LatAmOil - Latin America Oil & Gas
YPF has cut oil production at fields in the Vaca Muerta shale formation, on the grounds that energy demand has fallen since the government imposed a lockdown to curb the spread of coronavirus.
Representatives of Venezuela’s private fuel supply companies are urging the government to loosen restrictions on the import and sale of gasoline.
Peru LNG, the operator of a natural gas liquefaction plant and export terminal in Pampa Melchorita, saw export volumes increase year on year in February.
Ecuador has stopped operations in two oil pipeline systems following a landslide in the Amazon region last week, according to the country’s Hydrocarbons Ministry.
The government of Guyana has said that oil production is set to reach maximum levels of 120,000 barrels per day (bpd) next month as anticipated, but it has also warned that per-barrel revenues are set to decline.