LatAmOil - Latin America Oil & Gas
Pemex exec asked to resign over profit-sharing payments
A representative of PMI, the trading arm of Mexico’s national oil company (NOC) Pemex, has been asked to resign after authorising payments under a profit-sharing plan.
Mexican oil output drops for second month in row
Mexico’s crude oil production dropped for the second consecutive month in October to a level only marginally above the record lows marked over the summer.
Petrobras slashes five-year investment plan by 27%
Brazilian oil and gas giant Petrobras has cut its five-year investment budget by more than one quarter to $55bn.
Oil-rich Mendoza Province seeking more investment
Argentina’s oil-rich Mendoza Province is keen to revive investors’ interest in the petroleum sector, which has languished as a result of the pandemic, by granting tax benefits to companies that resume drilling work or start new projects.
Rockhopper says Navitas remains keen on Sea Lion
Israel’s Navitas Petroleum is reportedly still intent on proceeding with a farm-in deal that will allow it to become a shareholder in PL032, a block off the coast of the Falkland Islands that contains the Sea Lion oilfield.
Venezuela resumes direct crude exports to China
Venezuela has reportedly resumed direct shipments of crude oil to China after more than a year of minimal activity.
Sempra to combine US, Mexican LNG subsidiaries
California-based Sempra Energy has announced this week that it is simplifying its energy infrastructure business – a plan that entails combining its two LNG subsidiaries into a single unit.
Orinduik consortium reviewing 3D data before selecting next drilling targets
Canada’s Eco (Atlantic) Oil & Gas indicated last week that shareholders in the Orinduik block had begun the process of drawing up plans for their next drilling programme.
Guyana grants 12-month extension for drilling at Corentyne
A joint venture formed by two Canadian companies, CGX Energy and Frontera Energy, has secured permission to push back its deadline for drilling at the Corentyne block offshore Guyana.
Tullow hoping for a comeback
Tullow Oil’s new investment plan focuses on West Africa but also identifies opportunities in South America and East Africa.
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