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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.

In a new report, Fitch Ratings said that it expects a combined $202 million USD in debt due this year and owed by Avianca, Odebrecht and Digicel will not be repaid by the issuers.

ARPEL recently launched the white paper “Systemic Approach to Improve Recovery Factors of Oil Resources,” which aims to share with various stakeholders options to improve the recovery factors of mature oil reservoirs in a systemic way. In particular, an evaluation was...