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Qualified optimism defined the first day of Latin Lawyer’s Third Annual Oil & Gas Conference, as delegates and speakers from law firms and oil companies across the region gathered to discuss the regulatory landscapes in Latin America’s leading energy industries and question whether Brazil remained a welcome destination for foreign oil investment.

A heavily-committed Petrobras has indicated that from its perspective, the 11th bid round for exploring oil blocks off Brazil’s coastline should be delayed yet again, with industry insiders attributing the desire to the scale of the company’s commitments in oil exploration.

Paraguay must pay a Swiss investor around US$57 million in unpaid invoices and interest after falling foul of an investment treaty’s umbrella clause – in a case that weighs into the debate about ICSID tribunals' jurisdiction over contract claims.

Latin Lawyer is delighted to announce the shortlist for its sixth annual Deal of the Year Awards.

Latin Lawyer is delighted to announce the disputes and restructuring shortlists for its sixth annual Deal of the Year Awards.

US firm Sidley Austin LLP has opened an office in Houston which will serve energy-based clients as well as provide the firm with a gateway to Latin America.

Given the lack of opportunities for foreign companies in Mexico’s oil & gas sector, Thompson & Knight LLP managing partner Emily Parker says the Texas energy firm has no immediate plans to rebuild its Mexico City office after the entire team left to set up DLA Piper’s new operation.

DLA Piper has plundered Thompson & Knight LLP’s Mexico team to set up its own presence in Mexico City.

CORRECTION: On 25 November we published a story about Mattos Filho, Veiga Filho, Marrey Jr e Quiroga Advogados' role in an assessment of Uruguay’s offshore oil & gas regulation. We are republishing the story today to clarify the firm's role.

García & Bodán has helped the holder of Nicaragua’s first oil & gas concession extend its oil exploration phase by one year.