LatAmOil - Latin America Oil & Gas
Progress at Stabroek
Guyana's government has given ExxonMobil green light for Uaru development project.
Chevron looking to increase Venezuelan oil output to 150,000 bpd this year
Chevron CEO Mike Wirth says his company is looking to increase oil output in Venezuela this year by 50% on the current level of about 100,000 bpd.
Jagdeo says demand for Guyana’s LPG is keen in other parts of the region
Guyana’s Vice President Bharrat Jagdeo has confirmed that demand for excess NGLs from his country’s gas-to-energy initiative is high throughout the region.
YPF hopes to resume oil exports to Chile via OTASA pipeline in June
Argentina’s YPF is set to begin exporting crude oil to Chile in June after a 17-year hiatus.
Cuba importing more Russian, Mexican oil
Cuba is becoming increasingly reliant on oil imported from Russia and Mexico as Venezuelan supplies dwindle.
Head of Shell Brazil criticises oil export tax
Shell (UK) has expressed concern over the temporary oil export tax imposed in March by Brazil’s government, saying that the measure could make the country less attractive to investors.
Petrobras delays launch of three FPSOs pending development of new energy strategy
Petrobras has delayed the start-up of three floating production, storage and off-loading (FPSO) vessels pending the development of its new energy strategy.
ExxonMobil rep says company is not leaving Brazil despite exploration failures
ExxonMobil has dismissed reports that it is preparing for an exit from Brazil, saying it remains committed to the country despite the failure of several high-profile exploration projects.
Ecopetrol share prices drop after CEO says he will not push for new exploration permits
Ecopetrol's share price hit a new low last week after new CEO Ricardo Roa indicated he would not push Colombia's government to issue new oil and gas exploration contracts.
Argentina’s IEASA importing more LNG this year
Argentina’s state-owned Integración Energética SA (IEASA) has arranged to import more LNG cargoes this year than in 2022 because of the fall in LNG prices.
ExxonMobil moving ahead with development drilling at Yellowtail
ExxonMobil is currently using the Stena DrillMax drillship to sink a new development well at the Yellowtail oilfield offshore Guyana.
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