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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Argentina lobbies EU to block proposal threatening soybean biodiesel exports
Argentina is stepping up efforts to persuade European Union lawmakers to reject a proposal that would remove soybean-based biodiesel from the bloc's renewable energy targets, a move that industry officials say could jeopardise exports.
Oil windfall reshapes Colombia's election debate as fiscal pressures mount
A surge in global oil prices is providing Colombia with an unexpected fiscal boost just as voters prepare to choose between competing visions for the country's economic and environmental future in the June 21 presidential run-off.
Venezuela’s export surge masks production gap, analyst says
Venezuela’s oil exports outpaced its production in May, underscoring a growing reliance on stored crude to sustain shipments abroad, according to Antonio de la Cruz, president of Inter American Trends
Mexican aid ship arrives in Cuba as fuel crunch deepens
Humanitarian aid from Mexico arrived in Cuba on June 7 aboard the cargo vessel Asian Katra, marking the sixth such shipment since February as the Caribbean nation grapples with a worsening economic and energy crisis following tighter US restrictions
US fuel shipment to Cuba could be largest since 1960 trade rupture
A Florida-based energy trader is preparing what could become the largest shipment of US fuel to Cuba since Washington severed most commercial energy ties with the island in 1960, as Havana struggles with a worsening energy crisis
US EIA predicts gaping deficit in oil supply for full year
Supply will fall 7mn bpd, and demand by only 1mn bpd.
Creditors take control of Brazil’s Raízen as Mercuria acquires Argentina assets in $1.42bn deal
Creditors are set to take control of Brazilian energy and biofuels company Raízen after securing support from around 75% of lenders for a restructuring plan, while the company advances a major asset sale in Argentina to Mercuria Energy Group.
Guyana's oil fund has received $9.7bn since first deposits in 2020 as revenues accelerate
Brazil’s Petrobras acquires 50% stake in Equinor's Itaimbezinho block in Campos Basin
Petrobras has agreed to acquire a 50% interest in the Itaimbezinho exploration block in the offshore Campos Basin from Equinor.
Brazil’s Braskem CEO sees "promising" phase ahead despite turbulence as debt restructuring accelerates
Venezuela seeks to expand bilateral energy ties with India
The return of Venezuelan crude to Indian refineries may be one of the most significant shifts in global oil trade this year.
Pampa Energía selects Halliburton for Vaca Muerta digital transformation programme
Argentine energy company Pampa Energía has chosen Halliburton to support a multi-year digital transformation programme across its unconventional operations in the Vaca Muerta shale formation, as the company seeks to improve efficiency.
Mexican president reveals four-year $11bn Veracruz investment plan
President Claudia Sheinbaum revealed a four-year MXN190bn ($10.9bn) investment plan for the state of Veracruz on June 5. The aims of the project, carried out from 2026 to 2030, are to recover Veracruz’s fertiliser and petrochemical industries.
Sempra’s Mexico project Energia Costa Azul produces first LNG
US LNG developer Sempra Infrastructure has achieved first LNG at its Energia Costa Azul project in Ensenada, Mexico.
India eyes deeper energy ties with Venezuela
India has already increased its purchases of Venezuelan crude with New Delhi the second-largest importer of Venezuelan oil in May.
Rodríguez ends India visit highlighting oil trade and broader cooperation
Rodríguez said the trip focused on advancing a bilateral agenda that would deliver benefits for both nation
US envoy says Venezuelan oil exports hit seven-year high
US Chargé d'Affaires John Barrett said in a post on social media that the export performance stemmed from a three-stage strategy designed by Secretary Marco Rubio and President Donald Trump
Venezuela joins OPEC+ talks as group advances 2027 output framework
Venezuela’s Minister of Hydrocarbons, Paula Henao, took part in a series of OPEC and OPEC+ meetings focused on strengthening coordination among major oil-producing nations and laying the groundwork for future production targets
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