Perupetro will initiate the transfer of Lot X de Talara —which occupies 70% of the oil production in the northwest— in the third quarter of 2023, as confirmed by the president of the state agency, Isabel Tafur, in dialogue with La República. According to the new approach of Perupetro, the contract must be designed so […]
Tag: Petroleum
Isabel Tafur Marín: “Petroperú qualifies the Talara lots with the current regulations”
The agency promoting investment in the hydrocarbons subsector proposes a resurgence of the country’s oil production, among which is considered Block 8, Block 192 and blocks of talarawhere Petroperú does qualify and could enter as an operator, clarifies Isabel Tafur, head of Perupetro. —What was the competition factor for the best proposal to be considered […]
Return of Petroperú to Talara more than covers the external debt
A recent investigation by La República revealed that the EBITDA (earnings before interest, taxes, depreciation and amortization) that Petroperú would generate annually with its income, partial or total, to lots I, VI, Z-2B and X of Talara, would exceed US$135 million on deposits that represent a going concern with low risk. In addition to a […]
Saudi Arabia marks the step in OPEC+ with additional cut in its crude production
Saudi Arabia committed to new production cuts oil, marking the pace of the meeting of the alliance of oil exporting countries OPEC+ meeting this Sunday in Vienna to work out a strategy to boost prices, badly hurt by fears of a recession. The meeting of the thirteen members of the Organization of the Petroleum Exporting […]
Tough debate in OPEC+ on whether to further cut oil production to support prices
Alliance Ministers OPEC+ engaged in tough negotiations this Sunday in Vienna to stop the fall of the oil pricesand the possibility of a new production cut. The thirteen members of the Organization of the Petroleum Exporting Countries (OPEC), led by Saudi Arabia and which includes Venezuela, and the group of its ten partners, led by […]
OPEC reiterates the need to promote investment in the world oil industry
The Secretary General of the Organization of the Petroleum Exporting Countries (OPEC), Haitham Al-Ghais, reiterated, in an interview broadcast this Saturday by the state channel Venezuela (VTV), the need to promote investment in the industry, in the face of a foreseeable increase in energy demand. “The world industry requires 12.1 trillion dollars from now until […]
Oil gains positions above US$72 per barrel before the US debt ceiling.
In the event of default, US demand would plummet, which would translate into a drop in oil prices. API data will be known in the next few hours. SAT will auction nearly 700 vehicles: when, where and how to participate? Price of the dollar today in Peru: what is the exchange rate for this May […]
Fitch: Talara refinery would solve Petroperú’s cash flow problem
Fitch Ratings projected that Petroperú could overcome its cash flow problems with the operation of the New Talara Refinery (NRT). In this way, the agency noted, the state company could avoid the need for a second year of government support if its New Talara Refinery significantly increases the company’s cash flows. The NRT would be […]
Exxon focuses on lithium extraction and bets on the rise of electric vehicles
The newspaper The Wall Street Journal (WSJ) announced that Exxon Mobilethe largest US oil company, is focused on extracting lithium – a key ingredient in batteries for electric cars, cell phones and laptop computers – thus preparing for a future less dependent on gasoline. The oil giant, based in Texas, recently bought the drilling rights […]
Venezuela faces “serious problems” in gas supply, says Nicolás Maduro
Venezuela faces “serious problems” in the supply of gas, the president said this Friday Nicolas Madurowho ordered the Minister of Oil and president of the state oil company PDVSA, Rafael Tellechea, to solve, in the next three months, the failures in this service, which mainly affect seven of the 23 states of the country. “We […]