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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Vaca Muerta posts strong January output as conventional oilfields continue to decline
Argentina’s Vaca Muerta shale formation started 2026 with one of its strongest January performances on record, as oil and gas companies ramped up hydraulic fracturing activity while production from conventional fields continued to fall.
S&P Global denies Mexico's Pemex rating upgrade despite energy secretary's claim
S&P Global has denied upgrading Mexican state oil company Pemex's credit rating on February 4, 2026 despite Energy Secretary Luz Elena González stating that an improvement had occurred.
Mexico sold $496mn in petroleum to Cuba during 2025 as US tariff threat suspends shipments
Mexico's state oil company Pemex sold $496mn in crude and refined products to Cuba during 2025, the company reported on 4 February 2026, as Washington's tariff threats have suspended supplies to the island.
US green-lights diluent shipments for Venezuelan crude blending
US prepares licence allowing companies to pump Venezuelan oil
Russian companies being forced out of Venezuela – Lavrov
Colombia's Petro pitches Ecopetrol role in Venezuela recovery during Trump talks
Colombian President Gustavo Petro said he proposed a role for state-owned oil producer Ecopetrol in Venezuela’s economic recovery during recent talks with US President Donald Trump at the White House
Shell sells 20% stake in Brazil's Orca deepwater gas project to Kuwait Petroleum
Shell agreed to sell a 20% stake in Brazil's Orca deepwater gas project to Kuwait Foreign Petroleum Exploration Company (KUFPEC) for an undisclosed sum.
Guyanese crude output projected to rise 17.9% in 2026
Guyana's crude production is projected to surge 17.9% to average 840,000 barrels per day in 2026 as the country accelerates offshore development and expands its customer base beyond traditional Western markets.
Brazil oil output hits new peak
Brazil’s oil and gas production rose to 4.89mn barrels of oil equivalent per day in 2025, up 13.3% from a year earlier and the highest level on record, according to data from the National Agency of Petroleum, Natural Gas and Biofuels.
Guyana strengthens trade ties with US and Europe through crude oil exports
Guyana has strengthened its trade ties with the United States, Panama, and several European countries through its crude oil exports.
Guyana may be heading towards ‘resource curse’
Guyana’s transformation into a major oil producer has been so rapid that it has outpaced the country’s ability to absorb and distribute the wealth it is generating.
Regional gas cooperation advancing in Caribbean
Shell along with Trinidad and Tobago's state gas company are continuing to plan for a Venezuelan offshore project that officials say could begin flowing gas by late 2027.
GeoPark to buy rival Frontera’s Colombia assets, extend Vitol offtake
Bogotá-based GeoPark Ltd has agreed to acquire rival Frontera Energy Corp’s oil and gas exploration and production assets in Colombia for up to $400mn.
Venezuela, India pledge broader ties as oil sector opens to foreign buyers
Venezuela and India agreed to deepen their bilateral relationship across multiple sectors following a call between interim president Delcy Rodríguez and Indian Prime Minister Narendra Modi
Exxon sees reform as prerequisite for any Venezuela return, CEO says
Exxon Mobil Corp remains reluctant to re-enter Venezuela despite the country’s vast crude reserves, pointing to years of nationalisations, policy instability and economic deterioration
Chevron beats estimates as Venezuela bets offset fourth-quarter profit drop
Chevron Corp posted a decline in fourth-quarter earnings but exceeded analyst expectations as cost controls and efficiency gains helped cushion the impact of softer oil prices heading into 2025
Equinor to divest Vaca Muerta onshore assets in $1.1bn deal
Equinor has agreed to sell its onshore assets in Argentina’s Vaca Muerta shale basin to Vista Energy, as the Norwegian group sharpens its international portfolio and shifts its focus in the country towards offshore exploration.
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