LatAmOil - Latin America Oil & Gas
Petrobras books impairment on E&P assets
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
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
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
Petrobras has reported two new finds in the oil-rich pre-salt region, its core producing area.
NRG: A slow and painful recovery
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
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
Refineries in Argentina, Brazil and Colombia are seeing throughput levels rise.
Ecopetrol eyes new storage options
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
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
Venezuela’s national oil company (NOC) PdVSA has reduced its stake in Sweden’s Nynas from 50.1% to 15%.
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