LatAmOil - Latin America Oil & Gas
Guyana and Venezuela offer two different examples of responses to T&T's offer to use existing oil and gas infrastructure.
First LNG from a floating LNG production unit offshore Altamira, Mexico should be achieved in July, management at New Fortress Energy revealed on February 28. The first of two “Fast LNG” (FLNG) liquefiers is about 80% finished.
Mexico’s national oil company Pemex has failed to uphold its commitment to stop flaring at Ixachi, one of the country’s major natural gas fields, by mid-January of 2023.
Brazil’s government will re-introduce federal taxes on motor fuels this year in several stages, using a new formula that will raise BRL28.8bn ($5.51bn) in budget revenues.
Petroecuador reported on February 27 that it expected to wrap up repair work on the Trans-Ecuadorian Oil Pipeline System (SOTE), one of the country’s main crude transportation networks, the following day.
Seacrest Petróleo, a Brazilian independent, has successfully raised $260mn via an initial public offering (IPO) on the Oslo Stock Exchange in Norway.
Guyana’s first competitive bidding round has attracted considerable attention, with more than 20 international oil companies (IOCs) expressing interest in the 14 blocks on offer.
SBM Offshore still expects to deliver FPSO vessels for a number of South American projects on schedule despite disruptions to its schedule.
Venezuela’s oil output has risen since the US government began easing trade sanctions late last year, but it may not be able to go much higher due to logistical and structural constraints on output capacity.
Mexico’s national oil company Pemex is reportedly in negotiations with Goldman Sachs Group and JPMorgan Chase over financing deals worth a combined $1bn.
Brazil’s Petrobras set a record in carbon dioxide capture, use and geological storage in 2022, reaching a volume of 10.6mn tonnes per year re-injected, equivalent to 5.8bn cubic metres of CO2.