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 considers retail fuel return amid pricing concerns, political pressure
Brazil's national oil company Petrobras will examine modifications to its strategic framework that could include re-entering the retail fuel market.
Venezuela targets 2027 for first offshore gas exports via Trinidad link
Venezuela aims to begin exporting natural gas by 2027, marking its debut in the global gas market and a potential shift in the country’s energy strategy
Sanctions-dodging 'ghost fleet' moves Venezuelan oil in shadowy operations
A new investigation by NGO Transparencia Venezuela reveals how a shadow fleet of tankers is facilitating covert oil exports from Venezuela, bypassing US sanctions through deceptive maritime tactics
Colombia's Ecopetrol ships first paraffin cargo to Brazil in export push
Colombia's state-owned oil company Ecopetrol has shipped its inaugural 200-tonne cargo of liquid paraffin to Brazil.
Colombia launches national energy transition consultation
Colombia's Ministry of Energy has initiated a comprehensive national consultation aimed at mapping capabilities and requirements for an equitable energy transition.
Pemex expects $8bn from mixed contracts as Slim's Carso Energy leads investment interest
Argentine National Treasury dismisses over 60 employees amid YPF case leaks
Argentina's National Treasury Attorney's Office has dismissed more than 60 employees following an internal investigation into suspected information leaks related to the YPF expropriation court case.
Bondholders move to derail Venezuela-owned Citgo sale over disputed collateral rights
A group of creditors holding defaulted Venezuelan bonds is moving to block a $7.4bn offer to acquire Citgo Petroleum Corp.’s parent company.
Brazil seeks to negotiate Trump's threatened tariffs but oil exports could be unscathed, say analysts
Argentina receives temporary relief in YPF case as Trump offers support
Argentina has secured a brief reprieve from a US court ruling that would force the government to surrender its controlling stake in national oil company YPF.
Venezuela criticises energy sanctions at OPEC seminar in Vienna
Venezuela's Vice President Delcy Rodriguez has used a major oil industry gathering to condemn international sanctions on energy producers again, warning they threaten global supply security and undermine investment in the sector.
Brazil suspends Petrobras pre-salt licence, freezes Petrobras Amazon blocks over green concerns
Brazil has halted analysis of Petrobras' preliminary licence application for pre-salt exploration in the Santos Basin and also has suspended blocks in six Petrobras blocks in the Foz do Amazonas Basin.
Oil, gas revenue for Venezuela’s PDVSA hit $17.6bn in 2024 despite US sanctions
State-owned Petróleos de Venezuela (PDVSA) generated $17.52bn in hydrocarbon sales in 2024.
Brazil's environmental agency suspends Petrobras pre-salt licence over climate concerns
Brazil's environmental watchdog Ibama has halted analysis of Petrobras' preliminary licence application for pre-salt exploration in the Santos Basin, affecting a BRL196.4bn ($35.4bn) project due to inadequate climate change plans.
Floatel Victory secures Brazil deal
Floatel International has signed a letter of intent for the Floatel Victory to provide Maintenance and Safety Unit (MSU) support offshore Brazil from early 2026.
Brazil’s Petrobras FPSO heads for Búzios field
Petrobras has confirmed that FPSO P-78 departed Seatrium’s Benoi yard in Singapore on July 13 and is en route to the Búzios field in Brazil’s pre-salt Santos Basin.
MODEC announces progress on Guyanese FPSO for upcoming project
MODEC has announced the successful arrival of the Errea Wittu floating production, storage and offloading vessel in Singapore on June 28, following completion of construction and commissioning works in China.
Ecuadorian state-owned pipeline to undergo maintenance after 50 years
Ecuador's government announced on July 14 a comprehensive maintenance and protection plan for the Trans-Ecuadorean Pipeline System, which has been paralysed since July 1 due to heavy rains in the Amazon region affecting critical infrastructure.
Expro awarded services contract for Mexico's $7.2bn Trion deepwater milestone
Global well services provider Expro secured a three-year contract with Woodside Energy to deliver advanced tubular running and cementing services for Mexico's inaugural ultra-deepwater project
Expro establishes Mexico hub for historic Trion deepwater production services
Global energy services specialist Expro will create a new operational hub after securing a three-year tubular running and cementing contract with Woodside Energy for Mexico's inaugural deepwater oil production facility, Offshore Energy reported.
Canada's Arrow Exploration boosts Colombia output
Arrow Exploration has successfully commissioned two horizontal wells at its Tapir Block operations in Colombia's Llanos Basin, lifting production to between 4,600 and 4,800 barrels of oil equivalent per day net.
PDVSA’s hydrocarbon revenue hits $17.5bn in 2024 despite US sanctions
This came during a period when US licences permitting foreign partners such as Chevron to operate in Venezuela were in effect for most of the year, until their cancellation at the end of May
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