Norway’s Equinor has made its first discovery in the Carcara Norte concession offshore Brazil, a little over a year after acquiring the area.
Petrobras will increase its investment over the next four years to US$84 billion, according to its new business plan, which covers the 2019-23 period.
Andres Manuel Lopez Obrador was sworn in as Mexico’s president on December 1, and his term of office could have far-reaching consequences for the country’s energy policy.
Vista Oil & Gas intends to invest US$157.4 million on two pilot projects in Vaca Muerta, targeting oil in Argentina’s biggest shale play.
Ecuador’s state-run Petroamazonas is still targeting around 18,000 bpd of crude oil output from the Ishpingo field, part of the major Ishpingo, Tambococha and Tiputini (ITT) project.
Argentina opened bidding last week for its first offshore round in decades, and major oil companies are eying the potential.
Chile will reportedly receive a rare cargo of crude from the US this week, as the country looks for new import routes to meet growing energy demand.
Petrobras and Chevron have refused to confirm or deny media reports that both companies are negotiating the sale of the Brazilian state-run giant’s problematic refinery in Pasadena, Texas.
Petrobras anticipates it will be able to restart the process to sell its Transportadora Associada de Gas (TAG) gas distribution business within the next month.
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.