LatAmOil - Latin America Oil & Gas
Petrobras has taken a BRL65.3bn ($11.4bn) impairment on its exploration and production assets, but it still insists that its results have not yet been affected by the coronavirus pandemic.
GPB Global Resources, a joint venture partner of Venezuela’s state oil company PdVSA, has reportedly received at least two cargoes of Venezuelan crude in recent months.
The FBI is reportedly probing several Mexican and European companies that are allegedly involved in trading oil from Venezuela.
Petrobras has reported two new finds in the oil-rich pre-salt region, its core producing area.
The market may be showing early signs of a recovery, but for many oil and gas companies, the worst is still to come
Petrobras has said it sees no need for more further short-term cuts in oil production, despite lower oil prices and the economic fallout from the coronavirus pandemic.
Refineries in Argentina, Brazil and Colombia are seeing throughput levels rise.
Colombia’s national oil company (NOC) Ecopetrol has joined the ranks of businesses looking for new ways to respond to the global shortage of fuel storage capacity.
Aruba’s offer to lease unused storage capacity at Refineria di Aruba (RdA), an oil-processing plant in San Nicolas, is reportedly drawing strong interest.
Venezuela’s national oil company (NOC) PdVSA has reduced its stake in Sweden’s Nynas from 50.1% to 15%.