LatAmOil - Latin America Oil & Gas

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.

Phoenix to invest $6bn in Argentina shale under Milei incentive scheme

Oil producer Phoenix Global Resources, backed by Switzerland-based Mercuria Energy Group, plans to invest about $6bn in Argentina’s Vaca Muerta shale formation and will apply to the government’s large investment incentive programme.

Colombia-Venezuela trade seen reaching $1.6bn as recovery broadens

US allows Russian oil cargo to Cuba on ‘humanitarian’ grounds, not policy shift

United States officials said on March 30 that Washington’s decision to permit a Russian oil tanker to reach Cuba was a one-off humanitarian measure rather than a change in sanctions policy

Cubans welcome Russian oil tanker but say supplies fall short

Cuba is preparing to receive a 730,000-barrel Russian crude shipment at its Matanzas port by March 31, offering limited relief to an energy crisis marked by recurring blackouts and fuel shortages.

Colombia to host global talks on fossil fuel phase-out with key producers

Colombia will host a global meeting in Santa Marta from April 24 to April 29 bringing together 45 countries, including major fossil fuel producers, to advance discussions on phasing out oil, gas and coal, Environment Minister Irene Torres said.

Colombia to host 45-nation summit aimed at advancing fossil fuel phase-out

Colombia will host a global summit in Santa Marta from April 24 to 29 bringing together 45 countries to push forward efforts to phase out fossil fuels and accelerate the energy transition, President Gustavo Petro confirmed

Brazil cushioned as oil shock hits

Brazil is limiting the impact of oil market volatility linked to tensions involving Iran, the United States and Israel, supported by a fuel system that allows drivers to switch between ethanol and petrol.

Brazil taps Fugro for wind study

Brazil’s Petrobras has awarded a contract to Fugro to carry out geotechnical investigations for a planned offshore wind pilot project.

Brazil moves to ease airline fuel shock

The Brazilian government has introduced measures to limit the impact of higher aviation kerosene prices on airlines, including an emergency credit line funded by the National Civil Aviation Fund, as oil prices rise amid tensions in the Middle East.

ExxonMobil targets Haimara as anchor for Guyana's ninth offshore project

Colombia oil output steady above baseline despite reserve concerns, ANH says

Colombia’s crude production has remained stable and above technical benchmarks in early 2026, the Agencia Nacional de Hidrocarburos (ANH) said on March 30, even as concerns persist over declining reserves and the strategic direction of Ecopetrol

Colombia's Ecopetrol folds solar unit into core structure to deepen renewables push

Colombia’s Ecopetrol said on March 30 that shareholders approved the absorption of its subsidiary Parque Solar Portón del Sol, consolidating renewable assets as part of its energy transition strategy

Colombia sets rules for clean energy auctions to draw investment

Colombia has established a regulatory framework for long-term clean energy auctions aimed at attracting investment and stabilising electricity prices, the Ministry of Mines and Energy said

Guyana's Stabroek output hits record 918,000 b/d in February as million-barrel threshold nears