Venezuela says it has signed a deal to export natural gas from the offshore Dragon field to its Caribbean neighbor.
Local refiners will pay US$55/b and US$47/b for the Medanito and Escalante crude oil benchmarks, respectively, during the second half of the year, barring a severe drop in Brent pricing or depreciation of the Argentine peso.
Junior says that 1P and 2P reserves at the Puesto Guardian license have risen 9% and 10%, respectively, after a new independent certification.
The two countries sign MOUs as the UK's ambassador to Mexico says the nations are 'two natural partners with a great potential for development.'
A Sinopec-led consortium has reportedly agreed to financial terms, which include assuming an US$11mn debt owed to suppliers.
In its latest oil market report, IEA warned that falling OPEC production pointed to a market deficit in the first half of 2017.