LatAmOil - Latin America Oil & Gas

Venezuela seeks stronger trade ties with India ahead of possible Rodríguez visit

US Secretary of State Marco Rubio said there are “opportunities with Venezuelan oil” in the Asian nation and described India as “a great ally and a great partner”

Colombia's GeoPark eyes Venezuela as Gilinski Group backing fuels regional expansion

The Bogotá-based producer has intensified its regional ambitions after Colombia’s Gilinski Group acquired roughly 24% of the company

Trump says Venezuelan oil windfall has offset cost of Iran conflict

President Donald Trump said revenue generated from oil seized during the US operation in Venezuela had more than compensated for the cost of the war in Iran

Venezuela emerges as key oil supplier to India amid gulf disruptions

Nearly half of India’s crude imports usually pass through the Strait of Hormuz, but the route has become inaccessible as the conflict escalate

Latin America oil output jumps 11% in January, gas surges 27%, report says

Oil production across Latin America and the Caribbean rose 11% year-on-year in January to 361mn barrels, with natural gas output climbing 27% to 28bn cubic metres, the Latin American and Caribbean Energy Organisation (OLACDE) said.

Brazil draws Ecopetrol into Brava deal

Colombia’s Ecopetrol said in a press release its Brazilian subsidiary has launched a voluntary tender offer on B3 to acquire 116.1mn shares in Brava Energia at BRL23 per share, representing about 25% of the company’s outstanding stock.

Brazil’s Raízen races for debt deal

Raízen is preparing another round of talks with creditors ahead of a mid-June deadline to submit its out-of-court restructuring proposal, as the company still lacks support from international bondholders.

Neuquén oil output hits record high in April on Vaca Muerta growth

Argentina’s Neuquén province produced a record 628,924 barrels of oil per day in April 2026, driven by continued expansion in the Vaca Muerta shale formation, provincial energy authorities said.

Chinese tanker loads Vaca Muerta crude for US export at Argentina's Puerto Rosales

A Chinese-flagged oil tanker is loading around 80,000 tonnes of crude from Argentina’s Vaca Muerta shale formation at Puerto Rosales for export to the United States, highlighting the growing international reach of the country’s energy sector.

Oil boost lifts Brazil tax revenue to record April

Guyana expresses confidence ICJ ruling will end long-running border dispute with Venezuela

ExxonMobil advances standalone gas expansion in Guyana’s Stabroek block

IEA chief warns of oil markets entering "red zone" by July-August

Global oil markets could enter the “red zone” by July-August if additional Middle Eastern export supplies fail to materialise and inventories continue falling during the peak summer demand season.

BP and Glencore win Mexico fuel import permits as government reopens market

Colombia fast-tracks grid access rules to unlock delayed energy projects

Colombia introduced new rules to accelerate grid access for electricity generation projects with environmental permits or energy supply obligations already secured

Archer extends Vaca Muerta drilling contracts through 2028

Norwegian oilfield contractor Archer has secured extensions to an existing drilling contract in Argentina’s Vaca Muerta shale formation, adding an estimated $130mn to its contract backlog and extending operations through October 2028.

Argentina's YPF targets dividends from 2028 amid $25bn Vaca Muerta expansion

YPF President Horacio Marín said the Argentine state-controlled energy company aims to begin paying dividends to shareholders from 2028, while advancing a $25bn investment plan tied to the development of the Vaca Muerta shale formation.

Argentina posts record energy trade surplus on oil boom, Neuquén also hits record output

Argentina recorded a record energy trade surplus of $1.248 bn in April, driven by a sharp rise in oil exports and a steep decline in energy imports, according to official data released by the National Institute of Statistics and Census.

Brazil backs biofuel push

Acelen Renewables, backed by Mubadala Capital, said in a press release it will invest $1.5bn to start construction of a renewable fuels biorefinery in Bahia, supported by financing arranged by HSBC and the International Finance Corporation.

Exxon nears Venezuela return in major shift after Chávez-era exit

Exxon Mobil is in talks to re-enter Venezuela nearly two decades after abandoning the country following the nationalisations carried out under former President Hugo Chávez

Venezuela debt restructuring faces long timeline despite oil sector hopes

Venezuela’s effort to restructure its sovereign debt and liabilities tied to state oil company PDVSA is expected to take years, though analysts say progress toward an agreement could still improve confidence in the country’s oil industry

Venezuelan crude imports to US reach highest since 2018

US crude imports from Venezuela climbed to their highest level since 2018 in the week ending May 15, highlighting a sharp shift in oil trade flows as Washington eases restrictions on Caracas and disruptions hit Middle Eastern supply routes

Venezuela faces billions in claims from Chávez-era expropriations

Venezuela’s sweeping nationalisation campaign under Hugo Chávez and later Nicolás Maduro left the country burdened with liabilities exceeding $30bn by 2021

Venezuela debt rally loses steam as investors brace for lengthy restructuring

The announcement by interim President Delcy Rodriguez’s administration initially sparked optimism

ConocoPhillips warns Venezuela terms remain unattractive for oil investment

Venezuela’s attempts to reopen its oil industry to foreign companies remain insufficient to secure large-scale investment, according to ConocoPhillips Chief Executive Officer Ryan Lance