Russia's largest oil producer, Rosneft, is negotiating to swap its collateral in Venezuelan-owned, U.S.-based refiner Citgo for oilfield stakes and a fuel supply deal, efforts to avoid complications from U.S. sanctions, two sources with knowledge of the negotiations told Reuters.
Argentina’s Vaca Muerta shale play will receive a new wave of investments by both local and foreign players in a bid to unlock the potential of one of the largest unconventional resources in the world, Kallanish Energy learns.
Brazilian oil industry regulator, ANP, is considering easing local content rules to pre-existing exploration and production contracts to unlock investments “as soon as possible,” rather than in the medium-longer term, Kallanish Energy reports.
The board of Colombian oil and gas giant Ecopetrol, which recently partnered with other companies to win two bids for joint exploration projects off the Mexican coast, has approved a Mexican subsidiary.
Brazilian state-run oil company Petrobras announced on Tuesday a strategic alliance with China’s CNPC, through which the firms will jointly evaluate opportunities in the oil and gas industry in Brazil and abroad.
Argentina’s Vaca Muerta shale play is about to enter the so-called “second development wave,” not only in terms of investments, but also in terms of productivity and operation costs, government news site Telam reported.
Colombian state-owned oil producer Ecopetrol said this week local protests have negatively impacted production at the country’s largest oilfield, Rubiales, with losses of 9,500 barrels per day (BPD), Kallanish Energy learns.
Brazilian state-controlled oil company Petrobras should halve its imports of natural gas from Bolivia to boost new entrants to the distribution market, a study by a research arm of Brazil’s mines and energy ministry has suggested.
Argentina’s oil and gas producer, YPF, expects production costs at Vaca Muerta shale’s flagship development, Loma Campana, to fall to $10 per barrel next year, from current $12.90, Kallanish Energy learns.