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Venezuela inks 20-year gas deal with BP and Trinidad amid push for energy exports
Venezuela has signed a 20-year agreement with BP Plc and Trinidad and Tobago's National Gas Company for natural gas production and exploration, Venezuelan Oil Minister Pedro Tellechea announced on July 24.
Equinor awards Valaris $498mn drillship contract for Brazil Operations
Equinor Energy do Brasil, a subsidiary of Norway’s Equinor, has granted a contract to Valaris for its VALARIS DS-17 drillship for work offshore Brazil on the Raia project worth $498mn.
Trinidad and Tobago LNG plant exports 4,800th cargo
Trinidad and Tobago's Atlantic LNG export plant is set to mark a notable milestone with the shipment of its 4800th liquefied natural gas cargo since its inception in 1999.
Santos again delays FID on Dorado
Leading Australian oil and gas producer Santos has once more delayed taking a final investment decision on the offshore Dorado oil project in Western Australia.
Three banks exit Kenyan oil import deal
Three Kenyan banks have left a monthly government oil deal worth $500mn with two Gulf states due to increasing competition involving sending letters of credit to local importers.
Ecopetrol considering $3.6bn investment in US shale
Colombian energy company Ecopetrol is in talks with Occidental Petroleum to purchase a significant stake in CrownRock, a US shale oil producer.
YPFB commits $400mn to new natural gas development in Bolivia
Bolivian state-owned oil company Yacimientos Petrolíferos Fiscales Bolivianos (YPFB) is set to invest $400mn in developing a newly discovered natural gas field.
Guyana poised to significantly outpace oil revenue estimates due to output spike
S&P Global has projected that Guyana is set to produce 632,000 barrels per day of oil in 2024, thereby positioning the South American nation to rake in a significantly higher oil revenue than previously expected.
Venezuelan election looms as energy firms rush to secure deals with PDVSA
As Venezuela approaches its pivotal July 28 presidential election, international energy companies are scrambling to finalise agreements with state oil company PDVSA, seeking to safeguard their operations regardless of the electoral outcome.
Frontera and GASCO to develop major LPG facility in Cartagena
Frontera Energy's subsidiary, Sociedad Portuaria Puerto Bahía, has partnered with Gasco Soluciones Logísticas y Energéticas to develop a liquefied petroleum gas project at Puerto Bahía's port terminal in Cartagena, Colombia.
Wintershall Dea’s new exploration well approved for Kan-2DEL
Wintershall Dea México has been granted permission by the National Hydrocarbons Commission (CNH) to drill the Kan-2DEL exploration well in Tabasco’s shallow waters.
Ecuador secures $90mn investment for oil block development until 2035
Ecuador's Ministry of Energy has finalised a new agreement with ENAP Sipec, a Chilean company, for the development of Mauro Dávalos Cordero (MDC) Block 46, located in the Orellana province.
Halliburton, SLB report strong global demand, softer North American results
US oilfield service firms Halliburton and SLB, formerly Schlumberger, reported higher quarterly profits in the second quarter that analysts said were aided by stronger worldwide demand.
Colombia’s Ecopetrol may buy $3.6 bn CrownRock Permian stake from Occidental
Occidental Petroleum is in talks to sell a 30% stake in shale producer CrownRock to Colombia’s state-owned Ecopetrol.
Exploration drilling at ExxonMobil's Lau-Lau-2 in Guyana underway
The Noble Don Taylor is continuing its exploration drilling at ExxonMobil’s Lau-Lau-2 well site within Guyana’s Stabroek Block.
ExxonMobil-led Stabroek Block consortium better equipped to handle oil spills
At the close of 2023, the combined equity of ExxonMobil, Hess, and CNOOC in Guyana surged to $18.6bn, enhancing the group’s capability to manage potential challenges, including unmitigated oil spills offshore Guyana.
Guyana's Hammerhead project set to create 1,380 jobs
ExxonMobil's proposed Hammerhead development in Guyana is projected to create up to 1,380 jobs across four distinct stages of the project, according to preliminary estimates by the oil major.
Australia to finalise new gas, CCS exploration permits
Australia’s government intends to finalise new permits for offshore gas and carbon capture and storage exploration to support the economy and energy transition goals.
Wildfires threaten 10% of Alberta’s oil output, says report
Wildfires in Canada’s oilpatch, Alberta, are threatening almost 10% of output.
Will Venezuela’s Maduro go out with a bang or a whimper?
Venezuela’s crucial election on July 28 pits incumbent Nicolas Maduro against opposition leader Edmundo Gonzalez. With long-running economic turmoil and political repression under Chavismo, the nation faces a pivotal decision.
Landmark achievement at Mexico's fast LNG project
New Fortress Energy (NFE), a US energy infrastructure firm, has commenced LNG production at its innovative floating LNG (FLNG) facility near Altamira, Mexico.
China, Philippines reach understanding on contested shoal in South China Sea
China and the Philippines last weekend announced that they have reached an understanding regarding the Second Thomas Shoal, a submerged reef near the Spratly Islands in the South China Sea.
ExxonMobil and Chevron face off in pursuit of Hess's Guyana stake
Exxon Mobil’s challenge to Chevron’s $53bn acquisition of Hess hinges on whether the deal triggers a change of control over Hess' valuable operations in Guyana.
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