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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Halliburton signs Venezuela MOUs with Brazil's Eneva and WESCA
Halliburton (NYSE:HAL) said it has signed memorandums of understanding with Brazil's Eneva (BVMF:ENEV3) and with WESCA to support energy development in Venezuela's oil and gas sector.
US crude imports from Venezuela hit nine-year high of 782,000 bpd
US crude imports from Venezuela jumped to 782,000 barrels a day (b/d) in the week to September 11, the highest since August 2017, Energy Information Administration (EIA) data show.
Brazil’s Petrobras expands African footprint with new exploration blocks in Ivory Coast
Brazil's Petrobras said its subsidiary Petrobras Netherlands BV had signed production-sharing agreements for eight offshore exploration blocks in Côte d'Ivoire, deepening its push into Africa's equatorial margin.
Brazil’s Braskem stock to underperform, debt restructuring carries dilution risk of up to 95%, says UBS
TotalEnergies is officially planning a return to Venezuela
French major TotalEnergies is the latest international oil producer to sign an agreement to return to Venezuela
Harbour Energy sees Argentina as growth market, with focus on Vaca Muerta and LNG
Harbour Energy sees Argentina as one of its main markets for future growth, with Chief Executive Linda Cook highlighting the potential of Vaca Muerta and liquefied natural gas as the British oil producer expands its operations.
Milei sends tougher Falklands sanctions bill to Congress as Argentina-UK tensions rise
Argentine President Javier Milei sent Congress on September 17 a bill to strengthen sanctions against companies and individuals involved in unauthorised natural-resource activities around the Falkland Islands amid growing tensions.
Argentine court orders halt to Sea Lion oil project in Falkland Islands
An Argentine federal court on September 16 ordered Israeli oil company Navitas Petroleum and Britain’s Rockhopper Exploration to halt work needed to develop the Sea Lion offshore oil project in the Falkland Islands (also known as Malvinas).
Exxon in talks to return to Venezuela's Orinoco Belt after nearly 20 years
ExxonMobil is negotiating a return to Venezuela nearly two decades after exiting the country, showing interest in the Petromonagas heavy-oil project in the Orinoco Belt and adjacent areas of the Carabobo block
Chile eyes ethanol blend to cut $107mn fuel bill as oil prices squeeze budget
Chile is weighing adoption of ethanol-blended petrol as this year's oil price spike strains the economy and public finances
Colombia industrial output rises 1.5% through July as power sector leads
Colombia’s industrial production increased 1.5% in the first seven months of 2026, led by electricity and gas supply, even as output fell 0.3% year-on-year in July
Colombia's Ecopetrol bylaws overhaul clears way for full board resets, CEO decision expected next week
Ecopetrol shareholders approved a reform to Article 20 of the company's bylaws on September 15, scrapping a rule that required at least three members of the outgoing board to remain in place
Colombia's Ecopetrol approves government-backed board overhaul
Colombia’s state-controlled oil company Ecopetrol approved a government-backed overhaul of its nine-member board, as the company faces leadership changes and scrutiny over alleged irregularities
Guyana more than doubles its 2026 oil revenue forecast to $6.5bn
Guyana expects to earn $6.5bn from oil sales and royalties in 2026, more than twice its previous estimate of $2.7bn, the government said on September 14.
Pemex completes repair of Ek-Balam subsea pipeline after Gulf of Mexico oil spill
Petróleos Mexicanos (Pemex) has completed repairs to the subsea pipeline at its Ek-Balam field, following damage to a section that caused a crude oil spill some 46 nautical miles off Ciudad del Carmen, in Campeche state.
Borr Drilling exits Mexican joint venture to streamline structure
Borr Drilling sells its 51% stake in Mexican JV Perfomex to its local partner but keeps its three jack-up rigs under bareboat charters with Pemex, simplifying its structure as it expands its independent fleet across Mexico's shallow-water market.
Guyana cannot tear up Exxon's Stabroek deal, President Ali says
Guyana's president rules out renegotiating ExxonMobil's Stabroek Block deal, citing contract sanctity, as new PSA terms apply only to future licences.
Guyana to launch national petroleum data repository in fourth quarter
Guyana will launch a centralised petroleum data repository in Q4 2026, consolidating seismic and drilling data as it prepares for fresh offshore licensing rounds.
Venezuela turns G20 energy forum into platform for US oil investment
Venezuela used the G20 energy meetings in Houston to deepen its oil partnership with Washington, as US companies move to secure projects across the country’s vast but underdeveloped reserves.
Continental Resources signs deal to explore Venezuela's Orinoco oil belt
Continental Resources, the oil producer controlled by US billionaire Harold Hamm, signed a non-binding agreement with Venezuela's state oil company PDVSA on September 16 to explore a heavy-crude field in the Orinoco Oil Belt.
Armstrong sees five-year wait for first oil from Venezuela offshore block
Armstrong Oil & Gas expects its 5mn-acre offshore Venezuela project could take around five years to reach first production if exploration identifies commercially viable reserves.
Turkish group commits $382mn to expand Venezuela oil output
Çan2 Termik will invest $381.7mn over 20 years to raise production at Venezuela's CEMA oil field from 400 bpd towards 9,865 bpd, redirecting part of its capital from renewable energy projects.
Foreign oil and gas companies cautiously move forward in Venezuela
A number of foreign companies are advancing their plans to develop oil and gas in Venezuela.
Brazil’s Lula cuts gasoline taxes, creates additional diesel subsidy weeks before election
Brazilian President Luiz Inacio Lula da Silva has signed a decree cutting gasoline taxes and a provisional measure creating an additional diesel subsidy.
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