Russia’s Lukoil has signed a preliminary deal with US-based OP Investments in which it has agreed to become a partner in Oil Combustibles, one of the five leading oil refiners in Argentina.
After two successful pre-salt tenders were held in late October, Brazil has announced details of more blocks to be offered in two new rounds due on March 29, 2018.
Argentina last week made its first gas exports to Chile in more than a decade. The exports were executed by means of the first swap deal between the two countries.
An onshore find has reinvigorated hopes that Uruguay could become an oil producer.
Companies based in China and the UK have joined a list of firms that have shown interest in investing in the Pacific Refinery in Ecuador, the country’s government has said.
Ecuador’s state-run Petroamazonas intends to start drilling work in the second field in the Ishpingo, Tambococha and Tiputini (ITT) block in December.
Argentina's Energy Ministry has eased the regulations for exporting crude and liquid fuels, a move aimed at spurring production.
Argentina’s government has realigned local oil prices with international references for October, marking the first time that crude and product prices have traded freely in 16 years.
Uruguay’s ANCAP launched a third bidding round for 17 offshore licences on September 18, even as a recent dry well and low oil prices dampen the appetite for investment.
Mexico’s National Hydrocarbons Commission (CNH) has launched the tender process to find a partner for state-run Pemex’s second deepwater farm-out.
Petrobras intends to sell 90% of its stake in the Transportadora Associada de Gas (TAG) pipeline company as part of its US$21 billion divestment schedule over the next two years.
ExxonMobil is seeking a 35-year production licence for a shale gas block in the Vaca Muerta play in Argentina.
Tecpetrol is stepping up the pace of development at a block in Argentina’s Vaca Muerta shale play, with expectations of surpassing 10 mcm per day of natural gas production coming earlier than...
Argentina’s state-run energy company YPF said last week that a joint project it is developing with Royal Dutch Shell had been approved. The green light enables the companies to push forward with...
The western Argentina province of Mendoza has taken seven oil and natural gas blocks back under state control after the developers did not invest enough money in exploration work.