LatAmOil - Latin America Oil & Gas
Venezuela’s oil production up, exports down in May
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 reports launch of Buzios5 project in Santos basin
CNOOC Ltd said on June 1 that the fifth phase of development was underway at the shared portion of the Búzios oilfield offshore Brazil.
Rystad comments on Vaca Muerta’s potential to see oil output reach 1mn bpd
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 begins farming out stake in Uruguayan block
Challenger Energy Group (UK) has initiated a farm-out process for its stake in AREA OFF-1, a shallow-water block located offshore Uruguay.
Jagdeo: Guyana working to convince Brazil to participate in offshore licensing round
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.
New Fortress Energy granted Mexico export permit for Altamira Fast LNG facility
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 reports exports down sharply in May
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 asks US to revise terms of sanctions waiver for Dragon gas project
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.
CNH approves development plan for unitised Zama field
Mexico’s National Hydrocarbons Commission (CNH) has approved the development plan for the Zama Field Contract Area.
Pemex: Gas condensate accounted for a larger share of Mexico’s liquids production in April 2023
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 cuts deeper as OPEC+ extends deal
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.
Follow us online