LatAmOil - Latin America Oil & Gas

Oil prices collapse as COVID-19 wreaks havoc

Mexico will not resume oil and gas auctions, finance minister says

Mexico’s Finance Minister Arturo Herrera has said that the government does not intend to resume auctions for joint venture projects with the national oil company (NOC) Pemex.

IMF in talks with Ecuador over impact of oil price drop

The International Monetary Fund (IMF) has been in talks with Ecuador to try to help the Latin American country navigate the significant drop in oil prices caused by the global coronavirus outbreak.

Tullow Oil optimistic about its chances in 2020, despite lower oil prices

Africa and Latin America-focused Tullow Oil has taken steps to guard against fluctuations in oil prices but still faces risks in the long term.

Petrobras CEO says oil price plunge will hit his company’s finances in 2020

Roberto Castello Branco, the CEO of Petrobras, has said he expects the plunge in world crude prices to affect his company’s finances this year.

Peru’s tribal leaders lodge complaint over Amazon pollution with OECD

Indigenous leaders from Peru have filed a complaint with the Organisation for Economic Co-operation and Development (OECD) about Pluspetrol’s operations in the area of the Amazon River.

Petrobras says Búzios field hits new daily output record

The Brazilian state-run oil and gas company Petrobras has reached a new output record at the Búzios oilfield.

BAML analysts: Lower oil prices will cut into economic growth in Latin America

Bank of America Merrill Lynch has scaled back its forecast for economic growth in Latin America in light of the recent drop in crude oil prices.

Mexico touts success of annual oil hedge

Mexico’s government does not expect to lose any budget revenues as a result of the downturn in world crude markets, and Finance Minister Arturo Herrera attributes this success to the country’s annual oil-hedging programme.

Peru LNG brings export volumes up in February

Peru LNG, the operator of a natural gas liquefaction plant and export terminal in Pampa Melchorita, saw its export volumes rise year on year in February.

Argentina reacts to plunging oil prices

The downturn in world crude markets has raised questions about Argentina’s plans for developing Vaca Muerta fields and restructuring its debts.

Petrobras amends supply contract for Bolivian gas

Brazil’s national oil company (NOC) Petrobras said last week that it had successfully amended an existing natural gas supply contract with its Bolivian counterpart YPFB.

Wärtsilä signs EPC contract for gas-to-power project in Guyana

Finland’s Wärtsilä has teamed up with Guyana’s national electricity provider to work on a gas-to-power project.

YPF reports revenues up, operating income down in 2019

Argentina’s national oil company (NOC) YPF has reported mixed financial results for 2019, with revenues up and operating income down.