Oil and gas companies in Latin America and the Caribbean are increasingly focusing on sustainability and decarbonization efforts to align with global energy transition trends. Ambitious initiatives across the region showcase a commitment to reducing harmful emissions while diversifying energy portfolios. Brazil's Petrobras is developing a green hydrogen pilot plant in Rio Grande do Norte with a significant investment, scheduled to start operating in early 2026. Compagnie Maritime Monégasque (CMM) plans to construct ethanol-powered vessels in Brazil, while Acelen Renewables aims to produce renewable fuels from a Brazilian plant. In Guyana, a gas to energy project is scheduled to come online in 2025. Bolivia's YPFB is exploring cleaner alternative fuels, including green hydrogen, ammonia, and methanol plants. Ecuador's Petroecuador is working on reducing emissions by eliminating natural gas flare stacks. In Colombia, Ecopetrol targets increased renewable energy capacity and offshore wind projects. Chile's Enap is focused on reducing carbon emissions and investing in green hydrogen. Pemex in Mexico has outlined sustainability goals, including achieving net-zero emissions by 2050 and investing in carbon capture and green hydrogen. Despite challenges like debt and cash flow issues, companies are pushing towards renewable energy transition and sustainability goals.