Region: Latin America Category: Oil & Gas Frequency: Every Tuesday
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Maduro's days look numbered. Venezuela's chaos may be just beginning
The drumbeat of war grows louder in the Caribbean as the US masses its largest military deployment since the Panama invasion. Trump wants Maduro gone — but fears Venezuela could become another Libya.
Argentina eliminates export duty on petroleum-derived oils and lubricants
Argentina's government has eliminated the 8% export duty on petroleum-derived oils and lubricants, aiming to boost foreign sales and strengthen business competitiveness in the industrial sector.
Vista Energy to inject $4.5bn into Argentine output amid midterm election optimism
Vista Energy has unveiled an ambitious $4.5bn investment plan for Argentina's Vaca Muerta formation over the next three years, targeting a 60% production increase to reach 180,000 barrels of oil equivalent per day by 2028.
Chevron to triple Argentine oil production, seeks tax reforms
Colombia's Ecopetrol targets 90% execution on $6.3bn investment programme
Colombia's state-owned energy producer Ecopetrol anticipates completing roughly 90% of its $6.3bn capital expenditure plan for 2025 and may drill as many as five additional exploratory wells beyond its initial target
Frontera Energy plans Colombian infrastructure separation to unlock value
Frontera Energy Corporation disclosed intentions to separate its Colombian infrastructure operations into an independent entity, establishing two distinct companies through a transaction anticipated to complete during the first half of 2026
Colombia prohibits oil and mining operations across entire Amazon region amid COP 30 negotiations
Colombia designated its complete Amazon territory as a protected zone prohibiting future oil, gas and large-scale mining activities, becoming the first Amazonian nation to implement such comprehensive restrictions
Colombia oil sector investment projected to contract in 2026
Private hydrocarbon investment in Colombia will decline again in 2026 as operators concentrate on existing contractual commitments whilst deferring exploration activities until after presidential elections in August
Venezuelan non-oil exports pick up as firms push into new markets
Venezuela’s non-traditional export sector delivered a stronger performance in the first half of 2025, with overseas sales rising 5.58% from a year earlier and generating more than US$1.1bn, according to the country’s exporters’ association
COP30: Record number of fossil fuel lobbyists descend on UN climate talks
UN climate talks have entered their second week with battle lines drawn over fossil fuels, as dozens of countries demanded a roadmap to phase out oil, coal and gas in the face of fierce resistance from producers and oil lobbyists.
Canada's Frontera Energy plans infrastructure spin-off in Colombia
Canadian energy company Frontera Energy announced plans to separate its Colombian infrastructure business through a spin-off transaction creating two independent entities: Frontera Exploration & Production and Frontera Infrastructure
Colombia's Ecopetrol profit falls 32% on lower oil prices, infrastructure disruptions
Colombia's state-owned Ecopetrol reported a 32% decline in net profit to COP7.5 trillion ($2.0bn) for the first nine months of 2025 compared with the same period last year
Colombia leads push for fossil fuel phase-out declaration at Brazil Climate Summit
Colombia is spearheading a political declaration at the United Nations Climate Change Conference (COP30) in Belém, Brazil, urging nations to transition away from fossil fuels in alignment with the Paris Agreement's 1.5°C global temperature limit
Chevron seeks tax relief; wants to triple Argentine production
Chevron has called on Argentina's government to implement tax reforms and relax capital controls as the energy giant seeks to triple its production in the country's Vaca Muerta shale formation over the next decade.
Pluspetrol to sell three hydrocarbon blocks in Argentina
Argentina's Pluspetrol has initiated the sale of three Vaca Muerta blocks acquired from ExxonMobil in 2024 for $1.7bn, seeking to concentrate capital on its highest-potential developments in the formation.
Trinidad’s Touchstone reports lower quarterly earnings as gas-weighted
Touchstone Exploration posted mixed third-quarter results, with higher production volumes offset by weaker realisations and reduced operating margins
China's CNOOC signals deeper push Into Trinidad’s energy sector
China National Offshore Oil Corporation is exploring a larger role in Trinidad and Tobago’s upstream industry after senior executives held talks with the government.
Venezuela posts highest quarterly oil output in five years
The country pumped an average of 1.095mn barrels per day (bpd) between July and September, a 17.3% rise from the same period in 2014, when volumes stood at 933,000 bpd
Brazil’s Petrobras awards PXGEO two OBN seismic contracts in Santos Basin
PXGEO has been awarded two contracts by a consortium led by Brazil’s state-owned oil company Petrobras to deliver seismic data acquisition and monitoring services in the Santos Basin offshore Brazil
Brazil's PPSA plans oil and gas auctions for 2026
Brazil's state-owned Pré-Sal Petróleo SA (PPSA) is preparing to hold auctions to sell oil and gas in 2026, with an oil auction scheduled for July and a gas tender planned for the first half of the year.
Brazil’s Petrobras weighs lower capex despite strong results, accelerated investment pace
Brazil's state-owned oil producer Petrobras is weighing a reduction in capital spending to $106bn for its next five-year plan, reflecting bearish expectations for crude prices.
Brazil’s Petrobras signs first small-scale LNG contract for Amazon gas supply
Petrobras and Amazônica Energy have signed the first contract for sale of natural gas from the Urucu Cluster for small-scale commercialisation of liquefied natural gas (LNG) in Amazonas state
Judge rejects Venezuela and Gold Reserve bid to halt Citgo-linked auction
A US federal judge has dismissed attempts by Venezuela and miner Gold Reserve to remove him, a court-appointed officer and two advisory firms from the court-run auction of PDV Holding, the parent company of Citgo Petroleum
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