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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Mexico cuts oil output target by 129,000 bpd for 2025
Mexico's finance ministry revised down the country's crude oil production target by 129,000 barrels per day (bpd), Reuters reported.
Colombia's unpaid gas subsidies risk energy access for vulnerable households
The Colombian government's outstanding debt of approximately COP65bn to liquefied petroleum gas (LPG) distribution companies threatens to disrupt energy access for low-income families.
Colombia’s exports slip as fuel shipments decline, agriculture gains ground
Colombia’s export revenues fell by 0.8% year-on-year in February, reaching $3.78bn FOB, according to data released by the National Administrative Department of Statistics (DANE) and the National Tax and Customs Directorate (DIAN) on April 2
Spain’s Albares and US’ Rubio discuss Repsol’s future in Venezuela as tariffs loom
Spanish Foreign Minister José Manuel Albares and US Secretary of State Marco Rubio held talks this week, addressing a range of issues, including the future of Repsol’s operations in Venezuela
Spain backs Repsol amid US pressure on Venezuela oil operations
Spain is actively supporting energy giant Repsol in its efforts to maintain operations in Venezuela as the United States moves to tighten restrictions on companies linked to the country’s oil sector, according to Economy Minister Carlos Cuerpo
Venezuela rejects oil export decline report
Hydrocarbons Minister Delcy Rodríguez has accused Reuters of spreading misinformation about the country’s oil production, aligning the news agency with what she described as a broader political campaign against Venezuela
Colombia's Ecopetrol to invest up to $700mn in sustainable aviation fuel plant
Colombia's state-owned energy firm, Ecopetrol, intends to allocate between $500mn and $700mn for the construction of a Sustainable Aviation Fuel production facility at its Barrancabermeja refinery.
Colombia's Ecopetrol pursues offshore gas exploration amid energy challenges
Ecopetrol SA, Colombia's state-controlled energy firm, is set to commence drilling the Buena Suerte exploratory well in the Caribbean Sea within the coming days, aiming to assess its production potential.
Argentina's Vaca Muerta exports gas to Brazil via Bolivia in historic first
Argentina's Vaca Muerta shale gas has begun flowing to Brazil via Bolivian pipelines, marking a significant milestone in the country's energy export strategy.
Tariffs: Who Imports Venezuelan Oil? - Statista
On top of being the potential target of reciprocal tariffs by the United States from April 2 on, India has now been threatened with another type of US trade action.
Spain's business leader urges EU response to US trade moves, Repsol's Venezuela setback
Spain’s top business leader, Antonio Garamendi, has called for a unified European response to US trade policies, including tariffs and Washington’s recent decision affecting Repsol’s operations in Venezuela
No new US tariffs on Canada, Mexico oil or gas
President Donald Trump unveiled his “Liberation Day” tariffs on April 2, and the US, Canadian and Mexican oil and gas industries breathed a sigh of relief. No new tariffs have been imposed on oil or gas imports from Canada or Mexico to the US.
US revokes foreign firms’ Venezuela oil licences, Maduro urges them to stay
US authorities have revoked Spanish oil company Repsol's licence to export oil from Venezuela. Similar notifications have been delivered by the Office of Foreign Assets Control to France's Maurel et Prom and Italy's Eni.
Venezuela is latest US-China battleground for oil as Trump unveils more tariffs
Mixed reports have emerged on China's crude oil trade with Venezuela following Trump's directive that any country purchasing Venezuelan oil would face a 25% tariff
Venezuela’s Maduro accuses US of plotting to seize Essequibo for ExxonMobil
Venezuela’s Nicolás Maduro claimed that US Secretary of State Marco Rubio is seeking to overthrow his government and transfer control of the disputed Essequibo region to American oil giant ExxonMobil
Venezuelan oil exports decline as US sanctions disrupt trade
Venezuela’s oil exports fell by 11.5% in March following Washington’s decision to revoke operational licences for companies in the country and introduce secondary tariffs on those dealing in Venezuelan crude
Brazil receives first Argentine natural gas supplies via Bolivia
TotalEnergies has exported natural gas from Argentina's Vaca Muerta field to Brazilian energy trader Matrix Energia using Bolivian pipelines for the first time
Colombian oil firms navigate financial challenges amid market pressures while GeoPark divests
Colombia's leading oil companies, Ecopetrol and GeoPark, have reported mixed financial outcomes for 2024, reflecting the volatile energy market and internal strategic decisions.
Brazil's sustainable aviation fuel industry poised for 2027 takeoff
Brazil's nascent sustainable aviation fuel industry is preparing for takeoff in 2027 when the country's blend mandate begins, with potential for both domestic supply and exports.
Brazil’s Petrobras signs deal with France's IFPEN for decarbonisation projects
Brazil’s national oil company Petrobras has signed a five-year partnership with French research institute IFP Energies Nouvelles to collaborate on energy transition and decarbonisation projects
Brazil’s Petrobras discoveries in Campos, Santos and Buzios are 'significant', says executive
Brazil’s national oil company (NOC) Petrobras has made "significant" oil discoveries this year in the Campos and Santos basins and in the Buzios field
Brazil's Karoon restarts Bauna oilfield after maintenance
Brazil-focused Australian oil and gas company Karoon Energy has resumed production at its Bauna oilfield in the offshore Santos basin following the completion of intervention works at the SPS-88 well.
Colombia's Helicol challenges Ecopetrol's contract termination amid allegations of unfair practices
On March 5, 2025, Helicol formally requested that Ecopetrol SA reconsider its decision to terminate synergy contract No. CW215358.
Guyana receives seven bids for historic Gas-to-Energy project
Guyana has received seven bids for the second phase of its Gas-to-Energy project, a critical infrastructure initiative designed to transform the country's energy landscape.
Argentina's YPF to inject $3.3bn into Vaca Muerta in 2025
Argentina's national oil company YPF plans to invest $3.3bn in the Vaca Muerta shale formation in 2025, representing approximately two-thirds of its total $5bn capital expenditure for the year.
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