LatAmOil - Latin America Oil & Gas

21 May 2020

Petrobras books impairment on E&P assets

19 May 2020

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.

PdVSA partner said to have received at least two Venezuelan crude cargoes

19 May 2020

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.

FBI reportedly probes foreign firms over Venezuelan oil trade allegations

19 May 2020

The FBI is reportedly probing several Mexican and European companies that are allegedly involved in trading oil from Venezuela.

Petrobras makes oil finds at Buzios, Albacora fields

19 May 2020

Petrobras has reported two new finds in the oil-rich pre-salt region, its core producing area.

NRG: A slow and painful recovery

19 May 2020

The market may be showing early signs of a recovery, but for many oil and gas companies, the worst is still to come

Petrobras says no more oil production cuts needed

19 May 2020

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.

Signs of recovery in Latin America’s downstream sector

14 May 2020

Refineries in Argentina, Brazil and Colombia are seeing throughput levels rise.

Ecopetrol eyes new storage options

14 May 2020

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.

Storage tanks at Aruba refinery reportedly drawing strong interest

14 May 2020

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.

Nynas gets relief from US sanctions after PdVSA reduces its stake

14 May 2020

Venezuela’s national oil company (NOC) PdVSA has reduced its stake in Sweden’s Nynas from 50.1% to 15%.