Region: Latin America Category: Oil & Gas Frequency: Every Tuesday
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Colombia's Ecopetrol CEO faces charges over campaign finance and influence peddling
Shell planning to invest $700mn in Argentina's Vaca Muerta in 2026
Shell plans to invest $700mn in Argentina's Vaca Muerta shale formation during 2026, according to local press reports. This comes just daysafter senior executives dismissed speculation about a potential asset sale.
Venezuela’s Amuay refinery remains partially offline after power failure
The complex, located on the Paraguaná Peninsula in Falcón state, has capacity to handle up to 645,000 barrels of crude a day
US authorises oil companies to restore Venezuela infrastructure
The US has cleared the way for American companies to supply equipment and services needed to restore Venezuela's ailing oil and gas infrastructure, in the most substantial expansion of sanctions relief since Washington seized control of the country.
Norway's Equinor to divest entire Argentine Vaca Muerta operation
Norwegian energy major Equinor announced that it has decided to divest its entire onshore position in Argentina's Vaca Muerta shale basin to Vista Energy for approximately $1.1bn..
Mercuria nears $1bn deal for Raizen's Argentina refinery and fuel network
Mercuria Energy Group is close to acquiring a refinery and around 700 service stations in Argentina from Raizen SA in a deal that could be worth more than $1bn, according to people familiar with the negotiations.
Swiss Mercuria eyes Argentina fuel assets
Mercuria Energy Group is nearing an agreement to purchase an Argentine refinery and a network of service stations from Brazil’s Raizen SA, according to people familiar with the talks.
Mexico issues new fuel import authorisations after hiatus
Transocean acquires Valaris in $5.8bn as offshore activity surges
Ecuador crude discounts widen sharply as Venezuelan supply reshapes heavy oil market
Ecuador’s heavy crude exports are facing mounting price pressure as increased competition from Venezuelan barrels reshapes global heavy oil flows, pushing differentials on the country’s Napo grade to record discounts in early 2026.
Interoil finalises exit from conventional assets in Argentina's Santa Cruz
Interoil has completed its withdrawal from conventional oil and gas operations in Argentina, divesting its interests in several blocks in Santa Cruz province for up to $1mn as part of a strategic shift towards non-conventional energy assets.
Argentina to privatise LNG imports and trading
Argentina will shift the import and commercialisation of liquefied natural gas (LNG) to the private sector, launching a national and international tender to appoint a single operator to take over functions previously handled by the state.
Cuba's energy collapse deepens after Mexico halts key oil supplies
Mexico’s decision to suspend oil shipments to Cuba while expanding humanitarian aid has exposed the limits of its room for manoeuvre under renewed US pressure, as well as the depth of Cuba’s escalating energy and economic crisis.
ExxonMobil advances seismic surveys in Guyana in 2026 in bid to expand oil exploration
ExxonMobil has extended its geophysical and seismic survey program in Guyana's Stabroek Block through December 31, 2026.
Mexico imports more petrol than it produces despite Pemex efforts
Brazil's Raizen hires Rothschild to advise on debt restructuring amid shareholder impasse
Brazilian sugar, ethanol and fuel distributor Raizen is in talks with Rothschild to advise on restructuring its debt amid an impasse among shareholders over capitalisation plans amid BRL68.6bn ($13.2bn) in debt.
Colombia's Ecopetrol contractor jobs rise 5% to 87,130 in 2025 with local hiring focus
Ecopetrol generated 87,130 accumulated contractor positions during 2025, representing nearly 5% growth from the previous year, as Colombia's state oil company prioritises local workforce development across operational regions
Air Canada halts Cuba flights amid aviation fuel shortage
PDVSA restores output as US licences unclog Venezuelan crude exports
The rebound follows a steep pullback triggered by a US oil blockade that left large volumes marooned in storage and forced cuts across PDVSA’s fields, with the heaviest impact in the Orinoco Belt
Venezuela debt overhaul seen as years away despite political shift
Oxford Economics, via its Alpine Macro unit, says entrenched legal risks, the sheer complexity of the country’s liabilities and the lack of deep structural reform are likely to slow any meaningful progress
US Energy Secretary plans Venezuela visit to open talks on PDVSA reform
US Energy Secretary Chris Wright plans to travel to Venezuela in the coming days to open discussions with local officials on the future of state-owned oil company Petróleos de Venezuela SA
Shell weighs return to Venezuelan gas as sanctions ease
The British energy major is considering a strategy that would rely on Trinidad and Tobago as a processing and export hub for gas extracted from Venezuelan waters, leveraging infrastructure where Shell already has operations
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