The Colombian fuel distributor says it has received offers for Combustibles Ecológicos Mexicanos.
As oil prices recover, LNG prices are expected to remain flat, making gas-fired power generation relatively cheaper, which will incentivize the shift to that fuel in Latin America, according to Wood Mackenzie researcher Ricardo González.
The Canadian miner on Monday asked a US district court for an order to attach shares in Delaware-based PDV Holding, a subsidiary of the Venezuelan state oil company.
The Brazilian petrochemical firm also reported a Q2 profit of 1.1bn reais (US$348mn), up from 275mn reais a year earlier.
The supply tender will cover Codelco's seven mines across northern and central Chile.
The former CEO of the Mexican state oil firm has been accused of receiving US$10mn in kickbacks from the Brazilian construction company.
Colombia's state oil company is stepping up offshore drilling and has outlined plans to tap unconventional fields in a bid to boost its dwindling reserves. The Bogotá-based firm is also looking beyond Colombia's borders, with burgeoning offshore investments in Mexico, the US and Brazil.
In a report by Wood Mackenzie and GTM Research, electric cars are seen displacing around 6.5M/b of oil demand, offsetting growth from other sectors such as petrochemicals.