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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Equinor advances Brazil gas project
Brazil’s PetroReconcavo June output edges higher
PetroReconcavo produced 24,000 barrels of oil equivalent per day (boe/d) in June, up 0.8% from the previous month but 10.4% below the level recorded a year earlier, the Brazilian independent oil producer said.
Russia diesel ban poses limited near-term risk for Brazil
Russia's temporary ban on diesel exports has raised concerns for Brazil, one of Moscow's largest overseas buyers, but the immediate impact is expected to be limited.
China pullback hits Brazil oil prices
Weaker Chinese demand for Brazilian crude and rising output from Brazil have pushed cargo prices to their lowest levels in more than six years, according to traders and refining sources cited by Platts, part of S&P Global Commodity Insights.
Venezuela sets oil tax framework under new hydrocarbons regulations
Venezuela's new regulations implementing the reformed Organic Hydrocarbons Law have taken effect following their publication in Extraordinary Official Gazette No. 7.052
Venezuela oil rules remove PDVSA from industry framework
Venezuela's interim government has unveiled sweeping oil regulations that dismantle the long-standing dominance of Petróleos de Venezuela SA over the country's energy industry, opening every stage of the business to private operators
Bolivia's YPFB targets month-end fix for fuel shortage as drivers threaten renewed protests
Bolivia's state oil company YPFB expects to resolve the country's latest fuel supply crisis by the end of July, according to deputy chief Víctor Hugo Blacud.
Bolivia opens talks with Petrobras to expand Brazilian firm's role in gas sector
Bolivia's government has launched technical negotiations with Petrobras aimed at expanding the Brazilian oil major's participation in the country's hydrocarbons sector, which has been hit by years of declining natural gas production.
Bolivia to hold technical talks with Petrobras on production return, YPFB restructuring
Bolivia will launch technical talks next week with Brazil's state-run oil firm Petrobras on a possible return to exploration and production in the country, Energy Minister Marcelo Blanco said on July 9.
Colombia cuts energy poverty by 1.7 points in a year, ministry reports
More than 1.5mn Colombians, spanning roughly 490,000 households, moved out of energy poverty over the past two years
Colombia risks energy crisis as potential super El Niño looms, report warns
Colombia faces a growing risk of energy crisis this year as a potential Super El Niño threatens to curb hydroelectric output just as the country's dependence on costly liquefied natural gas imports deepens
Sempra’s Energia Costa Azul exports first LNG cargo from Mexico plant
US LNG developer Sempra exported its first cargo from its Energia Costa Azul LNG project located in Ensenada, Mexico.
Ecuador reforms fuel pricing formula to cut diesel, petrol costs
Ecuador's government reformed its fuel-pricing mechanism on July 9, a move that will lower the cost of Extra and Ecopaís petrol, and diesel from July, the Presidency said in a statement. The change was formalised under Executive Decree 444
Cuba tells UN assembly US sanctions amount to 'energy siege,' seeks action
Cuba's foreign minister, Bruno Rodríguez Parrilla, told the UN General Assembly that Washington was conducting an "energy siege" against the island and called on the body to act against US sanctions
Cuba restores grid after eighth national blackout in a year
Cuba's National Electroenergy System was reconnected in the early hours of July 8, restoring power nationwide after the eighth total blackout the island has suffered in the past year
Former Pemex CEO arrested for alleged domestic violence
According to the Mexican National Registry of Detentions, Víctor Rodríguez Padilla, President Claudia Sheinbaum-appointed former CEO of Petróleos Mexicanos (Pemex), was arrested on July 7 in relation to a video of him assaulting his wife.
Pemex sales of domestic fuel rise in first half of 2026 above pre-pandemic levels
According to the Mexican state oil firm's institutional database, Petróleos Mexicanos (Pemex) sold 29.42bn litres of petroleum products domestically, showing an 8.6% rise from the same period last year and the highest volume since 2019.
Petroecuador cleans up 24,000 cubic metres of contaminated Amazon soil
State oil firm Petroecuador remediated more than 24,000 cubic metres of contaminated soil in Orellana and Sucumbíos provinces between January and June 2026.
Bolivia's YPFB to post 'very worrying' reserves data as gas output hits 19-year low
Bolivia's state energy firm YPFB will present a new hydrocarbon reserves certification in the coming days that will reveal a "very worrying" outlook for the country's natural gas availability.
Brazil’s Petrobras gets $524mn in diesel subsidies, okays $58mn well-compliance deal
Petrobras received about BRL2.7bn ($524mn) from the federal government under a diesel subsidy programme, while it also agreed to pay Brazil's oil regulator BRL300mn to bring hundreds of offshore wells into environmental and safety compliance.
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