Region: Latin America Category: Oil & Gas Frequency: Every Tuesday
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Colombia to use first global fossil fuel transition summit to launch permanent platform
Colombia plans to use the world’s first global conference dedicated to moving away from fossil fuels to launch a permanent international platform aimed at accelerating the phase-out of coal, oil and gas
Brazil backs offshore vessels build
Brazil’s government has approved BRL2.3bn ($430mn) in financing to build 6 vessels for offshore oil and gas support operations at a shipyard in Santa Catarina state, the Ministry of Ports and Airports said.
Brazil’s Eneva adds new gas field
Eneva said it has declared the commerciality of the Colinas gas discovery in Brazil’s Parnaíba basin, marking the first such declaration in the country this year, according to information released by the company.
Venezuela forecasts 37% revenue increase from US-administered oil sales
Venezuelan interim President Delcy Rodríguez projected government revenue will surge 37% during 2026 following petroleum export agreements brokered after former President Nicolás Maduro's capture by US forces earlier in January.
Mexican analysts warn Venezuela oil revival threatens country's energy market position
US controls Venezuelan oil pricing to China after Maduro's removal
The United States is permitting China to purchase Venezuelan petroleum but insists on higher prices than Beijing paid under former president Nicolás Maduro's administration, a US official stated on January 22, the South China Morning Post reported.
Vitol taps onshore tanks to move Venezuelan crude as exports stall
Vitol Group has lifted its first cargo of Venezuelan oil directly from onshore storage, a step aimed at unclogging logistics and creating room for higher output after exports slumped
Trump uses Davos stage to hail Venezuela oil deal after Maduro capture
Donald Trump used his appearance at the World Economic Forum in Davos on January 21 to underscore a sharply transactional approach to global politics
Halliburton signals readiness to return to Venezuela as oil plans take shape
Chief executive officer Jeffrey Miller said oil and gas are critical for Venezuela, noting the US company has operated there since 1938, despite pulling out in 2019 after sanctions were imposed
Venezuela business group backs FX measures as oil cash returns to economy
Interim president Delcy Rodríguez said the country has already received $300mn from crude exports under a 50mn-barrel supply agreement with Washington
US sees scope for 30% lift in Venezuela oil output, US energy secretary tells executives
Venezuela’s oil production could rise by as much as 30% from current levels of about 900,000 barrels per day (bpd) over the short to medium term
US seizes seventh Venezuela-linked oil tanker in Caribbean sanctions drive
The vessel, identified as the Sagitta, was detained as part of Operation Southern Spear, the military said
Venezuela banks resume FX interventions after oil cash inflows from US trade
Venezuela’s banking sector restarted foreign-exchange interventions on January 20 after more than a month on hold, following the arrival of fresh hard-currency inflows linked to renewed oil trade with the US
Venezuela lawmakers advance hydrocarbons overhaul
Parliamentary speaker Jorge Rodríguez said the bill, promoted by acting president Delcy Rodríguez, is designed to speed up gains in production from the OPEC member
Fire at major Mexican oil refinery is challenge for Pemex
Venezuela pitches new crude law to lure private investment, potential oil investors want more control
Venezuela’s interim president Delcy Rodríguez moved to court oil companies by unveiling a revamped Hydrocarbons Law designed to attract private capital and accelerate crude exports.
Venezuelan crude re-emerges in Caribbean as US reshapes oil trade
Ship-tracking data show that two vessels unloaded about 2.5mn barrels of Merey crude over a recent weekend into storage facilities in Saint Lucia and Curaçao, which are being used as transit hubs for onward sales
Fitch warns Venezuela oil revival faces long road despite sanctions relief
The ratings agency said that even with the sale of stored crude and a potential easing of sanctions, production would struggle to rise much beyond 1mn barrels per day in the short term, with little impact on global supply
Lechería energy hub plan runs up against Venezuela’s infrastructure strains
The initiative, led by the mayor’s office in Urbaneja, draws on recent changes to the Hydrocarbons Law that open the door to greater private and overseas participation in the sector
Brazil’s Petrobras beats output targets
Petrobras said its oil production averaged 2.40mn barrels per day in 2025, surpassing the upper limit of the target set in its 2025–2029 business plan.
Russia says US yet to free crew from seized tanker in Atlantic
The US has yet to release two Russian sailors detained after American forces seized a Russian-flagged oil tanker in the North Atlantic this month, Russia’s foreign minister said
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