South America
Colombia’s oil production surges to 2-year high
Colombian crude oil production hit a two-year high in October, averaging some 878,854 barrels per day, the country’s energy ministry said in its latest statistic report. Output was at its ...
Colombia’s Ecopetrol plans first fracking project
Colombia’s state-run oil company, Ecopetrol, has applied for a permit to launch the country’s first hydraulic fracturing project, targeting unconventional resources in Magdalena Medio, central Colombia. According to CEO Felipe ...
PetroChina, Rosneft leave Venezuela refining projects
Chinese and Russian state oil companies PetroChina and Rosneft will not pay the costs of repairing and modernizing Venezuela’s Cardón and Amuay refineries for PDVSA, according to ...
PetroChina, Rosneft leave Venezuela refining projects
Chinese and Russian state oil companies PetroChina and Rosneft will not pay the costs of repairing and modernizing Venezuela’s Cardón and Amuay refineries for PDVSA, according to ...
Venezuela’s crude exports down 27.2% y-o-y in Feb.
Venezuela’s crude oil seaborne exports dropped 27.2% year-over-year in February, as the country struggles to keep production levels from falling due to natural declines and underinvestment, Kallanish Energy learns. Data from UK’s ...
Shell, PDVSA to reduce flaring in northern Venezuela
Royal Dutch Shell, PDVSA and Venezuela’s oil ministry have formed a joint coordination committee to develop natural gas projects in the oilfields of Monagas state, in northern Venezuela, Kallanish Energy learns. The ...
Chile’s ENAP to explore shale gas with ConocoPhillips
Chile’s state-oil company, ENAP, signed an agreement with U.S. independent oil and gas firm ConocoPhillips to explore and potentially produce shale gas in the Magallanes region of ...
Colombia needs to invest $70B to ensure future oil output
Lack of investment is putting Colombia’s oil industry at risk of loosing its crude self-sufficiency, forcing the country to become an importer, Kallanish Energy learns from the Colombian Petroleum Association ...
Venezuela’s state-owned PDVSA has issued at least $310M in debt
Venezuela’s state-owned oil company, PDVSA, has issued at least $310 million in debt to companies including General Electric as it negotiates private issues to pay off its suppliers, industry sources ...
Brazil to build more nuclear plants by 2050: report
Brazil’s mines and energy ministry is nearly finished with the country’s 2050 national energy plan (PNE), which will include the construction of new nuclear power plants, local newspaper Valor Econômico ...