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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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.
Pemex sales of domestic fuel rise above pre-pandemic levels in first half of 2026
According to the Mexican state oil firm's institutional database, Petróleos Mexicanos (Pemex) sold 29.42bn litres of petroleum products domestically, showing an 8.6% rise from the same period last year and the highest volume since 2019.
Petroecuador cleans up 24,000 cubic metres of contaminated Amazon soil
State oil firm Petroecuador remediated more than 24,000 cubic metres of contaminated soil in Orellana and Sucumbíos provinces between January and June 2026.
Bolivia's YPFB to post 'very worrying' reserves data as gas output hits 19-year low
Bolivia's state energy firm YPFB will present a new hydrocarbon reserves certification in the coming days that will reveal a "very worrying" outlook for the country's natural gas availability.
Brazil’s Petrobras gets $524mn in diesel subsidies, okays $58mn well-compliance deal
Petrobras received about BRL2.7bn ($524mn) from the federal government under a diesel subsidy programme, while it also agreed to pay Brazil's oil regulator BRL300mn to bring hundreds of offshore wells into environmental and safety compliance.
Vitol eyes Venezuela expansion as oil sector draws fresh investor interest
Commodity trader Vitol is preparing to establish a presence in Venezuela as international interest in the country's oil industry gathers pace
Venezuela reshuffles energy and economic posts amid reconstruction drive
Venezuela's interim President Delcy Rodríguez has appointed José David Cabello, Diosdado Cabello’s brother, to lead state-owned petrochemical company Pequiven, extending a broader reshuffle of senior economic officials
Venezuela enacts hydrocarbons rules to open sector to private investment
Venezuela's government has enacted regulations implementing reforms to the Organic Hydrocarbons Law, completing a legislative overhaul designed to expand private participation in the country's oil and gas industry
Venezuela's oil output holds steady after earthquakes, industry representative says
Venezuela's crude production and refining operations continued without interruption following the June 24 earthquakes, according to Reinaldo Quintero, president of Petropymi
Petrobras awards Brazil offshore ROV contract
Oceaneering International said its Brazilian subsidiary, Marine Production Systems do Brasil (MPS), has secured a four-year contract from Petrobras to provide remotely operated vehicle (ROV) services offshore Brazil.
Cubans bang pots in street protests as third nationwide blackout of 2026 leaves island in darkness
Cuba tells UN blockade cost reached record $8bn in latest year as support for debate vote erodes
Low-cost deepwater barrels keep Guyana and Brazil at the centre of FPSO investment
Low production costs are reinforcing Guyana and Brazil's position as leading global deepwater oil producers, with MODEC identifying both countries as priority markets for continued FPSO investment despite oil price uncertainty.
Colombia looks to Guyana as incoming government prioritises gas and regional security
Colombia's incoming government is positioning Guyana as a key strategic partner, combining gas sector cooperation with regional security as Bogotá seeks to revive hydrocarbons investment and strengthen its diplomatic influence.
Suriname faces shrinking window to build local capacity before offshore oil production
Suriname has less than two years to strengthen local content rules, workforce skills and institutional capacity before offshore oil production begins in 2028. Industry leaders warn the current pace of preparation is insufficient.
Suriname tests investor appetite with first challenge round under revamped offshore licensing model
Suriname has opened a competitive bidding window for the DW WEST offshore block in Sector 4, providing the first major test of its flexible open door licensing model as it seeks to expand exploration beyond GranMorgu.
Trinidad targets oil recovery through mature fields as output forecast rebounds by 2029
Trinidad and Tobago expects oil production to recover to 74,600 b/d by 2029 as mature field optimisation, enhanced recovery techniques and targeted drilling reshape the country's upstream strategy.
Latin America oil output jumps 27% in February as Brazil, Argentina and Mexico drive growth
Latin America and the Caribbean produced 377mn barrels of oil in February, OLADE said, up 27% from a year earlier, as higher output in Brazil, Argentina and Mexico lifted regional supply amid disruptions linked to tensions in the Middle East.
Mexico's Pemex proven reserves down 40% since 2014
Mexican state oil firm Petróleos Mexicanos (Pemex) reported that proven oil and gas reserves sat at around 7.47bn barrels of crude oil as of December 31, 2025, marking a 40% decrease from 2014.
President-elect faces three pivotal decisions on Colombia's Ecopetrol
Colombia's president-elect, Abelardo de la Espriella, will need to decide the direction of state oil company Ecopetrol on fracking pilots, the future of power transmission group ISA, and gas imports from Venezuela once he takes office
Latin American countries import 55% more LNG from US in June
US liquefied natural gas exports to Latin America and the Caribbean hit a 37-month peak in June, reaching 48.84bn cubic feet (1.38bn m3), S&P Global reported.
Trinidad and Tobago oil sector projected to make rampant recovery by 2029
Trinidad and Tobago's oil output is forecast to climb to 74,600 barrels per day (bpd) by 2029, Energy and Energy Industries Minister Dr Roodal Moonilal announced, representing a notable reversal after years of production decline.
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