Feb. 16 (oilprice.com) Latin America is attracting greater attention from international investors thanks to its strong renewable energy and critical mineral potential. In recent years, the region’s green energy capacity has steadily grown, while more mineral mining projects are developed, and the electric vehicle (EV) market is beginning to expand. As the United States takes... Continue Reading →
Argentina’s Shale Boom Is Rewriting South America’s Energy Map
Feb. 14 (oilprice.com) The massive unconventional oil boom underway in Argentina continues to gain momentum. During late 2024, Argentina, which is South America’s second largest economy after Brazil, overtook Colombia to become the continent’s fourth largest oil producer. The surge in petroleum revenues, coupled with President Javier Mieli’s economic reforms, is a boon for one of the... Continue Reading →
Vaca Muerta expected to lift Argentina energy surplus to new record in 2026
Feb 5 (Reuters) - Argentina could surpass last year's record energy trade surplus in 2026, supported by infrastructure that has improved the country's capacity to ship oil and gas from the Vaca Muerta shale formation, analysts said. The 2026 energy trade surplus could range from $8.5 billion to $10 billion, and would depend mainly on... Continue Reading →
Exxon, Chevron see glimmer of Venezuela’s potential, but with long road ahead
Jan 30 (Reuters) - U.S. oil majors Exxon Mobil and Chevron offered investors a few pieces of new insight into their thinking about Venezuela on Friday, even though neither company announced long-term investment commitments despite President Donald Trump's continued push to convince American oil firms to rebuild the South American country's energy sector. Exxon CEO Darren Woods plugged... Continue Reading →
The State of Rio de Janeiro Approves Offshore Wind Energy Policy
Jan 12 - Rio de Janeiro has taken a decisive step towards energy transition by approving a public policy specifically aimed at developing offshore wind energy. The new legislation establishes guidelines for the orderly use of maritime space and creates a favorable environment for attracting investments, generating skilled jobs, and strengthening the maritime economy. Regulatory... Continue Reading →
No quick wins in tapping Venezuela’s oil reserves
Jan 3 (Reuters) - Venezuela is unlikely to see any meaningful boost to crude output for years even if U.S. oil majors do invest the billions of dollars in the country that President Donald Trump promised just hours following Nicolás Maduro's capture by U.S. forces. The South American country may have the world's largest estimated oil reserves,... Continue Reading →
Argentina’s Shale Boom Propels It Past Colombia in Oil Output
Jan. 2 (oilprice.com) Argentina, in a surprise development, overtook Colombia to become South America’s fourth-largest oil producer. The country is undergoing a once-in-a-generation unconventional hydrocarbon boom, which began with Buenos Aires nationalizing integrated energy major YPF in 2012. Since then, Argentina’s oil and natural gas output has kept soaring higher, regularly hitting new monthly highs as volumes... Continue Reading →
Subsea Vessel Market Outlook ‘Robust’ for 2026
Jesper Skjong, Contributor Dec. 20 (OE) Throughout 2025 we have seen the subsea vessel market transitioning from a period of record highs towards a more cautious, but still fundamentally strong, outlook. While short-term activity and rates have softened in the latter part of the year, long-term demand - driven by deepwater projects and global energy infrastructure-... Continue Reading →
Porto do Açu Expands Operations with Petrobras and Integrates Exploration, Production and Decommissioning
Dec. 2 - Porto do Açu is optimistic about future demand in the oil platform decommissioning market, even after the adjustment in resources that Petrobras intends to allocate to this activity. The assessment is that, even if the state-owned company decides to extend production in more mature fields, the services provided directly or indirectly will... Continue Reading →
Argentina’s Vaca Muerta Shale Is Smashing Oil Production Records in 2025
Nov. 12 (oilpeice.com) In a surprise development, Argentina’s unconventional oil production hit a new all-time high for September 2025. This occurred despite overall monthly production falling marginally when compared to the prior period and shale gas output plummeting to a multi-month low. It is the prolific Vaca Muerta shale that is driving Argentina’s rapidly rising oil and... Continue Reading →