TREND: Liberalization underway in Venezuela's oil sector
State oil company PDVSA owes over US$24bn to services companies, which are increasingly opting to negotiate directly with PDVSA's joint-venture partners, an expert tells BNamericas.
State oil company PDVSA owes over US$24bn to services companies, which are increasingly opting to negotiate directly with PDVSA's joint-venture partners, an expert tells BNamericas.
BNamericas rounds up the week's oil and gas news from across the region.
The Spanish major plans to increase output at block 57.
The announcement paves the way for a Petrobras-led consortium to begin production at the vast deepwater field.
A spate of recent discoveries and higher production have sparked hopes that Brazil's E&P segment is rebounding from a three-year slump.
The natural gas-fired plant would add 450MW to the country's power generation park.
Three marines and two suspected fuel thieves died in a gun battle in the Mexican state of Puebla on Friday.
The government seeks to reduce its budget deficit, as collections have been suffering.
The Biobío environmental evaluation service has already recommended approval of the US$160mn Talcahuano LNG regasification terminal, despite local opposition.
Round 2.4 will involve 30 contract areas in four basins, with winning bids to be announced at the end of January.