LatAmOil - Latin America Oil & Gas

Mexico’s Amigo LNG inks 20-year offtake deal with UAE’s IRH

Mexico’s Amigo LNG, the flagship project of LNG Alliance, ha signed a 20-year Sales and Purchase Agreement (SPA) with Abu Dhabi-based International Resources Holding (IRH),

OPEC+ sets symbolic quota rise as Hormuz closure bites

OPEC+ has agreed a modest increase in oil production quotas from May, a move that is more about signalling future intent than shifting near‑term supply

Venezuela oil exports top 1mn bpd for first time in six months

Venezuela’s oil exports exceeded 1 million barrels per day (bpd) in March for the first time since September, driven by increased shipments to India and storage flows to the Caribbean, according to ship-tracking data.

Venezuela’s Rodriguez moves to take control of Citgo board

Venezuela’s government under interim President Delcy Rodriguez is preparing to take control of the boards of PDVSA’s US-based subsidiaries, including Citgo Petroleum, in a move that could intensify a long-running dispute over its control.

Shell weighs expanded Venezuela gas push as talks advance

The London-based energy group is aiming to take a final investment decision on Dragon by the end of the year, while simultaneously assessing nearby zones linked to the Mariscal Sucre development

OFAC clarifies compliance rules for Venezuela energy and mining Operations

The clarification reinforces that limited activities remain permitted under specific licences, while detailing how non-US companies can operate without breaching restrictions

Argentina's YPF to freeze fuel prices for 45 days amid Middle East-driven oil volatility

Argentine state oil company YPF will hold pump prices steady for 45 days to shield consumers from crude oil volatility driven by the Middle East conflict, its chief executive said on April 1.

Bolivia and Chile team up to combat cross-border fuel tampering network

Bolivia and Chile have stepped up bilateral cooperation to tackle a cross-border fuel adulteration network, as investigations reveal systematic tampering with shipments destined for the Bolivian market.

Bolivia probes cross-border fuel fraud as $150mn losses trigger political fallout

Bolivia has launched a sweeping investigation into an alleged international network accused of siphoning and adulterating imported fuel, as authorities estimate losses of around $150mn linked to the scheme.

Bolivia reshuffles YPFB leadership as fuel crisis forces sector overhaul

Bolivia has replaced the head of its state energy firm and unveiled a series of emergency measures aimed at restoring confidence in fuel supply, following weeks of disruption linked to contaminated petrol and mounting social pressure.

Bolivia suspends Vitol, Trafigura fuel deals as smuggling probe deepens supply concerns

Bolivia has halted fuel supply contracts with global traders Vitol and Trafigura as authorities intensify an investigation into a cross-border network accused of distributing contaminated petrol, raising fresh concerns over energy security.

YPF shares jump nearly 7% after favourable US court ruling

Shares of Argentina’s state-controlled oil company YPF have risen nearly 7% since a US appeals court ruled in favour of the Argentine state and the company in a long-running legal dispute over its 2012 nationalisation, market data showed.

Slovak refiner turns to Guyana and Latin America for crude as Hormuz closure cuts off Middle East supply

ExxonMobil targets Haimara discovery as anchor for ninth offshore Guyana project

Pemex production rises for third straight month as oil price surge opens export opportunity

Mexico's public investment falls 44.9% in worst drop on record as Pemex spending collapses

Russia pledges continued Cuba oil supplies as sanctioned tanker docks at Matanzas with 730,000 barrels

The Russian-flagged tanker Anatoly Kolodkin docked at Cuba's port of Matanzas on March 31 carrying 730,000 barrels — equivalent to 100,000 tonnes — of crude oil, the first significant petroleum delivery to reach the island in over three months

Venezuela opens for business, but investors weigh promise against reality

Reforms to oil, mining and financial laws have accelerated since the fall of Maduro, but legal ambiguity, institutional weakness and unresolved questions over democracy are tempering enthusiasm among investors, Orinoco Research says.

Mexico inspects Pemex facilities in Gulf after oil spill spreads 600km along coastline

Mexico considers oil shipments to Cuba as Trump softens blockade stance

Colombia signals readiness to resume power exports to Ecuador amid policy standoff

Colombia said it is prepared to resume electricity exports to Ecuador, though any restart depends on decisions by President Daniel Noboa’s government, according to statements by the energy ministry

Colombia advances Venezuela gas import plan as pipeline talks progress

Colombia is moving forward with plans to import natural gas from Venezuela after a meeting between the Ministry of Mines and Energy, Ecopetrol and PDVSA outlined a roadmap to define commercial terms and restore key infrastructure

NFE locks Brazil LNG deal

New Fortress Energy said its Brazil unit has signed a long-term lease and capacity agreement for the Terminal de Gás Sul LNG import facility in Santa Catarina, with operations under the contract set to begin in August 2026.

Shell Brasil tops output mark

Shell Brasil exceeded 500,000 barrels of oil equivalent per day on March 24, reaching 502,200 boed, country head Cristiano Costa said in a social media post.

Argentina energy surplus seen topping $15bn as shale boom reshapes economy

Argentina’s energy sector could generate a surplus exceeding $15bn in 2026, driven by rising output from the Vaca Muerta shale formation, lower imports and favourable global prices, analysts and international banks said.