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 lifts biofuel blends
Brazil will raise ethanol and biodiesel blending rates in fossil fuels from August 1, the Mines and Energy Ministry said.
Brazil’s Petrobras backs offshore push in São Paulo
Petrobras, the São Paulo State Secretariat for Economic Development, InvestSP and the Brazilian Energy Council (Brenc) have signed an agreement to expand offshore oil and gas activities on the São Paulo coast.
Brazil gas demand up as GNA plant comes online
Brazil’s annual gas demand for power generation will rise by at least 6mn cubic metres per day from July to November following the start-up of Gas Natural Açu’s (GNA) GNA II thermal plant, the company said.
TotalEnergies in talks to sell Argentine shale assets
France's TotalEnergies is in discussions with at least two potential buyers for its Argentine shale oil assets, as international energy companies capitalise on improved valuations under President Javier Milei's economic reforms.
OPEC+ poised for further oil output boost in August
OPEC and its allies are set to press ahead with another substantial increase in oil production for August
Brazil approves additional pre-salt oil auction to boost revenue
Brazil's Chamber of Deputies has approved legislation permitting the government to auction its stake in oil from uncontracted offshore pre-salt areas, potentially generating significant revenue as the administration grapples with budget constraints.
Moody's maintains Colombia's Ecopetrol credit rating amid government support
Moody's Investors Service has maintained Ecopetrol's Ba1 global credit rating with a stable outlook, according to a report published on June 27, citing the Colombian energy giant's dominant market position and strategic diversification.
Gas shortage looms larger for Colombian companies
Colombian manufacturers face mounting pressure as the country's natural gas deficit threatens to escalate significantly next year, according to commodity exchange projections.
Colombia's Ecopetrol board member Mónica de Greiff reverses resignation after unanimous appeal
Monica de Greiff Lindo has withdrawn her resignation from Ecopetrol's board of directors following unanimous intervention by fellow members, the Colombian state oil company reported.
Colombia faces twin fiscal and energy challenges as deficit soars to 7.1%
Colombia confronts mounting fiscal pressures alongside energy sector instability as the government's deficit trajectory threatens macroeconomic stability, the nation's comptroller general highlighted at the Andesco congress.
Guyana's oil production spikes in May
Guyana's oil production surged to 667,000 barrels per day in May, marking a significant increase from 611,000 bpd earlier this year, according to a government bulletin viewed by IntelliNews.
Guyana's foreign secretary views US as crucial energy partner
Guyana's Foreign Secretary Robert Persaud has highlighted the strategic importance of US energy investments in strengthening both his country's energy security and that of the broader Caribbean region as tensions with neighbouring Venezuela persist.
Guyana identified as oil and gas super basin by S&P Global
Guyana has achieved recognition as one of only nine new super basins worldwide to deliver over 5bn barrels of oil equivalent since 2000, according to S&P Global Commodity Insights at the recent Suriname Energy Oil and Gas Summit.
Mexico's Ursus Energy wins concession to lead LNG export project
Mexican infrastructure and energy developer Ursus Energy has received approval to lead development of the Coatzacoalcos-PODEBI LNG plant, becoming the first fully Mexican company to enter the liquefied natural gas export sector.
Pemex's Dos Bocas refinery in Mexico maintains petrol output at quarter capacity
Pemex's Dos Bocas refinery sustained petrol production at a fraction of its potential, generating 43,400 barrels daily (bpd) during May 2025, representing just one-fourth of its 170,000 barrel per day capacity, Bloomberg Línea reported.
Venezuela eyes oil windfall, domestic production upsets as Iran tensions fuel market uncertainty
As fears mount over a potential closure of the Strait of Hormuz following US strikes on Iranian nuclear facilities, Venezuela is positioning itself to capitalise on possible oil price surges.
Mexico risks becoming net oil importer by 2030 amid steep output decline, IEA warns
This shift marks a dramatic reversal for a country that has long been a net exporter of crude oil and underscores Mexico’s growing vulnerability due to chronic underinvestment, ageing fields, and financial strain at Pemex.
Russia’s Rosneft CEO and Venezuela’s VP warn Middle East unrest poses energy market risks
Addressing delegates on June 21, 2025, Sechin positioned Russia, Venezuela and Iran as indispensable to global energy security, pointing to their combined control over a third of the world’s liquid hydrocarbon reserves and 15% of global output
Venezuela’s defence minister warns of Middle East conflict ripple effects on oil markets
Padrino López stressed that any disruption to global oil flows could push Venezuela into a key supplier role for the Western Hemisphere, positioning the country at the forefront of any future energy crisis
Venezuela’s VP blames sanctions for threats to global energy stability
Delcy Rodríguez claimed that around 25% of global daily oil output is currently affected by unilateral sanctions, though she avoided naming specific countries
US eases restrictions on PDVSA 2020 bonds with new OFAC licence
The US Treasury Department has issued a new general licence easing restrictions on transactions involving Venezuela’s PDVSA 2020 8.5% bonds
Cladtek wins major pipe deal for Brazil’s Petrobras’ Búzios field
Cladtek has been awarded a contract by Allseas to supply 120 km of mechanically lined pipes (MLP) with anti-corrosive alloys for Petrobras’ Búzios field in Brazil’s pre-salt Santos Basin.
TotalEnergies advances local content programme in Suriname
TotalEnergies has completed a comprehensive Industrial Baseline Study in Suriname to evaluate the country's local supply chain capabilities, forming the foundation for the company's developing Local Content Programme.
Oil price increases could boost Mexico's public finances by $683mn per dollar rise
Mexico's federal finances stand to benefit from rising oil prices, with the Finance Ministry estimating an additional MXN13.1bn ($683mn) in revenue for every dollar increase in the price per barrel, according to General Economic Policy Guidelines.

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