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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Colombia seeks US licence to revive Venezuela energy ties, pipeline plans
Colombia is seeking a US sanctions exemption to invest in Venezuelan energy projects, including potential natural gas developments and the reopening of a cross-border pipeline, Mines and Energy Minister Edwin Palma said
CIA advice and oil strategy shape Venezuela’s post-Maduro transition
In the lead-up to the US operation that resulted in the capture of Venezuelan president Nicolás Maduro, intelligence officials sought guidance from former Chevron executive Ali Moshiri on potential leadership scenarios in Caracas
Venezuela channels $300mn oil windfall to social protection programmes
Venezuela’s interim president, Delcy Rodríguez, said that the government had received $300mn in fresh revenues earmarked for a Social Protection Fund, derived from an extraordinary fuel-oil sale
Ecuador faces renewed scrutiny over failure to halt Amazon oil drilling despite court orders
Ecuador is under intensifying scrutiny for failing to halt oil extraction in a sensitive area of the Amazon, despite binding legal rulings and a national referendum mandating its closure, Human Rights Watch said.
Guyana's oil revenues poised for growth amid Strait of Hormuz blockade
Guyana's Natural Resource Fund received $253mn in February from offshore crude sales, further building its sovereign wealth reserves. This comes as the Iran-Israel-US war threatens oil supply disruptions across the Middle East.
US expands sanctions waivers to boost Venezuelan energy investment and fertiliser exports
The United States has expanded sanctions waivers related to Venezuela, allowing broader investment in the country’s energy sector and enabling fertiliser exports to the US.
US Justice Department backs Argentina bid to halt discovery in YPF nationalisation case
The government of Argentina said the US Department of Justice has filed a memorandum supporting its request to suspend a discovery process in a court case in New York City linked to the 2012 nationalisation of state energy company YPF.
Vaca Muerta needs $22bn investment and 1,000 wells to meet export targets by 2032
Argentina’s Vaca Muerta shale formation will require about $22bn in additional capital investment and the drilling of roughly 1,000 new wells by 2032 to meet projected export capacity targets, according to a report by consultancy Wood Mackenzie
Argentine energy firms Tecpetrol and Pampa Energía sue Enarsa over gas payment debts
Argentine energy companies Tecpetrol and Pampa Energía have filed lawsuits against state-owned Energía Argentina (Enarsa) seeking payment of outstanding obligations linked to gas supply contracts under the government’s Plan Gas.
Argentina raises export tax on conventional oil after Brent price surge
Argentina’s government has decided to raise export duties on conventional crude oil from 3.36% to 8% following a sharp increase in global oil prices, as Brent crude climbed back above $100 per barrel, officials and industry sources said.
Brazil’s Petrobras awards $736mn in vessel contracts to Brazil's Oceanica
Brazilian state-owned oil company Petrobras has awarded long-term subsea vessel contracts worth BRL4.2bn ($736mn) to Brazilian provider Oceanica Engenharia e Consultoria.
Brazil’s Petrobras helicopter contracts could total $1.7bn as offshore aviation costs rise
Brazilian state-owned oil company Petrobras is expected to charter between 35 and 45 helicopters in 2026, generating contracts worth around BRL9.0bn ($1.7bn) as tight global aircraft availability pushes up costs, according to a source.
ExxonMobil files environmental assessment for Guyana's first non-associated gas project
Colombia, PDVSA review pipeline contract as Caracas signals exit
Colombia is assessing the future of a cross-border pipeline agreement after PDVSA indicated it intends to terminate a contract with Ecopetrol linked to the rehabilitation of the Antonio Ricaurte gas pipeline, Colombia’s energy minister said
Colombia's Ecopetrol profit drop weighs on Colombia corporate earnings in 2025
A sharp decline in profits at Ecopetrol weighed on overall corporate results in Colombia during 2025, as subdued industrial activity and policy uncertainty limited business momentum across sectors
Venezuela ships first LPG tankers to Colombia across Simón Bolívar bridge, eyes pipeline restart
Venezuela dispatched its inaugural shipment of liquefied petroleum gas (LPG) to Colombia on March 13 via tanker trucks crossing the Simón Bolívar international bridge connecting San Antonio del Táchira to Cúcuta
Colombia, Venezuela launch working groups on security, trade, energy after postponing presidential summit
Venezuela and Colombia established four ministerial working groups on March 13 at Caracas's Miraflores Palace covering security, foreign relations, trade and energy following the cancellation of a planned summit
Eni sees path for Venezuelan gas exports as sanctions ease
Italian energy group Eni SpA is exploring renewed prospects for Venezuelan gas exports, signalling a gradual re-entry of the Caribbean nation into global energy markets under a US-backed interim administration
Cuba opens investment to diaspora as energy crisis deepens
Cuba will allow citizens living abroad and their descendants to invest and establish businesses on the island, a policy shift aimed at attracting capital as the country struggles with a severe energy shortage and economic contraction
Brazil delays biodiesel blend rise
Brazil will not increase the mandatory biodiesel blend in diesel until feasibility tests are completed, despite calls from industry groups for a higher mandate as oil prices react to tensions involving the United States and Iran.
Mexico-based Pemex's Deer Park refinery logs second straight annual loss despite operational rebound
Sempra's Vista Pacífico LNG project dies in Mexico after regulatory rejection, environmental opposition
Eco Atlantic to acquire remainder JHI in $52mn deal, adding Falklands and Guyana assets
Eco Atlantic Oil & Gas has agreed to acquire the remaining shares of JHI Associates in a deal valued at about $52.3mn, expanding its offshore exploration portfolio with stakes in the North Falkland Basin and offshore Guyana.
Higher oil prices could accelerate investment in Argentina’s Vaca Muerta, Vista CEO says
Rising global oil prices linked to tensions in Iran could accelerate investment and production growth in Argentina’s shale sector, according to Vista Energy chief executive Miguel Galuccio.
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