Latin America & Caribbean
Finance , International , CCS/CCUS
Green Swan Seeks US Financing for Global Decarbonization Projects
Green Swan, an investment platform seeking to provide capital to countries signed on to the Paris Agreement, is courting U.S. investors to fund decarbonization projects in countries including Iran and Venezuela, its executives told Hart Energy.
Earnings
President: Financial Debt for Mexico's Pemex Totaled $106.8B End of 2023
President Andres Manuel Lopez Obrador revealed the debt data in a chart from a presentation on Pemex at a government press conference.
Seismic , Discoveries
2023-2025 Subsea Tieback Round-Up
Here's a look at subsea tieback projects across the globe. The first in a two-part series, this report highlights some of the subsea tiebacks scheduled to be online by 2025.
Crude Oil , International
Paisie: Economics Edge Out Geopolitics
Weakening economic outlooks overpower geopolitical risks in oil pricing.
International , Policy & Regulations
US Threatens to Not Renew Venezuelan Energy Sector License
The U.S. Department of State alerted Venezuela that it could decide not to renew General License No. 44 amid what Washington has labeled “anti-democratic actions.”
Policy & Regulations
US Customs Rules New Fortress’ FLNG Facility Does Not Violate Jones Act
New Fortress Energy’s FLNG facility offshore Mexico can now sell and deliver LNG to U.S. locations.
International , Natural Gas , Crude Oil
US Companies Ponder Future in Venezuela as Washington Pressures Maduro on Elections
The pressure is on again for Venezuela’s President Nicolás Maduro to announce a clear election timeline amid tensions following recent arrest orders and detentions of his opposition supporters.
Field Development , International
Guyana’s Economy to Grow 34.3% in 2024, Finance Minister Says
Guyana’s economy is expected to grow 34.3% in 2024, exceeding growth of 33% in 2023, as an Exxon Mobil Corp.-led consortium ramps up offshore oil production, according to Guyana’s finance minister Ashni K. Singh.
International
Mexico’s New Dos Bocas Refinery to Start Operations in February
Mexico’s President Andrés Manuel López Obrador said the country’s new Dos Bocas refinery, known as Olmeca, will commence operations in February 2024.
Crude Oil , International , Natural Gas
PDVSA Contributed $6.2B to Government Coffers in 2023
Venezuela’s state-owned PDVSA contributed income equivalent to US$6.2 billion to government coffers in 2023, Venezuela’s President Nicolás Maduro Moros said during his annual National Assembly address.