LatAmOil - Latin America Oil & Gas
Suriname eyes options for cross-border gas development
Suriname is eyeing options for cooperation with Guyana on cross-border gas development.
Biden administration leans away from reimposing sanctions on Venezuelan oil industry
US President Joe Biden's administration is signalling a departure from the Trump-era policy of imposing harsh sanctions on Venezuela's oil industry, despite President Nicolás Maduro's renewed crackdown on the opposition.
Chevron-PDVSA joint venture launches new drilling drive in Venezuela
Petroindependencia, a joint venture between Venezuelan national oil company PDVSA and US oil behemoth Chevron, has initiated a fresh drilling campaign, as disclosed by PDVSA in a statement on April 1.
Oil firms favour operator-owned FPSOs in Guyana amid fabrication yard delays
A recent report by Rystad Energy indicated a shift towards operator-owned Floating Production Storage and Offloading (FPSOs) in Guyana, particularly among financially robust exploration and production firms to combat rising fabrication yard lead time
MODEC and SBM Offshore compete for Suriname's first FPSO contract
MODEC and SBM Offshore are competing to secure an engineering, procurement and construction award from TotalEnergies to build Suriname’s first floating production, storage and offloading vessel.
ExxonMobil and CNOOC merge arbitration claims against Chevron over Guyana Stabroek Block stake
ExxonMobil and China National Offshore Oil Corporation have merged their arbitration claims against Chevron Corporation, challenging the latter’s claim over Hess Corporation’s stake in the Stabroek Block offshore Guyana.
Pertamina secures 20-year contract extension for Urdaneta West Field block in Venezuela
PT Pertamina Hulu Energi has achieved a breakthrough with the extension of a contract for the Urdaneta West Field Block in Venezuela
Guyana President Ali defends oil sector in environmental spat in heated BBC interview
Guyana’s President Dr Irfaan Ali defended his nation’s oil sector on the question of environmental impact during a heated interview with BBC journalist Stephen Sackur.
Argentina and Brazil mull reversing Bolivian gas pipeline flow amid regional shortfall
Amidst a regional gas deficit that could impact Brazil's fuel supply, energy companies from Argentina and Brazil have initiated discussions on reversing the flow of a Bolivian natural gas pipeline network.
Trader Trafigura to pay $127mn fine after pleading guilty to oil bribery in Brazil
Trafigura Group has pleaded guilty to participating in a decade-long bribery scheme in Brazil, marking a significant development in ongoing investigations into corruption within the commodity trading industry.
Venezuelan opposition backs new candidate potentially influencing US sanctions relief
Last week, several Venezuelan opposition parties threw their support behind a fresh contender, 80-year-old historian Corina Yoris, to challenge President Nicolás Maduro in the forthcoming presidential election.
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