Region: Latin America Category: Oil & Gas Frequency: Every Tuesday
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Ecuador declares emergency at Esmeraldas oil refinery after fire halts operations
Ecuador declared an emergency at its largest oil refining facility after a fire forced a full shutdown of operations at the Esmeraldas refinery, state-owned Petroecuador said on March 5
Ecuador's Petroecuador targets higher crude output in 2026 as investment plan advances
Ecuador’s state oil firm Petroecuador aims to raise average crude production to about 369,759 barrels per day (bpd) in 2026, up from roughly 358,081 bpd recorded, as the company deploys additional drilling and well-rehabilitation equipment
Cuba works to restore power after major blackout hits western grid
Large areas of western Cuba remained without electricity on March 5 after a widespread blackout disrupted power supplies across the island’s capital and surrounding regions, with authorities warning that full restoration could take several days
Colombia's Ecopetrol signals potential output increase as oil rally offsets profit drop
Ecopetrol may consider increasing investment and short-term oil output if elevated crude prices persist amid tensions in the Middle East, chief executive Ricardo Roa said, as the Colombian state-controlled producer reported weaker annual earnings
US removes sanctions on Arctic Voyager and Kiara M tanker
The shipping company, incorporated in the Marshall Islands on November 8, 2024, had previously been sanctioned for engaging in Venezuela’s oil sector, in breach of restrictions imposed during Donald Trump’s presidency
Venezuela’s economy expands 8.66% in 2025 driven by oil and non-oil sectors
Oil production led growth in the fourth quarter with a 13.41% increase, while non-oil sectors expanded by 5.30%
Pampa Energía reports 32% rise in oil and gas output as Vaca Muerta drives growth
Pampa Energía, Argentina's largest independent energy company, said its oil and gas production increased 32% in 2025, supported by expanding operations in the shale formation Vaca Muerta.
Argentina signs record LNG export deal with Germany’s SEFE
Argentina has signed the largest liquefied natural gas (LNG) export contract in its history, with energy consortium Southern Energy agreeing to supply 2 million tonnes of LNG per year to Germany’s SEFE Securing Energy for Europe.
Argentina hits record oil output as Vaca Muerta drives growth amid global price surge
Argentina recorded its highest monthly crude oil production on record in January, government data showed, as output from the country’s vast shale formation Vaca Muerta accelerated while global oil prices climbed above $80 a barrel.
Arrow Exploration adds two wells at Colombia’s Tapir Block, boosting output
Arrow Exploration has brought two additional wells online at its Mateguafa field in Colombia’s Llanos Basin as part of its development programme on the Tapir Block, the company said in a statement.
Colombia recognises Canadian insolvency orders in Canacol
Colombia’s corporate regulator has recognised court orders issued in Canada as part of the insolvency proceedings involving Canacol Energy and its subsidiaries, enabling coordination between the two jurisdictions during the company’s insolvency
Cuba suffers nationwide blackout after Antonio Guiteras plant failure leaves millions without power
Cuba's national electrical grid collapsed on March 4 at 12:41pm after a boiler pipe burst at the Antonio Guiteras thermoelectric plant — the country's largest — knocking out power from Camagüey to Pinar del Río for an estimated 72 hours
Shell agreements signal new phase in Venezuela–US energy cooperation
Interim President Delcy Rodríguez said the deals form part of efforts to implement Venezuela’s recently approved hydrocarbons law through “new business models”
Venezuela economy expands 8.66% in 2025 as oil sector drives recovery
According to the central bank, Venezuela has now registered 19 consecutive quarters of economic growth after a decade in which the economy contracted by nearly 80%
Venezuela crude exports from Jose terminal set to hit multi-year high
Venezuelan crude exports are expected to rise sharply in March, with shipments from the Jose terminal projected to reach about 848,000 barrels a day
Venezuela signs new oil supply deals with US as export flows shift
According to PDVSA, the deals are intended to preserve the longstanding commercial relationship between Venezuela and the United States and reiterated its call for the removal of sanctions affecting the country’s oil industry
US Justice Department backs Argentina ahead of key hearing in YPF expropriation case
The US Department of Justice has requested permission to intervene in support of Argentina ahead of a court hearing scheduled for April 16 in New York in the long-running litigation over the expropriation of oil company YPF.
Venezuela oil resurgence adds pressure on Ecuador’s declining crude sector
Ecuador’s struggling oil industry faces renewed pressure as rising heavy crude output from Venezuela threatens to erode demand for the Andean nation’s key export grade, compounding structural problems that have pushed production steadily lower.
Bolivia’s YPFB sacks 410 staff as fuel quality crisis prompts military oversight
Bolivia’s state-owned energy company Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) has dismissed 410 employees as part of an internal restructuring effort amid a widening fuel quality crisis.
Despite losses, YPF continues to pivot towards shale
Venezuela’s exports surge as US Gulf Coast refineries process record volumes
Super tankers have also started to dock at the Latin American country’s main terminal.
Mexico launches development of $10.4bn Trion deepwater oilfield a decade after award
Mexico has formally launched development of the Trion ultra-deepwater oilfield, marking the country's first project at such depths and one of the largest single investments in the country's history.
Brazil’s Petrobras set for bumper 2025 profit as board nominations revealed
Petrobras is expected to report a sharp recovery in annual profit while the government and minority shareholders have put forward their candidates for the company's upcoming board election.
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