LatAmOil - Latin America Oil & Gas

Argentina holds fuel taxes steady despite oil price surge

Argentina’s government has ruled out cutting fuel taxes despite a roughly 15% increase in petrol and diesel prices in March, prioritising fiscal surplus targets while considering delaying planned tax hikes, according to officials.

Chile adjusts fuel price mechanism as global oil surge drives sharp increases

Chile is facing a steep rise in fuel prices as the government of President José Antonio Kast moves to recalibrate its stabilisation framework amid mounting global energy pressures.

Venezuela’s central bank releases balance of payments after years of silence

Argentina to propose easing foreign ownership limits on rural land to attract investment

Guyana on track to largest oil-producing vessel in its history

ExxonMobil Guyana has submitted a proposal to increase production at its Yellowtail offshore development, establishing the project as Guyana's largest producing asset to date.

Colombia’s gas import dependence deepens as supply gaps loom

Colombia is set to deepen its reliance on imported natural gas as declining domestic output and delayed upstream projects tighten supply

Colombia's Ecopetrol board backs embattled chief executive as union threatens national strike

Ecopetrol's board of directors resolved on March 24 to retain president Ricardo Roa Barragán despite mounting pressure from the oil workers' union, minority shareholders and opposition legislators, the company disclosed in an official statement

Guyana names new oil vessel ‘Essequibo 1899’ as output surge accelerates

Guyana’s President Mohamed Irfaan Ali said in a statement that the country’s next floating production vessel will be named Essequibo 1899

US quietly ships 30,000 barrels to Cuba's private sector as state blockade holds

The United States has exported roughly 30,000 barrels of fuel to Cuba's private sector since early February, Reuters revealed, disclosing for the first time a carve-out that allows private Cuban firms to receive US supplies amid an oil blockade.

ExxonMobil eyes $2bn gas pipeline to Guyana's Berbice region

Venezuela oil exports reached $18.2bn in 2025

Venezuela’s oil export revenues showed only marginal growth in 2025 despite a sharp rebound late in the year, underscoring continued volatility in the country’s external accounts

Chevron sees rising output in Venezuela but flags legal uncertainty

Speaking at the CERAWeek conference in Houston, Wirth said recent reforms mark progress but fall short of providing the predictability needed to unlock broader capital flows

Borr Drilling's Mexican JV to absorb five Paratus jack-ups in $262mn deal

Spanish probe links alleged Venezuelan oil deal to political financing claims

Spain’s National Court is examining claims that former transport minister José Luis Ábalos discussed a proposed sale of Venezuelan crude at Madrid’s Barajas Airport, according to testimony submitted by businessman Víctor de Aldama

PDVSA rejects Spanish media claims over alleged oil dealings

In a statement, the company said it “categorically and absolutely denies” the report, describing the accusations as lacking any basis in fact

Eni reports $3.3bn in unpaid PDVSA debt amid easing sanctions

The outstanding balance is linked to gas production at the Perla offshore field, a joint venture with Spain’s Repsol and the only active offshore gas project in Venezuela

Venezuela's two most powerful women pitch competing visions to investors

Venezuela's acting president Delcy Rodríguez is due to address an international investment summit in Miami on March 25, a day after opposition leader María Corina Machado made her own appeal to the energy industry at a separate Houston conference.

Equinor doubles down on Brazil gas

Equinor has started drilling production and injection wells for its Raia offshore gas project in Brazil’s Campos Basin, with output scheduled to begin in 2028.

Chile gas system insulated from global shocks by LNG contracts and regional supply mix

Chile’s natural gas market is showing resilience to global energy volatility, supported by long-term pricing structures and diversified import channels that are cushioning the impact of geopolitical tensions abroad.

Losers and winners from the Qatari LNG disruption

While European and Asian importers have been hit hard by the disruption in Qatari LNG to varying degrees, the crisis has both short- and long-term benefits for US exporters and other LNG competitors.

Chevron bets on Milei's reform drive to unlock Argentina's shale potential

Chevron Chief Executive Mike Wirth said Argentina is becoming more attractive for energy investment due to recent economic reforms, while highlighting the growing strategic importance of the Vaca Muerta shale formation.

Spanish NGO Open Arms plans solar-powered Cuba mission to keep Children's Hospital lit

Spanish humanitarian organisation Open Arms announced a new aid mission to Cuba, unveiling plans to sail photovoltaic equipment to a children's hospital in Havana as the island endures successive nationwide blackouts under a US fuel blockade

Russia reaffirms support for Cuba amid US threats

Aid flotilla docks in Havana as US oil blockade deepens Cuba's energy crisis

The lead vessel of an international humanitarian flotilla docked in Havana on March 24, delivering food, medicine, solar panels and bicycles to an island buckling under a US fuel blockade that has left millions without reliable electricity

Colombia's Ecopetrol restores Cartagena refinery power after nine-day outage, probe under way

Colombia's state energy company Ecopetrol said that its Cartagena refinery, known as Reficar, had returned to full operation after a power failure that shut down all processing units for more than a week, the company stated in an official statement