LatAmOil - Latin America Oil & Gas

Cuba's private sector creates new elite as 89% live in extreme poverty, rights group says

US-controlled Venezuelan oil sales could top $10bn a year, Wright says

Wright said about $1bn in oil has already been sold, with contracts in place to market an additional $5bn in the coming months

Venezuela’s oil reset spurs cautious optimism under Washington’s watch

Any recovery, however, is set to advance slowly and on Washington’s terms. Analysts say the US is likely to oversee as much as 70% of Venezuela’s oil-related cash flow, closely tracking how revenues move through the economy

Venezuela bond prices signal uneven recovery ahead of restructuring

A report from Bank of America says the focus is shifting from the overall recovery value to how losses and gains are apportioned among bondholders, depending on legal terms, litigation risks and, above all, unpaid interest

Venezuela reclaims fifth spot among US crude suppliers

Shipments averaged 153,000 barrels per day (bpd), down 13% from the previous week but still sufficient to overtake rival suppliers and restore the country’s ranking among Washington’s key energy partners

COMMENT: US strike on Iran is all but inevitable with Trump backed into a corner

As the Iranians continue to make military threats while blocking off the crucial oil transit point of the Strait of Hormuz, it appears that US President Donald Trump will inevitably launch an attack on Iran.

Shell steps up to steady Brazil’s Raízen

Shell has agreed to inject more capital into its joint venture Raízen, easing its earlier stance of matching contributions with partner Cosan.

Argentine LNG emerges as next frontier in hydrocarbon sector boom

Following the sealing of a joint agreement for the Argentina LNG project, it appears that LNG is emerging as the next frontier of the South American country's hydrocarbon sector boom.

Repsol receives first Venezuelan crude shipment since Maduro’s fall

Spain’s Repsol received its first cargo of Venezuelan crude since the removal of former president Nicolás Maduro, as the tanker Folegandros docked at the Port of Bilbao.

Suriname's oil and gas sector growth could be crippled by fiscal policy missteps, IMF warns

The International Monetary Fund has cautioned that Suriname's offshore oil windfall could be significantly undermined by deteriorating fiscal and monetary discipline.

Cuba says 32,880 pregnant women at risk as US fuel blockade disrupts maternal healthcare

Trump confirms Cuba talks as speculation swirls around Raúl Castro's son as interlocutor

Detention of US oil engineer heightens tensions over Venezuela energy revival

Romero, 86, was taken into custody on February 13 at Maracaibo airport as he prepared to fly to Caracas for meetings with international oil companies

Ecuador liability to Chevron reduced by $5.7mn after arbitration recalculation

A recalculation by an international arbitration panel has lowered the compensation that Ecuador must pay to Chevron, reducing financial exposure in a decades-old environmental and legal confrontation linked to oil operations in the Amazon region.

Trump says US is negotiating with Cuba as oil blockade triggers humanitarian crisis

US president Donald Trump confirmed that Washington is in active talks with Havana, calling Cuba a "failed nation" stripped of jet fuel and basic supplies, even as he refused to rule out military intervention if negotiations collapse

DOF wins offshore contract for Vaca Muerta export project

Norway’s DOF Group ASA has secured a substantial offshore contract for a project in Argentina linked to the Vaca Muerta Oil Sur (VMOS) development, the company said in a statement, with operations scheduled across two campaigns in 2026.

Trump rejects claims of unauthorised US mediation in Venezuela oil talks

Writing on Truth Social, Trump said only individuals formally approved by the State Department can represent the US government, dismissing suggestions of unofficial mediation

PDVSA tightens oil sales as licensing uncertainty slows exports

The stance comes despite Washington issuing a broad authorisation in January to allow oil exports, alongside specific permits for traders including Trafigura and Vitol

Venezuela property market stirs as post-Maduro optimism lifts prices

Across oil-producing regions, coastal cities and tourist hubs, agents report price increases of between 20% and 50%

US shifts Venezuelan oil proceeds from Qatar to Treasury account

The change follows Washington’s decision to take control of Venezuela’s oil exports after the capture of former president Nicolás Maduro in a US-led military operation last month

Venezuela creates twin funds to channel oil revenue

According to a statement from the Presidential Press Office, the revenues will be split between two dedicated financial vehicles with distinct mandates

Chevron could lift Venezuelan output to 300,000 barrels a day, US energy chief says

Wright made the remarks after visiting oil fields operated by the company in the country, pointing to the Orinoco Oil Belt as central to any production increase

US energy chief unveils $100mn plus Chevron investment

Wright said the investment is intended to double output within 12 to 18 months and increase it fivefold over the next five years, as Washington seeks to accelerate a recovery in the country’s energy sector

Oil majors in talks with Venezuela over recovery of expropriated assets

The discussions mark a potential shift in relations between Caracas and foreign producers that suffered billions of dollars in losses

Valero plans Venezuelan crude imports in March

The move would make Valero one of the first refiners to restart purchases following the consolidation of a $2bn supply agreement between the US government and Venezuela’s interim administration