Region: Latin America Category: Oil & Gas Frequency: Every Tuesday
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Arrow Exploration adds two wells at Colombia’s Tapir Block, boosting output
Arrow Exploration has brought two additional wells online at its Mateguafa field in Colombia’s Llanos Basin as part of its development programme on the Tapir Block, the company said in a statement.
Colombia recognises Canadian insolvency orders in Canacol
Colombia’s corporate regulator has recognised court orders issued in Canada as part of the insolvency proceedings involving Canacol Energy and its subsidiaries, enabling coordination between the two jurisdictions during the company’s insolvency
Cuba suffers nationwide blackout after Antonio Guiteras plant failure leaves millions without power
Cuba's national electrical grid collapsed on March 4 at 12:41pm after a boiler pipe burst at the Antonio Guiteras thermoelectric plant — the country's largest — knocking out power from Camagüey to Pinar del Río for an estimated 72 hours
Shell agreements signal new phase in Venezuela–US energy cooperation
Interim President Delcy Rodríguez said the deals form part of efforts to implement Venezuela’s recently approved hydrocarbons law through “new business models”
Venezuela economy expands 8.66% in 2025 as oil sector drives recovery
According to the central bank, Venezuela has now registered 19 consecutive quarters of economic growth after a decade in which the economy contracted by nearly 80%
Venezuela crude exports from Jose terminal set to hit multi-year high
Venezuelan crude exports are expected to rise sharply in March, with shipments from the Jose terminal projected to reach about 848,000 barrels a day
Venezuela signs new oil supply deals with US as export flows shift
According to PDVSA, the deals are intended to preserve the longstanding commercial relationship between Venezuela and the United States and reiterated its call for the removal of sanctions affecting the country’s oil industry
US Justice Department backs Argentina ahead of key hearing in YPF expropriation case
The US Department of Justice has requested permission to intervene in support of Argentina ahead of a court hearing scheduled for April 16 in New York in the long-running litigation over the expropriation of oil company YPF.
Venezuela oil resurgence adds pressure on Ecuador’s declining crude sector
Ecuador’s struggling oil industry faces renewed pressure as rising heavy crude output from Venezuela threatens to erode demand for the Andean nation’s key export grade, compounding structural problems that have pushed production steadily lower.
Bolivia’s YPFB sacks 410 staff as fuel quality crisis prompts military oversight
Bolivia’s state-owned energy company Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) has dismissed 410 employees as part of an internal restructuring effort amid a widening fuel quality crisis.
Despite losses, YPF continues to pivot towards shale
Venezuela’s exports surge as US Gulf Coast refineries process record volumes
Super tankers have also started to dock at the Latin American country’s main terminal.
Mexico launches development of $10.4bn Trion deepwater oilfield a decade after award
Mexico has formally launched development of the Trion ultra-deepwater oilfield, marking the country's first project at such depths and one of the largest single investments in the country's history.
Brazil’s Petrobras set for bumper 2025 profit as board nominations revealed
Petrobras is expected to report a sharp recovery in annual profit while the government and minority shareholders have put forward their candidates for the company's upcoming board election.
Brazil lawmakers urge biodiesel blend increase to 16% amid Iran war instability
Three Brazilian parliamentary groups have issued a manifesto calling for an increase in the mandatory biodiesel blend in diesel fuel to 16% (B16) to cut fuel imports and reduce the country's currency exposure amid global instability.
Shell eyes control of Raizen as $765mn rescue deal takes shape
Troubled Brazilian sugar and ethanol producer Raizen said this week it is evaluating a Shell-led capital injection of BRL4.0bn ($765mn) to address a deepening debt crisis, while leaving open the possibility of an out-of-court restructuring.
Colombia's Ecopetrol 2025 net profit falls 39.5% to $2.2bn
Colombia's state-controlled oil producer Ecopetrol reported full-year 2025 net income of $2.2bn (COP9 trillion) — down 39.5% from 2024's $3.6bn (COP14.9 trillion) — as lower Brent crude prices and unfavourable exchange rate movements
Norway's oil fund drops Colombia's Ecopetrol over alleged Awá human rights violations
Norway's Government Pension Fund Global (GPFG), the world's largest sovereign wealth fund with roughly $1.9 trillion in assets under management, divested its stake in Ecopetrol on February 26, with the exclusion taking effect on March 2
Colombia's Ecopetrol selects 13 buyers for imported gas via Cartagena terminal from 2026
Colombia’s state oil company Ecopetrol has chosen 13 companies to purchase natural gas it plans to import through a terminal in Cartagena from late 2026, after receiving expressions of interest from 44 firms during a commercial process
Brazil’s Petrobras backs tech drive at Mero
Brazil’s Petrobras and its partners in the Libra Consortium plan to invest about BRL151mn ($28.87mn) in the Libra Rocks project to advance geological modelling and technologies for the Mero field in the pre-salt Santos Basin.
Argentina's YPF, Vista Energy and Pampa Energía may participiate in RIGI for shale wells
Argentina has expanded President Javier Milei’s flagship investment incentive programme to include shale oil wells in the Vaca Muerta formation.
SEFE seals eight-year Argentina LNG supply deal with Southern Energy
Germany’s Securing Energy for Europe (SEFE) has finalised an eight-year liquefied natural gas (LNG) sales and purchase agreement with Argentina’s Southern Energy (SESA).
Shell sees Brazil gain from Middle East tensions
Shell sees rising tensions involving the United States, Israel and Iran as an opening for Brazil to draw capital into its oil sector, its country head said, citing the nation’s stability and production record.
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