LatAmOil - Latin America Oil & Gas
Fitch gives Peru LNG negative outlook on weaker operations
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
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
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
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
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
A warning that oil demand will peak within a few years overshadows some of the positive news coming from oil producers in recent days.
BP warns of peak oil demand just around the corner
Kosmos sells stakes in African, South American projects to Shell
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
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
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
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.
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