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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Ecuador's oil industry in recovery following pipeline shutdown
Ecuador's oil industry is slowly recovering from a devastating pipeline crisis that crippled production for over three weeks, following the resumption of operations at both major crude transport systems.
Argentine oil and gas union ratifies 48-hour strike
The Private Oil and Gas Union of Río Negro, Neuquén, and La Pampa has confirmed a 48-hour strike running from 8:00 PM local time on July 30th to 8:00 PM on August 1st in Argentina, following failed negotiations with energy companies.
Peru enters deal to buy crude oil from Ecuador
Peru and Ecuador have signed a landmark cooperation agreement that will see the two Andean neighbours exchange crude oil and refined petroleum products without intermediaries, Peruvian President Dina Boluarte announced.
Guyana posts strong trade surplus driven by oil exports
Guyana recorded a trade surplus of $3.01bn in Q1 2025, supported by robust crude oil exports that continue to anchor the country's economic transformation, according to Bank of Guyana data.
Puerto Rico ends talks with New Fortress over $20 billion supply deal
Puerto Rico is quitting discussions with New Fortress Energy to renew a 15-year LNG supply deal estimated to be worth $20 billion.
Venezuela democracy in tatters one year after rigged poll as Trump policies aid Maduro
Venezuela's democracy collapsed after Nicolás Maduro's disputed July 2024 election victory, despite clear evidence of fraud. A year later, systematic repression has crushed the opposition, while Trump's policies seem to help Maduro's survival.
Guyana optimises oil transportation ahead of critical election
Guyana's President Irfaan Ali has unveiled an ambitious modernisation agenda for the country's maritime sector, targeting long-standing inefficiencies as the nation's oil-driven economy continues its rapid expansion.
US Gulf Coast refiners pivot to international suppliers as local crude sources dwindle
American Gulf Coast refineries are securing elevated volumes of Middle Eastern and South American crude to replace diminishing Venezuelan and Mexican barrels, with ship tracking data revealing a significant supply chain reorganisation
Chevron unlocks major opportunities in Guyana following Hess acquisition
Chevron has successfully completed its $55bn acquisition of Hess Corporation, securing a 30% stake in Guyana's prolific Stabroek Block following the resolution of arbitration proceedings that had delayed the merger since its 2023 announcement.
Colombia accelerates LNG import strategy
Colombia's government has accelerated development of liquefied natural gas import capacity to forestall a looming supply deficit by 2027.
Brazil's petrochemicals sector confronts extended slump as Braskem faces structural hurdles, says Moody's
Moody's Carolina Chimenti cautioned that Braskem's outlook appears especially difficult as the nation's biggest petrochemicals manufacturer encounters margin pressure and restricted cash flow generation.
Mexico’s Pemex fracking wells face water safety violations
Mexico's state oil company Pemex confronts significant water safety and regulatory compliance issues at two hydraulic fracturing wells in Nuevo León, according to a Commission for Environmental Cooperation factual record released
ExxonMobil Guyana boosts oil output capacity by 130,000 barrels per day
ExxonMobil has boosted its production level by 130,000 barrels per day increase in oil production capacity across its first three Guyana offshore projects through optimisation activities.
Guyana to overhaul maritime infrastructure to boost oil and gas transport
Guyana is advancing plans for a maritime infrastructure overhaul, with President Dr. Irfaan Ali confirming that a feasibility study for the Berbice Deepwater Port is underway in partnership with engineering firm Bechtel and Hess Corporation.
Jamaica awards United Oil & Gas five-year environmental permit for offshore operations
Jamaica's National Environment and Planning Agency has granted United Oil & Gas a five-year environmental permit to conduct offshore surveys at its Walton Morant licence.
Venezuela calls for regional energy sovereignty as it revives cross-border projects
Venezuela urged CELAC member states to reinforce their energy autonomy and push back against external interference during the regional bloc’s ministerial summit in Colombia
Venezuela backs regional gas integration plan to tackle energy poverty
Venezuela has called for the creation of a joint action plan for regional gas integration, framing natural gas as a transitional fuel vital to reducing emissions in Latin America and the Caribbean
Venezuela and Mozambique explore energy cooperation and party ties
The talks took place on the sidelines of the OPEC International Seminar, which convenes key global energy players.
Maduro confirms Chevron licence as he seeks to attract US energy investment
Nicolás Maduro has confirmed that Chevron received authorisation to continue operating in Venezuela, following a recent prisoner swap agreement
Brazil tightens oil royalties rules
Brazil’s oil regulator ANP has approved revised criteria for determining the reference price of domestically produced oil, a move expected to raise government royalty revenue, the agency said.
Colombian oil shipments decline as traditional buyers retreat
Colombian crude exports faced diminished demand during May as key purchasers including the United States and China reduced their intake, according to industry data released by Campetrol.
Colombian congress again attempts to outlaw fracking
Colombia's Environment Minister Lena Estrada presented legislation on July 22 seeking to permanently prohibit hydraulic fracturing across the nation, marking the sixth congressional attempt in a decade to ban unconventional oil and gas extraction.
Trump to reinstate Chevron's Venezuela licence
President Donald Trump’s administration is to reinstate Chevron’s licence to operate in Venezuela, authorising the US oil major to resume crude production in its joint ventures alongside state-run PDVSA, according to the WSJ.
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