LatAmOil - Latin America Oil & Gas

Report puts Mexico’s Pemex's environmental liability at $532bn

Latin America energy project pipeline tops $1.0 trillion, Brazil leads

Energy developers across Latin America and the Caribbean are advancing projects with a combined estimated capital expenditure of over $1 trillion, with Brazil accounting for nearly half of all developments in the pipeline.

Brazil has no timeline for fossil fuel phase-out roadmap, official says

Brazil has no set date to publish its roadmap for phasing out fossil fuels, a senior environment ministry official said, with the plan handed to the national energy policy council after ministries failed to meet a deadline earlier this year.

OPEC+ core adjusts output as UAE finalises institutional withdrawal

The UAE has formally withdrawn from the Organization of Arab Petroleum Exporting Countries (OAPEC), deepening its strategic pivot away from multilateral energy frameworks

Goldman Sachs raises Latin America inflation forecasts as oil shock filters through region

Goldman Sachs warns Latin America's inflation fight is far from over. As oil prices stay higher for longer, price pressures are spreading beyond fuel — and central banks are running out of room to look the other way.

Vaca Muerta could supply Southern Cone gas demand for 50 years, Brazil report says

Argentine court orders state to pay Tecpetrol over gas subsidy dispute

GeoPark advances drilling and expansion at Vaca Muerta block

GeoPark has begun drilling lateral sections at its Loma Jarillosa Este block in Argentina’s Vaca Muerta shale formation during the first quarter of 2026.

Colombia's Ecopetrol bonds rally faces political test ahead of vote

Ecopetrol’s bond rally is increasingly tied to Colombia’s presidential election outlook, with investors reassessing credit risk as the vote on May 31 approaches

China rebukes US criticism over Cuba ties, urges end to sanctions

Arrow Exploration profit drops as output rises and spending tightens in Colombia

Arrow Exploration reported lower annual profit despite higher production from its Colombian assets, as weaker earnings and reduced cash balances reflected operational investment through 2025, the company said

Argentina awards LNG pipeline contract to Italian-led group in $530mn bid

Argentina has selected a consortium led by Italy’s Sicim alongside local firm Víctor Contreras to build a key gas pipeline for its first liquefied natural gas project, after submitting the most competitive bid valued at $530mn

Argentina seeks up to $40bn in fresh inflows as RIGI pipeline expands

Argentina is targeting as much as $40bn in additional investment under its incentive regime for large-scale projects, with new proposals expected in the coming weeks, Economy Minister Luis Caputo said

Colombia, Venezuela agree to restore power link in renewed energy cooperation push

Colombia and Venezuela have signed an agreement to reactivate their cross-border electricity interconnection, marking a step forward in bilateral energy integration, Venezuela’s energy ministry said

ArtCap eyes Venezuela oil services as investor interest rebounds

The firm plans to direct capital toward local companies supporting major oil producers, focusing on equipment, maintenance and other expenditures aimed at restoring output after years of underinvestment

Venezuela oil recovery stalls as investment and sanctions relief remain key

Venezuela’s oil sector is beginning a slow reconstruction process with fewer than 30% of its wells active, highlighting the depth of the industry’s decline despite renewed efforts to revive output

US urges private investment as Venezuela oil revival faces funding hurdles

US chargé d’affaires in Caracas, John Barrett, called on Venezuela’s private sector to capitalise on what he described as a “historic opportunity” in the oil industry, as Washington steps up efforts to revive the country’s energy sector

Venezuela signs offshore gas deal with BP as energy opening accelerates

Interim President Delcy Rodríguez oversaw the agreement at Miraflores Palace alongside senior energy officials and BP executives, describing the deal as part of a broader strategy to expand gas output and strengthen the national economy

Blue Water targets Venezuelan oil expansion through Maha acquisition plan

The move would give the company a platform to expand in the country as it engages with investors that hold oil licences but lack the capital to develop them

Brazil well results boost Petro Victory outlook

Petro Victory Energy reported drilling results from the SJ-12 well in the São João field in the Barreirinhas Basin, confirming hydrocarbon zones and outlining plans for further testing.

Eni signs deal with Venezuela to relaunch Orinoco Belt oil output

Italian energy company Eni has signed an agreement with Venezuela's state oil company PDVSA to resume crude production at the Junín-5 heavy oil field in the Orinoco Belt, acting President Delcy Rodríguez said on April 28.

Colombia climate conference closes with push to end oil, gas and coal

War and climate crisis collide in Colombia, where over 50 nations are mapping a path away from oil, gas and coal — outside the UN process that has repeatedly failed to act.

Guyana among top targets as oil majors chase ultra-deepwater finds to plug 300bn barrel gap

Colombia's Ecopetrol tops renewable target with 951MW as cost savings mount

Colombia’s state-controlled oil company Ecopetrol expanded its renewable energy capacity to 951MW by the end of 2025, exceeding its 900MW target, as part of efforts to cut costs and emissions while supporting its core hydrocarbons business

Guyana oil output steady at 914,000 b/d as country eyes push past 1mn barrels