LatAmOil - Latin America Oil & Gas

Brazil flags risks from energy shocks

Brazil supports guidance for central banks to factor in energy price shocks when setting policy, given uncertainty over their duration, Finance Minister Dario Durigan said.

Fuel surge slows, but gaps persist in Brazil

Repsol agreement sets stage for output growth in Venezuela

Venezuela engages oil majors ConocoPhillips and ExxonMobil as sector reform draws foreign interest

Delcy Rodríguez said authorities have been holding discussions with multiple companies and recently signed an agreement with Chevron to expand its operations

President Sheinbaum assembles 17-expert panel to assess fracking viability within two months as debate intensifies

Mexico's Pemex spending collapses 56% in first two months of 2026 as infrastructure investment hits lowest level since 2007

South Korea contacts Mexico and Brazil for energy cooperation as Hormuz disruption bites

South America turns to LPG to support energy transition and curb fuel volatility

South American countries are increasingly turning to liquefied petroleum gas (LPG) as part of their energy transition strategies and to mitigate fuel price volatility.

Argentina taps Naturgy in LNG tender to secure winter gas supply

Argentina has moved to secure natural gas supplies for the upcoming winter after Spain’s Naturgy submitted the lowest bid in a tender to import liquefied natural gas (LNG).

Argentine business leaders see investment window but urge policy consistency

Colombia draws investment in nuclear fusion, bioengineering as LatAm capital shifts

China pledges "firm support" for Cuba amid escalating US pressure, Trump threats

China pledged "firm support" for Cuba against continued US threats, with Foreign Ministry spokesman Guo Jiakun stating Beijing opposes coercive diplomacy and will back Havana's defence of national sovereignty

Mexico moves to re-start fracking

Mexico is moving toward a potential reopening of hydraulic fracturing as part of a broader push to reduce heavy dependence on imported gas, a shift that marks both a strategic pivot in energy policy and a political departure from past commitments.

Three oil majors deepen footprint in Venezuela

Texas-based Chevron Corp. has agreed to expand its position in Venezuela’s Orinoco Belt through a pair of deals with state oil company PDVSA.

Argentina’s Vaca Muerta boom faces infrastructure bottlenecks despite rising output

Argentina is on track to reach record oil production driven by the Vaca Muerta shale formation, with officials and industry executives pointing to strong export potential.

US energy envoy visits Caracas as Chevron deal signals deepening oil ties

The agreement, signed at Miraflores Palace, increases Chevron’s stake in the Petroindependencia joint venture to 49% and grants access to develop the Ayacucho 8 block as part of the Petropiar project with state-owned Petróleos de Venezuela

Chevron expands Venezuela footprint with Orinoco deals

Chevron Corp. has struck two agreements with Venezuela’s interim government that will allow the US oil major to consolidate and expand its position in the country’s extra-heavy crude sector, reinforcing its dominance in the Orinoco Oil Belt

Venezuela oil output rebounds in march as exports climb, IEA Says

Venezuela’s oil production rose sharply in March, signalling a recovery in the sector following disruptions earlier in the year, according to the International Energy Agency (IEA)

Venezuela confirms PDVSA leadership as Rodriguez’s government revamps executive team

Venezuela’s interim president Delcy Rodríguez has ratified Héctor Andrés Obregón Pérez as president of state oil company Petróleos de Venezuela SA, reaffirming leadership at the core of the country’s energy sector

Venezuela oil exports jump after Maduro’s capture, output expands

“In round numbers, probably 150mn barrels of Venezuelan oil have been sold — probably a little more than that, but something like that — since Jan. 3,” Wright said at an event in Washington

Cuba’s Díaz-Canel defies US pressure as energy crisis deepens

Cuba’s President Miguel Díaz-Canel said on April 12 that Havana would resist mounting pressure from the US, blaming Washington for deepening the island’s economic and energy crisis

Fracking-linked tremor in Argentina's Neuquén raises 2026 total to 12 events

A 3.1-magnitude earthquake recorded near the town of Añelo in Argentina’s Neuquén province has brought the number of tremors linked to hydraulic fracturing activities in 2026 to 12, according to data from the Observatorio de Sismicidad.

Brazil’s Petrobras in early talks to buy back Mataripe refinery from Abu Dhabi's Mubadala

Brazil's state-owned oil company Petrobras has opened direct negotiations with Abu Dhabi sovereign wealth fund Mubadala Investment Company to repurchase the Mataripe refinery in Brazil's northeast, according to sources with knowledge of the matter.

Brazil ethanol sector ready for record output as government eyes higher gasoline blend

Brazil's ethanol industry said it is prepared to raise production to record levels if the government follows through on plans to increase the mandatory blend of anhydrous ethanol in gasoline from 30% to 32%.

Brazil’s Petrobras, partners to invest $450m in large seismic monitoring project at Mero field

Petrobras and its partners in the Libra Consortium are to invest $450 million in the world's most extensive permanent reservoir monitoring (PRM) system, installing a subsea network of optical sensors across the Mero field in the Santos Basin.