Region: Latin America Category: Oil & Gas Frequency: Every Tuesday
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LatAmOil provides oil and gas Insight and Foresight from Mexico and Central America to the Caribbean and South America. From the heavyweight producers such as Brazil to emerging frontiers like Guyana, LatAmOil informs you of what is going on and why through commentary, exclsuive interviews, news and analysis. In such a notoriously challenging environment, in-depth and accurate information makes every difference in vital decision making and strategy – LatAmOil brings this directly to your inbox every week.
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US targets Cuban energy firms with new sanctions on gas imports and oil research
The US imposed fresh sanctions on three Cuban energy companies, including a state-owned petroleum research entity and two gas importers, expanding measures against the island's energy sector under Executive Order 14404, the US State Department said
Venezuela’s oil billions expose the price of US control
The Trump administration’s refusal to provide a clear account of more than $13bn in Venezuelan oil revenue is becoming increasingly difficult to defend.
Middle East tensions push Mexican crude export price above forecasts
The export price of Mexican crude oil closed at $79.19 per barrel on July 27, a 4.67% rise from the roughly $53 per barrel recorded in late 2025, as escalating tensions in the Middle East lifted global energy markets and boosted revenue prospects.
Guyana and Suriname poised to become regional natural gas leaders
Guyana and Suriname possess substantial natural gas resources that could position both countries as regional energy exporters, according to analysis from Wood Mackenzie.
Talos Energy to farm into Repsol's Block 29 development off Mexico
US-based Talos Energy Inc. (NYSE: TALO) announced on July 27 it has signed a definitive agreement to acquire a 50% working interest in the Block 29 development off the coast of Mexico, operated by Spanish firm Repsol.
IMF chief visited Vaca Muerta after meetings with Milei and Caputo
Argentina’s Economy Minister Luis Caputo said on July 27 that IMF Managing Director Kristalina Georgieva had shown particular interest in the country’s energy sector and travelled to oil-rich Vaca Muerta in Neuquén province.
Argentina-Brazil gas project highlights strategic trade ties despite political tensions
Argentina and Brazil are pursuing a major regional infrastructure initiative to supply Brazilian markets with gas from the Vaca Muerta shale formation through Bolivia.
Colombia's Ecopetrol seeks removal of leaked files after cyberattack
Ecopetrol is working with Colombian authorities to remove confidential information illegally published online following a cyberattack disclosed earlier in July 2026
Colombia tightens grid resilience ahead of strong El Niño
Colombia has adopted new measures to strengthen the resilience and reliability of its national electricity grid as authorities prepare for the potential impact of a strong El Niño weather event, the Ministry of Mines and Energy said
Venezuela’s top court clears Halliburton to resume oilfield services operations
Venezuela’s Supreme Court of Justice authorised Halliburton to restart operations in the country, saying the continued suspension of the US oilfield services company’s activities could damage state assets
Trump deflects questions over $13bn in Venezuelan oil revenue
US President Donald Trump declined to provide details about the whereabouts of at least $13bn in proceeds from Venezuelan oil sales administered by the US government since Nicolás Maduro was captured in January
Venezuela’s El Palito refinery to shut for up to four weeks for maintenance
PDVSA plans to temporarily close the 146,000-barrel-a-day refinery in Carabobo state for a comprehensive assessment of its facilities
Venezuela reviews second-half oil targets as Orinoco Belt production drive intensifies
Venezuela’s hydrocarbons authorities met in southern Anzoátegui state to assess oil production targets for the second half of 2026, as the government seeks to strengthen operations across the Hugo Chávez Orinoco Oil Belt
Iran says European warships near Hormuz are legitimate targets
Any European warship approaching the Strait of Hormuz is a legitimate target, Iran's deputy foreign minister for legal affairs has said, adding that Tehran's policy is that the waterway will never return to its pre-war condition.
Argentina and Neuquén province reach new oil and gas output record
Neuquén province achieved record hydrocarbon output in June, producing 648,114 barrels of oil per day and 118.64mn cubic metres of gas daily, the provincial government publicly announced.
Guyana seizes competitive advantage through its light crude oil
Guyana's crude has long attracted refiners for its light, sweet chemical composition, however its environmental qualities are emerging as a selling point.
Argentina's energy trade surplus reaches highest first-half level in a decade
Argentina recorded its strongest energy trade balance for the first six months of the year in more than a decade, with the sector's surplus increasing by $2.2bn from the same period in 2025.
Argentina's YPF sets new hydraulic fracturing record at Vaca Muerta
Argentine state-controlled energy company YPF has set a new operational record at the Vaca Muerta shale formation after completing 203 consecutive hours of hydraulic fracturing at the Bandurria Sur block, the company said.
Argentina's oil output reaches record high as Vaca Muerta shale boom accelerates
Argentina's crude oil production climbed to a record 887,227 barrels per day in May 2026, while natural gas output also posted strong growth, driven by expanding activity in the Vaca Muerta shale formation.
Argentina's Neuquén posts record o&g production in June as Vaca Muerta drives growth
Argentina's Neuquén province reached record levels of oil and natural gas production in June 2026, driven by continued expansion in the Vaca Muerta shale formation, with crude output climbing to 648,114 barrels per day.
Paraguay delays higher biodiesel mandate after industry raises technical concerns
Paraguay has delayed its planned biodiesel increase after industry concerns over fuel quality and vehicle compatibility, exposing the operational challenges of balancing energy transition goals with market readiness.
Argentina's Vista Energy seeks RIGI incentives for $5.8bn Vaca Muerta expansion
Vista Energy has formally applied to join Argentina's Large Investment Incentive Regime (RIGI), committing to invest $5.8bn in expanding oil production at the Vaca Muerta shale formation.
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