LatAmOil - Latin America Oil & Gas
Pemex reportedly looking to pay off debts with its own funds rather than turning to investors
Mexico’s national oil company Pemex is looking to pay off its debts using its own funds instead of turning to investors, two sources familiar with the matter confirmed.
Karoon Energy to drill second control well at Neon field offshore Brazil
Australia’s Karoon Energy will drill a second control well, Neon-2, at the Neon discovery in the Santos basin after achieving positive preliminary results at its first control well, Neon-1.
Filling in the empty spaces at Stabroek
As Guyana’s government makes plans to reclaim 20% of the country’s only producing block, ExxonMobil looks into using the isolated Ranger oilfield as the basis for a new development project.
Head of VEHSI talks up benefits of Guyana’s new offshore oil and gas service base
Vreed-en-Hoop Shore Base Inc. (VEHSI), a joint venture established by Guyanese and Belgian investors, expects the service base it is building to reduce the cost of delivering supplies for offshore oil projects by 12%.
Challenger Energy set to wrap up first-phase work programme at AREA OFF-1 in Q2 2023
AIM-listed Challenger Energy is on track to wrap up its work programme for the first four-year period of its exploration licence for the AREA OFF-1 block offshore Uruguay during the second quarter of 2023.
Maxar to provide satellite monitoring services to prevent oil spills offshore Guyana
US-based Maxar Technologies has signed a three-year deal with Guyana’s Ministry of Natural Resources (MNR) for remote monitoring services to limit the negative environmental impact of offshore oil projects.
Guyana’s government talks up financial advantages of GTE payment deal
Guyana’s government has indicated that it sees the agreement that it has struck with ExxonMobil on covering the costs of the Gas-to-Energy (GTE) project as very advantageous.
Oil sector expected to trigger 25% economic growth in Guyana for the next three to four years
Guyana’s Finance Minister Ashni Singh stated on February 16 that his government expects national economic growth to average at least 25% over the next three to four years.
Chevron to deliver eight cargoes of Venezuelan oil to US this month
The US major Chevron is on track to send eight cargoes of Venezuelan crude oil to the US in February, with delivery volumes averaging more than 100,000 barrels per day.
Argentina’s National Congress delays debate of LNG bill
Argentina’s National Congress will debate a draft law designed to encourage investment in natural gas and LNG projects in March, a source in the country’s Energy Secretariat told Reuters.
Fossil fuel consumption subsidies in 2022 were at record high of $1 trillion
According to the International Energy Agency, worldwide subsidies for fossil fuel consumption increased dramatically in 2022, surpassing $1 trillion for the first time.
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