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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Cuba expands solar power network in Holguín with Canadian support
Cuba has installed 344 photovoltaic systems across 10 municipalities in the eastern province of Holguín under a joint programme with Canada aimed at expanding renewable energy access and supporting community development
Exxonmobil wins US supreme court backing in Cuba asset dispute
The US Supreme Court ruled that Exxonmobil can continue pursuing claims against Cuban state-owned entities over assets nationalised after the 1959 revolution, a decision that could encourage additional lawsuits under the Helms-Burton Act
Markets bet big on De la Espriella, Colombia's next president. Economists are not so sure
Colombian markets were upbeat on De la Espriella's victory. But two economists tell IntelliNews the celebration may be premature, with deep state cuts, fracking and a harsh security crackdown carrying steep hidden costs.
Petronas advances LNG project offshore Suriname with environmental impact statement
Petronas is advancing the Sloanea gas development through Suriname's environmental approval process, positioning Block 52 as an offshore production that could transform the South American nation into a significant LNG exporter.
Cuba oil lifeline hinges on Mexican firms willing to brave US sanctions
Cuba’s oil lifeline hangs by a thread. As Mexico attempts a risky private-sector workaround to bypass tightened US secondary sanctions, mid-sized firms face an overnight death sentence if they lose access to dollar clearing.
The debate over EU methane regulation and energy security
The EU’s methane regulation has split analysts, with Rystad saying it will not harm supply and Wood Mackenzie warning it could make large volumes of imports non-compliant.
Mexico's fuel sector faces dual pressure from price caps and supply chain strain
Mexico's petrol industry faces a compound squeeze: voluntary diesel price caps worth MXN27/L, gross margins of just MXN1.50/L before costs, and 60% of operators reporting rising fuel theft. Only 32% of stations grew sales in May.
Venezuelan crude gains ground in India as imports recover from supply disruptions
India’s crude oil imports have returned to more stable levels in June, supported by record purchases from Russia and additional supplies from countries including Venezuela, Angola, Brazil and Iran
Venezuela’s first-quarter oil revenue climbs as exports accelerate
Venezuela generated $5.49bn in oil export revenue during the first quarter, a 21% increase from the same period a year earlier, according to balance of payments data released on June 22 by the Central Bank of Venezuela
Venezuela bets on gas revival despite persistent energy shortages
Venezuela is seeking to revive its long-underdeveloped natural gas industry through new agreements with Shell, Eni and Repsol, even as the country continues to grapple with power cuts, electricity rationing and shortages of domestic cooking gas
Debt restructuring uncertainty sends Venezuelan bonds to two-month low
Bonds due in 2027 dropped below 50 cents on the dollar for the first time since April 10, while debt issued by state oil company Petróleos de Venezuela SA also declined
Venezuela’s oil revival hinges on political stability, economists say
According to experts, Venezuela’s efforts to attract foreign capital into its energy industry will struggle to gain traction unless investors see lasting political stability and stronger institutions
Colombia's Promigas draws record demand with $920mn hybrid bond sale
Promigas secured $920mn in a 30-year international hybrid bond offering after attracting orders worth $2.61bn, marking the strongest demand recorded for this type of instrument by a Colombian issuer
Colombia's Ecopetrol jumps in US premarket after De la Espriella election victory
Colombia's Ecopetrol surged in US premarket trading after president-elect Abelardo de la Espriella secured victory in the country's presidential runoff, with investors betting on a more favourable environment for the oil and gas sector
Colombia's De la Espriella win puts Ecopetrol governance shake-up on hold
Colombia’s presidential election result has halted plans for governance changes at Ecopetrol and increased the likelihood of a review of the state-controlled energy group under incoming President Abelardo de la Espriella
Colombia slips in WEF energy transition ranking despite clean power matrix
Colombia fell five places to 43rd in the World Economic Forum’s 2026 Energy Transition Index (ETI), highlighting growing concerns over the pace of the country’s energy transition despite maintaining one of the world’s cleanest electricity
Brazil’s Petrobras, Mexico’s Pemex sign deal with eyes on Gulf of Mexico pre-salt frontier
Brazil's state-owned oil company Petrobras and its Mexican peer Pemex signed a memorandum of understanding (MoU) on Tuesday for strategic and technical cooperation across exploration, production, petrochemicals and fertilisers, among others.
Argentina posts record energy trade surplus in May on oil export surge
Argentina recorded a new monthly record in its energy trade balance in May, posting a surplus of $1.39bn driven by a sharp increase in crude exports and a steep decline in fuel imports.
Guyana's oil and gas future to be sealed as Venezuela ICJ case enters final phase
The International Court of Justice is poised to enter final oral hearings in the Guyana-Venezuela border dispute following completion of written pleadings, a milestone that could determine the trajectory of Guyana's oil and gas sector future.
Ecuador mayor linked to $5mn ghost contract at Petroecuador refinery, prosecutors allege
Ecuador's attorney general's office has alleged that Esmeraldas mayor Vicko Villacís Tenorio benefited from a phantom contract worth over $5.3mn paid by state oil company Petroecuador to a consortium linked to his family.
Petroecuador sells 2.88mn barrels to China for $313mn in July-August deliveries
Petroecuador has awarded two international crude oil sales totalling 2.88mn barrels, generating estimated state revenue of over $313mn, with deliveries scheduled between July and August.
Steel pipes arrive for VMOS offshore pipeline as Argentina advances Vaca Muerta export infrastructure
Argentina’s Vaca Muerta Oil Sur (VMOS) project reached a new construction milestone this week as 721 steel pipes destined for its offshore pipeline system arrived and began being stored at the Port of San Antonio Este in Río Negro province.
ExxonMobil narrows Stabroek focus to appraisal and gas as exploration window tightens
ExxonMobil's H1 2026 Stabroek campaign targets appraisal at Barreleye-3, gas evaluation at Goatfish-1 near Suriname, and fresh oil at Goby-1 — but no new discoveries confirmed beyond the 11bn boe baseline.
Guyana opts for industry cooperation over legislation to speed oil supplier payments
Guyana's natural resources minister urges oil majors to cut supplier payment cycles voluntarily, warning that 90-120-day windows choke local firms — but stops short of legislating a fix.
Pánuco spill deepens PEMEX accountability crisis as navy suppresses footage and Congress demands testimony
PEMEX's Pánuco spill enters day eleven with two active discharge points confirmed, Congress demanding the director testify, and the Navy caught suppressing footage of a river that fishing families say never truly clears.

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