LatAmOil - Latin America Oil & Gas

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Oil & Gas

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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Brazil’s Petrobras next-generation FPSO construction commences at Seatrium shipyard

18 June 2025

Construction of topside modules for a floating production, storage and offloading (FPSO) unit destined for Brazil’s national oil company (NOC) Petrobras operations in the Santos Basin operations has begun at Seatrium's shipyard in Angra.

Brazil’s Petrobras awards Prosafe $204mn contract for Safe Notos accommodation vessel

18 June 2025

Prosafe has been awarded a $204mn contract with Brazil’s national oil company (NOC) Petrobras for its Safe Notos semi-submersible accommodation vessel, which will provide safety and maintenance support operations offshore.

Brazil offshore auction draws record bonus and big names

18 June 2025

Brazil’s National Agency of Petroleum, Natural Gas and Biofuels (ANP) awarded exploration rights for 34 blocks to nine companies in the 5th Permanent Concession Offer Cycle.

Brazil minister targets high gas prices

18 June 2025

Brazil’s Mines and Energy Minister, Alexandre Silveira, criticised the country’s natural gas prices, describing them as “absurd” and warning of negative impacts on energy-intensive sectors including steel, petrochemicals, glass and ceramics.

ExxonMobil ramps up drilling in Guyana’s Stabroek block ahead of freeze on new oil contracts

18 June 2025

ExxonMobil has intensified exploration in Guyana’s prolific Stabroek block with the drilling of two key appraisal wells, Lukanani-2 and Hamlet-1, as it races to unlock further reserves ahead of the country's political freeze on new oil agreements

Argentina on path to achieving energy self-sufficiency, Rystad Energy claims

18 June 2025

Argentina's Vaca Muerta shale formation achieved remarkable production growth in Q1 2025, driving the country's ambitions for energy self-sufficiency and positioning it as a potential major liquefied natural gas exporter, according to Rystad Energy.

TotalEnergies' drilling in Suriname's Macaw-1 well draws rivals' interest

18 June 2025

TotalEnergies' ongoing drilling of the Macaw-1 well in Suriname's Block 64 has refocused attention on the Demerara Shelf, signalling a strategic shift in regional exploration priorities.

Mexico launches fuel tracking system as Sheinbaum targets illegal imports

18 June 2025

Mexico has launched a digital fuel tracking platform as part of a sweeping strategy to combat the rampant illicit trade in imported fuel, a practice known locally as huachicol fiscal.

Argentina's YPF continues divestment programme in push toward Vaca Muerta exploration

18 June 2025

Argentina's state oil company YPF has announced the continuation of its Andes Project divestment program, approving the transfer of 12 additional conventional oil areas as part of its strategic shift toward Vaca Muerta shale operations.

ExxonMobil begins drilling new exploration well offshore Guyana

18 June 2025

ExxonMobil has commenced drilling the Hamlet-1 exploration well in the southeastern section of Guyana's Stabroek Block, targeting an area near the Suriname border that has previously yielded more natural gas than oil.

Guyana focuses on skills and innovation to secure long-term oil benefits

18 June 2025

As Guyana’s oil sector accelerates, President Irfaan Ali has shifted the narrative from production metrics to strategic capacity-building.

Mexico's crude oil nears $70 per barrel amid Middle East uncertainty

18 June 2025

Middle East uncertainty has driven Mexican crude oil close to $70 per barrel, with state oil company Pemex's export blend trading 6% higher on June 16 compared to prices before Israel's attack on Iran, according to energy market data

OPEC May report highlights divergence in Venezuelan oil output

18 June 2025

Venezuela reported a modest increase in oil production in May, reaching 1.07mn barrels per day, but OPEC’s secondary sources put May production at 896,000 bpd—down 32,000 from April and the lowest level so far in 2025

US oil magnate is quietly increasing his influence in Venezuela, capitalising on Chevron's departure

18 June 2025

While Venezuela plunged into its presidential election season on April 7, American oil executive Harry Sargeant III moved decisively on a long-cherished objective: reclaiming a stake in the country’s vast oil reserves

Colombia's Ecopetrol initiates first US export of marine fuel, signals strategic shift

18 June 2025

Colombia’s Ecopetrol dispatched its inaugural shipment of IFO RMG 380 marine fuel to Cape Canaveral, US, totalling 185,000 barrels, the company confirmed.

Colombia and Bolivia confront prolonged decline in gas sector

18 June 2025

Colombia and Bolivia have each seen proven natural gas reserves fall by approximately 57% over the past decade, while production has nearly halved.

Carbon capture and storage has reached a ‘turning point’, says DNV

17 June 2025

A new report from DNV anticipates that total funding for carbon capture and storage will hit $80bn by the end of this decade

Costa Rica's Chaves oil exploration pivot triggers national debate on environment vs economy

17 June 2025

Costa Rica’s president defended his readiness to assess domestic oil reserves via non‑invasive techniques and his objections to ratifying the Escazú Agreement, insisting it does not compromise the nation’s environmental goals.

Brazil’s Petrobras signs $892mn refinery expansion deal

17 June 2025

Brazil’s Petrobras has signed contracts worth BRL4.9bn ($892mn) with Consag Engenharia to advance construction of Train 2 at the Abreu e Lima Refinery (RNEST) in Pernambuco.

Brazil’s Petrobras commits $16bn to low-carbon projects

17 June 2025

Brazil’s Petrobras plans to invest $16.3bn in low-carbon projects over the next five years, the company said in its 2024 Sustainability Report.

MODEC and Terra expand drone inspections on FPSOs in Brazil

17 June 2025

MODEC has renewed its partnership with Terra Drone Corporation to expand the use of drones for internal inspections of crude oil storage tanks on floating production, storage and offloading (FPSO) vessels.

Guatemala seeks 1,500MW power capacity in tender, 700MW for LNG plants

17 June 2025

Guatemala has issued a competitive tender seeking 1,500 megawatts of fresh power generation capacity as electricity demand rises, with approximately 700MW earmarked for liquefied natural gas-powered facilities

Battery energy storage system arrives in Guyana for gas-to-energy project

17 June 2025

Guyana's landmark Gas-to-Energy project reached a critical milestone with the arrival of a 30-megawatt backup battery energy storage system at Georgetown's John Fernandes Wharf.

Argentine energy sector looks abroad as local financing falls short

17 June 2025

Argentina’s energy companies are expanding their reliance on international capital markets as domestic financing proves insufficient to support the country’s rapidly growing oil and gas infrastructure.

Argentine government increases bioethanol price

17 June 2025

Argentina's government has increased prices for bioethanol used in mandatory fuel blending, according to a resolution published in the government’s Official Gazette.

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