LatAmOil - Latin America Oil & Gas

Trump says Venezuela sent 1mn barrels of oil as a ‘gift’

US President Donald Trump said Venezuela had sent a tanker carrying 1mn barrels of crude oil as a “gift,” as his administration moves to expand American control.

Argentina’s YPF swings to $1.2bn quarterly profit as shale output boosts results

Argentina’s state-controlled oil company YPF reported a net profit of $1.196bn in the third quarter of 2026, reversing a loss of $198mn in the same period last year.

Experts question Venezuela’s claim to 303bn barrels of oil reserves

Venezuela’s claim to hold the world’s largest proven oil reserves is facing renewed scrutiny as experts question the figures supporting US plans to expand control over the country’s petroleum resources.

Trump’s Venezuela oil pact gives US broad control with few guarantees for Caracas

Brazil's Petrobras pumps record 3.5mn boed as exports climb 20.7%

Brazil's state-run Petrobras reports record production and exports in 3Q26.

Oil shock freezes Chile's rate cuts as the economy stalls

A jump in oil prices has frozen Chile's interest rate cuts at the very moment its economy has started to shrink.

Colombia rations gas as Spec terminal repair cuts supply ahead of El Niño

Colombia’s Ministry of Mines and Energy declared scheduled natural gas rationing from October 27 after a fault in one of four regasification trains at the Spec LNG terminal in Cartagena, the only facility through which the country imports gas

Ecuador adds 110 MW of thermal power ahead of dry season

Ecuador plans to add 110 megawatts (MW) of rented thermal generation from November to strengthen electricity supplies as the country prepares for seasonal water shortages and potential El Niño-related disruption

El Niño puts Latin American mining operations under pressure

Ecuador's Petroecuador adds 19,521 barrels a day from new wells

Ecuador’s state oil company Petroecuador brought 10 new wells into production in October, adding a reported 19,521 barrels of crude a day as the country seeks to sustain output through further drilling and maintenance

Cuban envoy seeks restart of halted Mexican oil supplies

Cuba is in talks with Mexico to restart fuel deliveries that stopped this year after Washington threatened sanctions, Cuban Ambassador to Mexico Eugenio Martínez Enríquez said.

Trump revives idea of Venezuela becoming 51st US state amid oil deal

Donald Trump revived his proposal to make Venezuela the 51st US state, suggesting the South American country could eventually elect a governor instead of a president as Washington expands its access to Venezuelan oil

Trump showcases Venezuelan crude as he courts Texas voters

With fuel prices threatening Republican prospects ahead of the November 3 legislative elections, Trump made stops in Corpus Christi and Lubbock to showcase the administration’s efforts to increase oil access and reduce production costs

Venezuela’s Rodríguez criticises Russia’s exclusion from global gas trade

Venezuelan interim President Delcy Rodríguez criticised efforts to restrict Russia’s role in international gas markets, arguing that excluding major producers raises costs for consumers and undermines cooperation across the energy industry

First NABEP Venezuelan oil shipment arrives in Texas for US refiners

The first shipment of Venezuelan crude under an agreement between Washington and North American Blue Energy Partners (NABEP) reached Texas on October 27, with the US government set to sell the oil to refineries operated by ExxonMobil and Citgo

Bolivia opens door to private gas imports as output more than halves in a decade

Bolivia has authorised public and private companies to import natural gas and liquefied natural gas, a policy reversal for a country that once supplied its neighbours and now needs foreign fuel to keep its industry and power plants running.

YPF to submit three RIGI projects worth $44bn in Argentina’s Vaca Muerta

Argentina’s state-controlled oil company YPF plans to apply for incentives under the country’s Large Investment Incentive Regime (RIGI) for three projects worth a combined $44bn in the coming weeks.

Brazil extends diesel subsidy for a month after election

Brazil's government has extended its diesel subsidy by 30 days to shield the domestic fuel market from the effects of the conflict in the Middle East.

OEG secures seven-year offshore chemical tank deal in Brazil

OEG will provide 50 offshore chemical tanks to a large speciality chemicals producer in Brazil under a seven-year contract.

Colombia rations gas as Cartagena LNG terminal faces repairs

Colombia has introduced programmed natural gas rationing from October 27 after a technical problem at the SPEC LNG import terminal in Cartagena reduced available regasification capacity, with repairs expected to take seven to eight days

Latin America energy inflation hits year high amid Iran-US tension

Energy inflation across Latin America and the Caribbean rose to 8.33% year on year in August, the highest reading in 12 months, OLACDE said.

Peru releases $475mn bridge loan to Petroperu

Peru's private investment promotion agency, Proinversión, has disbursed a $475mn bridge loan to state oil company Petroperú, and more than half of the money is earmarked for buying crude and fuel.

Peru's Petroperú finds tenth illegal tap on pipeline

Peru's state oil company Petroperú has found its tenth illegal tap on the Norperuano Pipeline since June, this time in the Lambayeque district of Olmos, where crude leaked onto a rural road beside farmland.

ExxonMobil confirms new Guyana discovery, assesses Ranger development

ExxonMobil has made a new hydrocarbon discovery at the Rockhead-1 exploration well in Guyana's offshore Stabroek Block, potentially strengthening the case for a commercial development centred on the nearby Ranger discovery.

Brazil's Petrobras lowers carbon intensity of sustainable jet fuel

Petrobras (B3: PETR4, NYSE: PBR) has cut the carbon intensity of its sustainable aviation fuel (SAF) by 23.8% after changing how it handles hydrogen at its Duque de Caxias plant in Brazil.