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 licence expansion puts Venezuela oil output on track for pre-blockade levels
Venezuela could restore crude production to levels seen before Washington imposed a naval blockade, potentially by mid-2026, as the US broadens licences for companies operating in the country
Russia decries US licence terms for Venezuela oil activity as discriminatory
Foreign Minister Sergei Lavrov said the conditions amounted to “blatant discrimination” against countries with longstanding investments in the South American nation
Russia condemns US 'suffocation' of Cuba as fuel crisis deepens
Russia accused the United States of employing "suffocating tactics" against Cuba and pledged assistance to the island as it confronts a critical fuel shortage triggered by Washington's oil embargo
Cuba faces record 64% blackout as US oil embargo deepens power crisis
Cuba's state electricity company forecast that 64% of the island would lose power simultaneously during peak demand hours on February 10, marking the highest blackout rate since the utility began publishing regular data in 2022.
Colombia's Ecopetrol governance under strain as CEO faces criminal charges
Colombia's prosecutor-general filed criminal charges against Ricardo Roa, president of state-run oil company Ecopetrol, for alleged violations of electoral spending limits and influence peddling.
Colombia's Ecopetrol CEO faces charges over campaign finance and influence peddling
Shell planning to invest $700mn in Argentina's Vaca Muerta in 2026
Shell plans to invest $700mn in Argentina's Vaca Muerta shale formation during 2026, according to local press reports. This comes just daysafter senior executives dismissed speculation about a potential asset sale.
Venezuela’s Amuay refinery remains partially offline after power failure
The complex, located on the Paraguaná Peninsula in Falcón state, has capacity to handle up to 645,000 barrels of crude a day
US authorises oil companies to restore Venezuela infrastructure
The US has cleared the way for American companies to supply equipment and services needed to restore Venezuela's ailing oil and gas infrastructure, in the most substantial expansion of sanctions relief since Washington seized control of the country.
Norway's Equinor to divest entire Argentine Vaca Muerta operation
Norwegian energy major Equinor announced that it has decided to divest its entire onshore position in Argentina's Vaca Muerta shale basin to Vista Energy for approximately $1.1bn..
Mercuria nears $1bn deal for Raizen's Argentina refinery and fuel network
Mercuria Energy Group is close to acquiring a refinery and around 700 service stations in Argentina from Raizen SA in a deal that could be worth more than $1bn, according to people familiar with the negotiations.
Swiss Mercuria eyes Argentina fuel assets
Mercuria Energy Group is nearing an agreement to purchase an Argentine refinery and a network of service stations from Brazil’s Raizen SA, according to people familiar with the talks.
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
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