LATIN AMERICA ADVISOR

Energy ADVISOR

A daily publication Of the dialogue

August 7, 2026

What Promise Does Uruguay Hold for Oil Development?

Several oil companies are preparing for exploration drilling off the coast of Uruguay. An industrial service area in the Port of Montevideo is pictured. // File Photo: DFLC via Adobe Stock

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Top News

Pemex Reports 69.7% Fall in Quarterly Profit
Mexican state oil company Pemex reported a 69.7 percent year-on-year decline in profit for the second quarter. The company missed a government production target.
Brazil’s Hydro Plants Brace for El Niño Rains
Hydropower operators in Brazil are preparing for heavier rainfall amid predictions of a severe El Niño weather phenomenon in the coming months. Generators are reviewing plans to safely discharge large volumes of water.
Exxon Venture Has Recovered Costs of Guyana Project
A joint venture led by ExxonMobil has recovered the billions of dollars that it has spent to develop Guyana’s Stabroek Block, Chief Financial Officer Neil Hansen told Reuters.

Complete editions of the Energy Services Advisor are delivered on a biweekly basis to members of the Dialogue’s Corporate Program and other subscribers. Sign up below for a free complimentary preview subscription.

ABOUT THE Energy ADVISOR

A sister publication of the Inter-American Dialogue’s daily Latin America Advisor, the weekly Energy Advisor captures fresh analysis from business leaders and government officials on the most important developments in oil and gas, biofuels, the power sector, renewables, new technologies, and the policy debates shaping the future of energy in the Western Hemisphere and beyond. To subscribe or for more information, contact Gene Kuleta, editor of the Advisor, at gkuleta@thedialogue.org.

Subscribers

Staff

Gene Kuleta
Editor
202.463.2920
gkuleta@thedialogue.org

Jack Quinn
Reporter

jquinn@thedialogue.org

Lori Rampani
Reporter

lrampani@thedialogue.org

board of advisors

Nigel Blackaby
Global Head, International Arbitration Group,
Freshfields Bruckhaus Deringer

Jimena Blanco
Chief Analyst,
Verisk Maplecroft

María José Cortés
Head of ESG,
Atlas Renewable Energy

Jeffrey Davidow
Senior Counselor,
The Cohen Group

Analia Gonzalez
Leader, Arbitration & Litigation,
Laitn America, BakerHostetler

Jonathan C. Hamilton
Partner,
White & Case

Raul Herrera
Partner, Corporate &
Securities Practice,
Arnold & Porter

James R. Jones
Chairman,
Monarch Global Strategies

Jorge Kamine
Partner, Corporate &
Financial Services,
Willkie Farr & Gallagher

Craig A. Kelly
Senior Director,
Int’l Government Relations,
Exxon Mobil

Jeremy Martin
Director,
Energy Program,
Institute of the Americas

Larry Pascal
Chairman, Americas
Practice Group,
Haynes & Boone

R. Kirk Sherr
President,
Clearview Strategy Group

Daniela Stevens
Director,
Energy Transition and Climate Program,
Inter-American Dialogue

Doris Rodríguez
Partner,
Hunton Andrews Kurth

Alexandra Valderrama
Director,
International Government
Affairs, Chevron

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