Region: Latin America Category: Oil & Gas Frequency: Every Tuesday
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Rubio heads to Caribbean talks as US sharpens focus on Cuba and Venezuela
The State Department said Rubio will underline Washington’s commitment to working with members of the Caribbean Community to bolster stability and prosperity across the hemisphere
Trinidad's NGC signals scope for better gas terms after Perenco supply deals
Chairman Gerald Ramdeen defended NGC’s earlier move to lift prices for light industrial customers to $5.30 per MMBtu from $3, saying previous tariffs were heavily subsidised and below the company’s acquisition costs
Colombia's Ecopetrol lifts proven reserves 2.7% to 1.944bn barrels, achieves 121% replacement despite $68.64 Brent
Ecopetrol reported proven oil, condensate and natural gas reserves of 1.944bn barrels of oil equivalent at end-2025, up 2.7% year-on-year, achieving a 121% reserves replacement ratio despite a 13.9% decline in Brent crude to $68.64 per barrel
Colombia lacks OFAC licence to import Venezuelan gas through Ecopetrol, minister says
Colombia's state oil company Ecopetrol cannot import natural gas from Venezuela because it lacks authorisation from the US Office of Foreign Assets Control, Energy Minister Edwin Palma said after visiting Caracas
US intercepts third tanker in Indian Ocean over Venezuela oil sanctions
The Pentagon said US forces carried out a right-of-visit inspection and boarding of the tanker Bertha without incident in the area overseen by US Indo-Pacific Command
Venezuela’s oil sector recalibrates as licences ease pressure
State-owned PDVSA is running its main refineries — Amuay, Cardón, El Palito and Puerto La Cruz — at a combined throughput of about 450,000 barrels per day (bpd), roughly 35% of installed capacity
Parex Resources bids $500mn for Frontera Energy's Colombia assets, topping GeoPark offer
Canada's Parex Resources submitted an all-cash $500mn proposal to acquire Frontera Energy's Colombian upstream operations, trumping GeoPark's January agreement by $125mn and offering an additional $25mn contingent payment plus debt assumption
Cuba's oil reserves risk running dry by March as garbage crisis engulfs Havana
Cuba faces depletion of its oil reserves by mid-March unless supply vessels arrive, energy expert Jorge Piñón warned, as only 44 of Havana's 106 rubbish trucks remain operational and waste piles accumulate across the capital amid a US fuel blockade
Trump administration intensifies Cuba embargo as energy crisis deepens humanitarian concerns
The Trump administration has accelerated economic pressure on Cuba through an enhanced petroleum embargo threatening tariffs on countries supplying oil to the island following Mexico's suspension of fuel shipments
VMOS pipeline begins horizontal drilling under Argentina’s Río Negro
Construction of the Vaca Muerta Oil Sur (VMOS) pipeline reached a key milestone on Monday as works began to cross the Río Negro through Horizontal Directional Drilling (HDD), provincial authorities said.
Argentina extends RIGI to 2027, adds new oil and gas projects
The government of President Javier Milei extended by one year the deadline to join its large investment incentive scheme and expanded its scope to include new onshore oil and gas developments, setting a minimum investment threshold of $600mn.
YPF CEO says shale investment safe from oil price drop as Vaca Muerta drive intensifies
YPF SA is setting aside funds to sustain investment in Argentina’s fast-growing Vaca Muerta shale basin even if oil prices fall this year, Chief Executive Horacio Marín said.
Argentina's Vaca Muerta oil output hits record 610,720 bpd in January
Argentina’s Vaca Muerta shale formation produced a record 610,715 barrels per day of oil in January 2026, marking a 32.01% year-on-year increase and underscoring the growing weight of non-conventional output in the country’s energy matrix.
Quintana Energy, TSB advance Vaca Muerta exploration in Mendoza with $44mn plan
Quintana Energy and TSB are carrying out a $44mn unconventional pilot plan in the Cañadón Amarillo block in Mendoza province, deploying 3D seismic surveys over 202.5 square kilometres.
Argentina’s rising gas exports poised to reshape regional market, Fitch says
Argentina’s expanding natural gas production and new pipeline infrastructure could accelerate exports from the Vaca Muerta basin and reshape regional energy markets, Fitch said in a report.
Argentina’s Río Negro to build largest fractionation plant for Vaca Muerta gas
Argentina’s Río Negro province will build the country’s largest onshore gas fractionation plant to process output from Vaca Muerta, as part of the Argentina GNL project, Governor Alberto Weretilneck said.
Mexican president's U-turn on fracking tests green credentials as energy sovereignty takes priority
Brazil begins formal process to join IEA as full member
Brazil has launched the formal accession process to become a full member of the International Energy Agency (IEA) after a unanimous decision by ministers at the agency's biennial ministerial meeting in Paris on February 19.
Brazil's ANP shuts down Vibra fuel base after ethanol tank explosion leaves one injured, two missing
Brazil's oil and gas regulator ANP has shut down Vibra Energia's fuel distribution base in Volta Redonda, Rio de Janeiro state, after an explosion and fire broke out in one of the facility's ethanol storage tanks in the early hours of February 22.
Venezuela and Colombia deepen energy talks as trade gradually recovers
The discussions, which included acting president Delcy Rodríguez, focused on strengthening bilateral ties and identifying concrete projects aimed at boosting regional energy security and supporting economic growth in both countries
Repsol cuts Venezuela exposure as impairments mount despite new US licences
The Spanish energy group said in its annual report that the remaining exposure is largely tied to receivables from state-owned PDVSA, financing provided to Petroquiriquire and stakes in projects including Cardón IV
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