LatAmOil - Latin America Oil & Gas

Colombia's De La Espriella pushes two close friends for top Ecopetrol positions

Colombian President Abelardo de la Espriella is pushing his business partner and campaign chief, Joaquín Gutiérrez, to lead state oil company Ecopetrol, while placing his electoral strategist, Carlos Suárez

Brazil’s Petrobras oil find at mouth of Amazon could rival Guyana's light crude, sources say

Preliminary analysis of oil samples from Petrobras' Morpho well, at the mouth of the Amazon River, indicates crude with an API gravity of between 35 and 40, a quality that would place it among the lightest ever discovered in Brazil.

Brazil expects $4.4bn from 2027 pre-salt oil auction

Brazil's government expects to raise $4.4bn from an extraordinary pre-salt oil auction in 2027, revenue that will be crucial to delivering the country's first effective primary fiscal surplus in years.

Brazil advances on two fronts in oil and gas regulation

Brazilian authorities took two separate steps to expand the country's oil and gas sector this week, clearing new exploratory drilling off the Amazon coast while approving dozens of onshore blocks in the northeast for future licensing.

Raúl Castro makes public appearance in Cuba, quelling health rumours

Cuba says no talks with US under way, calls embargo 'genocidal'

Cuba adds generation capacity as grid deficit eases from previous day

Cuba expected to boost electricity generation capacity by late afternoon on September 6 with the reconnection of unit four at the Carlos Manuel de Céspedes thermoelectric plant in Cienfuegos, adding roughly 145 MW to the national grid

IEB Construcciones wins $15.4mn contract for Argentina LNG project

Argentine construction company IEB Construcciones has won a 23.336bn peso ($15.4mn) engineering, procurement and construction contract to develop an operations base and warehouse supporting Southern Energy's LNG export project at San Antonio Este.

Fitch affirms Tecpetrol at BB- as Vaca Muerta boosts production outlook

Fitch Ratings has affirmed Tecpetrol S.A.'s long-term foreign- and local-currency issuer default ratings at BB- with a stable outlook, citing growing production, reserves, exports and low-cost operations.

Argentina's Neuquén prepares new tenders to expand Vaca Muerta gas development

Argentina's Neuquén province is preparing a second 2026 tender round under its Exploratory Plan to attract investment in oil and gas areas in Vaca Muerta.

Brazil oil output hits record 4.5mn barrels per day

Brazil’s oil production reached a record 4.5mn barrels per day in July, up 0.5% from June and 13.6% from a year earlier, according to data released by the National Agency of Petroleum, Natural Gas and Biofuels (ANP).

Brazil tax tribunal cancels $650mn Petrobras claim

Brazil’s administrative tax appeals court, Carf, has overturned a BRL3.4bn ($650mn) tax assessment against Petrobras, removing a major fiscal contingency for the state-controlled oil company.

Argentina escalates Falklands dispute as Trump leaves UK support in doubt

Javier Milei has threatened sanctions on oil companies near the Falklands and promised new naval funding, hardening Argentina's claim days after Donald Trump declined to rule out shifting US policy on the islands.

Argentina's Neuquén province to build 1000 km of roads, remedying oil transport hurdle

Argentina’s Neuquén Province announced that it will formalize an infrastructure financing agreement with major oil companies operating in Vaca Muerta, pre-funding approximately 1,000 km of road construction before year-end.

Argentina to build 207km Vaca Muerta pipeline, oil companies will finance 1000 km in roads

Río Negro Governor Alberto Weretilneck signed an agreement with Oleoductos del Valle SA for the 207km Duplicar Norte pipeline, significantly boosting Argentina’s oil transportation capacity.

BP sells stakes in Brazil, US Gulf of Mexico exploration blocks to Shell

BP has agreed to sell part of its ownership in an offshore exploration block in Brazil and five leases in the US Gulf to Shell.

Chevron’s long Venezuela bet finally pays off with $7bn oil deal

Chevron’s two-decade decision to remain in Venezuela while rivals exited is now yielding a potentially major payoff, with a new agreement giving the US oil giant access to billions of barrels and extending its operations into the 2040s

Machado demands transparency from US-Venezuela oil agreement

Opposition leader María Corina Machado criticised the recently announced US-Venezuela oil agreement, saying the lack of information surrounding the deal has fuelled concern over its consequences for the country

GeoPark enters Venezuela as Colombia's Gilinski takes control

GeoPark is entering Venezuela through the Bare heavy-oil block in the Orinoco Belt under a 25-year production participation contract with PDVSA Petróleo, while Grupo Gilinski is set to become the Colombian oil producer’s controlling shareholder

Venezuela signs oil, power deals with Chevron, Eni and GE Vernova

Venezuela signed a series of energy agreements with international companies as interim President Delcy Rodríguez hosted US Energy Secretary Chris Wright at the Miraflores Palace in Caracas

Venezuela military backs US oil deal as lawmakers endorse agreement

Venezuela’s military leadership endorsed a sweeping oil agreement with the United States, with Defence Minister Gustavo González López portraying the pact as a step towards economic cooperation and stability rather than a concession to Washington

Venezuela oil output seen surpassing 2mn bpd by 2030

Venezuela could more than double its oil production before the end of the decade as new investment flows into the country’s energy sector, US Energy Secretary Chris Wright said during a visit to Caracas

Rubio says Venezuela oil pact can help pave way for democratic vote

The US-backed overhaul of Venezuela’s oil industry is intended to do more than raise crude production, according to Secretary of State Marco Rubio

Trump’s Venezuela oil plan faces hurdle in refilling US strategic reserve

President Donald Trump says Venezuelan crude from a newly announced oil agreement will help replenish the US Strategic Petroleum Reserve, with the process of “topping out” expected to begin soon

Venezuela oil exports hold at 1.17mn bpd in August

The US remained Venezuela’s biggest market, but flows fell to about 553,000 bpd from a record 786,000 in July. India’s purchases climbed 66% month-on-month to roughly 297,000 bpd, while shipments to Europe nearly tripled to about 260,000 bpd