LatAmOil - Latin America Oil & Gas

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Oil & Gas

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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Venezuela output seen insufficient to offset Hormuz supply disruption

24 March 2026

The South American country produces around 1mn bpd, highlighting a gap that analysts say is too large to close

Cuba restores power after third March blackout as officials warn demand still exceeds supply

24 March 2026

Cuba's national electricity grid collapsed for the third time in March on March 21 after an unexpected shutdown of a generating unit at the Nuevitas thermoelectric plant in Camagüey province triggered a cascade failure that cut power

Venezuela’s interim president confirms Obregón at PDVSA helm

23 March 2026

The measure, formalised on March 20, also introduces a reshaped board aimed at strengthening operational management at the country’s main industry

Venezuelan transparency portal questioned after activist flags data inconsistencies

23 March 2026

The effort followed an announcement by Jorge Rodríguez regarding the creation of a portal to detail oil income and spending

Brazil rate outlook shaken by oil surge

23 March 2026

A surge in oil prices and signals from Central Banks triggered a repricing in global bond markets last week, with investors reassessing interest rate paths across major economies.

Oil surge eases Brazil budget pressure

23 March 2026

Brazil’s government is expected to benefit from higher oil prices in its upcoming revenue and expenditure report, reducing the likelihood of an immediate budget freeze.

Venezuelan bonds gain as US relaxes PDVSA restrictions

23 March 2026

The shift was reflected in prices, with the sovereign bond due in 2031 rising to 50.25 cents on the dollar, while PDVSA’s 2027 notes advanced to 35.35 cents

US extends Citgo shield as legal battles over Venezuelan debt drag on

23 March 2026

The US Treasury Department has prolonged protections for Citgo Petroleum, temporarily blocking creditors from seizing the Venezuelan-owned refiner as legal disputes tied to more than $20bn in claims continue to unfold

Venezuela’s oil shipments to Cuba tied to expansion of repressive apparatus, report says

23 March 2026

According to the study, deliveries peaked at roughly 105,000 barrels a day between 2008 and 2012

Panama Canal operating at full capacity amid Iran conflict

22 March 2026

The Iran conflict has pushed the Panama Canal to full capacity handling up to 38 ships per day.

Brazil eyes Bolivia gas for fertilisers

21 March 2026

Brazil could use natural gas from Bolivia to expand domestic fertiliser production, Jorge Viana, head of ApexBrasil, said during a business forum in São Paulo.

Brazil races to avert truck strike

21 March 2026

Brazil’s government is coordinating measures to limit the impact of rising diesel prices and avoid a truckers’ strike, as pressure builds ahead of an election year, officials and industry groups said.

Brazil ships food and medicines to Cuba via WFP as oil crisis pushes island to the edge

20 March 2026

Brazil announced the dispatch of more than 20,000 tonnes of food to Cuba alongside a separate medicines shipment already delivered by air, channelled through the World Food Programme (WFP), as the island faces its most acute humanitarian emergency

Washington adds Cuba to Russian oil ban as sanctioned tankers close in on Havana

20 March 2026

The US Treasury's Office of Foreign Assets Control added Cuba to a general licence blocking the sale, delivery or offloading of Russian crude and petroleum products, CNBC reported, drawing a direct legal line against the two tankers

Russian diesel tanker breaks Cuba's fuel drought with 200,000-barrel cargo after weeks adrift

20 March 2026

A Hong Kong-flagged tanker that had remained stationary in the Atlantic for several weeks resumed navigation towards Cuba carrying an estimated 200,000 barrels of Russian diesel — enough to cover roughly 10 days of national consumption

Colombia's Ecopetrol faces strike threat as workers' union demands board oust CEO over criminal charges

20 March 2026

Colombia's largest oil workers' union threatened to mobilise workers and call a strike unless Ecopetrol's board removes chief executive Ricardo Roa, escalating pressure on the state-controlled driller's leadership amid a widening investigation

Colombia's Ciénaga LNG clears ANI port concession milestone, targeting Q1 2028 start

20 March 2026

Ciénaga LNG cleared a critical regulatory hurdle in March after Colombia's Agencia Nacional de Infraestructura (ANI) set the conditions for a port concession covering its planned floating gas import terminal off the Caribbean coast, project director

Brazil fuel strains test supply

20 March 2026

Fuel distributors in Brazil’s centre-south have raised concerns about gasoline availability as demand rises and refiners adjust sales strategies, according to market participants.

Brazil clears offshore decommission plan

20 March 2026

Brazil’s oil regulator ANP has approved the conceptual decommissioning plan for the FPSO P-43 in the Barracuda field in the Campos Basin, according to regulatory information.

Bolivia taps Brazil as energy lifeline as Paz pitches investor overhaul to Petrobras

20 March 2026

Bolivia is seeking to reposition Brazil as a cornerstone economic partner as it attempts to reverse declining hydrocarbon output and attract fresh investment into its struggling energy sector.

Compañía Mega proposes $360mn Vaca Muerta midstream expansion under RIGI framework

20 March 2026

Argentinian midstream leader Compañía Mega has submitted a $360mn investment proposal to the ministry of economy to significantly expand its natural gas liquid processing and transport capacity in the Vaca Muerta shale formation.

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