Australia’s Melbana oil exploration company, which has rights in a Cuban area known as block 9, will now also work to enhance production from the separate Santa Cruz offshore field, Continue Reading
Argentine’s state oil and gas company YPF and Malaysian Petronas will invest jointly US$2.3 billion in an oil production project in the Vaca Muerta shale play, one of the largest Continue Reading
The recent swoon in the oil market may have US President Donald Trump revisiting the idea of tougher sanctions on Venezuela’s crude and refined products. Hawkish White House officials are Continue Reading
Russia signed a new nuclear cooperation agreement with Argentina, which is already negotiating with China about building nuclear reactors. State-owned Russian reactor builder Rosatom said in a statement that the Continue Reading
Saudi Arabia and non-OPEC producer Colombia plan to strengthen energy cooperation, Saudi Energy Minister Khalid al-Falih said on Twitter after a meeting with his counterpart Maria Fernanda Suarez in Bogota. Continue Reading
A Peruvian state oil company said it has received $1.3 billion from lenders, in addition to $2 billion it previously obtained — and that it still plans to borrow $600 Continue Reading
Brazilian state oil company Petrobras said Wednesday it has sold onshore and shallow offshore fields in Brazil for $823 million, part of the company’s efforts to divest assets to focus Continue Reading
Brazil this week pulled out of hosting next year’s United Nations global summit on climate change, the latest signal that Latin America’s largest nation no longer aspires to be an Continue Reading
Brazil has more than doubled the number of risky ship-to-ship oil transfers this year, but its monitoring of such offshore maneuvers is lax, to a point where a July 2017 Continue Reading
Over the past few years, Brazil has held several very successful oil auctions under production-sharing contracts in its pre-salt layer, attracting major oil companies to its prized offshore oil area. Continue Reading
