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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Washington adds Cuba to Russian oil ban as sanctioned tankers close in on Havana
The US Treasury's Office of Foreign Assets Control added Cuba to a general licence blocking the sale, delivery or offloading of Russian crude and petroleum products, CNBC reported, drawing a direct legal line against the two tankers
Colombia's Ecopetrol faces strike threat as workers' union demands board oust CEO over criminal charges
Colombia's largest oil workers' union threatened to mobilise workers and call a strike unless Ecopetrol's board removes chief executive Ricardo Roa, escalating pressure on the state-controlled driller's leadership amid a widening investigation
Colombia's Ciénaga LNG clears ANI port concession milestone, targeting Q1 2028 start
Ciénaga LNG cleared a critical regulatory hurdle in March after Colombia's Agencia Nacional de Infraestructura (ANI) set the conditions for a port concession covering its planned floating gas import terminal off the Caribbean coast, project director
Brazil fuel strains test supply
Fuel distributors in Brazil’s centre-south have raised concerns about gasoline availability as demand rises and refiners adjust sales strategies, according to market participants.
Brazil clears offshore decommission plan
Brazil’s oil regulator ANP has approved the conceptual decommissioning plan for the FPSO P-43 in the Barracuda field in the Campos Basin, according to regulatory information.
Bolivia taps Brazil as energy lifeline as Paz pitches investor overhaul to Petrobras
Bolivia is seeking to reposition Brazil as a cornerstone economic partner as it attempts to reverse declining hydrocarbon output and attract fresh investment into its struggling energy sector.
Compañía Mega proposes $360mn Vaca Muerta midstream expansion under RIGI framework
Argentinian midstream leader Compañía Mega has submitted a $360mn investment proposal to the ministry of economy to significantly expand its natural gas liquid processing and transport capacity in the Vaca Muerta shale formation.
Pan American Energy ramps up Vaca Muerta output and advances LNG export project
Pan American Energy (PAE) plans to significantly increase oil and gas production in Argentina in 2026, backed by annual investments averaging $1.6bn, as the company expands operations in the Vaca Muerta shale formation.
Colombia oil output slips 3% in January as gas hits record low and imports surge
Colombia's crude oil production dropped 3% year-on-year to 746,400 barrels per day in January 2026, down from 769,800 b/d in the same month of 2025, and fell 0.1% — equivalent to 7,000 fewer barrels — against December 2025
Brazil's oil export tax faces legal challenge risk as government uses levy to fund fuel subsidies
Brazil's decision to impose a 12% export tax on oil and diesel to fund fuel subsidies is reviving memories of a similar measure in 2023 that was struck down by the courts, with lawyers warning fresh legal challenges from the oil sector are likely.
Brazil's airlines seek tax relief as players warn Petrobras could hike jet fuel by 50%
Brazil's aviation sector is seeking emergency tax relief as the Iran war risks driving jet fuel prices up by as much as 50%, industry sources warn.
Brazil fuel crisis deepens as diesel surges, truckers weigh strike
Brazil is facing a deepening fuel crisis as diesel prices soared nearly 20% at the pump in the first half of March, President Luiz Inácio Lula da Silva blamed unscrupulous market participants, and truck drivers threatened a nationwide strike.
Neuquén plans hydrocarbons licensing round to boost Vaca Muerta development
Argentina’s Neuquén province is preparing to launch a new hydrocarbons licensing round on August 19, Governor Rolando Figueroa said, as authorities seek to expand investment in the Vaca Muerta shale formation and capitalise on growing interest.
Colombia's Terpel posts 18.4% EBITDA surge in 2025 as EV charging and solar push beyond fuel roots
Organización Terpel reported full-year 2025 revenues of COP 38.1 trillion ($8.86bn), up 4.3% year-on-year, and a consolidated EBITDA of COP 1.76 trillion ($409mn), a rise of 18.4%, according to the company's 2025 management and sustainability report
Petrobras and Ecopetrol confirm deepwater gas find off Colombia, strengthening Caribbean gas province
Petrobras and Ecopetrol confirmed a natural gas discovery at the Copoazú-1 exploratory well in Block GUA-OFF-0, located roughly 36km off Colombia's Caribbean coast in 964 metres of water, according to joint announcements by both companies
Mexico's Pemex names Cárdenas to lead new advisory commission on anniversary of oil nationalisation
Floodwater carrying oily residue ignites outside Pemex's Olmeca refinery in Mexico killing five
US appeals court pauses YPF-related lawsuits as Argentina awaits key ruling
A US appeals court has ordered a temporary suspension of all legal proceedings linked to the expropriation of Argentine oil company YPF, granting Argentina’s request to halt enforcement actions.
Brazil eyes higher Bolivian gas imports to shore up supply amid regional energy push
Brazil is seeking to expand natural gas imports from Bolivia as part of a broader strategy to reinforce energy security and deepen bilateral integration, following high-level talks between the two countries.
Venezuela oil output tops 1mn bpd as post-Maduro reforms and US ties reshape sector
Venezuela’s oil sector is showing renewed momentum, with crude production rising close to 10% in February to surpass the symbolic threshold of 1mn barrels per day, according to figures from OPEC.
Latin America protects domestic markets as oil, gas prices rise
Mexican President Claudia Sheinbaum announced her government will apply fuel subsidies through reductions in the IEPS excise tax on both petrol and diesel as the Middle East conflict pushes up global oil prices and strains domestic fuel costs.
Colombia, Venezuela eye natural gas integration amid sanctions and supply pressures
Natural gas has become a central pillar in the evolving energy relationship between Colombia and Venezuela as both countries seek to rebuild ties while addressing shifting supply dynamics and geopolitical constraints.
US refiners ramp up Venezuelan crude intake as global oil flows shift
Imports of Venezuela’s heavy crude — a key feedstock for complex Gulf Coast refineries — jumped sharply in early March, with volumes rising in a short span
Oil majors reassess Venezuela as price surge revives investment appeal
Once labelled “uninvestable” amid political turmoil, the country is being reconsidered due to its vast reserves
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