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Quebec-based Boralex Inc. acquired a 50% interest in five wind farms spread across Texas and New Mexico from EDF Renewables North America, expanding the Canadian company’s U.S. presence.
Germany-based RWE Supply & Trading entered into a long-term sale and purchase agreement for 2.25 million tonnes per annum of supply from Sempra Infrastructure’s Port Arthur LNG Phase 1 project.
Hart Energy looks at Brazil and Guyana, countries expected to add 3.6 MMbbl/d of production between 2023-2027 with the addition of 21 FPSO units over the five-year timeframe.
Mexico’s oil giant Pemex forecast capex of $105 billion in its 2023-2027 business plan with a heavy leaning towards E&P activities as it looks to boost liquids and natural gas production to reduce dependency on imports.
The legislation seeks to ensure that the easing of U.S. sanctions on Venezuela comes only after President Nicolas Maduro has taken steps to restore democratic norms
U.S.-based Freeport LNG looks to restart its Quintana Island liquefaction facility located near Freeport, Texas in the second half of Jan. 2023, the company said.
Five countries in Latin America – Brazil, Colombia, Guyana, Mexico and Venezuela – look to boost production in 2023, but the lion’s share of the production will come from developments in exploration hotspots Brazil and Guyana.
Brazil’s oil regulator ANP auctioned four out of 11 blocks on offer to a small group of NOCs and IOCs focused on opportunities to extract low cost, low carbon intensity resources located offshore Brazil.
Prices for crude oil and natural gas are expected to decline in 2023 compared to 2022 according to forecasts from the Energy Information Administration, World Bank and other institutions.
Initial moves by Washington and Caracas in their geopolitical chess match led to the restart of negotiations between the ruling party and the opposition around a democratic solution to Venezuela’s political crisis and issuance of a license to allow Chevron Corp. to produce and lift its oil in Venezuela.