LatAmOil - Latin America Oil & Gas

OPEC+ plans in disarray as meeting is cancelled

Lukoil to take the reins at Area 4

Russia’s Lukoil will acquire a 50% stake in the production-sharing agreement (PSA) covering Area 4, located offshore Campeche State in the southern Gulf of Mexico, from the site’s current operator PetroBAL (Mexico).

LatAmOil: ExxonMobil drills dry hole at Jabillo-1

ExxonMobil (US) has experienced a disappointment at Canje, a deepwater block offshore Guyana, as it did not find commercial quantities of hydrocarbons in the Jabillo-1 well.

Lukoil plans exit from West Qurna-2

Are US sanctions on Venezuela likely to be lifted any time soon?

Venezuelan President Nicolas Maduro is showing signs of willingness to make political concessions ahead of the November elections – and a determination to load the dice in his administration’s favour.