Region: Latin America Category: Oil & Gas Frequency: Every Tuesday
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Cuban students stage rare protest over power, internet disruptions
More than 20 students staged a rare protest at the University of Havana on March 9 over repeated class disruptions linked to electricity outages and internet failures, highlighting growing strain on the island’s higher-education system
Shell and Venezuela sign deal to develop PDVSA’s Punta de Mata division
The agreements were signed during a ceremony led by interim president Delcy Rodríguez and representatives of Shell, coinciding with a two-day visit to Caracas by US Secretary of the Interior Doug Burgum
Brazil’s Petrobras speeds up Búzios output
Petrobras plans to bring forward the production ramp-up of two offshore platforms operating in the Búzios field, as the company seeks to increase output from its pre-salt assets.
Viridien launches multi-client seismic survey off Uruguay
French geoscience company Viridien has launched a multi-client 3D seismic survey offshore Uruguay, expanding the country's offshore data coverage as exploration activity in the region gathers pace.
Argentina's YPF plans $6bn investment in 2026 as shale strategy targets export growth
Argentina’s state-controlled energy company YPF plans to invest about $6bn in 2026 to expand shale production and energy infrastructure, Chief Executive Horacio Marín said.
Brazil's Petrobras floats extra dividend on Mideast risk, but sees no immediate payout
Petrobras could distribute extraordinary dividends this year if surging crude prices driven by Middle East conflict provide a sustained boost to cash flow.
Oil price spike at over $100 per barrel as market faces possibly worst crisis in history
Brent was trading at over $108 per barrel as of 06:30 GMT today, up from the early $70s prior to the US and Israel launch of strikes against Iran on February 28.
Brazil gas plan may drive investments
Brazil’s Gás do Povo programme could trigger about $2bn in investment in liquefied petroleum gas logistics across the country, according to Sérgio Bandeira de Mello, head of Sindigás.
Brazil’s Petrobras profit jumps to triple its income a year earlier
Petrobras reported net income of BRL110.1bn ($19.6bn) for 2025, tripling from BRL36.6bn a year earlier, as higher oil and gas output offset a decline in global crude prices.
Ecuador's Petroecuador targets higher crude output in 2026 as investment plan advances
Ecuador’s state oil firm Petroecuador aims to raise average crude production to about 369,760 barrels per day (bpd) in 2026, up from roughly 358,080 bpd recorded, as the company deploys additional drilling and well-rehabilitation equipment
Ecuador declares emergency at Esmeraldas oil refinery after fire halts operations
Ecuador declared an emergency at its largest oil refining facility after a fire forced a full shutdown of operations at the Esmeraldas refinery, state-owned Petroecuador said on March 5
Cuba works to restore power after major blackout hits western grid
Large areas of western Cuba remained without electricity on March 5 after a widespread blackout disrupted power supplies across the island’s capital and surrounding regions, with authorities warning that full restoration could take several days
Colombia's Ecopetrol signals potential output increase as oil rally offsets profit drop
Ecopetrol may consider increasing investment and short-term oil output if elevated crude prices persist amid tensions in the Middle East, chief executive Ricardo Roa said, as the Colombian state-controlled producer reported weaker annual earnings
Petro, Rodríguez to meet in Cúcuta as Colombia–Venezuela trade rebounds
Colombian President Gustavo Petro will meet Venezuelan Vice-President Delcy Rodríguez on March 13 in the border city of Cúcuta to discuss energy cooperation and other issues.
US removes sanctions on Arctic Voyager and Kiara M tanker
The shipping company, incorporated in the Marshall Islands on November 8, 2024, had previously been sanctioned for engaging in Venezuela’s oil sector, in breach of restrictions imposed during Donald Trump’s presidency
Venezuela’s economy expands 8.66% in 2025 driven by oil and non-oil sectors
Oil production led growth in the fourth quarter with a 13.41% increase, while non-oil sectors expanded by 5.30%
Argentina's Pampa Energía reports 32% rise in oil and gas output as Vaca Muerta drives growth
Pampa Energía, Argentina's largest independent energy company, said its oil and gas production increased 32% in 2025, supported by expanding operations in the shale formation Vaca Muerta.
Argentina signs record LNG export deal with Germany’s SEFE
Argentina has signed the largest liquefied natural gas (LNG) export contract in its history, with energy consortium Southern Energy agreeing to supply 2 million tonnes of LNG per year to Germany’s SEFE Securing Energy for Europe.
Argentina hits record oil output as Vaca Muerta drives growth amid global price surge
Argentina recorded its highest monthly crude oil production on record in January, government data showed, as output from the country’s vast shale formation Vaca Muerta accelerated while global oil prices climbed above $80 a barrel.
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”
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