LatAmOil - Latin America Oil & Gas
Guyana's government has given ExxonMobil green light for Uaru development project.
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.
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.
Argentina’s YPF is set to begin exporting crude oil to Chile in June after a 17-year hiatus.
Cuba is becoming increasingly reliant on oil imported from Russia and Mexico as Venezuelan supplies dwindle.
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 has delayed the start-up of three floating production, storage and off-loading (FPSO) vessels pending the development of its new energy strategy.
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'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 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 is currently using the Stena DrillMax drillship to sink a new development well at the Yellowtail oilfield offshore Guyana.