Insight
Latin America: 5 things to look for in 2026
*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
Latin America's upstream sector enters 2026 with robust fundamentals driven by committed project pipelines, yet faces increasing complexity from geopolitical dynamics and regulatory volatility. While production powerhouses continue their growth trajectories with competitive economics, the region simultaneously pursues frontier opportunities and grapples with political uncertainties that could reshape investment flows and operational frameworks.
Table of contents
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Executive summary
- 1. Production powerhouses: Brazil, Guyana, Argentina counter regional decline
- 2. Betting on new frontiers: Foz do Amazonas and Uruguay test Latin America's next chapter
- 3. Mexico’s unconventional potential – will it attract the necessary capital and specialized operators?
- 4. 2026 Latin America FIDs present mixed picture despite strong fundamentals
- 5. Political volatility and US engagement challenge Latin America energy investments
- Things to look for in 2026 – a regional upstream series
Tables and charts
This report includes the following images and tables:
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Latin America countries net contribution to non-OPEC world oil supply in 2026Identified drilling prospects and blocks by operator at the Foz do Amazonas BasinBurro-Picachos and Burgos Basins and stratigraphic column
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Tampico-Misantla Basin and stratigraphic columnKey 2026 expected FID upstream projects2026 fiscal, regulatory or political event impacting upstream
What's included
This report contains:
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