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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Paratus exits Mexican drilling business after completing Fontis sale
Paratus completes the sale of Fontis' Mexican drilling business, accelerating its transformation into a pure-play offshore infrastructure services provider with stronger cash flow visibility and a fully contracted PLSV fleet.
Curaçao tests its ambitions to become the logistics backbone of the Guiana Basin oil boom
Curaçao is seeking to capitalise on the Guiana Basin's offshore expansion by offering crude storage, transshipment and maritime services. But without firm operator commitments, its logistics hub ambitions remain a strategic bet.
Guyana advances Whiptail development as ExxonMobil begins subsea installation
Subsea installation has begun on ExxonMobil's $12.7bn Whiptail project, advancing Guyana's next major offshore oil development towards first production in 2027 and boosting future output to around 1.3mn bpd.
Paratus Energy completes sale of Mexican drilling unit to Fontis buyer
Paratus Energy Services said July 29 it had completed the sale of Fontis' drilling operations and jack-up fleet in Mexico, closing a transaction that leaves the Norwegian-listed offshore services group focused solely on pipe-laying support vessels.
Borr Drilling's Mexican venture completes $287mn acquisition of five jack-up rigs
Borr Drilling said on July 29 that BC Ventures, its 50/50 joint venture with a long-standing well construction partner in Mexico, had finalised the previously disclosed purchase of five premium jack-up rigs from Fontis Finance.
IMF chief visited Argentina’s Vaca Muerta shale field during Buenos Aires trip
IMF Managing Director Kristalina Georgieva visited Argentina’s Vaca Muerta shale field in Neuquén province on July 28 during the second day of her trip to the country, touring the Loma Campana development operated by state energy company YPF.
Cuba expands private sector access in energy, pharmacies amid economic reforms
Cuba will allow private domestic and foreign companies to participate in oil and natural gas extraction from August under concession agreements, while opening activities including fuel stations, pharmacies and parts of the electricity sector
Rodríguez, US delegation review energy cooperation and earthquake response
Venezuela and the US have signed a Framework Confidentiality Agreement and a Technical and Financial Alliance between state-owned PDVSA and Shell
Venezuela's refining industry lags as oil output recovers
Venezuela's refining industry remains mired in disrepair despite a rebound in crude production and renewed interest from foreign energy companies, underscoring the scale of investment needed to restore the country's ageing fuel-processing network
Ecoanalítica sees Venezuela economy growing despite earthquake damage
The consultancy expects oil to remain the main engine of growth, forecasting crude output will rise 16.9% this year to 1.3mn barrels per day (bpd), led by private-sector activity
Colombia's SPEC schedules regasification terminal maintenance ahead of El Niño
Colombia's Sociedad Portuaria El Cayao (SPEC) will carry out scheduled maintenance at its Cartagena regasification terminal from July 30 to August 3, following coordination across the energy sector to prepare the country's gas infrastructure
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 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
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
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
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