LatAmOil - Latin America Oil & Gas

Ecuador tariff surge disrupts Colombia oil flows from Putumayo, raising costs

Colombia’s oil producers operating in Putumayo are rerouting crude flows after Ecuador raised transit tariffs by 900% and closed a key border crossing, sharply increasing logistics costs and disrupting established export routes

Cuba seeks US dialogue as UN floats $94mn aid plan amid fuel crisis

Cuba is in early-stage talks with the United States as the United Nations advances a $94.1mn (€81.4mn) emergency plan to sustain critical services amid a deepening fuel shortage, officials said

Renewables draw 15% of Colombia FDI projects as clean matrix underpins appeal

Renewable energy accounted for about 15% of foreign direct investment projects in Colombia in 2025, reflecting rising investor interest in the country’s energy transition, according to a report by ProColombia published on March 26.

Chile to lift fuel prices up to 54% as inflation outlook worsens and rate cut bets fade

Chile is set to sharply increase regulated fuel prices, in a move that could accelerate inflation, shift monetary policy expectations and intensify pressure on households and transport operators already facing weak economic growth.

Colombia gas import dependence raises midstream infrastructure strategic value, Fitch says

Colombia's declining domestic gas production and increased LNG import reliance have elevated midstream infrastructure's strategic importance whilst regulated pass-through mechanisms support stable credit profiles

ExxonMobil awards Longtail FPSO contracts before Guyana government approval

Guyana should revisit refinery feasibility as crude output grows, says VEHSI director

Halliburton, ExxonMobil claim industry first in fully automated well placement off Guyana

Mexico steps up response to Gulf oil spill of unknown origin

Brazil’s Lula pitches Petrobras-Pemex Gulf of Mexico tie-up and vows to buy back Bahia refinery

Lula da Silva said has proposed a partnership between state-owned oil company Petrobras and Mexico's state-owned Pemex to explore oil in the Gulf of Mexico, while also pledging to recover a major refinery in Bahia state sold under his predecessor.

Norway’s Equinor starts drilling at $9.0bn Raia gas project off Brazil

Equinor has begun drilling at its Raia natural gas project in the pre-salt Campos Basin off Brazil, marking the start of a six-well campaign at what the company describes as its largest project under execution and its deepest water depth operation.

Brazil's Prio on track for 40,000 bpd at Wahoo field by end of April

Prio said its first producing well at the Wahoo field in the Campos Basin had reached stabilised output of 12,000 barrels of oil per day (bpd), with the remaining wells on track to bring total field production to 40,000 bpd by the end of April.

Brazil offshore group beats outlook

Constellation Oil Services reported adjusted EBITDA of $233mn for 2025, 37% above its guidance, supported by high fleet use and contract terms.

Continental chief urges Argentina to avoid investment barriers as Vaca Muerta grows

The chief executive of Continental Resources said the company is strengthening its presence in Argentina’s Vaca Muerta shale formation, highlighting its global potential and calling on policymakers to avoid measures that could deter investment.

Argentina holds fuel taxes steady despite oil price surge

Argentina’s government has ruled out cutting fuel taxes despite a roughly 15% increase in petrol and diesel prices in March, prioritising fiscal surplus targets while considering delaying planned tax hikes, according to officials.

Chile adjusts fuel price mechanism as global oil surge drives sharp increases

Chile is facing a steep rise in fuel prices as the government of President José Antonio Kast moves to recalibrate its stabilisation framework amid mounting global energy pressures.

Guyana on track to largest oil-producing vessel in its history

ExxonMobil Guyana has submitted a proposal to increase production at its Yellowtail offshore development, establishing the project as Guyana's largest producing asset to date.

Colombia’s gas import dependence deepens as supply gaps loom

Colombia is set to deepen its reliance on imported natural gas as declining domestic output and delayed upstream projects tighten supply

Colombia's Ecopetrol board backs embattled chief executive as union threatens national strike

Ecopetrol's board of directors resolved on March 24 to retain president Ricardo Roa Barragán despite mounting pressure from the oil workers' union, minority shareholders and opposition legislators, the company disclosed in an official statement

Guyana names new oil vessel ‘Essequibo 1899’ as output surge accelerates

Guyana’s President Mohamed Irfaan Ali said in a statement that the country’s next floating production vessel will be named Essequibo 1899

US quietly ships 30,000 barrels to Cuba's private sector as state blockade holds

The United States has exported roughly 30,000 barrels of fuel to Cuba's private sector since early February, Reuters revealed, disclosing for the first time a carve-out that allows private Cuban firms to receive US supplies amid an oil blockade.

ExxonMobil eyes $2bn gas pipeline to Guyana's Berbice region

Venezuela oil exports reached $18.2bn in 2025

Venezuela’s oil export revenues showed only marginal growth in 2025 despite a sharp rebound late in the year, underscoring continued volatility in the country’s external accounts

Chevron sees rising output in Venezuela but flags legal uncertainty

Speaking at the CERAWeek conference in Houston, Wirth said recent reforms mark progress but fall short of providing the predictability needed to unlock broader capital flows

Borr Drilling's Mexican JV to absorb five Paratus jack-ups in $262mn deal