CARACAS, VENEZUELA (By Energy Analytics Institute and Editores Latin Petroleum, 20.Aug.2026, Words: 485) — The following briefs span company details on Mercuria Energy Group held Phoenix Global Resources, Continental Resources, the US Treasury, the Cisneros family, Peruvian Terminals Consortium (TdP), Petro-Perú, the USTR, and Petrodelta, among others as USMCA talks.
LATIN AMERICA AND THE CARIBBEAN
ARGENTINA
— Mercuria Energy Group held Phoenix Global Resources said Continental Resources signed a HOA outlining a proposed transaction under which Continental will acquire a 50% interest in Phoenix. Highlights incl.: the JV creates a Vaca Muerta portfolio spanning approximately 163,000 net acres across 6 blks; over 28,000 boe/d of current production w/ a path to over 100,000 boe/d; greater than $4bn in expected capital deployment over the next 5yrs. [Continental]
RELATED: EP PETROECUADOR USING ASSOCIATED GAS TO REDUCE DIESEL CONSUMPTION
MEXICO
— Mexico’s secretary of economy Marcelo Ebrard C. meet again this wk w/ Jamieson Greer, head of the USTR, regarding the next round of USMCA talks, as well as the investigations related to Section 301. [Editores Latin Petroleum]
— the federal gov’t and gasoline sector agree to renew the national strategy to stabilize regular gasoline and diesel prices for another 6 mths. [Editores Latin Petroleum]
— Sempra advanced its strategic capital recycling program with sale of Ecogas México. [Editores Latin Petroleum]
PERU
— according to a notification filed w/ the Superintendency of the Securities Market (SMV), Petro-Perú lost an arbitration case brought by the Peruvian Terminals Consortium (TdP) regarding 2 operating contracts: 1 for the central terminals (Callao terminal) and the other for the northern terminals (Salaverry, Supe, Chimbote, and Eten terminals). [El Comercio]
VENEZUELA
— The Cisneros family has opened a $2bn dispute / Venezuela over oil assets they claim were confiscated and subsequently transferred to a US co. The heirs of Oswaldo Cisneros are demanding the return of drilling rights in Venezuela’s Orinoco belt, also known as the Faja. The Venezuelan gov’t revoked these rights after determining the Petrodelta JV failed to meet its investment and production plans. [Bloomberglinea]
RELATED: ECOPETROL REPORTS RESULTS OF BONDHOLDERS’ MEETINGS FOR DOMESTIC PUBLIC DEBT BONDS HELD AT FIRST CALL
ASIA
— China launched the first mining trucks w/ sodium-powered batteries. The vehicles use 676 kWh batteries capable of reaching a full charge in 20-25 minutes and w/ a declared lifespan of over 8,000 cycles. [Mineria y Desarrollo]
NORTH AMERICA
— US gov’t debt has hit $40tn-an alarming milestone for economists who fear the nation’s fiscal policy is spiraling out of control. It comes after the Congressional Budget Office reported earlier this mth that deficits are now so large the US Treasury is paying $3bn/day in interest, totaling $963bn between Oct. 2025 (when the YF:26 begins) and Jul. 2026. [Fortune]
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The briefs are compiled from varied media outlets across the Latin America and Caribbean (LAC) region and beyond. Energy Analytics Institute (EAI) has not verified all of these stories and therefore does not vouch for their accuracy.
By freelance editors and writers reporting for EAI from Atlanta, Baton Rouge, Caracas, Houston, Monterrey, Mexico City, and Bogota.
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