Peru’s environmental inspector, responding to fuel supply shortages, on Saturday authorized the temporary resumption of hydrocarbon loading and unloading operations at sea at a refinery owned by Spain’s Repsol (REP.MC) Continue Reading
Peru to hold bid round in June Northwestern fields’ contracts about to expire Bid round Peru’s first since Tullow Oil in 2018 Peru’s government plans to call for bids in Continue Reading
Highlights Petroperu expected to take a week to restart pumping PetroTal’s Block 95 tops 20,000 b/d for first time PetroTal to ship 320,000 barrels to Brazil State oil company Petroperu Continue Reading
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
Peru’s state-owned Petroperu hopes to once again extract oil in the Andean nation by the end of the year to supply crude to its Talara refinery, the government said on Continue Reading
Peru has struggled for over a decade to build its hydrocarbon sector and boost crude oil reserves and production. 2020 was particularly difficult for the Andean country’s crisis-ridden petroleum industry Continue Reading
A string of crises has engulfed Peru, Latin America’s sixth-largest economy, since the start of 2020. If the marked impact of the COVID-19 pandemic on Peru were not enough, it Continue Reading
A combination of sharply weaker oil prices, inconsistent regulation, the COVID-19 pandemic, and constant conflict in the Amazon where most of Peru’s onshore oil industry is located has triggered a Continue Reading
Indigenous protests have taken over Peru, threatening to undermine the Latin American nation’s burgeoning upstream industry. To many it would come as a surprise that Peru has any substantial amounts Continue Reading
One country often ignored when considering Latin America’s regional hydrocarbon sector is the Latin American country of Peru. Over the last two decades, the Andean country has developed rapidly to 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
State-owned Petroperu halted pumping on its 200,000 b/d North Peruvian Oil Pipeline as it sought to investigate an apparent leak. Operations were stopped after crude was detected in a jungle Continue Reading
Spanish energy company Repsol said natural gas production started at a site in Peru that has the reserve equivalent of a quarter of the nation’s demand. Gas production started Wednesday Continue Reading
Indigenous leaders in Peru will obstruct the government’s access to one of the country’s largest oilfields if an indigenous rights law does not take effect in the next 20 days, Continue Reading
U.N. frustrated with Peruvian decision to sanction oil operations in remove Loreto area. (UPI/Shutterstock/sittitap) LIMA, Dec. 15 (UPI) — The United Nations said Monday it was concerned by a Peruvian proposal to sanction oil operations despite a legacy of heavy pollution and rights abuses. Human rights experts working for the United Nations said there were frustrated with a Peruvian government decision to start operations in the northern Loreto region in one of the more desolate parts of the Amazon Rainforest. The operation comes despite an agreement between aboriginal groups and the state-owned Petroperu to clean areas contaminated by more than 40 years of oil spills. "Companies extracting oil in this region have left behind a toxic mess with disregard for the rights of affected communities and laws of Peru," U.N. special envoy for human rights and hazardous substances Baskut Tuncak said in a statement. The Peruvian government in recent […]
Peru is pushing forward with an expansion of the country’s biggest natural gas project despite concerns about its potential impact on indigenous tribes living deep inside a remote Amazon reserve. The Mines and Energy Ministry this week approved a key environmental permit that will allow the Camisea consortium to carry out a $480 million exploration program at its Block 88 concession. The consortium, led by Argentina’s Pluspetrol Norte SA, plans to drill 18 exploration wells and conduct seismic testing in a part of the concession that overlaps with the Kugapakori-Nahua-Nanti indigenous reserve. President Ollanta Humala’s administration is keen on finding new reserves at the Camisea gas fields, which are an important source of tax revenue and seen as a supply of low-cost fuel for the national market. The consortium paid $1.3 billion in royalties in 2013. Camisea produces almost all of Peru’s natural gas from Block 88 and […]
PetroChina Co. Ltd.’s indirect subsidiaries CNPC E&D Holdings Cooperatief UA and CNODC International Holding Ltd. have agreed with Petroleo Brasileiro SA’s wholly owned subsidiaries Petrobras International Braspetro BV and Petrobras Continue Reading
By Yvonne Lee HONG KONG–China National Petroleum Corp., the country’s largest integrated oil producer, will pay US$2.6 billion for oil and gas assets in Peru, in the latest foray by China’s state-owned oil firms into Latin America. CNPC and its unit PetroChina Co. (0857.HK) have reached a deal with Brazil’s state-owned Petroleo Brasileiro SA (PBR), or Petrobras, to buy Petrobras Energia Peru S.A., which owns three oil and gas blocks in Peru, the Chinese firm said Wednesday. China has looked to Latin America and Africa in recent years to meet its energy needs, with domestic oil output slowing in the past decade as its fields mature. PetroChina has said it aims for overseas production to account for half of its business by 2015. PetroChina produced a total 67.5 million barrels of oil equivalent overseas in the first half of 2013, up 8% on year and accounting for 9.7% of […]
