Region: Latin America Category: Oil & Gas Frequency: Every Tuesday
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Rodríguez meets Baker Hughes CEO on Venezuela gas projects
The discussions brought together Baker Hughes executives with representatives of Venezuelan-rooted Lindsayca and Canadian energy company New Stratus Energy, both of which have experience in gas developments
Brazil’s Eneva targets Venezuela gas with eye on power, liquids and mature fields
Brazilian energy producer Eneva SA (B3: ENEV3) is looking to turn Venezuela’s largely untapped natural gas resources into a range of commercial products
Venezuela oil exports to US surge 170% as Citgo returns
Venezuelan crude shipments to the US surged 170% in the first seven months of 2026, with Citgo Petroleum returning as a buyer after a seven-year absence and helping drive a sharp recovery in bilateral oil trade
Baker Hughes signs Venezuela deals to revive gas infrastructure
Baker Hughes (NASDAQ: BKR) agreed to partnerships aimed at rebuilding Venezuela’s natural-gas infrastructure and developing future oil and gas projects, expanding the energy technology company’s role across the country’s supply chain
Mexican judge temporarily bars construction of Amigo LNG
A federal judge in the Mexican state of Sonora has issued a ruling that temporarily bars the previously authorised construction of the proposed Amigo LNG terminal in Guaymas.
Milei and Eni CEO discuss Argentina LNG project in Paris
Halliburton rules out Sea Lion work as Argentina raises legal pressure
The company said Argentine authorities had raised questions over the potential criminal and civil enforcement of existing legislation, proposed new laws and regulations governing companies’ eligibility to contract in Argentina.
Milei pitches Argentina’s energy and critical minerals to European investors
President Javier Milei told European investors in Paris on October 1 that Argentina could become a reliable supplier of energy and critical minerals, promoting the country's resources and investment framework .
Argentina’s YPF sets Vaca Muerta record with 4,770-metre slim-well lateral
Argentina's YPF has completed a 4,770-metre lateral section in a single run at a slim well in the Vaca Muerta shale formation, setting what the company described as the longest lateral drilled so far using the narrower-diameter design.
Former YPF investors ask US Supreme Court to revive $16bn Argentina case
Former investors in Argentina's state oil company YPF have asked the US Supreme Court to review a lower-court decision that overturned a $16bn judgment awarded over the country's 2012 nationalisation of the company.
PAE to invest $1.2bn in Argentina’s Cerro Dragón conventional oil field
Pan American Energy will invest about $1.2bn to extend production at its Cerro Dragón oil field in Argentina, with the programme including new polymer-injection facilities, 100 producer and injector wells and work on about 600 existing wells.
TotalEnergies plans $10bn investment in Argentina, CEO says
French energy company TotalEnergies plans to invest $10bn in Argentina across several projects, including new drilling in Tierra del Fuego and an expansion of gas production in Neuquén.
Cuba air links strained by Jet A-1 shortage
Cuba’s international air links are under strain as a shortage of Jet A-1 fuel has forced several major carriers to suspend services, while international tourist arrivals fell 64.4% in the first eight months of 2026
CAF approves $1.25bn package for Colombia projects
Colombia gas group calls for Venezuela pipeline restart
Colombia’s natural gas association Naturgas called for the rapid repair and reopening of the pipeline linking Venezuela with Colombia, saying the idled route could help address a domestic gas shortfall affecting industry
Ecuador plans December oil round to boost output, seeks $1bn in private funds
Ecuador plans to launch an oil licensing round in December covering 14 fields, aiming to attract about $1bn in private investment, Environment and Energy Minister Juan Carlos Blum said at the ENAEP 2026 oil and gas conference in Quito on October 1.
Brazil's Pelotas Basin may hold 1 trillion cubic metres of gas, says EPE
Brazil's Pelotas Basin, in the country's far south, may hold about 1 trillion cubic metres of recoverable natural gas and around 3.4bn barrels of recoverable oil, according to a preliminary estimate by government energy research company EPE.
Brazil's oil output hits record for third straight month in August on pre-salt growth
Brazil's oil production rose to a record 4.615mn barrels/day (bbl/day) in August, up 2.6% from July and 18.4% year on year, driven by the large pre-salt fields in the Santos Basin.
Brazilian oil firm’s Petrobras P-80 FPSO leaves Singapore for Búzios field
Brazilian oil giant Petrobras said on September 30 its P-80 FPSO left Singapore that day for Brazil’s giant Búzios pre-salt oilfield, where it is scheduled to start production in 2027.
Qatar’s UCC considers expanding Venezuela oil and gas presence
Qatar’s UCC Oil and Gas Holding is weighing a broader push into Venezuela, looking beyond the offshore gas venture that marked its entry into the country as the government seeks foreign partners to revive its energy industry
GeoPark seeks Venezuela diluent supply ahead of Orinoco start
GeoPark Ltd. is working with Venezuela’s state oil company on a supply arrangement that could determine how quickly it can ramp up its first project in the country
Venezuela oil revival draws interest despite power and output constraints
Venezuela’s push to revive its oil industry is attracting interest from foreign producers, but companies looking to expand are confronting infrastructure and operational problems that have already forced some to revise their plans
Ecuador signs amended Block 17 oil contract with PetroOriental and Orionoil
Ecuador's Ministry of Environment and Energy (MAE) has signed an amended contract for the operation of Block 17 in Orellana province, to be run by companies PetroOriental and Orionoil, El Universo reported.
Pemex racks up $4bn trade deficit as fuel imports outstrip Dos Bocas gains
Mexican state oil company Pemex posted a trade deficit of $4bn between January and August 2026, driven mainly by fuel imports despite elevated crude prices.
Chile's Kast moves to extend fuel-price relief to December as Iran war drags on
Chilean President José Antonio Kast will ask Congress to extend support measures introduced after fuel prices surged in March, admitting the Middle East conflict has lasted far longer than his government expected.

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