LatAmOil - Latin America Oil & Gas

Oil prices hit by inability to come up with a plan to deal with Coronavirus

US may be gearing up to impose additional sanctions on Venezuela

Chevron's position in Venezuela may be vulnerable, as the US is contemplating further sanctions.

Pemex lobbying for largest share of offshore Zama oilfield

Mexico’s national oil company (NOC) Pemex has contested US-based Talos Energy’s claim to the largest portion of Zama, a major offshore field discovered in the Gulf of Mexico in 2015.

Tullow, partners raise resource estimate for Orinduik block

A new report raises the gross prospective resource estimate for the Orinduik block, located offshore Guyana, by 29%.

Colombia’s Ecopetrol signs up to global anti-gas flaring initiative

Colombia’s state-owned oil and gas company Ecopetrol has joined a World Bank-led global initiative to stop routine gas flaring at its operations.

Petrobras sees reserves drop to 9.56bn boe after divestments

Petrobras has said that its proven reserves fell to 9.56bn barrels of oil equivalent (boe) in 2019, down from 9.606bn boe in the previous year.

Ecuador to call international tender this year for gas imports

Ecuador is going to call an international tender this year in an effort to import around 90mn cubic feet (2.55mn cubic metres) per day of gas from private companies for a period of at least four years.

Shell, Equinor acquire 49% of Vaca Muerta block

Royal Dutch Shell and its partner Equinor have completed their joint acquisition of a 49% interest in the Bandurria Sur onshore block, located in Argentina’s Vaca Muerta shale basin.

Colombia’s daily oil production levels rose by 2.4% in 2019

Oil production in Colombia increased in 2019 to 885,851 barrels per day (bpd), boosted by a rise in the number of developed wells, the head of the country’s energy ministry said last week.

Africa Oil uses BTG Pactual dividend to pay down POGBV loan

Canada-based Africa Oil Corp said on February 4 that it had started repaying the loan it took out to finance its acquisition of Petrobras Oil and Gas BV, now known as Prime Oil and Gas BV (POGBV).