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oilgas5 michael pointner
LatAm, Oil & Gas, Politics

Mexico Suspends Oil Shipments to Cuba Amid US Pressure and Geopolitical Tensions

Mexico’s state oil company Pemex has halted crude oil shipments to Cuba following increasing pressure from the United States, which recently imposed tariffs on countries supplying petroleum to the island. This suspension interrupts a critical energy lifeline for Cuba amid a deepening energy crisis intensified by the cessation of Venezuelan crude exports due to US […]

Mexico Suspends Oil Shipments to Cuba Amid US Pressure and Geopolitical Tensions Read Post »

oilgas9 pixabay
Economy, Oil & Gas, Venezuela

US moves to control Venezuelan oil with investments exceeding $100 billion as China and India engage in evolving energy ties

The United States, under Donald Trump’s administration, is nearing a definitive agreement with China and India involving Venezuela’s vast oil reserves, shifting the country’s sector towards open foreign participation and major reconstruction investment. The emerging framework signals a complex realignment of Venezuelan petroleum exports, heavily influenced by US sanctions, infrastructure challenges, and shifting global energy

US moves to control Venezuelan oil with investments exceeding $100 billion as China and India engage in evolving energy ties Read Post »

oilgas6 introspectivedsgn
Oil & Gas, Politics, Venezuela

U.S. Oversees Venezuela’s $500 Million Oil Revenue Held in Qatar under Temporary Agreement

The United States has implemented a mechanism allowing Venezuela’s interim government to access $500 million in oil revenues deposited in a Treasury-blocked account in Qatar. This short-term arrangement aims to stabilize Venezuela’s public finances while subjecting expenditures to strict U.S. oversight and auditing. Going forward, plans include transitioning revenue management to a U.S.-based fund under

U.S. Oversees Venezuela’s $500 Million Oil Revenue Held in Qatar under Temporary Agreement Read Post »

uy3
Economy, Uruguay

Moody’s Maintains Uruguay’s Investment Grade at Baa1 with Stable Outlook, Highlights Ongoing Fiscal Discipline and Inflation Control

Moody’s sustained Uruguay’s investment grade credit rating at Baa1, two notches above the investment-grade threshold, signaling confidence in the country’s fiscal reforms and monetary policy frameworks. The stable outlook reflects balanced risks amid upcoming social policy challenges and a monitored electoral process, with potential rating revisions contingent on fiscal and monetary policy continuity. Moody’s Investors

Moody’s Maintains Uruguay’s Investment Grade at Baa1 with Stable Outlook, Highlights Ongoing Fiscal Discipline and Inflation Control Read Post »

OilGas2 M C
Argentina, Markets, Oil & Gas

Río Negro awards new exploration permits for Vaca Muerta, advancing unconventional hydrocarbon development

Río Negro Province in Argentina has assigned new unconventional exploration permits in the Vaca Muerta formation, reinforcing its strategic positioning in shale oil and gas development. With multiple licitations concluded and projects underway, the region is expecting stepped-up drilling activities, enhanced infrastructure, and strengthened regulatory oversight through 2026 and beyond. The Government of Río Negro

Río Negro awards new exploration permits for Vaca Muerta, advancing unconventional hydrocarbon development Read Post »

Grid4 Karsten Wurth
Argentina, Infrastructure, Markets

Indian Firm Welspun Wins Vaca Muerta Gas Pipeline Steel Tubing Contract Over Techint Amid Government Cost Efficiency Drive

The Southern Energy consortium awarded a $203 million contract to Indian steel tube manufacturer Welspun for the supply of pipes to the nearly 500-kilometer gas pipeline connecting Vaca Muerta to the Río Negro coast, marking a significant shift in Argentina’s energy infrastructure procurement. The decision reflects a government-backed focus on cost competitiveness, sidelining traditional local

Indian Firm Welspun Wins Vaca Muerta Gas Pipeline Steel Tubing Contract Over Techint Amid Government Cost Efficiency Drive Read Post »

OilGas1 Patrick Hendry
Brazil, Economy, Oil & Gas

Petrobras Announces 7.8% Average Reduction in Natural Gas Prices for Distributors Starting February 2026

Petrobras will lower the average price of the gas molecule sold to distributors by 7.8% from February 1, 2026, reflecting adjustments linked to international benchmarks and contracts. The introduction of Henry Hub pricing as an indexing component marks a notable shift, potentially influencing future pricing dynamics in Brazil’s natural gas market. Petrobras announced a 7.8%

Petrobras Announces 7.8% Average Reduction in Natural Gas Prices for Distributors Starting February 2026 Read Post »

oilgas7 tomfisk
Brazil, Markets, Oil & Gas

Petrobras Increases Proven Reserves to 12.1 Billion Boe in 2025 Amid Record Production

Petrobras reported a 6% increase in its proven oil, condensate, and natural gas reserves, reaching 12.1 billion barrels of oil equivalent (boe) by the end of 2025. The company maintained strong reserve replacement with a 175% replacement ratio despite record production, signaling sustained asset productivity and long-term resource security. Continued investment in recovery optimization and

Petrobras Increases Proven Reserves to 12.1 Billion Boe in 2025 Amid Record Production Read Post »

OilGas3 Danny Burke
Economy, Oil & Gas, Paraguay

Petropar Announces 250 Guaraní Fuel Price Reduction Amid Leadership Controversy

Petropar implemented a 250 guaraní per liter reduction across all fuel types effective January 28, 2026, marking the 13th price cut since President Santiago Peña took office in 2023. Despite positive financial results and market share gains, scrutiny over Petropar President Eddie Jara’s financial declarations poses reputational risks for the state-owned company and government. On

Petropar Announces 250 Guaraní Fuel Price Reduction Amid Leadership Controversy Read Post »

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