Latin America & Caribbean

Service Contracts , Earnings

Oilfield Service Outlook: Earnings Will be Driven by Everything, Everywhere, All at Once

International growth, along with offshore and strength in North America, propelled fourth quarter and 2022 earnings for oilfield service companies SLB, Baker Hughes and Halliburton.

January 27, 2023

Restructurings , Policy & Regulations

Ecopetrol Says CEO Bayon to Leave his Post on March 31

Felipe Bayon's departure comes amid tension between the oil sector and the Colombian government.

January 27, 2023

Liquefied Natural Gas , Energy Transition , Shale Plays , Acquisitions & Divestitures , Mergers

Q&A: Dan Pickering Talks M&A, U.S. Production Growth and the Energy Transition

Dan Pickering, Chief Investment Officer of Pickering Energy Partners (PEP), discusses U.S. production and  M&A after a “funky and weird” 2022 and sees the U.S. shale boom settling into a “shale business.”

January 27, 2023

Crude Oil , International

Chevron's 5th and 6th Cargoes of Venezuelan Oil Soon to Depart

Chevron's supply contract is among a few that have not been suspended after last week's PDVSA-ordered freeze on most contracts until a general audit is done.

January 26, 2023

Midstream , Gathering & Processing , Construction , Pipelines

Argentina Inks Deal for Vaca Muerta Gas Infrastructure

The Vaca Muerta infrastructure plan, expected to be approved in March, aims to boost a pair of gas pipeline projects — La Carlota-Tio Pujio and Reversal del Norte —as well as build compression plants.

January 26, 2023

Liquefied Natural Gas , Energy Transition

Trinidad Must Embrace ‘Greening’ Petrochemicals, PM Rowley Says

 Trinidad and Tobago’s Prime Minister Keith Rowley told attendees at the Trinidad and Tobago Energy Conference 2023 that the country’s petrochemical sector was undergoing major changes and needed to embrace a “greening” of the sector.

January 25, 2023

Markets , Policy & Regulations , Shale Plays

Argentina Pumps Record Shale Oil as Vaca Muerta Takes Off

As one of Latin America's mid-range oil producers, Argentina has pledged to reverse 2022's $5 billion energy deficit to a surplus of around $12 billion by 2025.

January 25, 2023

Business , Exploration & Production , Deepwater , Shale Plays

Hess Corp. Reports Fangtooth SE-1 Find, Sets 2023 Capex Budget at $3.7 Billion

New York-based Hess Corp. announced a new discovery offshore Guyana and set its 2023 E&P capital and exploratory budget at $3.7 billion, of which more than 80% will be allocated to the Bakken and Guyana’s Stabroek Block.

January 24, 2023

Exploration & Production , Liquefied Natural Gas , Policy & Regulations , International

U.S. Grants License to Trinidad and Tobago to Develop Offshore Venezuela

The U.S. license, issued at the Trinidad government's request, means the Caribbean island nation will be allowed to resume doing business with Venezuelan heavily sanctioned state-run oil company PDVSA, related to the Dragon gas field.

January 24, 2023

Service Contracts , Earnings , Liquefied Natural Gas

Baker Hughes Q4 Earnings Soar, But Miss Analyst Expectations

Baker Hughes earnings per share jump 46% over Q3, but analysts were disappointed they weren’t as high as they expected.

January 24, 2023