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South America
Deepwater , Subsea
Subsea Services Market Expected to Top $7 Billion in 2023
Rystad Energy sees increased brownfield activity driving a 20% increase in projected spend in the subsea services market in 2023.
January 31, 2023
Energy Transition
Enphase Energy Sees Growing Solar Demand in Brazil
Installments of residential solar energy systems in Brazil have increased according to distributors of Enphase microinverters.
January 30, 2023
Crude Oil , Policy & Regulations
Venezuela Tightens Oil Prepayment Rules, Documents Show
Venezuelan PDVSA launched an extensive audit of supply contracts to prevent buyers from skipping out on oil payments under the company's new CEO, Pedro Tellechea.
January 30, 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
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 , Field Development , Policy & Regulations
E&P Highlights: Jan. 23, 2022
Here’s a roundup of the latest E&P headlines including first gas from an Oman field and new contract awards from the past week in the upstream oil and gas industry.
January 23, 2023
Exploration & Production , Joint Ventures
Frontera, CGX Start Drilling Wei-1 Well in Guyana
The joint venture between CGX Energy Inc. and Frontera Energy Corp. begins drilling in Guyana as the region becomes an oil exploration hot spot.
January 23, 2023
People , Policy & Regulations , International
Next Petrobras CEO Sounds Out Lula's Party for Management Picks, Sources Say
The center-left Brazilian Socialist Party (PSB) may not have much sway in choosing future Petrobras appointees, according to an anonymous source.
January 23, 2023
Trade , Exports
Venezuela's PDVSA Freezes Most Oil Exports for Contract Reviews
PDVSA's freeze order on oil export contracts is leading to port delays, according to people familiar with the matter.
January 17, 2023
Business , Exploration & Production
Exxon Set to Order 5th Guyana Oil Vessel, Sizing Up More Blocks
Since Exxon made Guyana's first offshore discovery in 2015, the South American country has become the world's fastest growing oil region, with estimates its fields could produce 1.64 MMbbl/d by the end of the decade.
January 17, 2023