Brazil’s state-run oil company Petrobras reported a 3.6% drop in its domestic oil production in March due to maintenance stoppages, but overseas production was up 4% month-on-month, Kallanish Energy learns.
Argentina’s shale-rich Neuquén Province will hold a meeting with oil investors in Houston tomorrow, a day before President Mauricio Macri meets his U.S. counterpart Donald Trump, province’s governor Omar Gutiérrez said last week.
Venezuela’s state-owned oil company, PDVSA, has resumed operations at its subsidiary’s alkylation unit in the El Palito refinery, after a one-year outage, Kallanish Energy learns from the companies.
Russia’s state-owned shipping conglomerate, Sovcomflot, has held a Venezuela’s PDVSA crude cargo shipped in its oil tanker to the Caribbean over $30 million worth of unpaid shipping fees, according to reports on Tuesday.
A former construction executive said last week his company paid $40 million to Brazilian president Michel Temer’s political party and another party to secure a contract with state-owned Petrobras.
Argentina’s state-run oil company YPF and the world’s largest oil service company, Schlumberger, said last week they will partner to start a new shale oil pilot in Bandurria Sur block, in the Vaca Muerta Shale Play, Kallanish Energy reports.
Canada’s pension funds OMERS has made its first investment in South America, by purchasing a 34.6% indirect stake in Chile’s GNL Quintero (GNLQ) through its subsidiary Borealis Infrastructure for $341 million, Kallanish Energy learns from the companies.
Brazilian industrial power consumers have been partly spared an additional power tariff that will be charged in the second half of the year, after a federal court issued on Monday an injuction in their favor, Kallanish Energy learns from state-run utility Eletrobras.