Brought to you by Quest Offshore & Southern Cone Consultants
Jan. 20 (oilprice.com) A three-day strike at Peru’s state oil company began Monday as workers protested government plans to open the company to private investment, a move that comes as Petroperu also weighs bringing in outside management for its debt-laden Talara refinery. Workers at state-owned Petroperu launched the strike in opposition to what unions describe... Continue Reading →
Jan. 2 (Reuters) - Peru issued an emergency decree late Wednesday approving the reorganization of state-owned oil firm Petroperu, allowing private investment in key company assets. The decree signed by Peru's President José Jerí says the company could be separated into one or more asset blocks, including the state-of-the-art Talara refinery that the company spent... Continue Reading →
Nov. 7 (oilprice.com) Oil production from offshore Brazil, Guyana and Suriname, as well as Argentina’s Vaca Muerta shale is well-positioned to supply cost-competitive barrels until 2030. Global oil demand is expected to remain robust throughout the 2030s, putting pressure on currently producing assets to keep pace. Rystad Energy’s research forecasts global liquids demand to peak... Continue Reading →
Nov 3 (Reuters) - Peruvian oil firm Upland Oil and Gas said on Monday it would ask the South American nation's regulator to review its application to operate in Block 192, once Peru's largest Amazon oilfield, after it was disqualified days earlier. State agency Perupetro disqualified Upland, which operates other reserves in the country's Amazon... Continue Reading →
Sept. 22 (offshore-energy.biz) As three oil and gas players — Chevron, Anadarko, and Westlawn — have forged a consortium to pursue hydrocarbon exploration off the coast of Peru, the results of a previously undertaken 3D marine seismic survey are the first item on their agenda, followed by a drill-or-drop decision. The trio’s formalization of their... Continue Reading →
Aug 8 (Reuters) - Hopes among foreign energy companies that Colombia's coast could serve as a key source of oil and gas for the future are being dashed as many exploration projects lag expectations, with unwelcomed regulation further deflating optimism. The disappointing finds and regulatory roadblocks are pushing some energy firms to abandon the Andean nation for... Continue Reading →
China began implementing a trial policy that unilaterally grants visa-free entry to citizens of Brazil, Argentina, Chile, Peru and Uruguay. It is the first time that China has extended such access to nations in Latin America and the Caribbean. Under the policy, which will remain in effect through May 31, 2026, holders of ordinary passports... Continue Reading →
(globaltimes.cn) Peru's minister of economy and finance emphasized the importance of coordinating and planning a meeting between the governments of Brazil and Peru, along with the Chinese delegation to advance a cross-continental railroad connecting Peru's Pacific coast with Brazil's Atlantic coast, Peru's Ministry of Economy and Finance posted on social media platform X on Tuesday.... Continue Reading →
(Reuters) - Peru's niche Bretaña crude oil is gaining popularity in the United States, with the first cargo discharging in the U.S. Gulf Coast this month as U.S. refiners seek alternatives for declining Mexican heavy crude. Bretaña, a rare heavy sweet crude with minimal metals, is produced in the Peruvian side of the Amazon rainforest.... Continue Reading →
(Reuters) - Peru's indebted state-run oil firm PetroPeru could consider offering a minority stake to private investors in the second half of 2025, when the company hopes to emerge from a crisis and post profits, Chairman Alejandro Narvaez told Reuters on Wednesday. At an interview in his office in Lima, Narvaez said the offering would only start... Continue Reading →
Brazil Energy Insight 