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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Axess Group wins contracts for Golar LNG floating units assigned to Argentina LNG project
Norwegian asset integrity specialist Axess Group has secured contracts from Golar LNG to provide maintenance and integrity management services for two floating liquefied natural gas (FLNG) units that are scheduled to operate at Argentina's LNG export
Petroecuador dispatches 45.8mn barrels of fuel in first half of 2026
Ecuador's state-owned oil company Petroecuador dispatched more than 45.8mn barrels of fuel between January and June 2026, the firm said on July 14.
Uruguay to keep monthly fuel pricing review despite oil market volatility
Uruguay's government will maintain its regular process for setting domestic fuel prices despite recent swings in international crude markets, Industry, Energy and Mining Minister Fernanda Cardona said
Shell moves Venezuela's Dragon gas project forward with drilling tender
The contract is expected to be awarded by the end of September, although it will only become effective if the partners make a final investment decision on the 119bn cubic metres development
Argentina launches international tender for offshore hydrocarbon exploration
Argentina's government has launched an international tender for offshore hydrocarbon exploration in the CAN_200 block of the North Argentina Basin, aiming to assess the area's energy potential and attract investment through a competitive bidding.
Guyana pushes Berbice exploration as government sets tight mobilisation deadline
Guyana has given the Dominican Republic-led Berbice Block consortium up to six months to begin offshore exploration, underscoring a tougher government approach aimed at accelerating investment beyond the country's producing oil fields.
New basin model reshapes expectations for Suriname’s offshore exploration frontier
New geological modelling suggests Suriname's offshore challenges stem from petroleum generation and migration rather than reservoir quality, highlighting why Guyana's Golden Lane has consistently outperformed neighbouring acreage.
Brazil pre-salt project starts oil flow
Brazil rejects ethanol tariff talks
Brazil has ruled out lowering tariffs on ethanol imports as part of ongoing trade negotiations with the United States, Trade Minister Marcio Elias Rosa said.
Argentine oil well breaks Vaca Muerta output record
A single well in Argentina’s Río Negro province reached an output of 2,700 barrels per day at the end of October 2025, the highest daily peak across all of Vaca Muerta.
Brazil’s Petrobras completes acquisition of exploration block off São Tomé and Príncipe
Petrobras has completed the acquisition of a stake in, and assumed operations of, Block 3, an offshore exploration block located in São Tomé and Príncipe, off the coast of Africa.
Enersea unveils LNG loading platform concept for South American export projects
Dutch offshore engineering company Enersea has introduced a liquefied natural gas (LNG) loading platform concept designed for shallow offshore and nearshore developments.
Mexico names 2,163 fuel stations for breaching price caps on diesel
The Mexican government published a list on July 12 naming 2,163 service stations that had not complied with a voluntary agreement to cap prices on diesel, as authorities sought to maintain prices through the global fuel price shock from the Iran war.
Phoenix well in Río Negro extends Vaca Muerta's productive frontier eastward
A horizontal shale oil well drilled by Phoenix Global Resources in Argentina's Río Negro province has emerged as one of the highest-performing wells in the Vaca Muerta formation, challenging previous assumptions about the area's commercial potential
Venezuela’s El Palito restarts FCC unit, boosting fuel production after earthquakes
Workers at the 146,000-barrel-a-day El Palito refinery said the facility has been gradually bringing processing units back online in recent days after the twin earthquakes left the plant without electricity
Venezuela oil output holds at 1.2mn barrels a day despite earthquakes
Rodríguez said crude output had continued uninterrupted despite the twin earthquakes, which measured 7.2 and 7.5 and, according to official figures, killed more than 4,500 people and injured nearly 17,000
Rodríguez says oil growth to underpin Venezuela’s La Guaira reconstruction
Interim President Delcy Rodríguez said Venezuela's oil sector and broader economy remain resilient despite the destruction caused by the June 24 earthquakes, pledging to rebuild the heavily affected state of La Guaira
Trump says US controls Venezuelan oil, signals push for allies to share security costs
US President Donald Trump said the US controls Venezuela's vast oil resources, linking the country's energy wealth to a broader argument that Washington should be compensated by allied nations
Vaca Muerta could generate up to 90,000 jobs as development accelerates, YPF CEO says
Argentina’s Vaca Muerta shale formation could create more than 90,000 jobs at peak activity as large-scale oil and gas development gathers pace, YPF President and Chief Executive Horacio Marín said.
ExxonMobil closes in on Trinidad and Tobago offshore block
ExxonMobil has almost completed its seismic acquisition on the TTUD-1 Block offshore Trinidad and Tobago, potentially propelling production to 74,600 barrels per day by 2029 following years of decline.
Guyana rakes in almost $2bn in petroleum revenues in H1 2026
Guyana accumulated nearly $2bn in petroleum revenues during the first half of 2026, according to Official Gazette notifications.
ExxonMobil advances ultra-deepwater appraisal as Trinidad eyes next exploration frontier
ExxonMobil has nearly completed seismic acquisition on Trinidad and Tobago's TTUD-1 ultra-deepwater block, with geological interpretation now set to determine whether the frontier acreage contains commercially viable drilling prospects.
Suriname’s Block 52 gains geological backing as basin study sharpens exploration focus
A new geological study identifies the area surrounding Suriname’s Block 52 as the basin’s strongest oil-generating zone, providing scientific backing for recent discoveries and strengthening confidence in future offshore developments.
Suriname’s offshore licensing model draws fresh interest as competition widens beyond flagship acreage
Suriname's open-door offshore licensing programme has attracted a fourth proposal, extending investor interest beyond flagship deepwater acreage and reinforcing competition across the Guyana-Suriname Basin.
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