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Brazil rides a production wave
Latin America’s largest economy expects big uptick in crude this year with the imminent arrival of several FPSOs
Argentina poised to surpass record oil production
Imminent midstream additions in the Vaca Muerta set the stage for sharp jump in upstream growth
Colombian E&Ps face bleak upstream outlook
Political backbiting and slumping drilling activity point to further declines ahead of next year’s election
Hydrocarbon Processing Refining Databook 2025: Americas
The US and Canada are boosting capacity builds for renewable diesel and biofuels, while Central and South American countries are investing heavily to upgrade and expand their domestic refining sectors
Latin America’s evolving crude outlook
New supply from Argentina, Brazil and Guyana is rich in middle distillates, but optimism in terms of volume growth remains tempered by regulatory and technical risks as well as price volatility
The changing face of Argentina’s upstream
Sector at economic and strategic crossroads, but clear path ahead for midstream additions
Latin America feels the heat
Extreme weather conditions are compounding upstream challenges and pressuring governments across the region
Colombian O&G starts to feel investment squeeze
Decarbonisation strategy is already hurting upstream appetite and threatening near-term energy security
Argentina opens up to international investors
The controversial trimmed down version of the ‘omnibus bill’ promises to attract more foreign investment to sectors including oil and gas, but critics raise concern it still goes too far
Brazil awaits contentious Equatorial Margin call
Political rancour is rising as politicians appeal for environmental licence to explore the mouth of the Amazon
Opportunities have opened up for smaller E&P firms
Argentina Brazil Colombia Ecopetrol Petrobras YPF
Charles Waine
25 May 2021
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Latin American divestment drive opens door to buyers

Portfolio rebalancing is helping boost M&A activity across the continent

Latin American NOCs were looking to move their portfolios down the cost curve even before the pandemic hit. But extreme market volatility over the past year—combined with the threat posed by the energy transition—has accelerated this trend, creating investment opportunities for many smaller E&P firms.  Brazilian state oil company Petrobras is leading divestment activity in the region. The NOC has offloaded around 150 oil and gas fields over the past three years. And the company hopes to sell down its stakes in another 118. Petrobras’ upstream focus is on deepwater pre-salt production, boosted by falling lifting costs. In Q1, the Brazilian operator agreed to offload the Miranga cluster of

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