LatAmOil - Latin America Oil & Gas
Mexico’s government has paid Spain’s Iberdrola $6bn for 12 gas-fired TPPs and a wind farm.
Brazil’s Finance Minister Fernando Haddad has confirmed that the government’s newly introduced tax on crude oil exports is not a permanent policy but will instead be eliminated within four months.
China's COSCO Shipping Offshore Engineering marked the beginning of construction on the P-82 FPSO bound for the Santos basin pre-salt area offshore Brazil.
Brazil’s Ministry of Mines and Energy (MME) is in the process of developing a mechanism to make more natural gas available at lower prices.
Norway's PGS says in a new report that the deepwater sites included in Guyana’s ongoing offshore licensing round may host trends similar to the “Golden Lane” within the Stabroek block.
Petroecuador has started burning crude oil in 20 specially converted generating units in a bid to reduce its dependence on imported diesel fuel.
ExxonMobil has suspended its exploration efforts in Brazil’s deepwater acreage after drilling a third dry hole in that country’s offshore zone.
The International Court of Justice (ICJ) in The Hague has confirmed its jurisdiction over a long-standing border dispute between Guyana and Venezuela.
Suriname’s Staatsolie expects France’s TotalEnergies to make a final investment decision on the offshore licence area known as Block 58 before the end of 2024.
Brazil’s total hydrocarbon production climbed slightly to 4.183mn barrels of oil equivalent per day in February 2023, according to ANP data.
The global oil and gas industry managed to reduce gas flaring by 3% last year to 139 bcm, from 144 bcm in the previous year, the World Bank reported on March 29 in its new Global Gas Flaring Report (GGFR), despite oil output rising by 5% to 80mn bpd.