LatAmOil - Latin America Oil & Gas

20 January 2023

US-Venezuela relations appear to be shifting

19 January 2023

US-Venezuelan ties have moved in a positive direction since late December, and recent developments may signal additional progress.

ConocoPhillips reportedly open to exploring deal for selling Venezuelan crude oil in US

19 January 2023

ConocoPhillips is open to exploring a deal to sell Venezuelan oil in the US, sources familiar with the matter have confirmed.

Guyanese oil exports up 164% in 2022

19 January 2023

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.

Ecopetrol launches $2bn bond issue

19 January 2023

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.

WoodMac: Bolivia gas production could drop more than 70% by 2030

19 January 2023

Bolivia is on track to see natural gas production sink more than 70% by the end of the decade, according to Wood Mackenzie.

SENER documents show Pemex flared nearly $350mn of gas and condensate

19 January 2023

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 takes FID on Lapa South-West

19 January 2023

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.

IEA expects an inflection in oil markets in 2023 when demand will exceed supply

19 January 2023

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 considering bidding for additional assets offshore Guyana

18 January 2023

ExxonMobil Guyana is considering submitting bids for some of the 14 blocks included in Guyana’s offshore bidding round.

Trinidad and Tobago receives 16 bids for 8 onshore, near-shore blocks

17 January 2023

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.

Whiptail named as target for sixth development project at Stabroek

17 January 2023

ExxonMobil Guyana has named the Whiptail oilfield as the main target of its sixth development project at the Stabroek block.

LatAmOil: Security threat leads Petrobras to ramps up security at refineries

16 January 2023

Brazil’s state-owned Petrobras ramped up security measures at refineries after learning of threats against its assets, company sources said on January 8.

Expansion agenda at Stabroek

12 January 2023

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.