LatAmOil - Latin America Oil & Gas

Colombia's Bia Energy raises $18.5mn to expand solar generation and software

Bia Energy has raised $18.5mn in a funding round led by Kaszek as the Colombian energy company expands beyond electricity retail into distributed generation and utility software

Colombia's active drill count rises to 114 in July as well maintenance rigs return

Colombia recorded 114 active oil rigs in July 2026 — 33 dedicated to drilling and 81 to well maintenance — marking a 1.8% increase against July 2025 and a 22.6% jump versus June 2026, equivalent to 21 additional rigs month-on-month

Brazil moves to break its southern gas bottleneck

Brazilian gas pipeline operator TBG has proposed a $286mn expansion of the Bolivia-Brazil Gas Pipeline to increase gas flows in the country’s south as supplies from Bolivia decline.

Argentina approves $365mn RIGI expansion for Compañía Mega NGL industrial complex

Argentina has approved a $365mn investment project by Compañía Mega under its Large Investment Incentive Regime (RIGI) to expand production of natural gas liquids (NGL), adding more than 500,000 tonnes of annual output capacity.

Mexico’s Pemex burden is increasingly becoming a sovereign risk

Mexico’s escalating support for Pemex is reshaping sovereign risk, raising borrowing costs and testing the credibility of a government once regarded as one of emerging markets’ strongest fiscal performers.

Bolivia rules out privatising state oil firm YPFB, plans major reform amid fuel crisis

Bolivia's government on August 25 ruled out privatising state energy company Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) but confirmed it is preparing a major overhaul of the firm, as a persistent fuel shortage continues to cause long queues

Brazil extends fuel support as oil risks persist

Brazil’s government will extend a gasoline subsidy of BRL0.44 ($0.085) per litre until September 9, delaying the measure’s planned expiry as global oil prices remain affected by the conflict involving the United States and Iran.

BP advances Bumerangue oil discovery in Brazil

BP has awarded Halliburton an integrated contract for the first appraisal campaign at its Bumerangue deepwater discovery offshore Brazil, as the energy company moves to assess the field’s potential in the Santos Basin.

Guyana’s Whiptail project moves closer to adding 250,000 barrels per day

Guyana’s Whiptail oil project is moving towards offshore installation, with the Jaguar FPSO set to add up to 250,000 barrels per day to the country’s rapidly expanding production capacity.

ExxonMobil fire exposes safety and continuity risks at Guyana’s Liza Unity

A fire briefly halted ExxonMobil’s Liza Unity FPSO offshore Guyana, but rapid emergency procedures allowed production and crude offloading to resume after safety checks.

Navitas acquires second FPSO to accelerate Sea Lion development in Falklands

Navitas Petroleum has exercised an option to acquire a second floating production, storage and offloading (FPSO) vessel for its Sea Lion oil project in the North Falkland Basin, investing about $125mn before upgrades.

Neuquén and Río Negro agree joint infrastructure strategy to support Vaca Muerta growth

Argentina’s Neuquén and Río Negro provinces have agreed to jointly plan infrastructure, transport and logistics in the Alto Valle and the corridor towards Vaca Muerta, seeking to address rising flows of cargo, workers, goods and services.

Neuquén targets Brazil and Chile as new markets for Vaca Muerta gas

Argentina’s Neuquén province is seeking to expand Vaca Muerta gas exports to neighbouring Brazil and Chile, while improving competitiveness and developing new energy sources to diversify the economy beyond hydrocarbons.

SLB gains access to Venezuela oil data in PDVSA modernisation deal

SLB has secured access to Venezuela’s oilfield data under a new agreement with state-run PDVSA, giving the US oil-services company a role in rebuilding and modernising information systems that have deteriorated after years of underinvestment

Venezuela seeks more light crude to support oil growth

Venezuela is stepping up efforts to explore lighter crude and condensate as it seeks to raise overall oil output, Energy Minister Paula Henao told potential investors in Houston earlier this month

Colombia's Ecopetrol takes control of Brava Energia in $1.2bn Brazil deal

Ecopetrol completed its acquisition of a controlling 51% stake in Brazil's Brava Energia for about $1.2bn, expanding its reserves and production base in one of Latin America's key energy markets, the Colombian oil company said

Colombia's De la Espriella orders joint operation over fuel theft

Brazil’s Petrobras rethinks Sergipe gas export plan

Petrobras is reassessing plans for a gas pipeline linked to its Sergipe Deepwater project, as proposed changes to Brazil’s gas market rules could affect the project’s economics.

Brazil expands Petrobras’ SAF production capacity

Brazil’s oil regulator ANP has expanded Petrobras’ authorisation to co-process renewable feedstocks for sustainable aviation fuel at the Henrique Lage refinery, known as Revap, in São Paulo.

Brazil clears YPF, Eni and XRG LNG venture

Brazil’s antitrust authority has approved a joint venture involving Argentina’s YPF, Italy’s Eni and Abu Dhabi-based XRG for the Argentina LNG project.

Foreign investment in Colombia falls 31% as oil and mining offset wider outflows

Argentina approves $6.4bn Tecpetrol project in Vaca Muerta under RIGI

Argentina has approved a $6.4bn investment by oil producer Tecpetrol to develop the Los Toldos II Este unconventional oil project in Vaca Muerta under the government's Incentive Regime for Large Investments (RIGI).

Bolivia's YPFB, Santa Cruz municipalities strike emergency deal to ease diesel shortage

Bolivia's state oil company YPFB and the Association of Santa Cruz Municipalities (Amdecruz) have agreed an emergency plan to tackle the country's diesel shortage.

Pemex's gas flaring doubles in H1, casting doubt on environmental pledges

Mexico's state oil company burned off nearly twice as much natural gas in the second quarter of 2026 as it did a year earlier, according to unaudited results.

Argentina's CGC eyes Bolivia as reverse-flow gas corridor to reach Brazil

Argentine energy firm Compañía General de Combustibles (CGC), part of Corporación América, is studying Bolivia as a strategic route to carry Vaca Muerta gas onward to Brazil.