LatAmOil - Latin America Oil & Gas
ExxonMobil has recently awarded two “substantial” contracts for the Gas-to-Energy project, and Guyana’s government has issued two RFPs for project management services.
Spanish energy and petrochemical company Repsol is exploring a “new dynamic” for its business in Venezuela, the company’s CEO Josu Jon Imaz announced last week.
ExxonMobil (US) has begun front-end engineering and design work for the Uaru oilfield, its fifth development target at the Stabroek block offshore Guyana, according to John Hess, the CEO of Hess.
Brazil’s National Agency of Petroleum, Natural Gas and Biofuels (ANP) said earlier this week that it had agreed to extend the first exploration period of four offshore blocks assigned to ExxonMobil (US).
Perenco (UK/France) has stepped up its efforts to collect a settlement of at least $374.3mn related to a decade-old lawsuit over profit-sharing from the government of Ecuador.
Brazil’s national oil company Petrobras says foreign investors have been showing more interest in three refineries that were put back on the market for a second time in late June.
Pemex says it is prepared to invest heavily in the development of Zama, a large oilfield offshore Tabasco State, if Talos Energy, the US-based firm that first found it, accepts the Mexican government’s decision to transfer operatorship.
Tullow Oil (UK/Ireland) is reportedly moving closer to submitting its exploration drilling programme for the Orinduik offshore block to the government of Guyana, according to UK-based Eco (Atlantic) Oil & Gas.
The government of India has authorised Bharat Petroleum Corp. Ltd (BPCL) to invest another $1.6bn in BM-SEAL-11, a deepwater Brazilian oil block.
Brazil’s national oil company Petrobras and its Colombian counterpart Ecopetrol have discovered natural gas in Uchuva-1, an exploration well drilled at the Tayrona block offshore Colombia.
US-based ExxonMobil has made two finds at the Stabroek block offshore Guyana, bringing the total number of discoveries made at the licence area this year up to seven.
The head of Nigeria’s NNPC Ltd is touting his company’s plans to distance itself from government policy on domestic petroleum product pricing, while Petrobras continues to set fuel prices and incur the state’s wrath.
Brazil’s national oil company Petrobras has awarded a four-year contract to Luxembourg’s Tenaris for the provision of products and services that will be used for the Búzios deepwater project.
Research by Rystad Energy indicates that Guyana’s oil revenues are likely to exceed the $1bn mark this year and could surge to $7.5bn per year by 2030.
AIM-listed Echo Energy and Argentina's Roch have signed a long-term contract for the provision of gas-fired generators that will be used at their fields in the Austral basin.