The U.S. Department of the Treasury has eased restrictions allowing American companies to operate in Venezuela’s oil market, although under strict oversight and reporting conditions

The British giant posted a $3.4 billion loss in the fourth quarter, compared with a $1.2 billion profit in the previous quarter. The loss included $4.3 billion in adjustments, mainly related to impairments in its gas and low-carbon energy businesses

The chief executive of French oil major TotalEnergies, Patrick Pouyanné, said that the company is “assessing” options to return to Venezuela, but “it’s going to take some time to get a clear investment framework in place”

U.S. President Donald Trump is promising incentives and compensation to oil companies that invest in Venezuela, but the industry remains hesitant due to a “lack of clarity” around support, political uncertainty, and the deterioration of Venezuela’s infrastructure

According to the company’s 2026–2028 strategic plan, the projected investments aim to increase Vaca Muerta production by 60%, reaching 180,000 boe/d in 2028

Argentine state-owned oil company YPF and Italy’s Eni have reached an agreement with the investment arm XRG of Abu Dhabi National Oil Company (ADNOC) to join Argentina’s liquefied natural gas (LNG) project

The national government awarded the contract to TGS for the expansion of the trunk pipeline from Vaca Muerta, in a deal that will involve a USD700 million investment to add 14 million m³/day of natural gas transport capacity

The agreement sets that Fluxus must make an initial investment of 21.3 million dollars for the reactivation of 54 wells between 2026 and 2027, as well as for the maintenance of existing facilities

Argentine state oil firm YPF will invest around $400 million as part of a new joint venture to produce and sell sustainable aviation fuel (SAF)

Pampa Energía announced that it has requested inclusion in an incentive regime to build an oil and gas treatment plant at its Rincón de Aranda field, with an investment of $426 million