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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Ecuador posts South America's lowest inflation in August at 1.12%
Veteran Chevron oilman says PDVSA is freezing him out despite $2bn Venezuela fund
Ali Moshiri, the veteran oil executive who steered Chevron's decision to remain in Venezuela through years of political upheaval, says state oil company PDVSA is now freezing him out despite lining up $2bn from roughly 15 investors
US faces scrutiny over Venezuela oil revenues as Congress seeks audit
The US State Department is facing growing pressure from Congress to disclose how much revenue Washington has collected from Venezuelan oil sales and how the funds have been used
IDB prepares two-year Venezuela plan focused on power and social needs
US Wright says Venezuela will hold elections, gives no date
US Energy Secretary Chris Wright said Venezuela will eventually hold elections but gave no timetable, while saying Washington’s immediate focus is economic stabilisation and that Continental Resources plans to invest about $2bn in Venezuelan oil
Brazil’s Petrobras says Foz do Amazonas oil could rival pre-salt
Oil recovered from Petrobras’ Morpho exploration well in Brazil’s Foz do Amazonas basin could be of higher quality than crude from the country’s pre-salt fields, as the state-run producer prepares to drill nearby wells next year.
Technip Energies wins project management role on Mexico's Amigo LNG scheme
Technip Energies (Euronext:TE) (NYSE:TE) has been appointed by Amigo LNG, a Mexican joint venture between Texas-based Epcilon LNG and Singapore's LNG Alliance, as enhanced project management consultant (ePMC) on the Amigo LNG project in Mexico.
Mexico seizes 371,000 barrels of fuel at Bajio terminal amid tax fraud probe
Mexican federal prosecutors (FGR) seized around 371,000 barrels of petrol and diesel at a major rail-linked storage terminal in the Bajio region.
Chile weighs ethanol blend for petrol as soaring oil costs squeeze budget
Chile, one of Latin America's largest oil importers, is studying a shift to E10 ethanol-blended petrol as spiking oil prices strain the economy and public finances, according to documents seen by Reuters.
Moody's upgrades Petro-Perú outlook to positive after $475mn bridge loan
Moody's Ratings has kept Petro-Perú's credit rating at Caa1, or "junk bond" status, but upgraded its outlook from negative to positive, citing the Peruvian government's demonstrated willingness to support the state oil company.
US Continental Resources plans about $2bn Venezuela oil project
Continental Resources plans to invest about $2bn in developing an oil project in Venezuela, with spending directed towards new wells and higher oil and gas output, US Energy Secretary Chris Wright said
Colombia's Ecopetrol weighs Venezuela oil, gas and power opportunities after board overhaul
Ecopetrol is facing a set of potential energy businesses in Venezuela as political and regulatory conditions change, while its newly renewed board prepares to set the company’s strategy
Colombia's Ecopetrol new board faces test on leadership, reserves and capital
Ecopetrol’s new nine-member board faces a broad agenda of leadership, capital allocation and reserve replacement challenges after shareholders replaced six directors on September 15, as the Colombian oil company comes under greater scrutiny
Brazil drives Miros offshore expansion
Miros won more than 10 offshore technology contracts in South America from January to September 2026, with Brazil generating most deals and further work in Guyana.
CoreMarine expands Brazil offshore operations
CoreMarine has acquired Brazilian offshore construction company BravOcean as it seeks to expand its presence in Brazil’s subsea market.
Petrobras joins Brazil diesel subsidy scheme
Petrobras’ board has approved the state-controlled oil company’s participation in a government programme that will provide a BRL1 ($0.19) per litre subsidy for diesel for 30 days, with the measure eligible for another 30-day extension.
Cuba power grid collapse deepens energy crisis
Cuba’s electricity grid suffered a nationwide collapse on September 18, leaving millions without power as fuel shortages and ageing infrastructure put further strain on the country’s energy system
Noboa seeks US oil investment as Ecuador targets 500,000 bpd by 2027
Ecuadorean President Daniel Noboa said he is negotiating with foreign companies to lift the country's oil production to half a million barrels a day by 2027, whilst pressing Washington for greater private investment rather than aid.
Bolivia's YPFB rules out petrol price rise, calms fears over new diesel decree
Bolivia's state oil company YPFB said on September 21 that petrol prices remain unchanged, dismissing speculation triggered by the entry into force of Supreme Decree 5716, which updates the country's diesel pricing regime.
Bolivia relaunches refineries to process imported crude, cut fuel shortages
Bolivia's state oil company YPFB began processing imported crude at its refineries on September 18, aiming to boost domestic output of petrol, diesel and jet fuel and ease fuel shortages, according to local press.
ExxonMobil to survey environmental conditions offshore Guyana
ExxonMobil (NYSE: XOM) will start a new environmental monitoring campaign in Guyana's Stabroek Block on September 27.
Halliburton seeks vendor to upgrade Guyana mud plant
Halliburton (NYSE: HAL) is looking for qualified vendors to upgrade the oil-water separator at its liquid mud plant in Guyana.
Vallourec wins Brazil contract for Petrobras’ Sepia 2
Vallourec has secured a contract from Subsea7 to supply carbon steel line pipe and thermal insulation coating for Petrobras’ Sepia 2 project in Brazil’s pre-salt Santos Basin, with the award covering about 130 km of rigid risers and flowlines.
Brazil’s Petrobras secures 20-year US LNG deal
Petrobras has agreed to buy 800,000 tonnes of liquefied natural gas a year from Sempra Infrastructure for 20 years, with supplies coming from the Port Arthur LNG Phase 2 project under construction in Texas.
Fitch affirms Vista Energy Argentina at BB- after bond reopening
Vista Energy Argentina S.A.U.'s reopening of its senior notes due 2038 will not alter the company's 'BB-' long-term foreign- and local-currency issuer default ratings, Fitch Ratings said on September 21.
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