LatAmOil - Latin America Oil & Gas

Petroecuador's output claim masks shortfall against June target and the January peak

Ecuador's state oil firm Petroecuador reported on June 16 that it had reached its best production level in months, hitting 370,197 barrels of oil equivalent per day on June 15.

Chile's ENAP seeks approval for $96mn Magallanes fracking project

Chile's state-owned oil company ENAP has submitted a $96mn hydrocarbon extraction project to the Environmental Impact Assessment System (SEIA).

Argentina’s Neuquén backs first LNG development project with YPF agreement

Argentina’s Neuquén provincial legislature moved forward with approval of the province’s first liquefied natural gas (LNG) development project, endorsing an agreement with state-controlled energy company YPF.

Mexican oil prices on four-day slide, lowest price point in 15 months

Mexican oil prices fell for a fourth day in a row on June 16, reaching the lowest level seen since March 2025. This comes after the United States and Iran reached a provisional agreement to be signed June 19.

ExxonMobil Guyana's property and equipment investments hit $3.45bn in 2025

Mexico’s Pemex denies fuel shortage as gasoline and diesel sales rise 9% in January-May

Colombia's Ecopetrol retains S&P rating as stronger liquidity offsets sovereign risks

Ecopetrol retained its BB- global credit rating with a stable outlook from S&P Global Ratings, supported by stronger liquidity, improved cash generation and lower near-term financial pressures

Colombia foreign investment slows in May despite export strenght

US officials deepen push for energy investment in Venezuela

The US Embassy in Venezuela said it is intensifying efforts with American energy officials and the country’s interim authorities to encourage US participation in the recovery of Venezuela’s oil and gas industry

Brazil ethanol exports to EU stall after trade deal launch

Brazil's ethanol exports to the EU under the new EU-Mercosur interim trade agreement have been slow since May 1, as uncertainty over quota allocation, licensing procedures and end-use compliance has discouraged shipments.

Repsol expands Venezuela ambitions with new Maracaibo and offshore studies

Repsol has signed a letter of intent with Venezuela’s Ministry of Hydrocarbons and state oil company PDVSA to evaluate the potential development of the Horcón area, a hydrocarbon prospect located southeast of Lake Maracaibo

Oil firms secure early positions in Venezuela as contract talks advance

Industry officials say interest has accelerated nearly six months after the removal of Nicolás Maduro and amid efforts by the Trump administration to attract investment into Venezuela’s energy sector

Barbados poised to rival Guyana as regional oil and gas sector leader

Barbados could hold over 13bn barrels worth of oil reserves, the country's director of natural resources announced, positioning it as a potential rival to Guyana's Caribbean energy dominance

Norway’s ECOnnect Energy to supply transfer system for Colombian LNG terminal

The project will combine ECOnnect Energy’s proprietary F-Class transfer technology with a FSRU, creating a new LNG import gateway for Colombia.

Oil, gas and the economy take centre-stage in Colombia's election

Shell triggers generational shift in Caribbean gas with landmark Venezuelan licence

Shell triggers a generational shift in Caribbean gas with a landmark Venezuelan licence, forcing a massive technical rehabilitation to match the rapid 2026 geopolitical realignment.

Mexico's crude oil exports to US drop 85% since 2024

Mexico’s crude oil shipments to the United States have dropped 85% since 2024, as the country loses market share to Venezuela and other crude suppliers. In the first week of June, Mexico only exported 151,000 barrels per day to the US.

Mexico to invest $5.4bn into revitalising petrochemical and fertiliser sectors

Petróleos Mexicanos (Pemex), the Mexican state-owned oil company, and the Secretariat of Energy (SENER) announced a five-year investment plan worth MXN$93bn ($5.4bn) aimed at revitalising the country’s petrochemical and fertiliser production.

Argentina's YPF targets EBITDA above $7bn in 2026 as investors weigh export growth prospects

YPF expects its EBITDA to exceed $7.4bn in 2026, surpassing current analyst consensus estimates, as Argentina’s state-controlled energy company continues to benefit from production growth in Vaca Muerta.

Arrow expands Colombia drilling after Icaco well delivers 830 BOPD

Arrow Exploration said its Icaco-2 exploration well in Colombia’s Llanos basin encountered 100 feet of net oil pay and is producing about 830 barrels of oil per day (bopd) gross, supporting plans for additional drilling at the Icaco field

Colombia oil rig activity falls to lowest since 2022 amid field blockades

Colombia's active drilling fleet fell to its lowest level since November 2022 in May as prolonged blockades in key producing regions disrupted operations and weighed on crude output, industry association Campetrol reported

Norway's ECOnnect to deliver jettyless LNG system for Colombia's second import terminal

Norwegian technology company ECOnnect Energy has been contracted to supply its IQuay F-Class jettyless transfer system for a new liquefied natural gas import terminal at Cartagena Bay — Colombia's second LNG gateway on the Caribbean coast

Colombia Pacific LNG import terminal targets November launch

Colombia's first liquefied natural gas import terminal on the Pacific coast is expected to begin operations in November, marking a key step in strengthening gas supply security in the country's southwest

Colombia's Ecopetrol pauses Brava offer after Brazil regulator seeks changes

Ecopetrol's planned acquisition of Brazilian oil company Brava has been temporarily suspended after Brazil's securities regulator requested amendments to the transaction documents, the Colombian state-controlled energy producer said

Cuba delivery portal Envioscuba shuts to new orders as US sanctions squeeze diaspora lifeline