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 output seen insufficient to offset Hormuz supply disruption
The South American country produces around 1mn bpd, highlighting a gap that analysts say is too large to close
Cuba restores power after third March blackout as officials warn demand still exceeds supply
Cuba's national electricity grid collapsed for the third time in March on March 21 after an unexpected shutdown of a generating unit at the Nuevitas thermoelectric plant in Camagüey province triggered a cascade failure that cut power
Venezuela’s interim president confirms Obregón at PDVSA helm
The measure, formalised on March 20, also introduces a reshaped board aimed at strengthening operational management at the country’s main industry
Venezuelan transparency portal questioned after activist flags data inconsistencies
The effort followed an announcement by Jorge Rodríguez regarding the creation of a portal to detail oil income and spending
Brazil rate outlook shaken by oil surge
A surge in oil prices and signals from Central Banks triggered a repricing in global bond markets last week, with investors reassessing interest rate paths across major economies.
Oil surge eases Brazil budget pressure
Brazil’s government is expected to benefit from higher oil prices in its upcoming revenue and expenditure report, reducing the likelihood of an immediate budget freeze.
Guyana's Yellowtail could hit 290,000 b/d as ExxonMobil seeks government green light for output boost
Venezuelan bonds gain as US relaxes PDVSA restrictions
The shift was reflected in prices, with the sovereign bond due in 2031 rising to 50.25 cents on the dollar, while PDVSA’s 2027 notes advanced to 35.35 cents
US extends Citgo shield as legal battles over Venezuelan debt drag on
The US Treasury Department has prolonged protections for Citgo Petroleum, temporarily blocking creditors from seizing the Venezuelan-owned refiner as legal disputes tied to more than $20bn in claims continue to unfold
Venezuela’s oil shipments to Cuba tied to expansion of repressive apparatus, report says
According to the study, deliveries peaked at roughly 105,000 barrels a day between 2008 and 2012
Panama Canal operating at full capacity amid Iran conflict
The Iran conflict has pushed the Panama Canal to full capacity handling up to 38 ships per day.
Brazil eyes Bolivia gas for fertilisers
Brazil could use natural gas from Bolivia to expand domestic fertiliser production, Jorge Viana, head of ApexBrasil, said during a business forum in São Paulo.
Brazil races to avert truck strike
Brazil’s government is coordinating measures to limit the impact of rising diesel prices and avoid a truckers’ strike, as pressure builds ahead of an election year, officials and industry groups said.
Brazil ships food and medicines to Cuba via WFP as oil crisis pushes island to the edge
Brazil announced the dispatch of more than 20,000 tonnes of food to Cuba alongside a separate medicines shipment already delivered by air, channelled through the World Food Programme (WFP), as the island faces its most acute humanitarian emergency
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
Russian diesel tanker breaks Cuba's fuel drought with 200,000-barrel cargo after weeks adrift
A Hong Kong-flagged tanker that had remained stationary in the Atlantic for several weeks resumed navigation towards Cuba carrying an estimated 200,000 barrels of Russian diesel — enough to cover roughly 10 days of national consumption
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.

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