LatAmOil - Latin America Oil & Gas

7 May 2020

Ecuador asks Petroamazonas bondholders to accept $175mn payment delay

6 May 2020

Cash-strapped Ecuador has convinced a super-majority of the holders of three-year bonds issued by Petroamazonas, a state-controlled oil company, to accept a delay in payment.

Petrobras seen weathering global oil glut

6 May 2020

Brazil’s national oil company (NOC) Petrobras may be in a unique position to weather the growing global oil glut, owing to its extensive storage capacity and its exports to China.

Guyana collects $60mn in oil revenues

6 May 2020

Guyana says it has already collected around $60mn in oil revenues under production-sharing agreements (PSAs) with the US super-major Exxon Mobil and other international firms.

Storage solutions under discussion

6 May 2020

Mexico and Aruba are looking into new options for expanding oil storage capacity.

Struggling Pemex posts $23.6bn quarterly loss

6 May 2020

Mexico’s national oil company (NOC) Pemex has reported a quarterly loss of more than $20bn, owing to the collapse in crude prices, the dramatic drop in global oil demand and the sharp depreciation of the Mexican peso.

ANH chief sees Colombia producing less oil than expected in 2020

5 May 2020

Colombia’s National Hydrocarbons Agency (ANH) says the country is set to produce less oil than expected this year.

Chevron is not quitting Venezuela, CEO says

4 May 2020

Mike Wirth, the CEO of Chevron, said last week that his company did not intend to make a complete exit from Venezuela.

Venezuela’s moves toward reform of PdVSA not likely to bear fruit

30 April 2020

Venezuela’s moves toward reform of PdVSA are not likely to bear much fruit in the near future.

Argentina’s refinery throughput down

30 April 2020

Argentina’s oil refineries have been cutting throughput this month, and additional reductions are likely in May.

Wood Mackenzie hails Petrobras’ response to fall in gas consumption

30 April 2020

Brazil’s national oil company (NOC) Petrobras has won praise from Wood Mackenzie for its response to recent declines in domestic natural gas consumption.

Cenit offers new payment deal to customers

30 April 2020

Cenit, a subsidiary of Colombia’s national oil company (NOC) Ecopetrol, has offered to let oil producers postpone full payment of transportation tariffs in May and June.