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2 clusters · 2 sources · 13 days · First seen · Last updated

South American oil production growth

Overview

South American nations are experiencing significant increases in petroleum output. Argentina reached a historic production record of 943,000 barrels per day in August 2026, largely driven by developments in the Vaca Muerta unconventional formation. This surge contributed to a substantial energy surplus for the country.

In Venezuela, oil production averaged 1.206 million barrels per day in September 2026, marking an increase from the 2025 annual average.

Guyana is also approaching a milestone of one million barrels of oil production per day, with its economy projected to grow by approximately 25% this year. As Argentina continues to accelerate production through shale developments and significant investment interests, such as a proposed program by Chevron, both nations are emerging as key players in the regional petroleum market.

Entities

Vaca Muerta · Fundación Libertad · Wood Mackenzie · Guyana · Aleph Energy

Timeline

  1. [BUSINESS] 2 sources
    Guyana and Argentina compete for South American oil dominance

    Guyana nears one million barrels of daily oil production while Argentina targets rapid growth in the Vaca Muerta shale formation to challenge regional petroleum leadership.

  2. [BUSINESS] 3 sources
    Oil production hits records in Argentina and Venezuela

    Argentina hit a record 943,000 barrels of daily oil production in August 2026 led by Vaca Muerta, while Venezuela's production rose to 1.206 million barrels per day in September.

Sources

aberdeenbusinessnews.co.uk · kaieteurnewsonline.com