Region: Latin America Category: Oil & Gas Frequency: Every Tuesday
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Canada's NG Energy boosts Colombia gas output after Maria Conchita well starts production
NG Energy International increased natural gas production in Colombia after bringing its Aruchara-5 development well online at the Maria Conchita block, lifting combined company output to about 23.2 MMcf/d net
Colombia’s gas output slides as import dependence deepens ahead of El Niño
Colombia’s natural gas production fell 14.2% year-on-year in April to 694mn cubic feet per day (mmcfd) (19.65mn cubic metres per day), increasing the country’s reliance on imported fuel just as forecasts point to the arrival of El Niño
Colombia's Ecopetrol activates contingency plan as union calls 24-hour strike
Ecopetrol activated a nationwide contingency plan on June 2 after the Unión Sindical Obrera (USO), the main union representing workers at Colombia’s state-controlled energy company, called a 24-hour strike
Canada's Gran Tierra expands Colombia footprint with Tisquirama stake deal
Gran Tierra Energy has completed the remaining requirements under an agreement with Ecopetrol that will allow it to earn a 49% working interest in the Tisquirama block in Colombia’s Middle Magdalena Valley Basin
Colombia LPG consumption rises as industrial demand drives growth
Colombia's liquefied petroleum gas (LPG) consumption increased 7.6% in 2025, supported by stronger demand from industrial and commercial users, while the fuel continued expanding its role in energy access across the country
Canada's Parex becomes Colombia’s largest independent producer after Frontera asset deal
Parex Resources has completed the acquisition of Frontera Energy’s Colombian exploration and production business in a transaction valued at up to $750mn, including assumed debt, strengthening its position
Greenpeace files complaints against Pemex over Gulf of Mexico oil spill and alleged cover-up
Greenpeace México has filed two formal complaints against Pemex over the Gulf of Mexico oil spill that contaminated more than 1,100 km of coastline across Tabasco, Veracruz and Tamaulipas, accusing the state oil company of environmental damage.
Offshore works begin in Argentina's Río Negro for Vaca Muerta oil export project
Offshore construction has begun off the coast of Sierra Grande in Argentina’s Río Negro province as part of the Vaca Muerta Oil Sur project marking a key step towards enabling crude exports.
Argentina’s YPF secures five new Neuquén concessions to support LNG development
Argentina’s Neuquén province has granted five new unconventional hydrocarbon concessions to state-controlled energy company YPF, a move aimed at advancing the country’s liquefied natural gas (LNG) ambitions and expanding shale and gas dvlpmt.
Argentina eyes energy boom to ease 2027 election concerns
Argentina’s government believes growing oil and gas exports from the Vaca Muerta shale formation could help shield the economy from political uncertainty ahead of the 2027 presidential election.
Continental Resources seeks Río Negro shale block in Vaca Muerta
Continental Resources, the US oil company founded by businessman Harold Hamm, has submitted a private initiative to the government of Río Negro province seeking access to a Vaca Muerta block covering 506 square kilometres.
YPF shares hit record high as market value approaches $22bn
Shares of Argentine energy company YPF have climbed above $55 per share, pushing the firm's market capitalisation close to $22bn and marking the highest nominal valuation in its history, driven by strong production growth.
Rodríguez unveils AI-powered hub to support Venezuela’s oil industry
Venezuela is seeking to deepen the technological transformation of its energy sector with the launch of a new data and technology centre designed to support oil and gas operations through the use of artificial intelligence
Chevron seeks clearer tax terms before expanding investment in Venezuela
Chevron Corp. is holding back on committing additional capital to Venezuela's oil industry until the government provides greater certainty over the fiscal conditions that will govern future projects
Ecuador expects Esmeraldas refinery to reach 90% capacity from June
Ecuador's government expects the Esmeraldas refinery, the country's largest refining complex, to operate at 90% of capacity from June 1 as key processing units return to service following a fire earlier this year
Venezuela extends run as No. 2 oil supplier to US
The four-week average of Venezuelan exports to the United States rose to 529,000 bpd, the highest reading recorded since January 2019
Cuba's water crisis deepens as fuel shortages disrupt supplies
Nearly 3mn Cubans are facing daily disruptions to water services as severe fuel shortages hamper pumping and maintenance operations across the island
Venezuela ships 1.2mn bpd in May as overseas demand supports export growth
Venezuela increased overseas crude and fuel sales in May, with exports averaging 1.2mn barrels per day (bpd), reflecting stronger demand from buyers in the United States, India and Europe
Brazil’s Petrobras bets big on Sergipe gas
Petrobras plans to invest about BRL60bn in the Sergipe Deepwater Project, aiming to raise the north-east region’s share of Brazil’s natural gas supply to 31% by 2035 from 16% currently, company president Magda Chambriard said.
Colombia's Promigas expands into solar power with $456.4mn Zelestra deal
Promigas has completed the acquisition of 100% of renewable energy platform Zelestra Latam for $456.4mn, expanding into utility-scale solar generation across Colombia, Peru and Chile as the Colombian energy company seeks to strengthen its position
Grenergy locks in 12-year hybrid PPA for Chile's Atacama solar-storage expansion
Spanish renewable energy developer Grenergy has signed a long-term hybrid power purchase agreement (PPA) in Chile linked to the fifth phase of its flagship Oasis de Atacama platform.
Fitch affirms Gran Tierra Energy at 'B+' with stable outlook
Fitch affirms Gran Tierra Energy's 'B+' rating with stable outlook, citing improved geographic diversification and expected deleveraging, as the Colombia-focused oil producer targets flat output of 45,000 boe/d through 2029.
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