LatAmOil - Latin America Oil & Gas

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 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

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

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

Colombia's Ecopetrol cuts dividend as profit allocation shifts toward reserves

Ecopetrol’s shareholders approved a dividend of COP121 ($0.032) per share for 2025 earnings at a meeting on March 27, marking a sharp reduction from prior years as the state-controlled oil group redirects a larger share of profits to reserves

Pemex crude exports jump 76% m/m in February as oil price surge opens new revenue window

Oil surge hits Mexico harder than its Latin American peers, IIF warns

Mexican crude tops $100/b for first time since 2022 as Iran conflict rages

Uruguay raises fuel prices 7% as government cushions global oil surge

Uruguay will raise fuel prices by an average of 7% from April, the government said on March 27, opting to absorb part of a sharp rise in global crude costs rather than pass the full burden onto consumers.

Former Chevron executive targets Patagonia oil fields as foreign investment returns to Argentina

Energy investor Ali Moshiri, a former regional president of Chevron and an early backer of Argentina’s Vaca Muerta shale development, is returning to the country to acquire conventional oil assets in Patagonia.

Burford signals prolonged legal battle after Argentina wins YPF appeal case

Fitch assigns ‘BB-’ rating to Vista Argentina bonds on growth outlook

Fitch Ratings has assigned a ‘BB-’ rating to proposed senior unsecured notes by Vista Energy Argentina S.A.U., as the oil and gas producer seeks funding to support acquisitions and expand operations.

Guyanese crude production spikes in February

Guyanese crude production reached a record 918,000 barrels per day in February 2026, stemming from optimisation gains across ExxonMobil's offshore Stabroek Block operations.

US court rules in favour of Argentina in YPF case

A US federal appeals court has struck down a $16.1bn judgment against Argentina stemming from the 2012 expropriation of oil company YPF.