LatAmOil - Latin America Oil & Gas

Iran conflict clouds Brazil rate cut outlook as oil surge lifts Petrobras

The military conflict in the Middle East sent shockwaves through Brazilian financial markets, lifting shares in Petrobras and other domestic oil producers while stoking fears that surging crude prices could push up inflation and slow rate cuts.

YPF sees 2026 EBITDA rising to around $6bn, plans up to $5.8bn in investment

Argentina’s state-run energy company YPF expects EBITDA of between $5.8bn and $6.2bn in 2026, up from $5bn reported in 2025, Chief Executive Horacio Marín said.

Navitas signs farm-in deal for 65% stake in North Falklands licence

Israeli oil and gas exploration firm Navitas Petroleum has signed a definitive farm-in agreement to acquire a 65% working interest in the PL001 North Falklands Basin Licence from JHI Associates Inc.

Brazil’s Petrobras waits as oil jumps

Brazil’s Petrobras is assessing the impact of the conflict in Iran and will track oil prices over the coming week before deciding on domestic fuel adjustments.

Brazil's oil output jumps 14.6% in January to near 4mn bpd, driven by pre-salt surge

Brazil's oil production rose 14.6% year on year in January to 3.953mn barrels per day, building on a record-breaking 2025 as output from the country's prolific pre-salt reserves continued to expand, the oil and gas regulator the ANP said.

Cuba's power crisis hits record depths as blackouts paralyse up to 64% of the country

Cuba's electricity system reached a new low on March 2, with blackouts set to affect up to 64% of the country during peak hours, according to official data from Unión Eléctrica (UNE), as a dual crisis of US fuel restrictions

Washington carves out oil lifeline for Cuba's private sector while tightening grip on Havana

The Trump administration moved to ease its energy stranglehold on Cuba, authorising US companies to export fuel directly to the island's private sector and permitting applications to resell Venezuelan-origin oil to non-government entities

Trump floats Cuba "friendly takeover" as Washington tightens economic squeeze

Colombia's Ecopetrol launches dedicated oil export vessel with 525,000-barrel US shipment

Colombian state oil company Ecopetrol SA commenced operations with its first dedicated export vessel, dispatching the Atlantic Majesty from Coveñas maritime terminal carrying 525,000 barrels of heavy crude

Venezuela oil sales under US deal seen reaching $2bn

Venezuela oil sales under US deal seen reaching $2bn

US Energy Secretary Chris Wright said shipments could total about 40mn barrels by month-end, with prices hovering near $50 a barrel

Venezuela fuel retailers declare emergency as price dispute deepens

The move follows a breakdown in negotiations with the government over raising margins and addressing what the group described as deep-rooted operational problems

US prosecutors move to sell seized Venezuelan oil tanker in test case

The vessel, the Skipper, was detained by the US Coast Guard on Dec. 10 and is currently anchored off the Texas coast

Oil-for-gas deal lets Venezuela start clearing Eni arrears

Chief Executive Officer Claudio Descalzi said the shift allows Caracas to start addressing about $3bn in outstanding obligations that accumulated while conventional payments were effectively frozen

Optimism fuels Venezuela’s growth outlook as energy sector leads recovery

Rising confidence among businesses and consumers is reshaping Venezuela’s economic outlook, according to economist and financial adviser Leonardo Buniak

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