Latin America oil and natural gas companies will cut close to $8.3 billion in capital expenditures (capex) in 2020, or about 30% from original guidance for the year, according to Moody’s Investors Service. Brazilian national oil firm Petróleo Brasileiro SA, or Petrobras, Colombian state firm Ecopetrol SA and Mexico’s national oil company Petroleos Mexicanos (Pemex)…
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NGI The Weekly Gas Market Report
Latin American LNG Intake Drops; Covid-19 Impact Unclear
Latin American liquefied natural gas (LNG) imports have dropped significantly since March from the same period last year, but it is unclear to what extent the Covid-19 pandemic has contributed to the decline.
June 12, 2020
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