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Tag: Petroleum

Venezuela collects debt of US$ 500 million for supplying oil to Haiti

Venezuela collects debt of US$ 500 million for supplying oil to Haiti Venezuela collects debt of US$ 500 million for supplying oil to Haiti

The government of Venezuela reported this Friday that it collected a debt of US$ 500 million for the supply of oil to Haitiwithout clarifying when he sent these hydrocarbonsa the poorest nation in America or if the payment was made directly by this Caribbean country. In a statement, the Executive expressed its satisfaction with the […]

United States: Unconventional oil sector experiencing purchasing fever

United States: Unconventional oil sector experiencing purchasing fever United States: Unconventional oil sector experiencing purchasing fever

The sector of Petroleum shale, also known as unconventional, is experiencing a wave of company acquisitions in the United States, marking the beginning of a new era for the field. Now the large companies in the sector prefer to buy their competitors before exploring new deposits. In recent months alone, three acquisitions of unconventional oil […]

The IEA expects global oil demand to slow in 2024

The IEA expects global oil demand to slow in 2024 The IEA expects global oil demand to slow in 2024

The global demand for Petroleum will slow down this year, with a projected growth of 1.2 million barrels per day compared to the increase of 2.3 million in 2023, the International Energy Agency announced this Thursday. (IEA). Last year ended with an average demand of 101.8 million barrels per day and in 2024 it is […]

Petroperú with strategic partner for Lot 192

Petroperú with strategic partner for Lot 192 Petroperú with strategic partner for Lot 192

Almost a year after signing the license contract for the exploitation of Lot 192 between Perupetro and Petroperú, the Executive approved the modification of this commitment so that the state company transfers its majority participation in favor of Altamesa Energy Perú SAC In this way, the Canadian capital company will become the majority partner and […]

Lot 192: They approve that Petroperú transfer 61% of its participation in favor of Altamesa

Lot 192: They approve that Petroperú transfer 61% of its participation in favor of Altamesa Lot 192: They approve that Petroperú transfer 61% of its participation in favor of Altamesa

In this way, it is made official that the Canadian capital company will be the majority partner and will be responsible for the necessary investments to launch the country’s main production field. Petroperú will pay for its investments with its share of the production. Join the La República WhatsApp channel Price of the dollar today […]

Ecuador foresees 5,000 additional barrels of oil with new wells in the Amazon

Ecuador foresees 5,000 additional barrels of oil with new wells in the Amazon Ecuador foresees 5,000 additional barrels of oil with new wells in the Amazon

Ecuador foresees additional production of about 5,000 barrels of Petroleum additional per day until the end of 2024, thanks to the drilling of nine wells on a platform in the Amazon province of Orellana. The state company Petroecuador reported this Thursday that its technicians began drilling the first of those nine wells in the Sacha […]

TotalEnergies buys 50% of a gas operator in Malaysia for US$ 903 million

TotalEnergies buys 50% of a gas operator in Malaysia for US$ 903 million TotalEnergies buys 50% of a gas operator in Malaysia for US$ 903 million

TotalEnergies signed an agreement with the Austrian company OMV to buy, for US$ 903 million, a 50% stake in a subsidiary that produces gas in MalaysiaThe French company reported this Wednesday. The French oil giant explained in a statement that the US$903 million it will pay for SapuraOMV includes the assumption of a US$350 million […]

The US warns Maduro that he has until April to fulfill agreements with the opposition

The US warns Maduro that he has until April to fulfill agreements with the opposition The US warns Maduro that he has until April to fulfill agreements with the opposition

The White House this Monday warned the Government of Nicolas Maduro which has until April to comply with the agreements reached with the opposition before USA make decisions about sanctions. “We have options at our disposal. I’m not going to advance any of them at this time, but we certainly have options regarding sanctions and […]

The EU extends economic sanctions against Russia for six months over the war in Ukraine

The EU extends economic sanctions against Russia for six months over the war in Ukraine The EU extends economic sanctions against Russia for six months over the war in Ukraine

The European Union This Monday extended for six more months, until July 31, 2024, the economic sanctions that it has approved against Russia for the invasion of Ukraine. The twenty-seven began to adopt restrictive measures against Moscow since the annexation of Crimea in 2014, but intensified them after the large-scale invasion of Ukraine, on February […]

Venezuela and China evaluate cooperation opportunities in oil and gas matters

Venezuela and China evaluate cooperation opportunities in oil and gas matters Venezuela and China evaluate cooperation opportunities in oil and gas matters

authorities of Venezuela and China evaluated, in a meeting in Caracas, opportunities for cooperation in the oil and gas sectors, said the Venezuelan state company PDVSA. In oil cooperation between both nations”, in addition to evaluating “new opportunities for cooperation”. For his part, Tellechea indicated that, at the meeting, they reviewed the “positive evolution of […]

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