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 Pemex will remain Treasury's biggest liability: UBS
Mexican state oil company Pemex will continue as the Finance Ministry's largest liability for the foreseeable future despite government rescue efforts, Swiss bank UBS warned, Bloomberg Línea reported.
Suriname's Staatsolie unveils ambitious plan to diversify energy sector
Suriname's national oil company Staatsolie announced in a press release that it will launch an "open-door offering" in November for offshore exploration areas, positioning the country to diversify its energy partnerships.
Incumbent party enjoys comfortable lead in Guyanese election poll
A recent WIC News online poll suggests Guyana's ruling People's Progressive Party/Civic (PPP/C) could secure a decisive victory in the September 1 general elections, with the country's energy future at the top of the agenda.
Golar LNG contracts Singapore's Seatrium to refurbish FLNG for Argentine project
Golar LNG has contracted Singapore-based Seatrium to refurbish its floating liquefied natural gas unit ahead of a major 20-year deployment off Argentina's Atlantic coast.
ExxonMobil enters Colombia gas import race after abandoning fracking operations
ExxonMobil is positioning itself to compete in Colombia's nascent natural gas import market through a planned regasification facility in La Guajira, marking the US energy giant's strategic pivot after exiting hydraulic fracturing ventures.
Brazil court halts sanctions under biofuels credit scheme
A federal appeals court in São Paulo has temporarily suspended penalties imposed by Brazil’s hydrocarbons regulator ANP on companies under the Renovabio biofuels programme.
Brazil shifts beef tallow to domestic biodiesel after US tariffs
Brazil’s use of beef tallow for biodiesel production is expected to increase, as domestic demand could offset a likely drop in US imports following new tariffs on Brazilian beef and by-products.
Tinubu urges Petrobras to return to Nigeria’s energy sector, seeks deeper Brazil ties
Nigerian President Bola Tinubu has called on Brazil’s state-owned oil company, Petrobras, to return to the West African country and contribute to unlocking its substantial gas reserves.
Southern Energy receives 30-year LNG export certificate in Argentina
Argentina's Ministry of Energy has granted Southern Energy SA a 30-year LNG export certificate through Resolution 353/2025, marking a significant milestone in the country's ambitions to become a major global liquefied natural gas supplier.
Guyanese government pledges second gas-to-energy plant ahead of elections
Guyana's ruling People's Progressive Party/Civic has unveiled ambitious energy expansion plans centred on the Wales Gas-to-Energy project as the September presidential election approaches.
Shell and TotalEnergies share MOL cargo vessel for Brazilian offshore operations
Mitsui O.S.K. Lines (MOL) arranged for Shell Brasil Petróleo to jointly use its SeaLoader 1 cargo transfer vessel with TotalEnergies EP Brasil, marking expanded shared utilisation of specialised offshore equipment in Brazil's Santos Basin.
Solstad Offshore secures $65mn in Brazilian and international vessel contracts
Solstad Offshore won two contracts worth $65mn combined for its Normand Turmalina and Normand Superior vessels, extending operations in Brazil and internationally through 2029.
Petrobras reaches 50mn cubic metres daily gas processing milestone
Petrobras achieved a new natural gas processing record, surpassing 50mn cubic metres per day (cbmd) on 23 August.
Nigeria and Brazil deepen cooperation as Tinubu calls for Petrobras return
Nigerian President Bola Tinubu urged Petrobras to resume operations in Nigeria during a state visit to Brasília, emphasising the company's potential role in unlocking Nigeria's vast gas resources as both nations signed several cooperation agreements.
SAAM Towage Uruguay achieves full carbon neutrality
SAAM Towage Uruguay has neutralised its entire carbon footprint and acquired carbon credits from a forestry project, marking a milestone in its sustainability programme
Elliott affiliate surges ahead in Venezuela's Citgo parent auction
An affiliate of hedge fund Elliott Investment Management has emerged as the leading bidder for PDV Holding, the parent company of Venezuela-owned Citgo Petroleum, a US court officer said
Brazil’s Petrobras awards $328mn offshore contracts to Halliburton, SLB
Brazil’s Petrobras has signed two offshore contracts worth a combined BRL1.8bn ($328.5mn) with Halliburton and SLB (formerly Schlumberger) to provide well completion services at the Búzios pre-salt field in Brazil’s Santos Basin.
Brazil ANP to offer 7 offshore blocks in Campos and Santos basins
Brazil’s ANP will offer seven offshore blocks in the Campos and Santos basins during the public session of the third cycle of the Open Acreage of Production Sharing (OPP) on October 22, 2025.
Mexico’s Pemex crude exports surge 31% following historic decline
Mexican state oil company Pemex reported a sharp increase in crude oil exports after reaching their lowest recorded levels, Bloomberg Línea reported.
Mexico’s Pemex Dos Bocas refinery sees 27% decline in petrol production
Petrol production at Mexican state-owned Pemex Dos Bocas refinery fell 27% month-on-month during July 2025, according to latest company data, Bloomberg Línea reported.
Colombia regulator confirms Shell's offshore exit as Ecopetrol gains full control
Colombia's competition regulator confirmed Shell's withdrawal from hydrocarbon exploration activities, with the British oil major transferring its 50% stake in three offshore blocks to partner Ecopetrol at no cost.
OGT2025 conference and exhibition in Ashgabat gains momentum
Preparations are gathering momentum for the landmark 30th Anniversary International Conference and Exhibition “Oil and Gas of Turkmenistan – 2025”, scheduled to take place from 22 to 24 October in Ashgabat.
Chinese firm pledges $1bn to boost oil output in Venezuela
China Concord Resources Corp. is moving ahead with a $1bn plan to revive oil production in Venezuela, aiming to lift output from two Lake Maracaibo fields to 60,000 barrels a day (bpd) by late 2026
Venezuela oil claims diverge from OPEC data in push to show recovery
Venezuela’s official oil production numbers remain at odds with OPEC’s independent assessments, highlighting the persistent opacity around the country’s energy sector
Citgo swings to $100mn profit as refining margins improve
Citgo Petroleum posted a $100mn profit in the second quarter of 2025, reversing an $82mn loss in the opening months of the year, according to figures released by the Ad Hoc Administrative Board of PDVSA
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