Region: Latin America Category: Oil & Gas Frequency: Every Tuesday
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Argentine oil production rises in February with Vista Energy leading the charge
Argentina's oil production reached an average of 754,008 barrels per day in February 2025, according to the latest data from the Ministry of Energy, with Vista Energy emerging as a key player in the domestic oil market.
Oil price collapse poses fiscal challenges for Colombia amid global trade tensions
The recent imposition of extensive tariffs by the US administration has led to significant volatility in global markets, with Brent crude oil prices plummeting to $65.58 per barrel, the lowest in four years.
Colombia's Ecopetrol and Latam Airlines forge alliance to advance sustainable aviation
Ecopetrol and Latam Airlines Colombia have initiated a strategic partnership to propel the nation's aviation sector towards sustainability.
Mexico's Pemex faces bigger threat from low investment than tariffs: Moody's
Mexican state oil company Pemex faces a bigger risk to its credit rating from a lack of crude production investment than from US tariffs
Mexico’s LNG ambitions face risks from US policy, weather and market volatility
Mexico's booming liquefied natural gas (LNG) industry risks disruption from forces outside its control, including extreme weather and US regulatory decisions.
OPEC+ play undercuts Brazil, lower revenue ahead
OPEC+ will raise oil output by 411,000 barrels per day from May, tripling the planned increase for 2024 and surprising markets.
Ecopetrol resumes operations at key Colombian oil fields following indigenous accord
On April 4, Colombia's state-controlled oil firm, Ecopetrol, announced the recommencement of activities at its Rubiales and Caño Sur fields after reaching an agreement with the Unuma Indigenous Association, which had been obstructing access.
Fitch affirms Petrobras' credit rating at 'BB'
Fitch affirmed the Brazilian state oil company's rating at 'BB' on April 3 with a stable outlook.
Oil falls 3.75% amid global trade war recession fears
Oil prices fell 3.75% on April 7, continuing last week's losses, as escalating trade tensions between the United States and China fuelled fears of an economic recession that could reduce crude demand.
Shell restructures globally, elevates Brazil's status as key business unit
Shell has implemented a global corporate restructuring that increases Brazil's importance within the company's operations, reflecting the country's growing significance in the European energy major’s portfolio
BW Energy secures Brazilian license extension as parent company settles arbitration dispute
BW Energy has secured an extension to its Golfinho license production phase from Brazil's oil and gas regulator ANP, while its parent company BW Offshore has reached a settlement in a long-running arbitration case with another Brazilian operator
Brazil’s Petrobras secures wildlife unit license amid Equatorial Margin oil exploration push
Brazil’s national oil company (NOC) Petrobras has obtained a license from the Secretariat for the Environment of Amapá state to operate its Wildlife Care and Rehabilitation Unit in the municipality of Oiapoque
Mexico cuts oil output target by 129,000 bpd for 2025
Mexico's finance ministry revised down the country's crude oil production target by 129,000 barrels per day (bpd), Reuters reported.
Colombia's unpaid gas subsidies risk energy access for vulnerable households
The Colombian government's outstanding debt of approximately COP65bn to liquefied petroleum gas (LPG) distribution companies threatens to disrupt energy access for low-income families.
Colombia’s exports slip as fuel shipments decline, agriculture gains ground
Colombia’s export revenues fell by 0.8% year-on-year in February, reaching $3.78bn FOB, according to data released by the National Administrative Department of Statistics (DANE) and the National Tax and Customs Directorate (DIAN) on April 2
Spain’s Albares and US’ Rubio discuss Repsol’s future in Venezuela as tariffs loom
Spanish Foreign Minister José Manuel Albares and US Secretary of State Marco Rubio held talks this week, addressing a range of issues, including the future of Repsol’s operations in Venezuela
Spain backs Repsol amid US pressure on Venezuela oil operations
Spain is actively supporting energy giant Repsol in its efforts to maintain operations in Venezuela as the United States moves to tighten restrictions on companies linked to the country’s oil sector, according to Economy Minister Carlos Cuerpo
Venezuela rejects oil export decline report
Hydrocarbons Minister Delcy Rodríguez has accused Reuters of spreading misinformation about the country’s oil production, aligning the news agency with what she described as a broader political campaign against Venezuela
Colombia's Ecopetrol to invest up to $700mn in sustainable aviation fuel plant
Colombia's state-owned energy firm, Ecopetrol, intends to allocate between $500mn and $700mn for the construction of a Sustainable Aviation Fuel production facility at its Barrancabermeja refinery.
Colombia's Ecopetrol pursues offshore gas exploration amid energy challenges
Ecopetrol SA, Colombia's state-controlled energy firm, is set to commence drilling the Buena Suerte exploratory well in the Caribbean Sea within the coming days, aiming to assess its production potential.
Argentina's Vaca Muerta exports gas to Brazil via Bolivia in historic first
Argentina's Vaca Muerta shale gas has begun flowing to Brazil via Bolivian pipelines, marking a significant milestone in the country's energy export strategy.
Tariffs: Who Imports Venezuelan Oil? - Statista
On top of being the potential target of reciprocal tariffs by the United States from April 2 on, India has now been threatened with another type of US trade action.
Spain's business leader urges EU response to US trade moves, Repsol's Venezuela setback
Spain’s top business leader, Antonio Garamendi, has called for a unified European response to US trade policies, including tariffs and Washington’s recent decision affecting Repsol’s operations in Venezuela
No new US tariffs on Canada, Mexico oil or gas
President Donald Trump unveiled his “Liberation Day” tariffs on April 2, and the US, Canadian and Mexican oil and gas industries breathed a sigh of relief. No new tariffs have been imposed on oil or gas imports from Canada or Mexico to the US.
US revokes foreign firms’ Venezuela oil licences, Maduro urges them to stay
US authorities have revoked Spanish oil company Repsol's licence to export oil from Venezuela. Similar notifications have been delivered by the Office of Foreign Assets Control to France's Maurel et Prom and Italy's Eni.
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