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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Brazil set to launch biomethane market
Brazil’s oil and gas regulator ANP expects the first biomethane guarantee-of-origin certificates to be issued in May, triggering compliance requirements under the Fuel of the Future law.
Argentina seen as key Latin American beneficiary of higher oil prices, JPMorgan says
Argentina is poised to be a key Latin American economy structurally positioned to benefit from higher global oil prices, according to a report by JPMorgan.
Argentina's YPF chief says fuel prices to remain steady even if oil falls after freeze
YPF CEO Horacio Marín said the state-controlled energy company will keep fuel prices steady even if international oil prices decline, following a 45-day freeze introduced earlier this month by the Argentine state-run oil company,
Bolivia fuel import crisis continues
Bolivia and Chile have stepped up bilateral cooperation to tackle a cross-border fuel adulteration network, as probes reveal systematic tampering with shipments destined for the Bolivian market.
Russia to dispatch second oil tanker to Cuba
Russia plans to send a second oil tanker to Cuba following the delivery of hundreds of metric tonnes at Matanzas port earlier this week, Russian Energy Minister Sergei Tsivilev stated.
Venezuela opens for business, investors weigh promise against reality
The months since Nicolás Maduro's capture have brought Venezuela closer to the global economy than at any point in a generation.
US allowing Russian oil cargo to Cuba is ‘humanitarian’, not policy shift
A Russian oil tanker has reached Cuba with a cargo of crude, marking the first significant delivery to the island in months and highlighting a limited but notable shift in US enforcement of its sanctions.
US concerns stall Citgo sale as political risks mount
A planned transfer of control of Citgo Petroleum, Venezuela’s most valuable overseas asset, has run into delays amid mounting reservations within the Trump administration over pricing and political fallout
Venezuela seen entering sustained recovery in 2026, analyst says
Venezuela’s economy is poised to enter a phase of sustained recovery by 2026, underpinned by energy sector liberalisation and updated legal frameworks, according to Luis Vicente León, president of market research company Datanálisis
Petroecuador doubles output at Drago field to near 6,000 bpd after technical overhaul
Ecuador’s state oil company Petroecuador has sharply increased production at its Drago field, underscoring a broader strategy to lift national crude output through operational upgrades and targeted investments.
Valaris, Halliburton and Petronas join forces to advance Suriname offshore development
Valaris, Halliburton and Petronas align drilling, subsurface and project execution in Suriname, targeting early-stage efficiency and long-term offshore development value in a fast-growing basin.
Cuba women protest US oil curbs as energy strains deepen
Hundreds of women marched in Havana on April 7 to denounce US restrictions on oil supplies to Cuba, as government officials intensified criticism of Washington’s pressure campaign amid worsening energy shortages
Oil surge masks Colombia's Ecopetrol political risk, but analysts warn rally may be borrowed time
Ecopetrol's share price has held up amid a wave of corporate governance turbulence, but analysts warn that a surge in global oil prices driven by the conflict in Iran is doing much of the heavy lifting
Venezuela pauses US legal fight to protect Citgo and other key assets
At the core of the dispute is the question of legal representation, as both sides must determine who is authorised to speak for Venezuela in US courts
India boosts Venezuelan oil imports to six-year high amid supply shift
The volumes, the highest since February 2020, reflect a longer-term diversification effort rather than a short-term reaction to recent disruption
Venezuela exports reach highest level since 2018 as non-oil sector accelerates
Oil remained the country’s primary source of foreign income, generating $18.212bn, although this represented a slight decline of 0.87% compared with 2024
India replaces China as top buyer of Venezuelan crude under US oversight
The increase has been underpinned by higher imports of diluents used to process Venezuela’s heavy crude, with nine cargoes arriving in March compared with seven in February
Argentina advances VMOS pipeline project with key storage tank milestone
Argentina has reached a new milestone in the construction of the VMOS oil pipeline project, with the installation of a geodesic roof on a major storage tank at the Punta Colorada export terminal, provincial authorities said.
Argentina's YPF to hold fuel prices steady for 45 days amid Iran conflict pressures
Argentina’s state-run energy company YPF will keep fuel prices stable for the next 45 days, its chief executive said, as the government seeks to shield consumers from rising global oil prices linked to the conflict in Iran.
Argentina's YPF shares gain as banks raise targets after court ruling and oil rally
Shares of Argentina’s state-controlled oil company YPF have risen sharply in 2026, prompting banks and investment funds to increase their price targets after a favourable US court ruling and stronger global crude prices improved the company’s outlook
Argentina's Tecpetrol, GyP seek incentives for $2.4bn Vaca Muerta oil project
Argentine energy firms Tecpetrol and Gas y Petróleo del Neuquén (GyP) have applied to include a $2.4bn unconventional oil project in the government’s investment incentive regime, aiming to boost production in the Vaca Muerta shale formation.
Haliburton, Petronas, and Valaris sign Suriname offshore agreement
Halliburton announced that it has signed a Strategic Collaboration Agreement with PETRONAS Suriname and Valaris to support the development of offshore assets in Suriname.
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