The drop in oil demand by refiners at local level and the exports limited to a minimum at global level due to the coronavirus pandemic, pushed storage capacity to the limit in the producing provinces
The British giant said it slumped into a u$s4.4-billion net loss in the first quarter as the coronavirus pandemic crushed demand for oil. "Our industry has been hit by supply and demand shocks on a scale never seen before," BP's CEO stated
A meeting of top OPEC+ ministers has kept oil output policy unchanged including a plan to start raising output from December, while also emphasizing the need for some members to make further cuts to compensate for overproduction
The purchases are part of an effort to replenish stockpiles after President Joe Biden ordered the largest ever sale from the reserve in 2022 of 180 million barrels in an effort to control fuel prices
Bolivia's natural gas exports to Argentina will come to an end this month, following local media reports indicating that the neighboring country's exports had been halted
The governments of Argentina and Brazil will sign a memorandum of understanding this year, outlining new rules for the integration of their natural gas networks, announced Argentina's Secretary of Energy, Eduardo Rodríguez Chirillo, in Rio de Janeiro
This offshore field, located 60 kilometers off the coast of Tierra del Fuego, has a production capacity of 10 million cubic meters per day, the equivalent of 70,000 barrels of oil per day
Petrobras opens new tab new multi-year strategic plan will have greater focus on upstream operations than the previous one, Chief Financial Officer Fernando Melgarejo said
The Argentine oil company YPF will complete the first stage of a pipeline that will connect the Vaca Muerta formation with Allen in Río Negro in the first quarter of 2025, with a capacity of 350,000 barrels of oil per day
