Industry Developments

The outbreak of general strikes in Colombia in late November, caused by the collapse of a financial pyramid scheme, has led to an 80% loss of production in the fields operated by... 2009-01-07

Mexico's state-controlled Petróleos Mexicanos (Pemex) has awarded MXN2bn (US$148mn) worth of construction contracts at the Chicontepec field development project.

A joint venture (JV) between India's OMEL Energy Trinidad & Tobago and Trinidad & Tobago's (T&T) Petrotrin has been awarded a production sharing contract (PSC) to... 2008-12-31

According to data released by Mexico's state-owned oil company Petróleos Mexicanos (Pemex), crude output in November fell to its lowest level since November 1995. Production averaged... 2008-12-24

Brazilian state-controlled oil company Petróleo Brasileiro (Petrobras) announced on December 22 that it would delay the release of its medium-term business plan as it evaluates... 2008-12-23

Brazil's hydrocarbon regulator, the Agência Nacional do Petróleo (ANP), has announced the results of the country's 10th licensing round, awarding 54 of the 130 oil and gas exploration... 2008-12-22

Colombian state-controlled oil company Ecopetrol has announced a 35% increase in capital expenditure (capex) in 2009, bucking the trend among producers and paving the way for output... 2008-12-19

Environmental groups have filed a lawsuit to block the US Bureau of Land Management's (BLM) scheduled oil and gas licensing auction in Utah.

Mexican state-controlled oil company Petróleos Mexicanos (Pemex) is hoping to attract bids from drilling contractors for 500 new development wells on the Chicontepec field. Pemex... 2008-12-17

Norwegian independent Norse Energy has confirmed an oil discovery at Block BM-CAL-5 in the Camamu-Almada Basin, around 17km off the southern coast of Bahia State in Brazil. The Oslo-based... 2008-12-11