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  • PetroRio eager to widen asset breadth

    3/28/17
    Brazil's PetroRio is eyeing new acquisitions after concluding its takeover of local junior Brasoil, the Rio de Janeiro-based oil producer said in a quarterly earnings presentation. The announcement came as the company formerly...

  • Sherritt's Cuba drilling disappoints

    3/28/17
    Sherritt International announced preliminary results for offshore exploration well LT-100 in Cuba's block 10, where the Canadian company has a production-sharing contract. Reprocessing of existing 3D seismic data for block 10,...

  • Petrobras extends term of CEO Parente

    3/27/17
    The board of Brazil's state-run oil producer Petrobras has voted to extend the tenure of CEO Pedro Parente (pictured) for another two years, the company said on Monday. The announcement follows a review process involving the...

  • Peru hydrocarbons growth forecast dips

    3/27/17
    Peru's central bank has lowered its hydrocarbons sector growth projection for this year and next to 6.8% and 6.4%, respectively, from 7.1% and 6.6% in December. The monetary authority's latest inflation report reiterates, however,...