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 issues new fuel import authorisations after hiatus
Transocean acquires Valaris in $5.8bn as offshore activity surges
Ecuador crude discounts widen sharply as Venezuelan supply reshapes heavy oil market
Ecuador’s heavy crude exports are facing mounting price pressure as increased competition from Venezuelan barrels reshapes global heavy oil flows, pushing differentials on the country’s Napo grade to record discounts in early 2026.
Interoil finalises exit from conventional assets in Argentina's Santa Cruz
Interoil has completed its withdrawal from conventional oil and gas operations in Argentina, divesting its interests in several blocks in Santa Cruz province for up to $1mn as part of a strategic shift towards non-conventional energy assets.
Argentina to privatise LNG imports and trading
Argentina will shift the import and commercialisation of liquefied natural gas (LNG) to the private sector, launching a national and international tender to appoint a single operator to take over functions previously handled by the state.
Cuba's energy collapse deepens after Mexico halts key oil supplies
Mexico’s decision to suspend oil shipments to Cuba while expanding humanitarian aid has exposed the limits of its room for manoeuvre under renewed US pressure, as well as the depth of Cuba’s escalating energy and economic crisis.
ExxonMobil advances seismic surveys in Guyana in 2026 in bid to expand oil exploration
ExxonMobil has extended its geophysical and seismic survey program in Guyana's Stabroek Block through December 31, 2026.
Mexico imports more petrol than it produces despite Pemex efforts
Brazil's Raizen hires Rothschild to advise on debt restructuring amid shareholder impasse
Brazilian sugar, ethanol and fuel distributor Raizen is in talks with Rothschild to advise on restructuring its debt amid an impasse among shareholders over capitalisation plans amid BRL68.6bn ($13.2bn) in debt.
Colombia's Ecopetrol contractor jobs rise 5% to 87,130 in 2025 with local hiring focus
Ecopetrol generated 87,130 accumulated contractor positions during 2025, representing nearly 5% growth from the previous year, as Colombia's state oil company prioritises local workforce development across operational regions
Air Canada halts Cuba flights amid aviation fuel shortage
PDVSA restores output as US licences unclog Venezuelan crude exports
The rebound follows a steep pullback triggered by a US oil blockade that left large volumes marooned in storage and forced cuts across PDVSA’s fields, with the heaviest impact in the Orinoco Belt
Venezuela debt overhaul seen as years away despite political shift
Oxford Economics, via its Alpine Macro unit, says entrenched legal risks, the sheer complexity of the country’s liabilities and the lack of deep structural reform are likely to slow any meaningful progress
US Energy Secretary plans Venezuela visit to open talks on PDVSA reform
US Energy Secretary Chris Wright plans to travel to Venezuela in the coming days to open discussions with local officials on the future of state-owned oil company Petróleos de Venezuela SA
Shell weighs return to Venezuelan gas as sanctions ease
The British energy major is considering a strategy that would rely on Trinidad and Tobago as a processing and export hub for gas extracted from Venezuelan waters, leveraging infrastructure where Shell already has operations
US forces board Venezuelan-linked tanker in Indian Ocean enforcement operation
US military forces boarded the oil tanker Aquila II, a vessel linked to Venezuela, in the Indian Ocean during an operation announced on February 9 by the US defense secretary, according to the Department of Defense
Reliance resumes Venezuelan crude imports after US intervention
The Indian refiner has taken delivery of a Very Large Crude Carrier carrying about 2mn barrels
Brent set to fall 10% in 2026, analysts say
The average price of Brent crude oil is expected to fall by around 10% in 2026 to $62.1 per barrel, despite a recent rise in prices, as a persistent supply surplus continues to weigh on the global market.
Bolivia's YPFB expands inspections after substandard petrol damages vehicles
Bolivia’s state energy group YPFB is tightening fuel quality controls after isolated cases of substandard petrol triggered transport protests and raised broader concerns over the country’s fuel distribution system.
Shell denies plans to exit Argentina’s Vaca Muerta shale play
Shell denied reports that it is planning to exit Argentina’s Vaca Muerta shale formation, with senior executives dismissing recent media claims that the Anglo-Dutch energy group was considering selling its assets in the region.
Venezuela courts Maurel & Prom as oil law reform aims to lift output
Venezuela’s interim president Delcy Rodríguez met with executives from France’s Maurel & Prom as the government steps up efforts to attract foreign partners and revive domestic hydrocarbon production
Repsol resumes Venezuelan crude imports after US sanctions eased
Spain’s Repsol SA has begun receiving about 2mn barrels of Venezuelan heavy crude at its refineries, marking its first intake from the country in more than a year following a relaxation of US oil sanctions
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