LatAmOil - Latin America Oil & Gas

Arrow Exploration profit drops as output rises and spending tightens in Colombia

Arrow Exploration reported lower annual profit despite higher production from its Colombian assets, as weaker earnings and reduced cash balances reflected operational investment through 2025, the company said

Argentina awards LNG pipeline contract to Italian-led group in $530mn bid

Argentina has selected a consortium led by Italy’s Sicim alongside local firm Víctor Contreras to build a key gas pipeline for its first liquefied natural gas project, after submitting the most competitive bid valued at $530mn

Argentina seeks up to $40bn in fresh inflows as RIGI pipeline expands

Argentina is targeting as much as $40bn in additional investment under its incentive regime for large-scale projects, with new proposals expected in the coming weeks, Economy Minister Luis Caputo said

Colombia, Venezuela agree to restore power link in renewed energy cooperation push

Colombia and Venezuela have signed an agreement to reactivate their cross-border electricity interconnection, marking a step forward in bilateral energy integration, Venezuela’s energy ministry said

ArtCap eyes Venezuela oil services as investor interest rebounds

The firm plans to direct capital toward local companies supporting major oil producers, focusing on equipment, maintenance and other expenditures aimed at restoring output after years of underinvestment

Venezuela oil recovery stalls as investment and sanctions relief remain key

Venezuela’s oil sector is beginning a slow reconstruction process with fewer than 30% of its wells active, highlighting the depth of the industry’s decline despite renewed efforts to revive output

US urges private investment as Venezuela oil revival faces funding hurdles

US chargé d’affaires in Caracas, John Barrett, called on Venezuela’s private sector to capitalise on what he described as a “historic opportunity” in the oil industry, as Washington steps up efforts to revive the country’s energy sector

Venezuela signs offshore gas deal with BP as energy opening accelerates

Interim President Delcy Rodríguez oversaw the agreement at Miraflores Palace alongside senior energy officials and BP executives, describing the deal as part of a broader strategy to expand gas output and strengthen the national economy

Blue Water targets Venezuelan oil expansion through Maha acquisition plan

The move would give the company a platform to expand in the country as it engages with investors that hold oil licences but lack the capital to develop them

Brazil well results boost Petro Victory outlook

Petro Victory Energy reported drilling results from the SJ-12 well in the São João field in the Barreirinhas Basin, confirming hydrocarbon zones and outlining plans for further testing.

Eni signs deal with Venezuela to relaunch Orinoco Belt oil output

Italian energy company Eni has signed an agreement with Venezuela's state oil company PDVSA to resume crude production at the Junín-5 heavy oil field in the Orinoco Belt, acting President Delcy Rodríguez said on April 28.

Colombia climate conference closes with push to end oil, gas and coal

War and climate crisis collide in Colombia, where over 50 nations are mapping a path away from oil, gas and coal — outside the UN process that has repeatedly failed to act.

Guyana among top targets as oil majors chase ultra-deepwater finds to plug 300bn barrel gap

Colombia's Ecopetrol tops renewable target with 951MW as cost savings mount

Colombia’s state-controlled oil company Ecopetrol expanded its renewable energy capacity to 951MW by the end of 2025, exceeding its 900MW target, as part of efforts to cut costs and emissions while supporting its core hydrocarbons business

Guyana oil output steady at 914,000 b/d as country eyes push past 1mn barrels

Bolivia's Paz dismisses YPFB privatisation claims, vows to rebuild ailing state energy firm

Bolivian President Rodrigo Paz has dismissed allegations that his administration plans to privatise state energy firm Yacimientos Petrolíferos Fiscales Bolivianos (YPFB).

US sanctions on Lukoil hit production at Carlos Slim's Gulf of Mexico oil fields

Guyana crude production averages 914,000 bpd in Q1 of 2026

Guyana's crude production averaged 914,000 barrels per day across the first quarter of 2026, according to official government data.

Bolivia mulls tax overhaul to revive gas sector, lure foreign investment

Bolivia is preparing a sweeping reform of its hydrocarbons framework, seeking to reverse a prolonged decline in production by offering clearer rules and competitive taxation to international energy firms.

Petrobras expands Brazil offshore stake

Petrobras has agreed to acquire a 100% interest in part of the Argonauta field from Shell and partners in the Parque das Conchas cluster offshore Brazil, the company said, in a deal valued at about $290mn.

Camuzzi and Vitol sign MoU for LNG project at La Plata port

Argentina’s Camuzzi Gas Inversora has signed a memorandum of understanding with commodities trader Vitol to advance the LNG del Plata project, a liquefied natural gas facility planned at the Port of La Plata.

Argentina announces $14.4bn in energy and petrochemical investments under RIGI

Argentina’s government on April 24 unveiled two new investment projects in the energy and petrochemical sectors worth a combined $14.4bn, as part of its incentive scheme aimed at attracting large-scale capital into strategic industries.

Colombia, Spain extend energy transition pact as financing, policy coordination in focus

Colombia and Spain agreed to prolong a bilateral co-operation framework on energy transition for a further three years, signing the extension in Santa Marta on April 27 during an international conference on moving beyond fossil fuels

UAE withdraws from OPEC following years of frustration

The UAE will officially leave the OPEC alliance in May, driven by mounting frustrations over production quotas that constrained its expanded capacity.

Brazil output lifts Galp profit

Portugal’s Galp Energia reported a 41% rise in first-quarter adjusted core profit, exceeding expectations, supported by higher production in Brazil and stronger crude prices.