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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PetroTal triples profit forecast as Peru oil field gears up for drilling comeback
PetroTal triples its 2026 profit forecast after a strong first quarter, as Peru's top oil producer prepares a major drilling campaign to push output back towards 20,000 bopd by 2027.
TotalEnergies calls Guyana-Suriname basin among world's most active as low-cost output grows
Mexico sends first fuel oil cargo to Asia in nine months as Iran war reshapes trade flows
Brazil Supreme Court oil royalty ruling suspended after justice seeks more time
A Brazilian Supreme Court vote favouring oil-producing states in a long-running royalty dispute was suspended after Justice Flávio Dino requested additional time to review the case, extending uncertainty over the matter after 13 years unresolved.
Brazil’s gas distributor Compass IPO ends nearly five-year B3 stock market drought
Brazilian gas distributor Compass Gas e Energia priced a BRL3.2bn ($650mn) initial public offering (IPO) on May 7, ending a nearly five-year absence of new listings on the country's B3 stock exchange.
Brazil sets export record in April as Middle East conflict lifts oil prices
Brazil set a record for monthly exports in April, driven by higher oil prices stemming from the prolonged conflict in the Middle East.
Weatherford wins managed pressure drilling contract for Brazil's Búzios Field
Weatherford International has been awarded a contract by Ventura Offshore Holding to provide managed pressure drilling (MPD) technology and services for offshore operations in Brazil's Búzios Field.
Brazil sees biofuel boost
Brazil’s biofuels sector could add as much as BRL403.2bn ($82.3bn) to the country’s gross domestic product between 2030 and 2035, according to a study released by the Getulio Vargas Foundation (FGV).
Shell urges Brazil stability
Brazil must improve the predictability and pace of its oil investment framework to remain competitive as global capital allocation becomes more selective, Shell executive Pablo Tejera Cuesta said during the Offshore Technology Conference in Houston.
Cuba accuses US of tightening oil pressure amid new sanctions
Cuba rejected assertions by US Secretary of State Marco Rubio that Washington is not enforcing an oil blockade against the island, with Havana arguing that recent sanctions and tariff threats have severely disrupted fuel supplies
Cuba says US pressure choking fuel imports as energy shortages deepen
Cuba accused the United States of intensifying pressure on foreign fuel suppliers after only one oil shipment reached the island in the past four months, Foreign Minister Bruno Rodríguez said
Canada's Parex moves closer to Frontera Colombia asset purchase after court approval
Frontera Energy said it obtained final court approval for the sale of its Colombian upstream operations to Parex Resources, advancing a transaction that would further consolidate Colombia’s oil production sector amid a broader industry push
Rubio rejects Cuba oil embargo claims as US tightens sanctions
Washington later Venezuela from exporting oil to Cuba and warned countries supplying fuel to Havana that they could face tariffs under measures announced by President Donald Trump’s administration
Trump says Exxon, Chevron held talks on Venezuela opportunities
Speaking at an event at the White House, Trump said the meetings took place on Tuesday, May 5, with the presidents of both oil companies
Colombia's Ecopetrol expands dedicated shipping fleet to cut fuel transport costs
Ecopetrol has contracted a third exclusive-use tanker to transport fuels including gasoline, diesel, naphtha and jet fuel, as Colombia’s state-controlled energy group seeks to lower logistics costs and secure supply flows amid volatility
UN experts warn US Cuba oil measures risk humanitarian crisis
United Nations special rapporteurs said the US fuel blockade on Cuba has created “energy starvation” conditions that are disrupting essential services and worsening the island’s economic and humanitarian crisis
Argentine energy assets gain as oil rally driven by Iran conflict lifts export outlook
Argentine energy shares and sovereign bonds have risen in recent trading sessions as escalating tensions involving Iran and uncertainty around control of the Strait of Hormuz pushed international oil prices close to $115 per barrel.
Chevron plans $10 bn investment project in Argentina under RIGI scheme
Chevron plans to submit a $10bn investment project in Argentina under the government’s large-scale investment incentive programme, Economy Minister Luis Caputo said after meeting company executives in the United States.
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