LatAmOil - Latin America Oil & Gas

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Oil & Gas

Region: Latin America   Category: Oil & Gas Frequency: Every Tuesday

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LatAmOil provides oil and gas Insight and Foresight from Mexico and Central America to the Caribbean and South America. From the heavyweight producers such as Brazil to emerging frontiers like Guyana, LatAmOil informs you of what is going on and why through commentary, exclsuive interviews, news and analysis. In such a notoriously challenging environment, in-depth and accurate information makes every difference in vital decision making and strategy – LatAmOil brings this directly to your inbox every week.

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Colombia's Petro pitches Ecopetrol role in Venezuela recovery during Trump talks

5 February 2026

Colombian President Gustavo Petro said he proposed a role for state-owned oil producer Ecopetrol in Venezuela’s economic recovery during recent talks with US President Donald Trump at the White House

Shell sells 20% stake in Brazil's Orca deepwater gas project to Kuwait Petroleum

4 February 2026

Shell agreed to sell a 20% stake in Brazil's Orca deepwater gas project to Kuwait Foreign Petroleum Exploration Company (KUFPEC) for an undisclosed sum.

Guyanese crude output projected to rise 17.9% in 2026

4 February 2026

Guyana's crude production is projected to surge 17.9% to average 840,000 barrels per day in 2026 as the country accelerates offshore development and expands its customer base beyond traditional Western markets.

Brazil oil output hits new peak

4 February 2026

Brazil’s oil and gas production rose to 4.89mn barrels of oil equivalent per day in 2025, up 13.3% from a year earlier and the highest level on record, according to data from the National Agency of Petroleum, Natural Gas and Biofuels.

Guyana strengthens trade ties with US and Europe through crude oil exports

4 February 2026

Guyana has strengthened its trade ties with the United States, Panama, and several European countries through its crude oil exports.

Guyana may be heading towards ‘resource curse’

4 February 2026

Guyana’s transformation into a major oil producer has been so rapid that it has outpaced the country’s ability to absorb and distribute the wealth it is generating.

Regional gas cooperation advancing in Caribbean

3 February 2026

Shell along with Trinidad and Tobago's state gas company are continuing to plan for a Venezuelan offshore project that officials say could begin flowing gas by late 2027.

GeoPark to buy rival Frontera’s Colombia assets, extend Vitol offtake

3 February 2026

Bogotá-based GeoPark Ltd has agreed to acquire rival Frontera Energy Corp’s oil and gas exploration and production assets in Colombia for up to $400mn.

Venezuela, India pledge broader ties as oil sector opens to foreign buyers

3 February 2026

Venezuela and India agreed to deepen their bilateral relationship across multiple sectors following a call between interim president Delcy Rodríguez and Indian Prime Minister Narendra Modi

Exxon sees reform as prerequisite for any Venezuela return, CEO says

3 February 2026

Exxon Mobil Corp remains reluctant to re-enter Venezuela despite the country’s vast crude reserves, pointing to years of nationalisations, policy instability and economic deterioration

Chevron beats estimates as Venezuela bets offset fourth-quarter profit drop

3 February 2026

Chevron Corp posted a decline in fourth-quarter earnings but exceeded analyst expectations as cost controls and efficiency gains helped cushion the impact of softer oil prices heading into 2025

Equinor to divest Vaca Muerta onshore assets in $1.1bn deal

3 February 2026

Equinor has agreed to sell its onshore assets in Argentina’s Vaca Muerta shale basin to Vista Energy, as the Norwegian group sharpens its international portfolio and shifts its focus in the country towards offshore exploration.

Archer agrees to sell southern Argentina workover business, refocus on Vaca Muerta

3 February 2026

Archer has entered into an agreement to sell its workover business in southern Argentina to a local buyer, a move that would see the company concentrate its operations on the unconventional Vaca Muerta shale.

Over 10 bidders line up for Argentina’s Neuquén–Río Negro LNG pipeline project

3 February 2026

More than 10 companies are competing to build a gas pipeline linking Argentina’s Neuquén basin with the San Matías Gulf, a key piece of infrastructure for the country’s first liquefied natural gas export project.

First crude shipment in new pipeline from Argentina’s Neuquén Basin

3 February 2026

Trafigura has completed its first crude oil export using Argentina’s newly commissioned Derivación pipeline, shipping a cargo from the Neuquén Basin to the United States and marking a milestone for the country’s oil export logistics.

India pivots to Venezuelan oil - Trump claims

3 February 2026

Several times in recent months Indian officials have said there would be no succumbing to US sanctions on India’s preferred oil suppliers as all decisions would be made based upon India’s energy interests.

COMMENT: Trump’s Indian trade deal unlikely to cut Asia off from Russian oil

3 February 2026

US President Donald Trump announced on social media that he was slashing tariffs on India from 50% to 18%, after cutting a new trade agreement that will see New Delhi reduce its imports of Russian crude oil dramatically.

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