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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US-Venezuela negotiations mired by internal divisions and uncertainty
Their differing views extended to Chevron’s oil licence renewal: Grenell suggested it might continue, but Rubio later confirmed its revocation effective May 27, after which both sides appeared to adopt a wait-and-see attitude
Challenger Energy advances Uruguay exploration with seismic plans and upcoming farm-out
The company expects to begin 3D seismic acquisition on AREA OFF-1 in the fourth quarter of 2025, pending the finalisation of environmental permits
Venezuelan union leader says over 100 PDVSA workers detained by Maduro’s regime
Speaking from exile, Iván Freites claimed the arrests occurred at major refining sites, including the Paraguaná complex in Falcón state and more recently at the El Palito refinery in Carabobo state
Venezuelan oil output hits 2025 high in June despite Chevron sanctions
Venezuela's oil production edged higher in the second quarter, defying the expiration of a key US licence that allowed Chevron to operate in the sanctioned country
Brazil’s Petrobras backs offshore TCP trial
Strohm has carried out its first offshore trials of thermoplastic composite pipes (TCP) with Petrobras at depths of around 1,500 metres, the Dutch firm said.
LNG Alliance picks Chart Industries as contractor for Amigo LNG project in Mexico
LNG Alliance has named the contractor for its Amigo LNG project in Mexico, selecting Chart Industries to build the 7.8mn tonnes per year facility.
Guyana sees growing employment due to oil operations
ExxonMobil Guyana President Alistair Routledge has highlighted the growing participation of Guyanese workers in the country's offshore oil operations, describing the trend as crucial for the industry's long-term sustainability.
Argentina receives temporary relief in YPF case
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, with Judge Loretta Preska granting the country until July 17 to pursue emergency relief.
Brazil's Delta Energia launches fuel distributor targeting agribusiness
Brazilian energy company Delta Energia has secured regulatory approval to enter fuel distribution through its new subsidiary Thero Distribuidora, targeting the country's rapidly growing agribusiness sector.
Guyana's oil revenues surge in June
Guyana's oil revenues continued their strong trajectory in June, with the government earning just over $191mn from three crude oil cargo sales, bringing total oil sales for 2025 to approximately $1.05bn, according to government data.
Colombia's Ecopetrol partners with Aerocivil to advance sustainable aviation fuel initiative
Colombian state oil company Ecopetrol and the country's Civil Aviation Authority have established a strategic alliance to develop sustainable aviation fuel capabilities.
Colombian oil flow disrupted as bombing halts key export pipeline
Colombia's critical Cano Limon-Covenas oil pipeline ceased operations following an explosive attack in Arauca province, with operator Cenit implementing emergency spill containment measures.
Brazil's Petrobras expands female leadership with Laureano appointment
Brazil’s Petrobras has appointed Angélica Garcia Cobas Laureano as its new executive director for Energy Transition and Sustainability, the company’s board confirmed.
Brazil pushes to expand oil output despite net-zero pledge
Brazil is moving to expand crude oil output without raising net emissions from the sector, as it seeks to support its climate credentials ahead of the COP30 summit.
Brazil’s ATE buys Petro-Victory with 10% royalty
Azevedo & Travassos Energia (ATE) has signed a binding memorandum of understanding to acquire Petro-Victory Energy Corp. The deal, agreed on July 2, 2025, will see Petro-Victory become a subsidiary of ATE.
Brazil’s Lula brushes off Trump tariffs threat
US and Panama launch joint military exercises amid canal security concerns
US helicopters have arrived in Panama to begin collaborative training exercises with local security forces, as tensions mount over the strategic waterway's future amid competing US and Chinese interests.
Brazil authorises firm for shale oil exploration amid climate backlash
Brazil's energy ministry has certified Cemes Petróleo to join the "transparent well initiative" designed to boost public awareness of unconventional hydrocarbon deposits, mere months before hosting the UN's COP30 climate summit.
Brazil’s Petrobras launches exploration drilling in Campos Basin pre-salt
Brazil’s national oil company Petrobras has commenced drilling operations at a new exploration prospect in the Campos Basin, marking a significant step in its strategy to double regional production over the coming decade.
MODEC's FPSO crowned Brazil's top oil producer
Japan's MODEC has achieved recognition for operating Brazil's largest oil and gas production facility, with its floating production storage and offloading vessel at the Mero field earning status as the country's leading producer.
Norway’s Solstad lands $84mn Petrobras charter for anchor handling vessel
Norwegian maritime services company Solstad Offshore has sealed an $84mn four-year charter agreement with Brazil's national oil company Petrobras for the anchor handling tug supply ship Normand Turquesa.
India boosts oil imports from US, Brazil as part of supply diversification
According to reports, imports of US crude surged by 51% year-on-year to 271,000 barrels per day between January and June, up from 180,000 bpd during the same period in 2024.
Colombia's oil and gas output drops sharply amid sector slump
Colombia's hydrocarbon sector continued its downward trajectory in May as natural gas production tumbled 11.3% whilst crude oil output fell 4.8%, according to data from the National Hydrocarbons Agency (ANH).
Brazil’s PetroVictory wraps up AND-5 drilling
Petro-Victory Energy has finished drilling the AND-5 well in the Potiguar Basin, Rio Grande do Norte, through its partnership with Azevedo & Travassos Energia (ATE).
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