Venezuela’s oil output in September was down again, according to OPEC’s latest data. Crude production has been sliding throughout the year as the country’s economic and political crises bite.
Argentina has launched its first auction for offshore acreage in two decades, as it seeks reserves in one of the world’s last hydrocarbon frontiers.
Argentina aims to start exporting 40 mcm per day (14.6 bcm per year) of LNG in 2023, and gradually increase that to 120 mcm per day (43.8 bcm per year) by 2025.
The approval of a new hydrocarbons law in Peru could lure the necessary investment to reactivate production at 4,500 shuttered oil wells, according to the National Society of Mining, Petroleum and...
Ecuador’s government has launched the Intracampos licensing round for eight onshore blocks in the north of the country.
Petrobras has announced a new policy to hold fuel prices level for up to 15 days by using a hedging programme to reduce price volatility for customers.
Royal Dutch Shell intends to shift into full-scale development of its first block in the Vaca Muerta shale in Argentina in 2019.
The president of BP’s Brazilian business used a recent event in Rio de Janeiro to extol the competitiveness of the country’s pre-salt compared to other global oil producing regions.
Ecopetrol has cut its planned spending in 2018 by US$500 million, but insists its full-year production target of 715,000-725,000 boepd remains on track.
Argentina’s YPF aims to move into full development on two more blocks in the Vaca Muerta this year.
Frontera Energy said normal operations at the Nor Peruano oil pipeline in Peru are expected to resume at the end of August.
Bolivia is positioning itself to negotiate new rates for natural gas deliveries to Argentina.
Frontera Energy has cancelled a contract with Colombian logistics firm Cenit to transport crude oil through the bomb-hit Cano Limon-Covenas pipeline.
The highest court in Ecuador has upheld a US$9.5 billion damages award against US super-major Chevron over pollution in the Amazon.