LatAm

The partnership between Brazil’s Petrobras and Mexico’s Pemex is expanding beyond exploration and production to encompass refining and gas extraction, with feasibility studies currently underway. A Pemex delegation is scheduled to visit Brazil in June as both state oil companies advance toward formalizing their collaboration, which now extends to alternative fuels including ethanol production from

The Dominican Republic has entered Guyana’s petroleum sector through a no-capital-required exploration agreement, positioning itself to benefit from one of the world’s fastest-growing oil economies. The deal, which includes preferential access terms for any discoveries, represents an escalation of bilateral energy cooperation that began with a 2023 memorandum and could expand into downstream refining and

Mexican President Claudia Sheinbaum confirmed plans to travel to Brazil to formalize a cooperation agreement between state oil companies Pemex and Petrobras, pending completion of technical negotiations expected in May. The bilateral pact positions two of Latin America’s largest state-owned petroleum enterprises to collaborate across exploration, production, refining, and alternative fuels development, with particular emphasis

Regional energy security concerns intensify as geopolitical tensions expose Latin America’s vulnerability to Middle Eastern supply disruptions, even as Colombia and Argentina advance major domestic gas discoveries that could reshape the subcontinent’s import dependency over the next decade. The conflict between the United States, Israel and Iran that began February 28, 2026 according to Reuters