LatAmOil - Latin America Oil & Gas

18 September 2020

Fitch gives Peru LNG negative outlook on weaker operations

16 September 2020

US-based Fitch Ratings says its outlook for Peru LNG (PLNG) is negative, owing to the consortium’s weaker operational performance, which stems from a decline in world prices for natural gas.

Maduro says Venezuela captured US spy near refinery complex

16 September 2020

Venezuela’s President Nicolás Maduro said last week that the country had captured a US spy near an oil-refining complex.

Brazil deepens probe of Petrobras forex transactions

15 September 2020

Federal police in Brazil have issued 25 search warrants as part of a probe into foreign exchange transactions that state-run Petrobras carried out around a decade ago.

Argentina’s Mendoza Province studies new contract option

15 September 2020

Argentina’s hydrocarbon-rich Mendoza Province, which is home to a section of the Vaca Muerta shale play, hopes a new contract model will help attract investment.

Mexico cuts oil production forecast for Pemex

15 September 2020

The Mexican government has slashed its production outlook for state-run Pemex, which is struggling under a $107bn debt load and fallout from the coronavirus (COVID-19) pandemic.

NRG: Ahead of the peak

15 September 2020

A warning that oil demand will peak within a few years overshadows some of the positive news coming from oil producers in recent days.

Kosmos sells stakes in African, South American projects to Shell

14 September 2020

Kosmos Energy (US) has arranged to sell its stakes in four African and South American exploration projects to an affiliate of Royal Dutch Shell (UK/Netherlands).

ExxonMobil strikes oil again offshore Guyana

11 September 2020

ExxonMobil has racked up its 18th oil find offshore Guyana, even as it strives to keep its first development campaign at Liza-1 on track.

Court rules in Ecuadorean government’s favour on pipeline claims

11 September 2020

Leaders of indigenous groups and their allies in Ecuador have pledged to appeal against a court decision that rejects their demand for compensation from the government for oil spills that followed floods and landslides in April.

Fracking legislation stalls in Colombia ahead of pilot contracts

11 September 2020

New legislation that would provide tax breaks for unconventional oil and gas drilling in Colombia has stalled in Congress, despite the government’s much-anticipated plans for kick-starting the sector.