LatAmOil - Latin America Oil & Gas
Venezuela has reported crude production up slightly in the month of May, even as its oil exports appear to have declined to a more significant extent.
CNOOC Ltd said on June 1 that the fifth phase of development was underway at the shared portion of the Búzios oilfield offshore Brazil.
The Norwegian energy consultancy Rystad Energy has stated that production levels at Argentina’s Vaca Muerta shale formation could reach 1mn barrels per day by 2030.
Challenger Energy Group (UK) has initiated a farm-out process for its stake in AREA OFF-1, a shallow-water block located offshore Uruguay.
Guyana’s government is working to convince Brazil to reverse its decision to decline the opportunity to participate in its neighbour’s ongoing offshore bidding round.
US energy firm New Fortress Energy (NFE) was granted an export licence on June 2 by Mexico’s Ministry of Energy for the company’s Altamira Fast LNG facility, Offshore Energy reports.
Peru LNG, the operator of a natural gas liquefaction plant and export terminal in Pampa Melchorita, reports that its LNG export volumes declined by nearly a third month on month in May 2023.
Trinidad and Tobago has requested that the US make changes to a waiver that permits the joint development of the Dragon gas field without any penalty under the US sanctions regime.
Mexico’s National Hydrocarbons Commission (CNH) has approved the development plan for the Zama Field Contract Area.
Gas condensate accounted for a larger share of the production of Mexico’s national oil company Pemex in April of this year than in the same month of 2022, in line with long-term trends.
Saudi Arabia has announced that it will cut its oil output by 1mn barrels per day in July, with OPEC+ agreeing to extend its current deal until next year.