by Refit, following investigations into suspected money laundering, commercial irregularities and security breaches.
SLB awarded completions deal for ultra-deepwater Brazil’s Petrobras project
SLB has landed a significant contract from Brazil’s national oil company (NOC) Petrobras to deliver technology and services for up to 35 ultra-deepwater wells in Brazil's Santos Basin.
Mexico's Pemex debt estimated at $80bn in third quarter
Mexico-bound FSO Chalchi enters construction phase
Mexico rolls out QR code, GPS rules for fuel trucks
Mexico's government issued new rules on September 24 for tank trucks transporting petrol, diesel and LPG as part of efforts to curb illicit fuel distribution, Argus Media reported.
Venezuela condemns Guyana’s UN statements amid Essequibo dispute
Chevron curbed by new US limits on Venezuelan oil exports
Maduro urges Venezuelans to cut imports and rely on domestic output
Colombia’s former Ecopetrol director questions presidential influence on nation’s oil giant
Colombia's state oil champion faces mounting governance concerns as former board member Juan José Echavarría criticised presidential overreach in corporate decision-making.
Brazil’s Petrobras clears hurdle for Amazon offshore drilling licence
Petrobras advanced towards obtaining a licence to drill in an environmentally sensitive offshore area of the Amazon basin after the country’s environmental agency, Ibama, approved its pre-operational emergency response tests.
TechnipFMC wins big subsea deal with Brazil’s Petrobras
TechnipFMC has won a contract valued between $75mn and $250mn with Brazilian oil company Petrobras for the supply of subsea production systems, the company said.
Exxon Mobil, Brazil’s Petrobras push back on Saipem7 deal
Exxon Mobil, Petrobras and TechnipFMC have asked Brazil’s antitrust authority Cade to review the planned merger of subsea contractors Subsea7 and Saipem, according to filings.
Venezuela’s oil standoff draws in US, China and Europe
US military patrols targeting suspected drug shipments off Venezuela’s coast have become the latest flashpoint in a conflict that extends far beyond narcotics.
Suriname seeks debt relief ahead of IMF-backed oil boom in 2028
Suriname’s government is in discussions with creditors and global lenders to push back debt payments, aiming to align obligations with the start of oil revenues expected later this decade
Guyana's Noble Tom Madden continues Uaru development drilling
Maersk, GTI partner to deliver training for Guyana workforce
Maersk Training is partnering with Global Technology Incorporated (GTI), an academic centre in Guyana, to strengthen local training and workforce development, OilNOW reported.
Borders & Southern Petroleum reports losses amid Falkland Islands oil exploration
Borders & Southern Petroleum reported narrowed operating losses and strengthened its financial position during the first half of 2025, as the company advances farm-out discussions for its Darwin oil discovery in the Falkland Islands.
TotalEnergies extends contract with DOF Group for Argentine offshore vessel
TotalEnergies has extended its partnership with Norwegian offshore vessel operator DOF Group, securing the Skandi Patagonia construction support vessel for continued operations in Argentina through a new three-year contract.
Mexico maintains fuel tax burden as SHCP extends stimulus freeze
Mexico's Finance Ministry (SHCP) will maintain the suspension of fiscal stimulus on petrol and diesel for another week, marking 24 consecutive weeks without this support, Mexico Business News reported.
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