The state oil company Petroecuador announced this Friday that it suspended a contracting process to provide specific services aimed at the reactivation of oil extraction wells that have been closed in the country’s Amazon region. The public company recalled that last year it had begun a contracting process for specific integrated services under private financing […]
Tag: Petroleum
Crude oil rises but registers weekly loss due to economic uncertainty
The prices of Petroleum rose on Friday on strong economic data from the Euro zone and Great Britain, but ended the week with a drop weighed down by the economic uncertainty and the expectations of increases in interest rates. Brent futures for June delivery rose 56 cents to $81.66 a barrel. West Texas Intermediate (WTI) […]
How did Japan’s plans to create a “hydrogen society” fail?
At the time it was presented as the miraculous solution to the energy problems of Japan: create one “society of hydrogen” drastically increasing the use of this fuel in homes, vehicles and industry. But Japan’s plan to expand the hydrogen market and cut greenhouse gas emissions has faced delays and criticism. Coinciding with the meeting […]
Lots de Talara: Why does Peru buy its own oil at international prices?
Despite having the northwest lots just around the corner, a few kilometers away, the New Talara Refinery (NRT) of Petroperu it buys the oil, which it later converts into fuel for the Peruvian market, at international prices. Why does this happen? Aurelio Ochoa Alencastre, former president of Perúpetro, explains that, according to the Organic Hydrocarbons […]
Altamesa will be a partner of Petroperú in Block 192
Petroperú’s board of directors agreed, during the last session on Wednesday, April 5, to send a “notification to Perupetro“in which it will request that the qualification of Altamesa Energy Canada Inc. begin in order to achieve the incorporation of the latter as a strategic partner to the License Agreement for the exploitation of Hydrocarbons in […]
More than 90% of taps in the capital have already adapted to the fuel reduction
This month ends the period granted by the Ministry of Energy and Mines (Minem) for all taps in Peru to adapt their retail offer to the sale of only two gasoholes and gasoline, Premium and Regular, after the wholesale sale ended in February. As recalled, the standard implemented years ago to reduce the number of […]
Mergers and acquisitions of companies in Argentina grew in 2022
Argentina registered 91 mergers and acquisitions operations of companies last year, the highest number since 2018, for a volume calculated at 4,229 million dollars, according to a report released this Monday by the firm KPMG. This increase in operations in 2022 -23 more than in 2021- was due to a strong boost from mergers and […]
OPEC cuts world oil production and the barrel soars above US $ 80
The price of Petroleum Texas intermediate (WTI) shot up 6.01% at the opening of this Monday, up to US$80.22 a barrel, above the barrier of 80 dollars, after the OPEC+ alliance confirmed a cut of 1, 66 million barrels per day as of May. At 1:00 p.m. GMT (08:00 a.m. Peru time on Monday, March […]
Oil potential in the La Libertad sea would amount to 200,000 barrels per day, according to Anadarko
He Ministry of Energy and Mines (Minem) reported that the oil potential of lots Z-61, Z-62 Z 63, located in the Trujillo Basin, would amount to 200,000 barrels of oil per day (bpd), according to estimates by Anadarko, an Oxy subsidiary. These are prospective resources. In dialogue with the Energy and Mines Commission, the minister […]
Perupetro insists with partial reprivatization of Talara lots
In February, the Ministry of Energy and Mines (Minem) announced that 100% of the Talara oil blocks would be reverted to Petroperú. A month later, President Dina Boluarte ratified this decision in Piura and guaranteed the supply of crude oil to the New Talara Refinery (NRT) for the sake of a modern hydrocarbons industry. For […]