Tag Archives: Central America

Argentina’s government in the meantime has been putting a lot of efforts into accelerating the exploitation of the country’s oil resources.

Venezuela lost the top spot to Brazil amid triple-digit inflation. unpaid debts to oil-service companies and lack of investment.

Mexico is the world’s 12th-largest oil producer. and has some of the world’s best renewable energy resources.

Schlumberger has about $700 million at risk. including receivables and a promissory note for past work.

Output is falling. cash is drying up and oil workers have fled the country because of food shortages and violence.

Total also has interests in four exploration blocks it was awarded in auctions last year. two of which it operates.

Halliburton said last year that it began scaling back operations in Venezuela as a result of delayed payments.

Iran’s Oil Minister Bijan Zanganeh told Reuters at the event that there is ``no objection`` to the proposal for deeper cuts.

PDVSA owes some US$3.5 billion to the U.S. in the next five or six weeks. according to Platts.

Latin America'.s active drilling rig count stood at 190 in May. further proof of the upward trend in E&.P investment.