LatAmOil - Latin America Oil & Gas

Venezuela courts oil majors, service firms

This comes as legislative changes are mulled.

US control of Venezuela oil risks debt clash with China

American oversight of Venezuelan petroleum exports has trapped oil cargoes that Beijing was using to service debt, potentially creating a superpower confrontation that could complicate the South American nation's path out of default.

Venezuela receives additional $200mn from hydrocarbon sales

Colombia's Ecopetrol, Frontera Add 18MW from Quifa solar project in Colombia

Ecopetrol and Frontera Energy will incorporate 18 megawatts of capacity from the Quifa solar farm in eastern Colombia during the first quarter of 2026, strengthening their self-generation capacity and advancing the country’s energy transition

Colombia’s TGI Signs Deal With Hocol for LNG regasification plant in La Guajira

Colombia’s Transportadora de Gas Internacional (TGI), a unit of Grupo Energía Bogotá, has signed a connection and access agreement with Hocol, an Ecopetrol subsidiary, to install a liquefied natural gas regasification plant in La Guajira

Chevron ramps up Venezuelan crude flows to US

Chevron Corp. has sharply increased shipments of Venezuelan crude to the US, deploying its largest tanker fleet in nearly a year as Washington deepens its oversight of the country’s oil sector following the capture of Nicolás Maduro

Venezuela debt rally signals opening for historic restructuring after Maduro ouster

Venezuelan bonds, long treated by investors as a speculative bet on a deeply troubled economy, surged after a pre-dawn US operation in Caracas removed President Nicolás Maduro, reviving expectations of a sweeping debt overhaul

PetroChina steps back from Venezuelan crude as US takes control of exports

The move marks another pause in what was once a key supply relationship. Until early 2019, PetroChina was Venezuela’s largest single crude buyer, before US sanctions forced a halt to imports

Venezuela targets $1.4bn in oil investment as reform talks advance

Venezuela prepares to resume LPG exports under US-backed oil deal

Vitol and Trafigura were granted the first US licences earlier this month to handle cargoes tied to the roughly $2bn agreement, which seeks to draw down inventories that accumulated after the US imposed an oil blockade in December

Venezuela's oil prospects fraught with difficulties, says Fitch

Venezuela’s hopes of reviving its long-struggling oil industry have gained fresh momentum following recent US actions, but a ratings agency is warning that any recovery will be slow, costly and fraught with structural challenges.

Trinidad targets 2027 start for Venezuelan gas despite political upheaval

Shell and Trinidad's state gas company continue planning for a Venezuelan offshore project that officials say could begin flowing gas by late 2027 despite recent political changes in Caracas.

Venezuela's oil reform fails to lure US majors despite push for private investment

Venezuela's interim government has fast-tracked changes to the country's hydrocarbon law in a bid to attract foreign capital to its battered oil industry, but major US producers remain reluctant to commit billions of dollars amid uncertainties.

Chevron signals willingness to support Venezuela oil reform talks

Chevron’s representative in Venezuela said the US oil producer is ready to keep contributing its operational experience as the country moves forward with plans to overhaul its hydrocarbons framework

ExxonMobil installs monitoring system for Guyana subsea pipeline

Mexico’s Pemex increases fracking exploration investment 66%

Fitch assigns 'AA(mex)' rating to Pemex's proposed bond issuances

Mexico President declines to deny halting oil shipments to Cuba

Mexican President Claudia Sheinbaum refused to deny on 27 January 2026 that her government had suspended oil shipments to Cuba, describing export decisions as sovereign matters unrelated to pressure from Washington, Reuters and El País reported.

Oil becomes main driver of Guyana's economy, funding national budget

Guyana's Finance Minister Ashni Singh projected 16.2% GDP growth for 2026 as offshore crude production accelerates, with oil revenues set to fund nearly one-third of the national budget.

Indian firm beats Argentina's Techint in $200mn Vaca Muerta pipeline tender

India's Welspun Corp has secured a contract worth just over $200mn to supply pipes for Argentina's Vaca Muerta liquefied natural gas project, defeating local steel giant Tenaris.

Brazil's Petrobras cuts gas prices 7.8%, sees long-term potential in Venezuela exploitation

Brazil's state-owned oil company Petrobras has announced a 7.8% reduction in natural gas prices for distributors while a senior executive said the company sees exploration potential in Venezuela despite saying it is not the right time.

Venezuela's interim leader liberalises economy but critics warn of 'dictatorship without Maduro'

Venezuela's interim president Delcy Rodríguez is rapidly liberalising the economy while maintaining strict political control, prompting warnings from analysts and former US officials that Washington may be willing to accept authoritarian rule.

Cuba tourism slumps as sanctions and fuel risks weigh on economy

Trinidad and Tobago's Atlantic LNG to remove one liquefaction train later this year

Trinidad and Tobago’s Atlantic LNG facility will commence removing one liquefaction train from operations in the fourth quarter.

Ecuador raises fees on Colombian oil transit as trade dispute escalates

Ecuador has increased the tariff for transporting Colombian crude through its main state-owned pipeline from $3 to $30 per barrel, in a move linked to escalating trade and energy tensions with Bogotá