LatAmOil - Latin America Oil & Gas

US energy chief visits Venezuela to cement post-Maduro oil partnership

The US and Venezuela announced a long-term energy partnership on February 11 after interim President Delcy Rodríguez met US Energy Secretary Chris Wright in Caracas, in the first visit by a senior White House official.

Cuban Peso breaches 500 per dollar in informal market, deepening six-year economic crisis

Russia pulls tourists from Cuba as jet fuel runs dry under US oil squeeze

Russia pledges oil lifeline to Cuba as imports hit zero for first time since 2015

Russia's embassy in Havana confirmed on February 12 that Moscow intends to ship crude oil and petroleum products to Cuba as humanitarian aid "in the near future," telling Izvestia this would be the first delivery since February 2025

Brazil’s Petrobras expands Búzios with new FPSO

Petrobras has taken delivery of the P-79 floating production, storage and offloading unit for the Búzios field in the Santos Basin pre-salt, the company said, marking another step in expanding output from its main offshore asset.

Russia mulling options to aid Cuba amid fuel crisis

Russia is exploring ways to assist Cuba during a severe fuel shortage, Kremlin spokesman Dmitry Peskov said on February 12, amid US threats to impose tariffs on nations helping the sanctions-hit Caribbean island.

US okays US companies to restore Venezuela’s oil infrastructure

Mexico struggling to negotiate US threats to suppliers of oil to Cuba

Cuba’s worsening energy collapse has deepened after Mexico suspended oil shipments to the island under mounting pressure from the US, exposing both Havana’s acute dependence on imported fuel and the limits of Mexico’s diplomatic talks.

Latin American oil leaders will not be dislodged by Venezuelan comeback, says Rystad

Latin America’s oil landscape is entering a pivotal phase, with Argentina, Guyana and Brazil set to drive most of the region’s production gains in 2026 even as Venezuela edges back into international markets.