China’s state-owned oil company, CNPC, is planning to move ahead of the development of Peru’s Block 58, in the country’s south-eastern jungle, with investments of $2 billion between 2021 and 2023.
In a bid to boost investment in its vast unconventional reserves in the Vaca Muerta play, the Argentinean government will reduce the import tariff on used oil and gas exploration and drilling equipment, Kallanish Energy learns.
Brazil’s state-run oil company Petrobras expects its crude exports to grow by 47.5% in 2021, while production should increase by 33.8% in the same period, company’s executive manager Guilherme Franca said on Wednesday.
Argentina and China continue to discuss the details of the nuclear deal announced last week, in which China National Nuclear Corp (CNNC) will build a Hualong One reactor in the South American nation.
Brazilian oil and gas company Petrobras has put another onshore oil and gas asset for sale, also located in the Solimoes Basin, as part of its $21 billion divestment plan through to 2018, Kallanish Energy reports.
Brazilian prosecutors on Monday charged former president Luis Inacio Lula da Silva and other 12 individuals for corruption and money laundering related to a property claimed to be given to Lula as bribery.
China will supply Argentina with two nuclear power reactors, the contract one of 19 agreements signed this week in Beijing during a meeting of Chinese president Xi Jinping and Argentinean president Mauricio Macri.
Oil and natural gas production at Brazil’s flagship pre-salt fields surged 50% in April compared to the same period last year, operator Petrobras said earlier this week when disclosing its monthly output data.
British private equity firm, Actis, has purchased 346-megawatt onshore wind capacity in Brazil, through the undisclosed acquisition of two wind farms in the country’s northeast region from local Casa dos Ventos.
Venezuelan state oil company PDVSA said on Wednesday it has deposited funds for the payment of interest on 2024 and 2026 bonds, after three bond-holders reported a delay in payment due early this week.