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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Venezuela's Rodríguez, US delegation review energy cooperation and earthquake response
Venezuela and the US have signed a Framework Confidentiality Agreement and a Technical and Financial Alliance between state-owned PDVSA and Shell
Venezuela's refining industry lags as oil output recovers
Venezuela's refining industry remains mired in disrepair despite a rebound in crude production and renewed interest from foreign energy companies, underscoring the scale of investment needed to restore the country's ageing fuel-processing network
Ecoanalítica sees Venezuela economy growing despite earthquake damage
The consultancy expects oil to remain the main engine of growth, forecasting crude output will rise 16.9% this year to 1.3mn barrels per day (bpd), led by private-sector activity
Colombia's SPEC schedules regasification terminal maintenance ahead of El Niño
Colombia's Sociedad Portuaria El Cayao (SPEC) will carry out scheduled maintenance at its Cartagena regasification terminal from July 30 to August 3, following coordination across the energy sector to prepare the country's gas infrastructure
Colombia's Ecopetrol launches tender to secure LNG imports for Buenaventura terminal
Ecopetrol has opened a public competitive tender to procure liquefied natural gas (LNG) for its planned regasification terminal in Buenaventura, as the Colombian state-controlled energy company seeks to strengthen the country’s gas supply
US targets Cuban energy firms with new sanctions on gas imports and oil research
The US imposed fresh sanctions on three Cuban energy companies, including a state-owned petroleum research entity and two gas importers, expanding measures against the island's energy sector under Executive Order 14404, the US State Department said
Venezuela’s oil billions expose the price of US control
The Trump administration’s refusal to provide a clear account of more than $13bn in Venezuelan oil revenue is becoming increasingly difficult to defend.
Middle East tensions push Mexican crude export price above forecasts
The export price of Mexican crude oil closed at $79.19 per barrel on July 27, a 4.67% rise from the roughly $53 per barrel recorded in late 2025, as escalating tensions in the Middle East lifted global energy markets and boosted revenue prospects.
Guyana and Suriname poised to become regional natural gas leaders
Guyana and Suriname possess substantial natural gas resources that could position both countries as regional energy exporters, according to analysis from Wood Mackenzie.
Talos Energy to farm into Repsol's Block 29 development off Mexico
US-based Talos Energy Inc. (NYSE: TALO) announced on July 27 it has signed a definitive agreement to acquire a 50% working interest in the Block 29 development off the coast of Mexico, operated by Spanish firm Repsol.
IMF chief visited Vaca Muerta after meetings with Milei and Caputo
Argentina’s Economy Minister Luis Caputo said on July 27 that IMF Managing Director Kristalina Georgieva had shown particular interest in the country’s energy sector and travelled to oil-rich Vaca Muerta in Neuquén province.
Argentina-Brazil gas project highlights strategic trade ties despite political tensions
Argentina and Brazil are pursuing a major regional infrastructure initiative to supply Brazilian markets with gas from the Vaca Muerta shale formation through Bolivia.
Colombia tightens grid resilience ahead of strong El Niño
Colombia has adopted new measures to strengthen the resilience and reliability of its national electricity grid as authorities prepare for the potential impact of a strong El Niño weather event, the Ministry of Mines and Energy said
Colombia's Ecopetrol seeks removal of leaked files after cyberattack
Ecopetrol is working with Colombian authorities to remove confidential information illegally published online following a cyberattack disclosed earlier in July 2026
Venezuela’s top court clears Halliburton to resume oilfield services operations
Venezuela’s Supreme Court of Justice authorised Halliburton to restart operations in the country, saying the continued suspension of the US oilfield services company’s activities could damage state assets
Trump deflects questions over $13bn in Venezuelan oil revenue
US President Donald Trump declined to provide details about the whereabouts of at least $13bn in proceeds from Venezuelan oil sales administered by the US government since Nicolás Maduro was captured in January
Venezuela’s El Palito refinery to shut for up to four weeks for maintenance
PDVSA plans to temporarily close the 146,000-barrel-a-day refinery in Carabobo state for a comprehensive assessment of its facilities
Venezuela reviews second-half oil targets as Orinoco Belt production drive intensifies
Venezuela’s hydrocarbons authorities met in southern Anzoátegui state to assess oil production targets for the second half of 2026, as the government seeks to strengthen operations across the Hugo Chávez Orinoco Oil Belt
Iran says European warships near Hormuz are legitimate targets
Any European warship approaching the Strait of Hormuz is a legitimate target, Iran's deputy foreign minister for legal affairs has said, adding that Tehran's policy is that the waterway will never return to its pre-war condition.
Argentina and Neuquén province reach new oil and gas output record
Neuquén province achieved record hydrocarbon output in June, producing 648,114 barrels of oil per day and 118.64mn cubic metres of gas daily, the provincial government publicly announced.
Guyana seizes competitive advantage through its light crude oil
Guyana's crude has long attracted refiners for its light, sweet chemical composition, however its environmental qualities are emerging as a selling point.
Argentina's energy trade surplus reaches highest first-half level in a decade
Argentina recorded its strongest energy trade balance for the first six months of the year in more than a decade, with the sector's surplus increasing by $2.2bn from the same period in 2025.

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