Peru targets Marañón basin reserves
Consultant will determine financial feasibility of investment program to transport crude through the Norperuano pipeline.
Consultant will determine financial feasibility of investment program to transport crude through the Norperuano pipeline.
Hydrocarbons commission CNH approved CNOOC's exploration plan for Area 4 in the Perdido Fold Belt.
Slumps in production and revenue declines in the Canadian company's Cuba operations resulted mainly from the expiration of a production sharing agreement and natural reservoir declines.
The 120,000b/d Liza phase one is on track for first oil by 2020.
New players will come into Brazil's downstream business and create competition and possibly also changes in the country's commercial policies, according to a Petrobras executive.
The aim is to boost production, bringing in new short-term investments.
Oil prices are projected to average US$65/b in 2018, up from US$53/b last year, as sinking production in Venezuela contributes to a global supply squeeze, according to a new World Bank report.
Colombians will choose a successor to President Juan Manuel Santos on May 27, with a runoff vote scheduled for June 17.
The companies submitted 12 bids for the oil areas that Argentina's Mendoza province is tendering.
The fourth production-sharing bidding round will offer four blocks in the deep waters of the Santos and Campos basins.