Peru plans to revamp next year its royalty model for the oil industry, aiming to attract investors willing to help the country reach energy self-sufficiency and start moving toward renewable Continue Reading
The recent rise in oil prices and the pressing need to rescue their economies have incentivized Latin American countries to develop their fossil fuels Latin America is lagging in the Continue Reading
Iran has delivered the fourth cargo of crude oil condensate to Venezuela since the start of this year, Reuters has reported , citing a Venezuelan member of parliament—but the condensate Continue Reading
The land has sustained the Dantas family for more than 150 years, bearing fields of cotton, beanstalks up to a grown man’s hip and, when it rained enough, a river Continue Reading
A cargo of Iranian condensate intended for Venezuela’s state-run oil company, PDVSA, the fourth delivery this year, will discharge in coming days at the country’s main oil port, a Venezuelan Continue Reading
Suriname is hoping to replicate the hydrocarbon success being enjoyed by neighboring Guyana. The country’s vast hydrocarbon potential could be a boon to its struggling economy. While Suriname’s offshore petroleum Continue Reading
The tiny South American nation of Guyana has emerged as the hottest offshore drilling location on the continent over the last six years. The swathe of oil discoveries made by Continue Reading
Highlights Recovery of production possible because of imports of diluents from Iran Orinoco Belt output at 420,000 b/d; Monagas fields 130,000 b/d; Zulia-Trujillo 110,000 b/d Sinovensa is operating at 90,000 Continue Reading
La Nina is set to wreak havoc during Argentina’s upcoming summer, when soybean and corn plants will be growing across the Pampas farm belt. Precious little rain will fall in Continue Reading
Brazil’s Petrobras plans to invest $68 billion in expanding its crude oil production, a figure that represents 84 percent of its total planned investments for the period 2022-2026. Offshore Technology Continue Reading
