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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Colombia lifts Israel coal export ban, reopening market for miners
Colombia has lifted its ban on thermal-coal exports to Israel, allowing shipments to resume under normal foreign-trade rules after more than two years of restrictions, according to Decree 1514, signed on October 9 and published by the government
Petrobras receives $550mn in Brazilian fuel subsidies
Brazilian state-controlled oil company Petrobras has received a further BRL2.8bn ($550mn) from the federal government under fuel subsidy programmes covering diesel and gasoline sales.
UK backs Falklands oil development as Argentina seeks to halt Sea Lion project
British Foreign Secretary Ed Miliband said on October 13 that residents of the Falkland Islands (also known as Malvinas) have the right to develop their natural resources as they choose.
Cox to invest $2.9bn in El Salvador energy and water
Spanish energy and water group Cox will invest $2.9bn in gas, solar power, battery storage and drinking water projects in El Salvador, President Nayib Bukele said.
Trump pushes Mexico on energy deals with US firms
US President Donald Trump has urged Mexico to sign energy agreements with American companies as bilateral trade negotiations stall.
Guyana may halve Fulcrum LNG plan amid Exxon gas needs
Guyana may cut the size of its planned liquefied natural gas (LNG) export project with Fulcrum LNG, because ExxonMobil (NYSE: XOM) needs large volumes of gas to pump back into its offshore oil fields.
Coinbase co-founder bets on Venezuela oil revival
Fred Ehrsam, the billionaire co-founder of Coinbase, is backing a new oil venture in Venezuela, betting that private capital and technical expertise can revive production in a country with some of the world’s largest petroleum reserves
Primavera recruits oil industry veterans to prepare for Venezuela field operations
Primavera is assembling an experienced management team as the Houston- and Caracas-based company prepares to begin operating Venezuelan oil fields under agreements signed with the country’s hydrocarbons ministry and state oil company
New charges deepen legal jeopardy for Venezuela’s former oil chief El Aissami
Tareck El Aissami, once one of Venezuela’s most influential officials, faces an expanding criminal case as speculation grows that the government of interim President Delcy Rodríguez could transfer him to US custody
Venezuela banks on oil and mining to finance debt restructuring
Venezuela is looking to oil and mineral revenues to finance an economic recovery and prepare for a potential restructuring of between $150bn and $200bn in external debt, according to a plan presented to the International Monetary Fund
UN urges Ecopetrol to advance reparations after Colombia ruling
Colombia’s state-controlled oil company Ecopetrol faces renewed calls to work with victims on reparations after a transitional justice ruling recognised the responsibility of a company director and several state agents in connection
Colombia’s unconventional gas potential dwarfs proven reserves, industry groups say
Colombia’s unconventional reservoirs could contain about 167 trillion cubic feet (4,729.88bn cubic metres) of recoverable prospective natural gas resources, roughly 97 times its proven reserves, four industry associations said
Brazil’s Petrobras to receive $859mn from Santos Basin partners
Brazilian state-owned oil company Petrobras is set to receive approximately $859mn from Shell, TotalEnergies and Petrogal following agreements to reconcile historical costs, revenues and production volumes from shared offshore oil reservoirs.
Brazil advances pre-salt exploration block towards potential auction
Brazil’s National Agency of Petroleum, Natural Gas and Biofuels (ANP) has approved geological and economic studies for the Oeste de Jubarte exploration block in the Campos Basin.
US considers more strategic financing for Argentinian oil and gas projects
The US is considering expanding financing for oil and gas, mining and infrastructure projects in Argentina beyond the $7bn framework announced by its Ex-Im Bank in September, while also exploring the use of strategic funds from the Pentagon.
Guyana collects $1.9bn as oil exports reach $15bn
Guyana shipped $15bn worth of crude oil abroad in the first six months of 2026 but collected just $1.9bn from the sector over that period.
Guyana's oil savings fund set to hit $34.9bn by 2031
Guyana's sovereign oil savings could reach $34.9bn by 2031, the International Monetary Fund (IMF) forecast, a sharp upgrade on the figure it published a year earlier.
Argentina’s Neuquén collects 85% of Córdoba’s revenue on Vaca Muerta oil boom
Neuquén province collected ARS 746.4bn (around $492mn) in September, equivalent to 85% of the revenue recorded by Córdoba despite having nearly five times fewer residents.
Brazil’s Lula defends fuel subsidies as inflation tops target before runoff
Brazilian President Luiz Inacio Lula da Silva defended his government's fuel subsidies, saying they were needed to stop the energy crisis caused by the Middle East conflict from further driving up food prices.
TGS, SLB launch second 3D seismic survey in Brazil's Pelotas basin
Norwegian energy data provider TGS and its joint venture partner SLB will carry out a new multi-client 3D seismic survey covering around 11,200 square kilometres offshore southern Brazil.
Argentina asks international tribunal to halt UK Falklands oil project
Argentina escalated its diplomatic confrontation with the United Kingdom over the Falkland Islands (also known as Malvinas) by formally requesting an international maritime tribunal to halt the development of a major offshore oil project.
Argentine President Javier Milei to meet US oil magnate Harold Hamm in Washington
Argentine President Javier Milei is scheduled to meet US energy billionaire Harold Hamm in Washington on October 14 as part of his fifth visit to the United States this year aimed at strengthening business ties and attracting investment to Argentina.
Freedom LNG applies to export US gas from Mexico
Freedom LNG has submitted a request to US regulators seeking permission to supply US natural gas to a proposed offshore liquefaction and export installation near Matamoros, in the northeastern Mexican state of Tamaulipas.
Trump touts Venezuela oil gains as US deepens ties with Rodríguez
US President Donald Trump said Washington has recouped the cost of its military intervention in Venezuela many times over, pointing to oil supplies and closer ties with the government led by interim President Delcy Rodríguez
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