Brazilian President-elect Luiz Inacio Lula de Silva has a short list of prospects for Petrobras' replacement CEO, as he expects current CEO Caio Paes de Andrade to resign on Jan. 1, 2023.
Rystad Energy foresees investments offshore Suriname reaching $23 billion through 2031 driven by activities in Block 58 while it says political uncertainties continue to muddy the outlook for Venezuela.
Venezuela had ramped up its claims to a huge, sparsely populated area west of the Essequibo River after oil was discovered offshore.
"This new national renewable goal will be a foundation for achieving Mexico's updated nationally determined contribution," Mexican Foreign Minister Marcelo Ebrard said.
Here’s a roundup of the latest E&P headlines, including a new startup and bid round from the past week in the upstream oil and gas industry.
Colombia’s oil giant Ecopetrol is taking steps to decelerate plans related to two fracking pilots with Exxon Mobil owing to opposition from President Gustavo Petro but continues to eye low single-digit production growth next year amid positive results at home and in the Permian Basin.
In the third quarter of 2022, Citgo Petroleum's three refineries processed a combined total of 780,000 bbl/d and exported 196,000 bbl/d of refined products.
The U.S. Treasury’s Office of Foreign Assets Control last week imposed sanctions on the stranded tanker, Young Yong, for its part in an international oil smuggling network that Washington said supports Hezbollah and Iran’s Quds Force.
Here’s a roundup of the latest E&P headlines including a commercial discovery offshore Israel and a five-year subsea frame agreement awarded by Petrobras from the past week in the upstream oil and gas industry.
Brazil’s state-owned Petrobras looks to start up an FPSO unit this year ahead of schedule followed by four others in 2023 with combined capacity to produce 630,000 bbl/d.