Region: Latin America Category: Oil & Gas Frequency: Every Tuesday
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LatAmOil provides oil and gas Insight and Foresight from Mexico and Central America to the Caribbean and South America. From the heavyweight producers such as Brazil to emerging frontiers like Guyana, LatAmOil informs you of what is going on and why through commentary, exclsuive interviews, news and analysis. In such a notoriously challenging environment, in-depth and accurate information makes every difference in vital decision making and strategy – LatAmOil brings this directly to your inbox every week.
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Rodríguez presses for sanctions relief as Venezuela courts energy partners
Speaking to domestic and foreign executives, including representatives from Repsol, Chevron, Shell and Maurel & Prom, Rodríguez framed the appeal as part of a broader push for sovereignty, independence and a self-directed energy policy
Argentina's Vista posts 59% production surge in fourth quarter, cuts costs
Argentina’s largest independent oil producer Vista reported a 59% year-on-year rise in total output in the fourth quarter of 2025, alongside an 8% reduction in lifting costs.
Trump floats 'friendly takeover' of Cuba, says Rubio in high-level talks with Havana on transition
Ecuador halts Esmeraldas refinery after third fire in nine months
Ecuador has temporarily suspended operations at its largest refining complex after a fresh blaze struck a processing unit, underscoring mounting operational strains at the country’s main fuel hub.
Bolivia deploys troops to shield YPFB facilities as fuel quality overhaul begins
Bolivia has placed its key hydrocarbon installations under military protection, as President Rodrigo Paz tightens control over state energy group Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) following a fuel quality scandal.
US oil intake from Venezuela rises after January raid, falls short of Trump claim
In his State of the Union address, Trump said the US had received more than 80mn barrels from Venezuela, a number that outstrips available import data
As the Middle East erupts, Guyana is poised for unprecedented oil growth
While the Iran-Israel-US conflict continues to rock the Middle East, Guyana could emerge as an unlikely beneficiary of the oil output and shipping crisis that appears set to occur.
Venezuela crude exports shift to supertankers under US-backed supply deal
The move is expected to increase export capacity from March and channel a greater share of shipments toward India, according to shipping records and people familiar with the flows
PDVSA reassesses oil partnerships after legal changes and US demands
The contracts were introduced after the now Interim President Delcy Rodríguez assumed the role of oil minister in October 2024 and included new structures such as productive participation agreements (CPPs)
Saipem poised for Venezuela return
Chief executive Alessandro Puliti said Venezuela is a market where Saipem has a long operational history and remains ready to re-enter once clients begin advancing projects
Tenaris weighs Venezuela expansion as drilling activity shows signs of revival
The pipe maker, part of Argentina’s Techint Group, kept a limited presence in the country and continued to provide technical and commercial support to Chevron, now the only large international oil producer operating at scale there
US urges court not to hold Argentina in contempt in $18bn YPF judgment dispute
The United States government has urged a federal judge not to hold Argentina in contempt over its alleged failure to hand over officials’ messages and emails in a long-running effort by former YPF shareholders to enforce a $18bn judgment.
YPF deepens shale shift in fourth quarter as conventional output declines
Argentina’s state energy company YPF accelerated its transition towards shale production in the fourth quarter of 2025, boosting unconventional oil and gas output while scaling back conventional operations.
Argentina’s VMOS pipeline 54% complete, targets 550,000 bpd exports by 2027
Argentina’s Vaca Muerta Oil Sur (VMOS) pipeline project is 54% complete and is expected to export up to 550,000 barrels per day (bpd) by 2027. The project is projected to generate more than $15bn in annual exports.
Russian tanker carrying 200,000 barrels to Cuba turns back mid-Atlantic, deepening island's fuel crisis
A vessel believed to be transporting 200,000 barrels of Russian gas oil to Cuba abruptly halted its journey and began drifting in the North Atlantic on February 26, likely deterred by the Trump administration's Caribbean blockade
US eases Cuba oil embargo under Caribbean pressure, authorising Venezuelan crude resale to private sector
The US Treasury announced that it would implement a "favourable licensing policy" allowing companies to resell Venezuelan oil to Cuba's private sector for "commercial and humanitarian use" — but not to government, military or intelligence entities
Spain's Meliá, Iberostar shut five Cuba hotels as fuel crisis drains tourism, erasing €130mn in market value
Canada fast-tracks $5.8mn in food aid to Cuba, bypassing government to deliver via UN agencies
Argentina’s YPF widens Q4 net loss to $649mn despite stronger shale output
Argentina’s state-controlled energy company YPF reported a fourth-quarter net loss of $649mn, more than double the $284mn loss recorded a year earlier, as shifting prices in oil and refined products and weaker gas sales weighed on results.
Brazil's ANP moves to expand production-sharing offer with 15 new offshore blocks
Brazil's oil and gas regulator ANP will hold a public hearing on March 13 to add 15 exploratory blocks to its Production-Sharing Permanent Offer, expanding the available portfolio from eight to 23 areas
Brazil’s Rio trade surges despite tariff shock
The state of Rio de Janeiro recorded $80.2bn in trade last year, up 9% from the previous period, industry group Firjan said, citing export growth that offset the impact of tariffs announced by Donald Trump.
US ethanol industry offers Mexico technical help to expand fuel blending and cut air pollution
Trade dispute continues between Ecuador and Colombia over 900% hike in oil transport fee
Mexico’s fracking debate resurfaces
US eases curbs on Venezuelan Oil shipments to Cuba to address regional risks
Secretary of State Marco Rubio warned the policy would be rolled back if the crude ultimately benefits Cuba’s government or armed forces, stressing that any relief must reach ordinary citizens
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