LatAmOil - Latin America Oil & Gas

Cuba says US fuel restrictions are worsening power generation crisis

Cuba has accused the US of restricting fuel and equipment imports needed to maintain electricity generation, saying the measures are worsening blackouts as Havana prepares to present a report on the economic impact of the US embargo

Cuba rejects Trump map as economic pressure intensifies

Mexico sets 15-year roadmap to hold oil output at 1.8mn bpd

Mexico's federal government aims to sustain national liquid hydrocarbons production at 1.8mn barrels per day through 2039, part of a strategy to strengthen domestic supply and cut reliance on fuel imports.

Bolivia opens door to private crude imports to ease fuel shortage

Bolivia will allow state and private refineries to import crude oil to produce diesel and petrol and sell them at unsubsidised prices, under Supreme Decree 5701 published in the Official Gazette.

Fitch warns Mexico's economic woes could weigh on Pemex credit profile

Macroeconomic risks facing Mexico (rated BBB-) could spill over into the credit rating of state oil company Pemex (BB+), according to Saverio Minervini, Fitch Ratings' head of corporate ratings for Latin America, in comments to Bloomberg Línea.

Pluspetrol chases ambitious Argentine oil output target of 100,000 barrels per day by 2029

Pluspetrol is using its $12bn Argentine Large Investments Incentive Regime (RIGI) backed development programme to position itself as one of the Vaca Muerta shale formation’s key producers.

Vaca Muerta gives Argentina leverage as oil firms distance themselves from Falklands project

Argentina's growing Vaca Muerta shale industry is helping the government exert pressure on international oilfield service companies over the Sea Lion project near the Falkland Islands.

YPF plans two more RIGI projects as Argentina targets $154bn in investment

Argentina's state-controlled oil company YPF plans to submit two additional projects to the government's Large Investment Incentive Regime (RIGI) in coming months, potentially taking the value of projects presented by the company and its partners.

Shearwater and SLB launch 3D seismic survey offshore Brazil’s Amapá state

Shearwater Geoservices and SLB have launched a multi-client 3D seismic survey offshore Amapá in northern Brazil's Equatorial Margin as exploration interest in the region grows following the state-owned oil company Petrobras' Morpho oil discovery.

Oil States Brasil wins three-year subsea services contract with Petrobras

Oil States Brasil has secured a three-year contract with Petrobras to provide maintenance and technical assistance services for subsea equipment, covering the company's exploration and production operations and the consortia in which it participates.

Brazil's environmental regulator approves three new wells near Amazon oil discovery

Brazil's environmental regulator Ibama has granted Petrobras permission to drill three additional wells in the block where the company made an oil discovery earlier this year, a decision experts said would help assess the scale of the find.

YPF-led consortium launches $2bn pipeline tender for Argentina LNG project

A consortium led by Argentina's YPF, Italy's Eni and Abu Dhabi investment firm XRG has launched a tender worth about $2bn to procure pipes for two 48-inch gas pipelines and a 24-inch products pipeline that will form part of its planned LNG project.

Argentina files criminal complaints against Navitas, Rockhopper over disputed Falklands oil field

Argentina has ramped up its campaign against the Sea Lion offshore oil project near the Falkland Islands, with President Javier Milei pursuing criminal complaints, sanctions and tougher legislation against companies linked to the development.

SLB rules out Falklands oil work as Argentina tightens sanctions

Oilfield services giant SLB has said it will not participate in hydrocarbon projects in the Falkland Islands (also known as Malvinas) or surrounding waters, following Argentina's decision to tighten sanctions against companies operating there.

Americans split over Trump’s Venezuela oil deal as sovereignty concerns mount

Americans are sharply divided over President Donald Trump’s agreement with Venezuela

Venezuela OPEC exit seen as likely eventually but not imminent

Venezuela is likely to leave OPEC eventually as Caracas restructures its oil industry around closer ties with Washington, though the move would have little immediate effect on crude markets

Growing corporate interest in Venezuela stands out

Venezuela is drawing renewed attention from companies across a range of industries, with more than 25 firms considering market entries, investments or new ventures eight months after Nicolás Maduro was removed from power in a US operation

China draws line over US oil push in Venezuela

Mao Ning, a Chinese Foreign Ministry spokesperson, said that Chinese-Venezuelan cooperation is independent of other countries and should not be subject to outside involvement

Cuba brings 21.9MW solar park online in Guantánamo

Cuba has brought the 21.875MWp El Algarrobo solar park in Guantánamo into service, with the facility becoming the first project in the country’s current photovoltaic programme to be synchronised with the national grid entirely by Cuban technicians

US sanctions squeeze Cuba’s shift to solar power

Cuba’s push to expand renewable electricity is being constrained by difficulties securing fuel and importing equipment, as tighter US sanctions add pressure to an already strained power system, Foreign Minister Bruno Rodríguez

Brazil eyes $4.4bn from 2027 pre-salt oil auction

Brazil’s government expects to raise BRL22.4bn ($4.4bn) from an extraordinary pre-salt oil auction in 2027, according to an annex to the federal budget proposal submitted to Congress.

Chinese energy giants deepen presence in Brazil’s oil sector

Chinese energy companies are expanding their presence in Brazil as they seek to secure crude supplies and gain greater access to the country’s prolific offshore oil resources.

Mexico widens net on fuel theft with tax and financial intelligence push

Mexican authorities seized 37.1mn litres of illicit fuel and identified nearly 2,000 illegal pipeline taps between September 2025 and June this year, according to President Claudia Sheinbaum's second annual report to the nation.

Eni sees Venezuela expansion improving prospects for $2.3bn debt recovery

Italian energy major Eni's new agreement to operate Venezuela's giant Junin 5 heavy oilfield could improve its prospects of recovering $2.3bn in outstanding receivables from state-owned PDVSA.

Guyana is hurtling toward its 2030 oil output target with Uaru leading the charge

Guyana’s government wants oil production to reach 1.7mn barrels per day by the end of the decade; a target that appears possible due to the upcoming Uaru project.