LatAmOil - Latin America Oil & Gas

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Oil & Gas

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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Cuba's energy collapse deepens after Mexico halts key oil supplies

10 February 2026

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

10 February 2026

ExxonMobil has extended its geophysical and seismic survey program in Guyana's Stabroek Block through December 31, 2026.

Brazil's Raizen hires Rothschild to advise on debt restructuring amid shareholder impasse

10 February 2026

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

10 February 2026

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

PDVSA restores output as US licences unclog Venezuelan crude exports

10 February 2026

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

10 February 2026

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

9 February 2026

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

9 February 2026

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

9 February 2026

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

9 February 2026

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

9 February 2026

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

9 February 2026

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

9 February 2026

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

9 February 2026

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

9 February 2026

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

India signals openness to Venezuelan crude as US pressure curbs Russian supplies

9 February 2026

India is prepared to consider resuming oil imports from Venezuela, positioning Caracas as a potential energy partner as New Delhi confronts the need to replace Russian barrels under pressure from the US

Repsol resumes Venezuelan crude imports after US sanctions eased

9 February 2026

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

ConocoPhillips puts debt recovery ahead of new drilling in Venezuela

9 February 2026

ConocoPhillips is prioritising efforts to recover billions of dollars owed by Venezuela rather than rushing back into drilling or new oil developments, according to Chief Executive Officer Ryan Lance

Brazil’s Petrobras receives $280mn earn-out payment from Sépia, Atapu partners

9 February 2026

Petrobras said it has received BRL1.65bn ($280mn) in earnout payments from its partners in the Sépia and Atapu offshore blocks as compensation tied to elevated crude oil prices in 2025.

Brazil’s Eneva in early Venezuela oil talks

8 February 2026

Brazilian energy company Eneva is exploring ways to enter Venezuela’s oil and gas industry and is in preliminary discussions with Sweden’s Maha Capital about a possible joint venture.

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