Region: Latin America Category: Oil & Gas Frequency: Every Tuesday
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Venezuela faces pressure to fast-track landmark debt overhaul after earthquakes
The government aims to complete the initial stages of restructuring sovereign and PDVSA debt, launched in May, by November to unlock foreign investment in sectors including oil and power
Wildcatters rush into Venezuela oil bet despite earthquake fallout
Independent oil investors are pressing ahead with plans to re-enter Venezuela following the US capture of Nicolás Maduro, betting they can revive the country's struggling energy sector despite the disruption caused by earthquakes
Venezuela uses oil windfall and tight liquidity to bring exchange rates closer
Venezuela has reduced the difference between its official exchange rate and the parallel market by combining larger dollar sales with tighter monetary policy, easing pressure on prices even as the economy faces fresh disruption from two earthquakes
Karoon lifts Brazil oil output after well restart
Equinor advances Brazil gas project
Brazil’s PetroReconcavo June output edges higher
PetroReconcavo produced 24,000 barrels of oil equivalent per day (boe/d) in June, up 0.8% from the previous month but 10.4% below the level recorded a year earlier, the Brazilian independent oil producer said.
Russia diesel ban poses limited near-term risk for Brazil
Russia's temporary ban on diesel exports has raised concerns for Brazil, one of Moscow's largest overseas buyers, but the immediate impact is expected to be limited.
China pullback hits Brazil oil prices
Weaker Chinese demand for Brazilian crude and rising output from Brazil have pushed cargo prices to their lowest levels in more than six years, according to traders and refining sources cited by Platts, part of S&P Global Commodity Insights.
Venezuela sets oil tax framework under new hydrocarbons regulations
Venezuela's new regulations implementing the reformed Organic Hydrocarbons Law have taken effect following their publication in Extraordinary Official Gazette No. 7.052
Venezuela oil rules remove PDVSA from industry framework
Venezuela's interim government has unveiled sweeping oil regulations that dismantle the long-standing dominance of Petróleos de Venezuela SA over the country's energy industry, opening every stage of the business to private operators
Bolivia's YPFB targets month-end fix for fuel shortage as drivers threaten renewed protests
Bolivia's state oil company YPFB expects to resolve the country's latest fuel supply crisis by the end of July, according to deputy chief Víctor Hugo Blacud.
Bolivia opens talks with Petrobras to expand Brazilian firm's role in gas sector
Bolivia's government has launched technical negotiations with Petrobras aimed at expanding the Brazilian oil major's participation in the country's hydrocarbons sector, which has been hit by years of declining natural gas production.
Bolivia to hold technical talks with Petrobras on production return, YPFB restructuring
Bolivia will launch technical talks next week with Brazil's state-run oil firm Petrobras on a possible return to exploration and production in the country, Energy Minister Marcelo Blanco said on July 9.
Colombia risks energy crisis as potential super El Niño looms, report warns
Colombia faces a growing risk of energy crisis this year as a potential Super El Niño threatens to curb hydroelectric output just as the country's dependence on costly liquefied natural gas imports deepens
Colombia cuts energy poverty by 1.7 points in a year, ministry reports
More than 1.5mn Colombians, spanning roughly 490,000 households, moved out of energy poverty over the past two years
Sempra’s Energia Costa Azul exports first LNG cargo from Mexico plant
US LNG developer Sempra exported its first cargo from its Energia Costa Azul LNG project located in Ensenada, Mexico.
Ecuador reforms fuel pricing formula to cut diesel, petrol costs
Ecuador's government reformed its fuel-pricing mechanism on July 9, a move that will lower the cost of Extra and Ecopaís petrol, and diesel from July, the Presidency said in a statement. The change was formalised under Executive Decree 444
Cuba restores grid after eighth national blackout in a year
Cuba's National Electroenergy System was reconnected in the early hours of July 8, restoring power nationwide after the eighth total blackout the island has suffered in the past year
Cuba tells UN assembly US sanctions amount to 'energy siege,' seeks action
Cuba's foreign minister, Bruno Rodríguez Parrilla, told the UN General Assembly that Washington was conducting an "energy siege" against the island and called on the body to act against US sanctions
Former Pemex CEO arrested for alleged domestic violence
According to the Mexican National Registry of Detentions, Víctor Rodríguez Padilla, President Claudia Sheinbaum-appointed former CEO of Petróleos Mexicanos (Pemex), was arrested on July 7 in relation to a video of him assaulting his wife.
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