LatAmOil - Latin America Oil & Gas

Arrow Exploration reports strong initial output from Colombia’s Mateguafa M-6 well

Arrow Exploration Corp. reported successful drilling and early production results from its Mateguafa 6 appraisal well on the Tapir Block in Colombia’s Llanos Basin, where the company holds a 50% beneficial interest

Colombia’s Ecopetrol sets 2026 capex at up to $7.2bn

Colombia’s state-controlled oil producer Ecopetrol said it will invest between COP22 trillion and COP27 trillion in 2026, equivalent to $5.88bn to $7.21bn, keeping spending broadly in line with the 2025 programme

Colombia penalises Ecopetrol CEO for breach of Petro campaign spending rules

Colombia’s electoral authority has fined officials from President Gustavo Petro’s 2022 campaign — including Ricardo Roa, now CEO of state-controlled oil company Ecopetrol — for exceeding legal spending limits

Venezuela’s Vice President calls for cooperation in energy sector

Her remarks came as she criticised the US Southern Command’s military presence, arguing that disputes over energy assets should be resolved through legal frameworks rather than force

PDVSA Ad Hoc moves to appeal US court’s approval of $5.9bn Citgo bid

Venezuela’s PDVSA Ad Hoc Board sharply criticised a ruling by US Judge Leonard Stark that endorsed a $5.9bn bid for PDV Holding, the parent company of Citgo Petroleum

Mexico’s Pemex records lowest output since Morena took office in 2018

Pemex's crude output has continued struggling through 2025, marking the lowest annual production levels since 2018 and underscoring structural and operational pressures facing Mexico's state-owned oil company, Mexico Business News reported.

Mexico’s Pemex natural gas output rebounds in 2025 but remains below previous highs

Pemex's natural gas output continued climbing through 2025, marking a gradual recovery following last year's pronounced decline, although production remains below levels seen during most of the previous administration, Mexico Business News reported

Brazil ups renewable bunker supply

Petrobras supplied three Transpetro vessels with bunker fuel containing 24% renewable material between November 10 and 17, the company said.

Shell Brazil expands Santos Basin footprint

Shell Brazil has signed the concession agreements awarded in the fifth round of the ANP’s Permanent Offer, strengthening its position in the Santos Basin and expanding its deepwater portfolio.

Brazil targets fuel sector in tax and laundering probe

Brazilian federal and state authorities carried out a coordinated operation on to break up an alleged tax-evasion and money-laundering network linked to the fuel sector, officials said.

Venezuela’s oil will be valuable in the West for years to come, says leading analyst

Venezuela’s heavy crude production and exports are being scrutinised by analysts and politicians, amidst questions of whether the administration of Donald Trump will attempt regime change in the South American country.

Arrow Exploration commences production at Colombian well yielding 824 barrels daily

Arrow Exploration commenced production from its Mateguafa 6 appraisal well on Colombia's Tapir Block, achieving initial output of 824 barrels of oil per day gross (412 barrels net) at heavily restricted rates

Brazil’s Petrobras to cut investment plan for first time under Lula

Brazil's state-owned oil major Petrobras is poised to reduce its five-year capital expenditure (capex) programme for the first time since President Luiz Inácio Lula da Silva took office, as weaker crude prices force the company to tighten spending

Brazil’s Petrobras delays Buzios drilling contracts until 2026

Brazilian state-owned oil major Petrobras is expected to postpone awarding up to four drilling contracts for its Buzios offshore field until 2026, delaying agreements previously scheduled for completion this year.

Brazil’s Petrobras approves SBM Offshore bid for two Brazilian FPSOs

Brazil opens 275 new oil blocks for bidding amid output concerns

Brazil's oil and gas regulator ANP has approved 275 additional exploratory blocks for oil and gas development as authorities seek to address concerns about declining production from the next decade

Elliott-backed Amber wins Venezuela’s Citgo auction as court clears path for sale

A federal judge in Delaware has endorsed a $5.9bn offer from Amber Energy, an affiliate of Elliott Investment Management, effectively positioning the fund to take control of Citgo Petroleum’s parent company

Chevron reroutes tanker as US naval move hits Venezuela’s oil flows

Venezuela has turned to Chevron Corp. to secure a critical shipment of naphtha after a US warship’s manoeuvre near the country’s coastline hindered the passage of a Russian vessel carrying the material

Maduro brandishes Bolívar’s blade — and oil leverage — as US pressure mounts

Nicolás Maduro placed Simón Bolívar’s blade at the centre of a carefully choreographed show of defiance, using the historic sword as the focal point of a vow to resist mounting pressure from the United States

Mexico’s Pemex liquid hydrocarbon output drops 0.6% in October, crude production hits 35-year low

Mexican state oil company Pemex recorded liquid hydrocarbon production of 1.641mn barrels daily in October, representing a monthly decline of 0.6% or 10,000 barrels per day below September levels, El Economista reported.

Mexico’s Pemex liquid hydrocarbon output falls 0.6% in October

Mexican state oil company Pemex liquid hydrocarbon production in October reached 1.641mn barrels daily, showing a monthly decline of 0.6% or 10,000 barrels per day less than reported in September, El Economista reported.

ExxonMobil Guyana's inaugural project lowers back down to initial output levels

ExxonMobil Guyana’s Liza 1 development is retreating toward its original 120,000 barrels per day (bpd) design capacity, according to production data.

Guyana's oil output to reach new heights with Uaru project underway

Guyana is looking to achieve a new oil production milestone, with the $12.7bn Uaru project scheduled to commence operations in 2026.

Maduro weighs oil cargoes as leverage in potential Venezuela-US talks

Venezuela’s Nicolás Maduro is prepared to leverage the country’s crude exports — which overwhelmingly flow to China — if negotiations with Washington gain traction

Global climate conference on fossil fuel transition set for Colombia in April