Efforts to reboot Ecuador’s ambitious 300,000 bpd Pacific Refinery project might struggle, given changes in the fundamentals of the global market for petroleum products.
ExxonMobil, Royal Dutch Shell and BP are on a list of 16 companies that have registered to bid in Brazil’s fourth pre-salt bid round on June 7.
Phoenix Global Resources is expanding its footprint in the Vaca Muerta shale play in Argentina.
Peru and Bolivia have begun discussing plans for a transcontinental transport corridor that would connect the Atlantic and Pacific coasts of central South America.
Argentina’s government last week held firm against calls from opposition leaders to lessen or stall increases in natural gas tariffs, saying it would press ahead with the changes.
Brazil’s National Petroleum Agency (ANP) has approved new local content rules for the country’s oil industry.
Colombia hopes its first auction for new hydrocarbon acreage since 2014 will help bolster the country’s stagnant reserves and production and promote foreign investment as...
Frontera Energy plans to double its investments in Colombia and Peru during 2018, with the Canada-based oil and gas producer tapping a new CEO to lead an extensive drilling campaign.
Peruvian President Pedro Pablo Kuczynski resigned last week in the face of looming impeachment proceedings over his alleged corrupt dealings with Brazilian construction firm Odebrecht.
Repsol’s 400 million euro (US$493 million) investment in the Mexican fuel market is another major vote of confidence in the country’s downstream future.
Norway’s Statoil is looking for more oil and gas opportunities in Argentina after it signed a new deal with state-run YPF in which the pair pledged to assess potential onshore and offshore...
Ecuador is to increase the number of oil and gas areas offered at an auction later this month, with the bid round now including the Amistad gas field.
Argentina intends to sustain its imports of LNG this year, as a recovery in domestic natural gas production takes longer than expected.
Royal Dutch Shell intends to ramp up its crude oil production from the Vaca Muerta shale in Argentina to at least 40,000 bpd in 2021.
Argentina plans to increase natural gas exports to Chile in December, allowing deliveries without limits in an effort to encourage a ramp-up in production from Vaca Muerta by creating more sales...