During 2020, Latin American oil and gas companies' profitability is expected to decline to one third of 2019 levels, while cash flow is expected to remain under pressure through 2021 as recovery will likely be protracted, according to a new Fitch Ratings report.

Apache Corporation (NYSE, NASDAQ: APA) and Total S.A. (NYSE: TOT) today announced a significant oil discovery at the Maka Central-1 well drilled offshore Suriname on Block 58. The well was drilled using the drillship Noble Sam Croft with Apache as operator holding a 50% working ...

“We don't how long the prices will remain this competitive, but at the moment, it's very much a tenant's market," says Jean-Paul de Meillac of Terra Caribbean.