LatAmOil - Latin America Oil & Gas

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

Parex resources offers $500mn cash to outbid GeoPark for Frontera Colombia assets

Parex Resources submitted a $500mn all-cash acquisition proposal to Frontera Energy Corp's board on February 23 to acquire the company's 17 Colombian upstream petroleum and gas assets, offering a $125mn premium over GeoPark's existing agreement

Vista to acquire Equinor’s Vaca Muerta stakes after Shell waives pre-emption rights

Vista Energy said it would proceed with the acquisition of stakes held by Norway’s Equinor in two blocks in Argentina’s Vaca Muerta shale formation after Shell Argentina waived its right of first refusal.

Suriname and Guyana consider cross-border gas pipeline

Suriname and Guyana are exploring a cross-border gas pipeline to link their rapidly expanding offshore developments.

Argentina oil output hits record as Vaca Muerta drives 68% of supply

Argentina’s oil production reached a record 882,200 barrels per day (b/d) in January, with nearly 600,000 b/d coming from the Vaca Muerta shale formation, which now accounts for 68% of national output.

Argentina’s shale oil potential likened to US Permian by Continental CEO

Argentina’s shale oil resource in the Vaca Muerta basin could rival the size and productivity of Texas’s Permian Basin, US oil producer Continental Resources said on February 24.

Fracking in Argentina linked to hundreds of tremors in Neuquén, experts say

Hydraulic fracturing in Argentina’s Patagonia region has been linked by researchers to a sharp rise in seismic activity in Neuquén province, home to the country’s largest shale reserves.

Argentina's Neuquén to hold hearing on Pluspetrol’s 150-well Vaca Muerta project

Argentina’s Neuquén province will hold a public consultation on March 31 in Rincón de los Sauces over a 150-well development project proposed by Pluspetrol in the northern block Bajo del Choique of the Vaca Muerta formation.

US intercepts third tanker linked to Venezuela and Cuba sanctions-busting in Indian Ocean

Africa–Venezuela energy cooperation strengthened through high-level AEC visit

A delegation from the African Energy Chamber (AEC) has visited Venezuela to advance a structured cooperation programme in the hydrocarbon sector and establish technical training partnerships.

Ghana's Cybele Energy targets oil output boom at Guyana's S7 Block

Ghana’s female-led Cybele Energy is targeting 160,000 barrels per day production at Guyana's S7 Block after the company identified more than 400mn barrels of recoverable resource potential in its shallow water acreage.

Argentina's Neuquén province achieves oil output record

Neuquén province set a new oil production record in January 2026, reaching 610,715 barrels per day, the provincial government announced.

Rubio heads to Caribbean talks as US sharpens focus on Cuba and Venezuela

The State Department said Rubio will underline Washington’s commitment to working with members of the Caribbean Community to bolster stability and prosperity across the hemisphere

Trinidad's NGC signals scope for better gas terms after Perenco supply deals

Chairman Gerald Ramdeen defended NGC’s earlier move to lift prices for light industrial customers to $5.30 per MMBtu from $3, saying previous tariffs were heavily subsidised and below the company’s acquisition costs

Colombia's Ecopetrol lifts proven reserves 2.7% to 1.944bn barrels, achieves 121% replacement despite $68.64 Brent

Ecopetrol reported proven oil, condensate and natural gas reserves of 1.944bn barrels of oil equivalent at end-2025, up 2.7% year-on-year, achieving a 121% reserves replacement ratio despite a 13.9% decline in Brent crude to $68.64 per barrel

Colombia lacks OFAC licence to import Venezuelan gas through Ecopetrol, minister says

Colombia's state oil company Ecopetrol cannot import natural gas from Venezuela because it lacks authorisation from the US Office of Foreign Assets Control, Energy Minister Edwin Palma said after visiting Caracas

US intercepts third tanker in Indian Ocean over Venezuela oil sanctions

The Pentagon said US forces carried out a right-of-visit inspection and boarding of the tanker Bertha without incident in the area overseen by US Indo-Pacific Command

Spanish court upholds arbitration award against PDVSA over Corocoro loan

Venezuela’s oil sector recalibrates as licences ease pressure

State-owned PDVSA is running its main refineries — Amuay, Cardón, El Palito and Puerto La Cruz — at a combined throughput of about 450,000 barrels per day (bpd), roughly 35% of installed capacity

Parex Resources bids $500mn for Frontera Energy's Colombia assets, topping GeoPark offer

Canada's Parex Resources submitted an all-cash $500mn proposal to acquire Frontera Energy's Colombian upstream operations, trumping GeoPark's January agreement by $125mn and offering an additional $25mn contingent payment plus debt assumption

Russia completes Cuba tourist evacuation as fuel crisis grounds flights

Cuba private companies receive first fuel imports despite US oil blockade

Trump administration intensifies Cuba embargo as energy crisis deepens humanitarian concerns

The Trump administration has accelerated economic pressure on Cuba through an enhanced petroleum embargo threatening tariffs on countries supplying oil to the island following Mexico's suspension of fuel shipments

Cuba's oil reserves risk running dry by March as garbage crisis engulfs Havana

Cuba faces depletion of its oil reserves by mid-March unless supply vessels arrive, energy expert Jorge Piñón warned, as only 44 of Havana's 106 rubbish trucks remain operational and waste piles accumulate across the capital amid a US fuel blockade

Cuba healthcare system nears collapse as US fuel embargo threatens 5mn patients