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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US allows Russian oil cargo to Cuba on ‘humanitarian’ grounds, not policy shift
United States officials said on March 30 that Washington’s decision to permit a Russian oil tanker to reach Cuba was a one-off humanitarian measure rather than a change in sanctions policy
Cubans welcome Russian oil tanker but say supplies fall short
Cuba is preparing to receive a 730,000-barrel Russian crude shipment at its Matanzas port by March 31, offering limited relief to an energy crisis marked by recurring blackouts and fuel shortages.
Colombia to host 45-nation summit aimed at advancing fossil fuel phase-out
Colombia will host a global summit in Santa Marta from April 24 to 29 bringing together 45 countries to push forward efforts to phase out fossil fuels and accelerate the energy transition, President Gustavo Petro confirmed
Brazil cushioned as oil shock hits
Brazil is limiting the impact of oil market volatility linked to tensions involving Iran, the United States and Israel, supported by a fuel system that allows drivers to switch between ethanol and petrol.
Brazil taps Fugro for wind study
Brazil’s Petrobras has awarded a contract to Fugro to carry out geotechnical investigations for a planned offshore wind pilot project.
Brazil moves to ease airline fuel shock
The Brazilian government has introduced measures to limit the impact of higher aviation kerosene prices on airlines, including an emergency credit line funded by the National Civil Aviation Fund, as oil prices rise amid tensions in the Middle East.
Colombia oil output steady above baseline despite reserve concerns, ANH says
Colombia’s crude production has remained stable and above technical benchmarks in early 2026, the Agencia Nacional de Hidrocarburos (ANH) said on March 30, even as concerns persist over declining reserves and the strategic direction of Ecopetrol
Colombia's Ecopetrol folds solar unit into core structure to deepen renewables push
Colombia’s Ecopetrol said on March 30 that shareholders approved the absorption of its subsidiary Parque Solar Portón del Sol, consolidating renewable assets as part of its energy transition strategy
Guyana's Stabroek output hits record 918,000 b/d in February as million-barrel threshold nears
Colombia's Ecopetrol cuts dividend as profit allocation shifts toward reserves
Ecopetrol’s shareholders approved a dividend of COP121 ($0.032) per share for 2025 earnings at a meeting on March 27, marking a sharp reduction from prior years as the state-controlled oil group redirects a larger share of profits to reserves
Pemex crude exports jump 76% m/m in February as oil price surge opens new revenue window
Uruguay raises fuel prices 7% as government cushions global oil surge
Uruguay will raise fuel prices by an average of 7% from April, the government said on March 27, opting to absorb part of a sharp rise in global crude costs rather than pass the full burden onto consumers.
Former Chevron executive targets Patagonia oil fields as foreign investment returns to Argentina
Energy investor Ali Moshiri, a former regional president of Chevron and an early backer of Argentina’s Vaca Muerta shale development, is returning to the country to acquire conventional oil assets in Patagonia.
Fitch assigns ‘BB-’ rating to Vista Argentina bonds on growth outlook
Fitch Ratings has assigned a ‘BB-’ rating to proposed senior unsecured notes by Vista Energy Argentina S.A.U., as the oil and gas producer seeks funding to support acquisitions and expand operations.
Guyanese crude production spikes in February
Guyanese crude production reached a record 918,000 barrels per day in February 2026, stemming from optimisation gains across ExxonMobil's offshore Stabroek Block operations.
US court rules in favour of Argentina in YPF case
A US federal appeals court has struck down a $16.1bn judgment against Argentina stemming from the 2012 expropriation of oil company YPF.
Guyana to play pivotal role in lifting Chinese CNOOC's reserve levels
Chinese national oil company CNOOC has outlined its oil production and reserves targets for 2026, with its Guyana operations positioned as a critical driver of growth as the company seeks to expand output and replace reserves.
China demands US lift Cuba blockade as Russian tanker docks at Matanzas with 730,000 tonnes of crude
China called for an immediate end to the US oil blockade on Cuba, as a Russian crude carrier arrived at the island's principal oil terminal and President Donald Trump signalled he would not obstruct such shipments
Brazil Wahoo output ramps up
Brazilian oil and gas company PRIO has started output from a second well at its Wahoo field in the Campos Basin, days after bringing the first well onstream.
Brazil finds new pre-salt oil
Petrobras said it has identified a new oil accumulation in the pre-salt of the Campos Basin after drilling an exploratory well in the Alto de Cabo Frio Central block.
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