LatAmOil - Latin America Oil & Gas

US oil eyes Venezuela return

US oil companies could be “up and running” in Venezuela within 18 months, President Donald Trump said, following the removal of Venezuelan leader Nicolas Maduro.

Asphalt market unlikely to shift in Venezuela after Maduro capture

Colombia links US Venezuela strike to oil control ambitions

Venezuelan authorities to turn over 30mn-50mn barrels of sanctioned crude to the US

US President Donald Trump announced on January 6 that Venezuelan authorities will turn over 30mn to 50mn barrels of sanctioned crude to the US, redirecting exports from China to the US.

Argentina overtakes Colombia as South America's fourth-largest oil producer

Argentina has overtaken Colombia to become Latin America's fourth-largest oil producer, driven by explosive growth in the Vaca Muerta shale formation.

Oil gains mask decline in Peru gas reserves and investment

Peru’s hydrocarbons sector shows mixed signals as modest gains in oil reserves contrast with falling gas availability and subdued investment levels.

Trump quietly signalled Venezuela oil push weeks ago, but US majors hold back

President Donald Trump hinted weeks ahead of Nicolás Maduro’s capture that sweeping changes were coming to Venezuela

Venezuela explores US crude sales as blockade strains PDVSA

Officials in Caracas and Washington are weighing options to channel Venezuelan crude to US refiners, a move that could ease mounting pressure on state producer PDVSA while reshaping long-standing trade flows dominated by China

Venezuela bonds rally on regime-change bets, Citi says upside remains

Prices rose by more than 2 cents on January 6, building on even stronger gains a day earlier, with the defaulted 2034 notes among the top performers

Venezuela’s opposition energy hub vision falters as US keeps distance

The proposal seeks to reverse years of output decline through sweeping liberalisation, including full access for private capital and the dismantling of PDVSA’s monopoly

Maduro’s ouster in Venezuela raises fears of deeper crisis in Cuba

Cuba confronted deepening economic uncertainty following the US military operation that captured Venezuelan President Nicolás Maduro, threatening to sever vital oil supplies that have sustained the island's struggling economy.

Maduro’s ouster puts Iranian energy claims from Venezuela in doubt

The capture of Venezuelan President Nicolas Maduro by the US has thrown into doubt Iran’s relations with one of its closest allies as well as its ability to recover billions of dollars in outstanding claims linked mainly to energy cooperation.

Repsol lines up $130mn investment at key Peru Amazon gas block

Spain’s Repsol is preparing a fresh upstream investment in Peru aimed at safeguarding long-term natural gas supply from one of the country’s most strategic production areas.

Peru moves to split Petroperú as debt and losses overwhelm state oil firm

Petroperú is no longer confronting a cyclical downturn but a balance-sheet rupture with systemic consequences for Peru’s public finances, energy security and institutional credibility.

Continental Resources and Pan American Energy to jointly develop four Argentine oil blocks

Continental Resources, the US shale pioneer founded by billionaire Harold Hamm, has partnered with Pan American Energy to accelerate development across four Vaca Muerta oil blocks.

Despite reserves, Venezuela produces little oil – STATISTA

On January 3, the US military conducted a series of strikes across northern Venezuela including in the capital, Caracas, and extrajudicially captured Venezuelan President Nicolás Maduro and his wife, Cilia Flores, Statista reports.

US firm Continental Resources receives approval for Argentine oil block

Neuquén Province has approved Continental Resources' entry into Vaca Muerta's Los Toldos II West block, bringing US unconventional exploration expertise to one of Argentina's key strategic shale areas.

Maduro’s capture sends shockwaves through China’s Venezuela oil ties

The arrest of Venezuela’s Nicolás Maduro by the US has unsettled geopolitics and injected fresh uncertainty into oil markets, with China — Caracas’s main strategic partner and crude buyer — closely tracking the fallout

Venezuela’s vast oil reserves come into focus after Maduro’s capture

The arrest of Nicolás Maduro and his wife, Cilia Flores, by US forces has thrown fresh uncertainty over the future of Venezuela’s oil industry, home to the world’s largest proven crude reserves

Venezuela bonds jump on US intervention bets despite restructuring risks

Venezuelan sovereign debt surged after the arrest of Nicolás Maduro by US authorities and Washington’s assertion that it would take temporary control of the country

Venezuela oil shipments slip past blockade as Chevron resumes exports

A wave of oil tankers has quietly departed Venezuela with tracking signals disabled, pointing to covert flows of crude and fuel even as a US naval blockade seeks to enforce a sweeping embargo

Venezuela curbs oil output as US blockade chokes exports and storage

Venezuela has started scaling back crude production after state-owned PDVSA ran short of storage capacity, underscoring the impact of a US oil blockade that has effectively frozen exports

Geopolitical volatility triggers OPEC+ retreat to market neutrality

The leading factions of the OPEC+ alliance have opted to maintain current crude production ceilings

Indian Oil Corp turns to Colombian crude as Russia supplies tighten

Indian Oil Corp has purchased its first cargo of Colombian crude under an optional supply agreement with state-controlled producer Ecopetrol, as India’s largest refiner moves to diversify feedstock away from Russian oil

Colombia's Ecopetrol assumes full control of Caribbean offshore gas blocks after Shell exit

Ecopetrol has taken full ownership and operatorship of several offshore gas exploration blocks in Colombia’s southern Caribbean after the National Hydrocarbons Agency formalised the transfer of Shell Ep Offshore Venture’s 50% stake