LatAmOil - Latin America Oil & Gas
US-Venezuelan ties have moved in a positive direction since late December, and recent developments may signal additional progress.
ConocoPhillips is open to exploring a deal to sell Venezuelan oil in the US, sources familiar with the matter have confirmed.
The volume of crude oil exported from Guyana shot up by 164% in 2022, driven by growing output and surging deliveries to European customers following the Russian invasion of Ukraine.
Colombia’s national oil company Ecopetrol has paid a premium to return to the global bond market for the first time since the fourth quarter of 2021.
Bolivia is on track to see natural gas production sink more than 70% by the end of the decade, according to Wood Mackenzie.
Mexico's Pemex illegally flared nearly $350mn worth of hydrocarbons while developing the Ixachi and Quesqui natural gas fields in the three-year period ending in August 2022.
TotalEnergies (France) has taken a final investment decision on Lapa South-West, a development project targeting a section of the Lapa oilfield within the BM-S-9 offshore block in the Santos basin.
The International Energy Agency reports that oil demand this year will grow by 1.9mn bpd, to a record 101.7mn bpd, and supply by 1mn bpd, to 101.1mn bpd, in its first monthly report for 2023 released on January 18.
ExxonMobil Guyana is considering submitting bids for some of the 14 blocks included in Guyana’s offshore bidding round.
Trinidad and Tobago’s Ministry of Energy and Energy Industries (MEEI) has received bids for eight of the 11 blocks included in the onshore and near-shore bidding round launched last year.
ExxonMobil Guyana has named the Whiptail oilfield as the main target of its sixth development project at the Stabroek block.
Brazil’s state-owned Petrobras ramped up security measures at refineries after learning of threats against its assets, company sources said on January 8.
ExxonMobil will move closer to making an FID on the Uaru project in Guyana this year and could make headway on its sixth and seventh development projects.