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  • PetroRio requests Polvo royalty cuts

    10/17/17
    Independent Brazilian oil producer PetroRio has requested a reduction in royalty payments as part of plans to raise production at the offshore Polvo field. In a securities filing, PetroRio said it asked regulator ANP to cut...

  • Spectrum begins Brazil 2D survey

    10/16/17
    Oil and gas data firm Spectrum has begun a multi-client survey in areas earmarked for Brazil's 15th licensing round next year. The 6,000km 2D campaign covers the Ceará basin, part of the Equatorial Margin off the country's north...

  • Peru inks deal for gas pipeline assets

    10/12/17
    Peru's energy and mines ministry signed a contract with concessionaire Gasoducto Sur Peruano (GSP), whose contract for the southern natural gas pipeline was revoked in January, whereby GSP will return the project assets to the state. ...

  • PDVSA completes refinery upgrade

    10/12/17
    Venezuela's state oil firm PDVSA has completed upgrade works at the Puerto La Cruz refinery (pictured) in Anzoátegui state, which will increase the average output of the facility to 170,000b/d. PDVSA president Nelson Martínez...

  • Mexican oil output expected to rise in Q4

    10/11/17
    The decline in Mexico's oil output over recent months is partly due to temporary factors and production is expected to recover toward the end of this year, with 2018 production higher than this year, according to a report by UK-based...

  • South America upstream watch

    10/11/17
    Colombia's Ecopetrol and the industry and services center of the country's national training service SENA opened what has been branded as Latin America's first public drilling school (pictured), on the Villavicencio-Puerto López route ...

  • Sproule enters Mexico energy market

    10/10/17
    Sproule, a global energy consulting firm, is entering the Mexico oil and gas market by offering local business development support through an association with Marcos y Asociados. The partnership with Marcos y Asociados...