Latin America & Caribbean

Field Development , Joint Ventures

Ecopetrol, Occidental Petroleum to Jointly Develop Offshore Oil Blocks

Ecopetrol will take a 40% stake in the blocks while Occidental Petroleum subsidiary Anadarko Colombia Co. will have a 60% stake and will serve as the blocks’ operator, Ecopetrol said.

May 19, 2022

Exploration & Production , Transactions

Brazil’s Petrobras Slashes Plan to Sell Four Concessions

The sale process, which had been in binding phase since late 2018, has been called off “considering the alignment of the concessions to the company’s strategy,” Petrobras said.

May 16, 2022

Field Development , Deepwater

TotalEnergies Kicks Off Production from Giant Mero Field Offshore Brazil

“The production start-up of the first permanent FPSO in Libra block is a new milestone for TotalEnergies in Brazil,” CEO Patrick Pouyanné says.

May 2, 2022

Field Development , Discoveries

Exxon Mobil Makes Three New Discoveries Offshore Guyana as Stabroek Resource Estimate Grows

The three new discoveries offshore Guyana increases Exxon Mobil’s estimate of the recoverable resource for the Stabroek Block to nearly 11 billion oil-equivalent barrels.

April 26, 2022

Exploration & Production , Crude Oil , International

Brazil Discussing Oil Output Boost with US Amid Ukraine Crisis, Energy Minister Says

Asked if the U.S. had reached out to talk about potential oil production increases, Brazilian Energy Minister Bento said the two countries were cooperating.

April 21, 2022

Field Development , Deepwater , Subsea

Hunting Wins Contract for Exxon Mobil’s Yellowtail Project Offshore Guyana

Hunting’s Direct Pull-Through installation methodology is intended to simplify installation and enhance safety during project execution for the Yellowtail development—Exxon Mobil’s fourth, and largest, project within the Stabroek Block offshore Guyana.

April 12, 2022

Field Development , Technology

SBM Offshore Wins Exxon Mobil Contracts for Major Offshore Project

SBM Offshore will develop, lease and operate Exxon Mobil’s ONE GUYANA FPSO for the $10 billion Yellowtail project offshore Guyana.

April 5, 2022

Master Limited Partnerships , Liquefied Natural Gas (LNG)

Sempra Expands Collaboration with TotalEnergies to Meet Rising Energy Demand

TotalEnergies and Sempra partnered to develop an LNG export facility in Mexico as well as several renewable projects both onshore and offshore, adding on to their existing partnerships.

March 31, 2022

Markets , Policy & Regulations

Venezuelans Feel Pain at the Pump as More Gas Stations Charge in Dollars

PDVSA has doubled the number of stations that charge in dollars.

March 16, 2022

Crude Oil , Trade , International

Oil Group: Venezuela Could Add 400,000 Bbl/d to Output

U.S. would need to approve licenses for PDVSA to trade Venezuelan crude.

March 14, 2022