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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BP strikes big off Brazil
British Petroleum (BP) has confirmed its largest oil and gas find in more than two decades following the drilling of the Bumerangue well in Brazil’s Santos Basin, the company said.
OPEC+ to raise oil production in September
Eight key OPEC+ countries have announced a production adjustment of 547,000 bpd for September
Brazilian deepwater yields BP's biggest oil and gas find in decades
BP has announced its most significant oil and gas discovery in 25 years following successful drilling at the Bumerangue prospect in Brazil's deepwater Santos Basin.
Venezuela’s Cabello says US sanctions target a fiction while US quietly does oil business with Maduro
Diosdado Cabello accused the United States of hypocrisy over sanctions tied to the so-called “Cartel of the Suns,” dismissing the allegations as baseless while highlighting Chevron’s deepening commercial ties with Nicolás Maduro’s regime
Vopak to reconfigure Mexico terminal amid fuel storage demand weakness
Dutch infrastructure operator Vopak plans to partially convert its 640,000-barrel fuel terminal in Veracruz, Mexico, for chemical storage beginning in 2026, citing insufficient sustained demand for refined products storage in the region
Argentine bunker fuel sales slump in first five months of 2025
Argentina's bunker fuel sales plummeted 23% in the first five months of 2025 as operational challenges and competitive pressures weighed on the sector, though suppliers anticipate a recovery in the second half.
Weatherford lands breakthrough drilling technology contract for Mexico's Trion deepwater venture
Texas-based drilling services specialist Weatherford International has captured a pivotal multi-year assignment delivering advanced Managed Pressure Drilling solutions for the Trion deepwater petroleum project
Mexico's oil exports plunge 30% in June as Pemex crude falls 39%
Mexico's petroleum exports declined sharply in June, extending a downward trajectory throughout 2025's first half, according to fresh INEGI data, Mexico Business News reported
PDVSA Ad Hoc board faces scrutiny over legal spending and worker claims
Venezuelan economist Francisco Rodríguez has accused PDVSA’s US-based Ad Hoc Administrative Board, led by Horacio Medina, of diverting significant resources to contest legal claims by more than 20,000 former oil workers in US courts
Chevron’s Venezuela oil restart stalls as refineries await shipments
Chevron Corp. has yet to dispatch any Venezuelan crude to US refiners nearly a week after receiving authorisation from the Trump administration to resume production, leaving Gulf Coast processors in limbo amid tight global supplies
Venezuela insists Chevron must pay despite sanctions restrictions
Venezuelan Interior Minister Diosdado Cabello dismissed suggestions that Chevron's renewed operations in the country would allow the US oil major to extract crude without paying royalties
Explosives attack halts Colombia’s Caño Limón–Coveñas oil flow
Caño Limón–Coveñas pipeline, one of Colombia’s most important crude oil transport systems, with a central role in the country’s energy infrastructure and export economy, was forced to cease crude pumping following an explosives attack.
Colombia's Ecopetrol signals profit decline ahead of August results
Colombia's state-controlled oil giant Ecopetrol warned shareholders of another quarterly profit decline ahead of its August 12 results announcement.
Trinidad cuts Venezuela ties, turns to Guyana and Suriname for gas
Trinidad and Tobago has definitively abandoned its agreement with Venezuela's PDVSA for natural gas imports from the Dragon and Cocuina-Manakin fields, shifting toward energy partnerships with Guyana, Grenada, and Suriname.
Blue Water Suriname secures contract to support Noble Corporation drilling operations
Blue Water Suriname has secured a comprehensive rig agency and logistics contract to support Noble Corporation's Noble Developer drilling rig operations for Petronas in Block 52 offshore Suriname.
Petronas to drill new well offshore Suriname
Petronas is set to drill Caiman-1 in Suriname's offshore Block 52, targeting the shallower section of the prolific "Golden Lane" in a move that could significantly expand exploration opportunities in the Guyana-Suriname Basin.
Chevron granted limited licence to operate in Venezuela
Venezuela’s state oil company PDVSA is preparing to relaunch operations with its joint venture partners under conditions reminiscent of the Biden-era oil-for-debt swap model, once President Donald Trump restores key operating authorisations.
Venezuela backs regional gas integration plan, revives work on Venezuela-Colombia gas pipeline
Venezuela has called for the creation of a joint action plan for regional gas integration, framing natural gas as a transitional fuel vital to reducing emissions in Latin America and the Caribbean.
Argentina’s YPF nears offshore exploration deal with ENI in Uruguay
The agreement, expected to be finalised in the coming days, would expand a strategic partnership that began this year with joint work on liquefied natural gas
Venezuela oil return weighs on prices amid demand concerns and supply growth
Oil prices declined to a three-week low, dragged down in part by expectations that Venezuela may soon boost exports following reports the US will allow Chevron to resume limited operations in the country
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