Latin American M&A rallies
Asset sales in the region are again starting to lure buyers after a tough financial year
Latin American deal-making staged a recovery in Q3 after months of capex cuts and little incentive to spend. And there could be more deals to come before the end of the year and into 2021. Brazil recorded a number of major deals in Q3 and also leads the region for M&A opportunities. Transactions valued at c.$346mn were agreed over the quarter, the most notable being Brazilian state-controlled oil company Petrobras' $155mn divestment of its Cricare onshore fields to specific purpose entity Karavan. Petrobras was, in fact, the seller in five of the six major Brazilian deals in Q3. Divestment remains a key component of the NOC’s strategy to pivot towards the pre-salt, the most profitable pa
Also in this section
3 March 2026
The killing of Iran’s Supreme Leader Ayatollah Khamenei in US–Israeli strikes marks the most serious escalation in the region in decades and a bigger potential threat to the oil market than the start of the Russia-Ukraine crisis
2 March 2026
A potential blockade of the Strait of Hormuz following the escalating US-Iran conflict risks disrupting Qatari LNG exports that underpin global gas markets, exposing Asia and other markets to sharp price spikes, cargo shortages and renewed reliance on dirtier fuels
2 March 2026
The South Asian consumer’s next move could tighten the Middle East oil market overnight
2 March 2026
Canadian independent’s evolving portfolio in Trinidad and Tobago gives it access to the Atlantic LNG market and a close-up view of developments in neighbouring Venezuela
