LatAmOil - Latin America Oil & Gas

Brazil may need to cut oil exports from 2034 without major new discoveries, consultant says

Brazil may need to begin reducing oil exports from 2034 onward if it fails to make significant new discoveries in coming years, as the country's main production basins enter a mature phase, according to industry consultant Leggio Consultoria.

Cuba foreign minister holds Madrid talks on strengthening ties as US tightens oil embargo

Cuba refinery fire highlights deepening energy strain amid supply shock

Cuba brought a fire at Havana’s Ñico López oil refinery under control after an incident near fuel storage facilities intensified concerns over the island’s worsening energy shortage, authorities said

Fire at Havana refinery contained as Cuba's fuel crisis deepens under US oil embargo

Colombia's gas output drops 17% in 2025 as fields deplete and imports loom

Colombia's natural gas production averaged 794.57mn cubic feet per day (22.5mn cubic meters per day) in 2025, down 17.1% from 958.5 mcfd in 2024, marking the steepest annual contraction in over a decade as mature fields deplete

Five oil majors cleared to invest in Venezuela as US eases sanctions

The United States has authorised five major oil companies to negotiate investment agreements with Venezuela, extending sanctions relief nearly six weeks after American forces captured President Nicolás Maduro.

Oil refining lifts Uruguay manufacturing growth despite jobs slump

Output across the sector rose an average 2.7% from the previous year, according to data released by the National Institute of Statistics

US refiners get boost as Venezuelan heavy crude re-enters market

Sour crude differentials began to widen in mid-2025 and stayed elevated through the fourth quarter as supplies expanded, including from OPEC+ producers, the company said

Venezuela denies report of crude shipment to Israel

The statement was intended to rebut claims that Caracas had resumed oil sales to Israel after a halt that has been in place since mid-2020

TotalEnergies rules Out Venezuela return despite Trump push for oil investment

The French producer exited Venezuela in 2022 and sees no change in the strategic factors that drove that decision

BP seeks US approval to revive cross-border gas project with Venezuela

Interim Chief Executive Officer Carol Howle said the company is focused on securing the licence required to unlock the resource

Russia seeks US clarification on Venezuela oil curbs excluding Moscow and Beijing

Russia said it will press the US for clarification after Washington introduced new restrictions on Venezuela’s oil industry that exclude Russian and Chinese participation, a move the Kremlin described as “blatant discrimination”

Rodríguez hints at future US trip after energy talks in Caracas

Venezuela’s interim president Delcy Rodríguez said she expects to travel to the United States at some point following talks in Caracas with US Energy Secretary Chris Wright

US signals openness to China deals in Venezuela

The US is prepared to accept deals involving “legitimate” Chinese companies in Venezuela, even as it seeks to prevent arrangements Washington views as damaging

Venezuelan crude cargoes signal possible return to European refineries

Three cargoes of Venezuelan crude are crossing the Atlantic and indicating destinations in Italy and Spain

Mooring system installation marks milestone for ExxonMobil's fifth Guyanese oil development

Oil-rich Guyana attracts thousands of Cuban construction workers amid building surge

China snaps up US-seized Venezuelan crude

China has purchased Venezuelan crude oil that was sold by the US following Washington’s seizure of President Nicolás Maduro in January and a number of the country’s oil tankers.

Trinidad and Tobago's Atlantic LNG shuts down second liquefaction train in February

Atlantic LNG has shut down Train 3 for emergency repairs.

Colombia eyes cheaper Venezuelan gas as sanctions ease and Bogotá seeks energy relief

Colombia's president Gustavo Petro announced that his government would begin importing natural gas from Venezuela at significantly reduced prices, signalling a notable shift in the country's energy strategy

Vista Energy credit profile bolstered by $712mn Argentina asset deal, Fitch says

Vista Energy’s agreement to acquire non-operated interests in Argentine energy assets from Equinor is a "credit positive" development that will significantly increase the firm's production scale and reserves, Fitch Ratings reported.

Bolivia vice-president files corruption complaint over state oil contracts

Political tensions in Bolivia have intensified after Vice-President Edmand Lara lodged a criminal complaint against the head of state oil company YPFB, accusing its president Yussef Akly of irregular fuel procurement deals.

Fitch upgrades GeoPark outlook on Colombia acquisition plans

Fitch Ratings has revised its outlook for GeoPark Limited to positive from stable whilst affirming the oil and gas producer's long-term foreign and local currency issuer default ratings at 'B+', the ratings agency said.

YPF, Eni and XRG sign joint accord to advance Argentina LNG project

YPF, Italy’s Eni and XRG have signed a binding Joint Development Agreement to move forward with the Argentina LNG project, a large-scale initiative aimed at producing and exporting liquefied natural gas from the Vaca Muerta formation.

Brazil’s Raízen debt talks intensify

Bondholders holding Raízen’s international debt have appointed Moelis to advise on a restructuring of the company’s liabilities. The creditor group is also working with law firm White & Case as discussions advance.