LatAmOil - Latin America Oil & Gas

Brazil lawmakers urge biodiesel blend increase to 16% amid Iran war instability

Three Brazilian parliamentary groups have issued a manifesto calling for an increase in the mandatory biodiesel blend in diesel fuel to 16% (B16) to cut fuel imports and reduce the country's currency exposure amid global instability.

Shell eyes control of Raizen as $765mn rescue deal takes shape

Troubled Brazilian sugar and ethanol producer Raizen said this week it is evaluating a Shell-led capital injection of BRL4.0bn ($765mn) to address a deepening debt crisis, while leaving open the possibility of an out-of-court restructuring.

Mexico's corporate bond market hits record as Pemex returns after six-year absence

Mexico moves to shield fuel prices from Middle East conflict as oil markets spike

Colombia's Ecopetrol selects 13 buyers for imported gas via Cartagena terminal from 2026

Colombia’s state oil company Ecopetrol has chosen 13 companies to purchase natural gas it plans to import through a terminal in Cartagena from late 2026, after receiving expressions of interest from 44 firms during a commercial process

Norway's oil fund drops Colombia's Ecopetrol over alleged Awá human rights violations

Norway's Government Pension Fund Global (GPFG), the world's largest sovereign wealth fund with roughly $1.9 trillion in assets under management, divested its stake in Ecopetrol on February 26, with the exclusion taking effect on March 2

Colombia's Ecopetrol 2025 net profit falls 39.5% to $2.2bn

Colombia's state-controlled oil producer Ecopetrol reported full-year 2025 net income of $2.2bn (COP9 trillion) — down 39.5% from 2024's $3.6bn (COP14.9 trillion) — as lower Brent crude prices and unfavourable exchange rate movements

Brazil’s Petrobras backs tech drive at Mero

Brazil’s Petrobras and its partners in the Libra Consortium plan to invest about BRL151mn ($28.87mn) in the Libra Rocks project to advance geological modelling and technologies for the Mero field in the pre-salt Santos Basin.

Argentina's YPF, Vista Energy and Pampa Energía may participiate in RIGI for shale wells

Argentina has expanded President Javier Milei’s flagship investment incentive programme to include shale oil wells in the Vaca Muerta formation.

SEFE seals eight-year Argentina LNG supply deal with Southern Energy

Germany’s Securing Energy for Europe (SEFE) has finalised an eight-year liquefied natural gas (LNG) sales and purchase agreement with Argentina’s Southern Energy (SESA).

Shell sees Brazil gain from Middle East tensions

Shell sees rising tensions involving the United States, Israel and Iran as an opening for Brazil to draw capital into its oil sector, its country head said, citing the nation’s stability and production record.

Middle East conflict raises energy price risks for Argentina

Escalating hostilities involving the United States, Israel and Iran have injected fresh volatility into global oil markets, prompting analysts to assess the potential impact on Argentina’s energy trade balance, fuel prices and investment outlook.

TotalEnergies' Suriname FPSO to rival Brazil's pre-salt with 220,000 bpd capacity

TotalEnergies' GranMorgu floating production, storage and offloading (FPSO) vessel offshore Suriname will carry a 50,000-tonne topside and gas-processing capacity of 500mn cubic feet per day (MMcf/d) (14.2mn cubic metres per day), Rystad Energy said.

Colombia's foreign investment hits four-year low as mining and manufacturing slump

Peru’s gas shock exposes structural weaknesses in energy security

Peru’s decision to declare a 14-day state of emergency in the natural gas system marks one of the most severe stress tests of its energy model in two decades.

Each $1 Brent move swings Colombia's Ecopetrol net income by $122mn, CEO says, as crude tops $77 on Iran tensions

Ecopetrol's net profit fluctuates by approximately $122mn (COP500bn) for every $1 change in the annual average Brent crude price — with EBITDA sensitivity reaching $186mn (COP760bn) per dollar — President Ricardo Roa stated

Licences ease pressure for Venezuela, sector recovers slightly

Venezuela’s oil industry is showing tentative signs of recovery as higher refining rates, revived export routes and renewed interest from foreign companies reshape a sector still constrained by US sanctions and operational bottlenecks

Colombia, Venezuela explore energy cooperation amid sanctions and supply concerns

YPF posts best earnings in 10 years for 2025

YPF reported an adjusted EBITDA of $5bn for 2025, the highest in a decade, driven by record shale oil production in Vaca Muerta despite falling international crude prices.

Pemex workers blockade southern Mexico fuel terminal over suspended medical care

Argentina's YPF to smooth fuel prices amid oil volatility triggered by Middle East crisis

Argentina’s state-controlled energy company YPF said it would avoid sharp increases in domestic fuel prices despite a surge in international oil prices driven by escalating conflict in the Middle East and tensions around the Strait of Hormuz.

Middle East conflict and court ruling threaten two key Milei economic reforms

Two key economic reforms pursued by Argentine President Javier Milei have come under pressure following a surge in global energy prices triggered by the war in the Middle East and a domestic court ruling challenging fuel market deregulation.

African Energy Chamber, Venezuelan petroleum authorities sign MoU to drive energy investment, collaboration

Venezuela’s leading petroleum authorities have signed a Memorandum of Understanding (MoU) with the African Energy Chamber (AEC), establishing a formal framework for long-term collaboration across the hydrocarbon value chain.

Venezuela oil shipments double in February as output rebounds

January exports had stood at roughly 383,000 barrels a day, when the Trump administration first took control of the country’s oil sales

Exxon Mobil weighs return to Venezuela with technical visit planned

The US oil major is exploring avenues for cooperation with the Venezuelan government and could resume operations if what it views as appropriate investment conditions are put in place