This Thursday, September 14, the oil prices reached their highest point of the entire year, iDriven by tighter supply prospects, which prevailed over concerns related to weaker economic growth and rising U.S. crude oil inventories, according to Reuters. At 11:24 a.m. (CET) (15:24 GMT), the price of the Brent oil registered an increase of US$1.74, […]
Tag: Petroleum
Confiep asks to extend Talara contracts for three more years
Guilds that bring together some of the most powerful companies in the country requested this Wednesday the reprivatization of lots VI and Z-69 of Talara, whose contracts are about to expire, for a period of at least three years, in order to start a new process carried out by Perupetro that includes them. In a […]
Petroperú will publish this month a plan to optimize its directory
Petroperú finalizes details to strengthen its corporate governance and allow the entry of more independent directors to its board, whose appointment would no longer be resolved by the General Meeting of Shareholders (AGM), with a view to carrying out its first public offering of shares in the next two or three years. Through DU 023-2022, […]
Tax revenues would fall 6.3% in 2023, predicts the MEF
The Government’s tax revenue at the end of 2023 would amount to S/206,492 million, which would imply a contraction of 6.3% in real terms compared to the previous year, according to the projections of the Ministry of Economy and Finance (MEF) in its Macroeconomic Framework Multiannual 2024-2027. This drop will occur despite the fact that […]
Pedro Chira: “There is a whole machinery to attack Petroperú in decisive moments”
Petroperú has preliminarily requested new contributions for S/5,573 million and the capitalization of its debt for US$750 million. Pedro Chira, president of the board of directors of the state company, clarifies that they seek to be honest with their accounts with the Government at the beginning of a new stage with their return to Talara, […]
Oil price rises on expectation of production cuts in OPEC+
The oil prices they went up on monday Given the expectations that the OPEC+ would keep supplies tight and speculation that the US Federal Reserve will end its aggressive interest rate hike campaign. crude oil futures Brent for November they rose 33 cents to US$88.88 a barrel at 11:33 am (15:33 GMT). While US West […]
Eni and Repsol plan to improve oil agreement for debt with Venezuela
European companies Eni and Repsol plan to extend an agreement Petroleum for debt with Venezuela under the approval of the United States, with the objective of supplying refined products to the state company PDVSA and boost oil shipments to Europe, according to three people familiar with the matter. When US sanctions cut off the flow […]
Exxon predicts that global warming will exceed the 2C° limit by 2050
consumption of Petroleum and natural gas will cover more than half of the world’s energy needs by 2050, or 54%, Exxon Mobil estimated Monday, implying that the world will miss the target of limiting the global rise in temperatures to less than 2C. The largest US oil producer projects the world will reach 25 billion […]
Petroecuador will abide by the plebiscite that orders to stop oil exploitation in the Amazon
state company Petroecuador announced this Monday that it will abide by the historic victory achieved by environmental groups in the national referendum held on Sunday to stop the exploitation of Block 43-ITT, an important oil field for the country, located in the Yasuní National Park, considered the heart of the amazon ecuadorian In a statement, […]
Ecuador votes to suspend oil extraction in a part of the Amazon
Ecuadorians voted to suspend part of the oil extraction in an Amazon reserve, according to the results of a historic referendum on Sunday that is considered a world example of the climate debate. The Yes to leave the crude underground only in the emblematic block 43 within the great Yasuní reserve obtained the support of […]