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US calls on oil companies to limit operations in Venezuela despite sanctions easing
The temporary easing of sanctions on Venezuela's oil sector must not be viewed as an endorsement for a full-scale resumption of operations, US Treasury officials have warned.
Subsea7 awarded decommissioning contract in Brazil
Subsea7 has announced the award of a sizeable contract by Shell for the decommissioning of subsea infrastructure associated with the FPSO Fluminense in the Bijupira and Salema fields of the Campos Basin, at 700m water depth.
BW Energy concludes acquisition of FPSO Cidade de Vitoria in Brazil
BW Energy has finalised the acquisition of the floating production storage and offloading (FPSO) Cidade de Vitoria from Saipem which is set to bolster oil production capabilities offshore Brazil.
Guyana EPA confirms no impact study needed for solar farms
Guyana’s Environmental Protection Agency confirmed that no impact study will be required for the construction of eight solar farms as part of the government’s Guyana Utility-Scale Solar Photovoltaic Programme (GUYSOL).
Petrobras CEO under increasing pressure on gasoline prices, investment plans
Dissatisfaction with Petrobras CEO Jean Paul Prates is growing within President Luiz Inacio Lula da Silva's government, with calls for the company to align more closely with inflation-fighting measures and economic stimulus.
Guyana's minister of natural resources reveals name of sixth FPSO
Guyana's sixth floating production storage and offloading (FPSO) vessel has been named Jaguar. The vessel, set to boast a production capacity of 275,000 barrels, will be used in ExxonMobil’s upcoming Whiptail development.
Mexico Pacific and the state of Chihuahua partner on Sierra Madre pipeline
Mexico Pacific and the government of Chihuahua have signed a collaboration agreement to propel the development and operation of the Sierra Madre natural gas pipeline.
Mexico's climate commitments criticised, urgent shift to renewables needed
Climate Action Tracker has issued a cautionary note at PreCOP28, stating that Mexico's endeavours in clean energy are falling short of global climate commitments. Experts stress the need for transparency and a swift transition to renewable energies.
Pemex’s Dos Bocas refinery expects profitability in 20 years, executive says
The Dos Bocas oil refinery, a flagship project for the Mexican government in the energy sector, is projected to become profitable in 20 years. Yet concerns persist regarding its ability to meet production targets.
EBRD to extend €100mn loan to ING Turkey
Mexican state of Tamaulipas secures nearly $19bn for hydrocarbon investments
The Mexican state of Tamaulipas has secured $18.96bn in investments from national and foreign oil companies for the hydrocarbons sector. This figure is expected to increase as more development plans in northeast Mexico are finalised.
Colombia and Venezuela explore oil and electricity collaboration
Colombian President Gustavo Petro announced potential collaboration between state oil company Ecopetrol and Venezuela's PDVSA oil company, while his Venezuelan counterpart expressed interest in importing Colombian electricity.
Output growth expected in western Canada with more takeaway
Alberta's oil sands production is once again challenging the existing pipeline capacity, especially to the Pacific Coast. This is a familiar scenario for Canadian producers, but will soon change.
Gulf of Mexico spill shuts in seven producers, 3% of the region’s production
An oil spill in the Gulf of Mexico is now estimated at 1.1mn gallons or more, and it has shut in six producers.
NorthAmOil: Gulf of Mexico spill shuts in seven producers, 3% of the region’s production
Guyana's 2023 oil production exceeds 100mn barrels in nine months
Stabroek Block operator ExxonMobil produced over 102mn barrels of crude offshore Guyana from January until September this year, with an average daily output of 374,000 barrels per day.
Trafigura to supply Philippines with LNG cargo
Philippines’ power generation company First Gen Corporation (FGEN) has awarded its second LNG cargo tender to Swiss trader Trafigura. The cargo is to be delivered to a floating storage and regasification unit (FSRU), the BW Batangas.
Kimmeridge backs Chesapeake acquisition of Southwestern
Kimmeridge Energy Management, an active and outspoken US oil and gas investor, said a merger of Chesapeake Energy and Southwestern Energy would create one of the industry’s most sought-after stocks.
ConocoPhillips seeks more time for possible Willow pause
ConocoPhillips Alaska is seeking more time if there is a halt of the company’s Willow project in Alaska.
Australia’s energy giant Santos stands up to anti-energy activist law firm
Leading Australian energy firm Santos has been forced to halt its Barossa gas project due to a lawsuit filed by the Environmental Defenders Office, an activist law firm
Nigeria's Port Harcourt oil refinery to start operations in December 2023, NNPCL says
Shell faces legal showdown in London as Nigerian communities seek justice for alleged environmental damage
The High Court in London has ruled that the Bille and Ogale communities can bring human rights claims against Shell. They assert that the energy giant failed to prevent or clean up contamination, leaving their lands chronically polluted.
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