Rystad reports that Argentina's Vaca muerta region has achieved record oil production during the third quarter.
Rystad, a consultancy, said that Argentina's Vaca Muerta shale formed produced a record 400,000 barges of oil per day (bpd), in the third quarter. This figure represents a 35% increase in production year-over-year…
Argentina Grants Offshore Exploration Permits
Argentina awarded permits to begin hydrocarbon exploration in 18 areas off the coast of the country in the Malvinas West basin to companies including Exxon Mobil Corp, Total SA, YPF SA and Royal Dutch Shell Plc…
Wintershall Wins Argentina Offshore Bid
Germany's largest crude oil and natural gas producer Wintershall won the bidding process for two blocks in the promising Malvinas Basin off the coast of Tierra del Fuego as part of the “Costa Afuera” licensing…
Peru Suspends Natural Gas Exports, Imposes Fuel Rationing
Peru has suspended exports of natural gas and will impose fuel rationing due to technical issues at Argentine energy company Pluspetrol's operations in the country, it said on Thursday.Peru, one of South America's largest producers of natural gas…
Peru Resumes LNG Exports after Pipeline Rupture
Peru has exported its first shipment of liquefied natural gas (LNG) in three weeks after a pipeline rupture in the jungle disrupted production, the state energy agency Perupetro said on Tuesday. The ship Barcelona…
Sinopec to Sell Argentina Oil Assets for up to $600 Mln
China's Sinopec has decided to sell its oil assets in Argentina for $500 million to $600 million to Mexican company Vista Oil & Gas, a source with knowledge of the deal told Reuters on Tuesday. Sinopec informed Vista Oil & Gas of its decision on Monday…
Shell Receives Bids For Downstream Assets in Argentina
Royal Dutch Shell last week received bids for its downstream assets in Argentina, where the Anglo-Dutch super-major intends to focus on shale development. The company declined to name which firms were looking…
Peru Workers Plan Strike That Could Disrupt LNG Exports
Natural gas workers in Peru plan to hold an indefinite strike starting Dec. 29 that would disrupt production of the widely-used fuel as well as Royal Dutch Shell Plc's liquefied natural gas exports, the union SUTRAPPEC said Thursday.
Multinational Firms Flee Venezuela
Multinational companies are selling their Venezuelan operations at hefty discounts - or even giving them away - as they to seek to escape the OPEC nation's soaring inflation and chronic supply shortages. Six firms…
Pluspetrol, Partners Offer 3 Natural Gasoline Cargoes
Argentina's oil firm Pluspetrol and partners in Peru have launched a tender to sell three 300,000 barrel cargoes of natural gasoline for delivery from Oct. 14 to Nov. 6 at Pisco port, according to a document seen by Reuters on Tuesday.
Protests Expand in Peru's Oil-producing Amazon Region
Demonstrators in the Peruvian Amazon barricaded streets, hurled stones at local businesses and burned at least one vehicle to protest the government's decision to award a Canadian company a license to tap the country's largest oil block.
Petroperu saw more risk, less profit in large oil block
Peru's state-owned energy company Petroperu opted not to take a stake in the country's biggest oil block as expected because the short-term contract signed this week would mean more risk and less profit, the firm said Friday.
Peru Gives Canadian Firm 2-year Contract for Biggest Oil Block
Peru will give Pacific Exploration and Production Corporation a two-year service contract for developing the country's biggest oil block, state regulator Perupetro said Friday. The Canadian company, which changed…
Peru Delays Bids for Country's Most Productive Oil Block
Peru will delay bidding for the rights to develop the country's largest oil block, which is located in the Amazon jungle, at the request of three companies involved in the process, the government said on Monday. Bidding could restart within two weeks.
Peruvian Regulator in Dispute with Shell over LNG Royalties
PeruPetro is in dispute with Anglo-Dutch oil firm Shell over royalties related to the export of seven Peruvian liquefied natural gas (LNG) cargoes last year, the regulator said, adding it hoped to reach a deal soon or would resort to arbitration.
Peru Opens Bidding for Largest Oil Bblock
Peru on Thursday opened bidding for rights to develop the country's largest oil block from mid 2015, the country's energy regulator Perupetro said. The licence is currently held by Pluspetrol. The regulator said it would announce the winning bid on July 15.
PDVSA Wants Harvest Out, With Conditions
Venezuela would prefer oil company Harvest Natural Resources Inc to leave the OPEC nation, but wants it to sell a project stake to a company with financial muscle to make major investments, state oil company PDVSA said.
Peru Natural Gas Workers Plan Strike
Natural gas workers in Peru plan to start a six-day strike on December 27 to push for better wages and other benefits after talks with Argentine energy company Pluspetrol broke down, the union SUTRAPPEC said on Tuesday.
Rebels Delay Finish of Peru Natgas Pipeline Expansion
The expansion of Peru's main natural gas pipeline has been delayed by nearly a year because of threats posed by insurgents and is now set to wrap up in the first quarter of 2016, the pipeline operator said on Tuesday.
Natural Gas Workers in Peru May Strike
Natural gas workers in Peru, South America's biggest exporter of liquefied natural gas, said on Friday they had pulled out of wage talks with Argentine energy company Pluspetrol and would vote on a possible strike in a few weeks.
