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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Canada's Gran Tierra to exit South America with $1.33bn sale to Maurel & Prom
Canadian oil producer Gran Tierra Energy agreed to sell its Colombian and Ecuadorean operations to France's Maurel & Prom for $1.33bn, including debt, as the company reshapes its portfolio and reduces financing costs
Brazil moves on two fronts to ease natural gas costs
Brazil's E32 ethanol blend takes effect despite legal challenge
Brazil's higher mandatory ethanol blend in regular petrol took effect on 1 August despite a legal challenge from federal prosecutors, with the government estimating the change will shave about 0.03 BRL off the price of a litre of fuel.
Brazil moves to update marine fuel rules for biofuels and LNG
Brazil has opened a public consultation on proposed changes to its marine fuel regulations that would expand the use of biofuels and alternative fuels in the country's shipping sector.
Pemex doubles gas flaring as infrastructure gaps undermine drive to cut US imports
Petróleos Mexicanos (Pemex) more than doubled the volume of natural gas flared during the second quarter of 2026, burning an average of 778mn cubic feet per day, a 99% increase on the same period of 2025.
ExxonMobil Guyana uncovers four new oil opportunities using AI
ExxonMobil confirmed that it has identified four additional exploration opportunities in Guyana's Stabroek Block using artificial intelligence models trained on previous discoveries and drilling operations.
Cuba opens oil sector as US tightens sanctions
The Cuban government will allow private domestic and foreign companies to take part in oil and gas production from August under concession agreements and at the same time, the US announced new sanctions against three Cuban energy companies.
Vaca Muerta fracture activity slows in July as YPF retains leading share
Hydraulic fracturing activity in Argentina’s Vaca Muerta shale formation fell to 2,010 stages in July from 2,760 in June, the lowest monthly level of 2026, although state-controlled YPF accounted for more than half of all operations.
Argentina approves $360mn Compañía Mega gas-processing investment under RIGI
Argentina has approved Compañía Mega’s entry into the country’s incentive regime for large investments (RIGI), allowing a $360mn project to expand natural gas liquids processing capacity in a move aimed at supporting the growth of Vaca Muerta.
Argentina's YPF backs share split to attract retail investors, CEO says
Argentina's state energy firm YPF is using a 10-for-1 share split to broaden its retail investor base and make the company more accessible to ordinary Argentines, Chief Executive Horacio Marín said at the Forbes Energy Summit 2026.
South Korea plans to start importing Argentine crude in 2027
South Korea plans to begin importing crude oil from Argentina in 2027 with initial purchases of about 880,000 barrels as Seoul seeks to diversify energy supplies away from the Middle East.
Vaca Muerta fracture activity slows in July while YPF maintains leading position
Hydraulic fracturing activity in Argentina’s Vaca Muerta shale formation slowed sharply in July, with 2,010 fracture stages completed compared with 2,760 in June.
Cuba seeks to expand rail partnership with Russia amid transport push
Cuba is seeking to deepen cooperation with Russia to modernise and expand its railway network, with the country's rail system remaining heavily dependent on Russian-built equipment, First Deputy Transport Minister Luis Roberto Roces said
Cuba restores national grid after consecutive blackouts deepen energy crisis
Cuba restored its National Electricity System (SEN) on August 4 after two nationwide blackouts within 36 hours left most of the island without power, state utility Unión Eléctrica (UNE) said
Colombia's Cerro Matoso halves nickel output after Canacol gas supply cuts
Cerro Matoso said on August 4 it has cut nickel production by 50% indefinitely after restrictions to natural gas deliveries from Canacol Energy disrupted fuel supplies required for its operations
Venezuela oil exports ease in July as US purchases reach highest since 2019
Venezuela's crude exports declined modestly in July after reaching a two-year high earlier in the quarter, although deliveries to the United States climbed to their strongest level since early 2019
Venezuela oil push awaits contracts despite Trump's early promise
Trump's plan to bring American energy companies back into Venezuela's oil sector has yet to produce a single new contract, highlighting the slow pace of a strategy that was expected to rapidly expand production in the South American country
Intermoor wins Brazil’s Petrobras contract
Intermoor, Acteon's moorings and anchors business, has secured a three-year contract from Petrobras to provide inspection, maintenance and operational support services for subsea mooring and anchoring equipment.
Ecuador's $300mn oil price insurance draws scrutiny over timing and priorities
Ecuador's government spent $300mn on oil price insurance, also known as hedging, contracted by state oil company Petroecuador in April 2026 to shield public finances from a potential collapse in crude prices through December 2026.
Bolivia's gas exports fall 13% in first half as reserves shrink to decade low
Bolivia's natural gas exports fell 12.9% to $498.1mn in the first half of 2026, down from $571.7mn in the same period last year, according to data from the Instituto Nacional de Estadística (INE).
YPF develops new Vaca Muerta wells to support Argentina LNG export project
Argentine state energy firm YPF is developing 12 new wells in the Vaca Muerta shale formation to secure gas supply for the Argentina LNG project, whose first phase will rely on floating liquefied natural gas (FLNG) units off the coast of Río Negro.
Bolivia braces for "Super El Niño" and gas shortfall with no formal plan in place
Bolivia faces a combined threat from an intensifying El Niño weather pattern and declining natural gas production that could shave between 0.3 and 2 percentage points off national economic output.

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