Venezuela falling into deeper economic stress: Moody’s

February 9, 2018 0

Venezuela’s fast-pacing decline in oil output is credit negative for the sovereign and Caracas is likely to further miss interested payments on sovereign bonds, as it struggles to generate sufficient cash to cover financial obligations this year, Moody’s said Wednesday.  

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Gran Tierra’s 2P reserves in Colombia up 18%

February 1, 2018 0

Canadian-based, Colombian-focused E&P firm, Gran Tierra, reported an 18% growth in its proven and probable (2P) reserves to 137 million barrels of oil equivalent per day (MMBOE/d) in 2017, Kallanish Energy learns.

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Petrobras’ proved reserves stand at 9.75 BBOE

January 31, 2018 0

Proved petroleum reserves of Brazilian oil and gas company Petrobras have remained relatively flat in 2017 at 9.75 billion barrels of oil equivalent (BBOE), following the U.S. Securities and Exchange Commission (SEC) criteria, the firm said Tuesday. 

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Venezuela seeks Interpol alert for Ramirez

January 29, 2018 0

Venezuelan authorities said on Thursday they are seeking an Interpol red alert for Rafael Ramirez, the country’s former oil minister and CEO of state oil firm PDVSA, on charges of fraud and legitimation of capital, Kallanish Energy learns.

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Petrobras to join Oil and Gas Climate Initiative

January 29, 2018 0

Brazil’s oil and gas firm Petrobras wants to join European oil majors and the world’s top oil producer, Saudi Aramco, as an effective member of the Oil and Gas Climate Initiative (OGCI), Kallanish Energy learns.

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Gazprom eyes tight gas project in Argentina

January 26, 2018 0

Argentina’s hydrocarbon-rich unconventional resources could soon welcome another international player, with Russian gas giant Gazprom eyeing a joint venture exploration deal with YPF, Kallanish Energy learns.

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Russia, Argentina sign $250M uranium deal

January 25, 2018 0

Russia and Argentina signed Tuesday a deal worth up $250 million for the exploration and mining of uranium in the South American nation, through Rosatom’s Canadian arm, Uranium One, Kallanish Energy reports.

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