South America
Trade , International
US Says it Will Not Renew Easing of Venezuela Oil Sanctions Unless Progress Made on Elections
The Biden administration holds out little hope that Maduro will make enough concessions before the April 18 deadline to satisfy U.S. demands.
Acquisitions & Divestitures , Shale Plays
GeoPark to Acquire Interests in Vaca Muerta
GeoPark Ltd. entered into a binding offer to acquire a non-operated working interest in Argentina’s Neuquen Basin’s Vaca Muerta Formation as it extends its reach across Latin America.
Crude Oil , Pipelines
US Gulf Coast Heavy Crude Oil Prices Firm as Supplies Tighten
Pushing up heavy crude prices are falling oil exports from Mexico, the potential for resumption of sanctions on Venezuelan crude, the imminent startup of a Canadian pipeline and continued output cuts by OPEC+.
Field Development , International , Legislation
Pitts: Heavyweight Battle Brewing Between US Supermajors in South America
Exxon Mobil took the first swing in defense of its right of first refusal for Hess' interest in Guyana's Stabroek Block, but Chevron isn't backing down.
Emissions , Technology , Methane , CERAWeek
Exclusive: Scepter CEO: Methane Emissions Detection Saves on Cost
Methane emissions detection saves on cost and "can pay for itself," Scepter CEO Phillip Father says in this Hart Energy exclusive interview.
International , Crude Oil
US Decision on Venezuelan License to Dictate Production Flow
The outlook for Venezuela’s oil industry appears uncertain, Rystad Energy said April 4 in a research report, as a license issued by the U.S. Office of Assets Control (OFAC) is set to expire on April 18.
Crude Oil , Natural Gas , Unconventional , Conventional , International
CERAWeek: Tecpetrol CEO Touts Argentina Conventional, Unconventional Potential
Tecpetrol CEO Ricardo Markous touted Argentina’s conventional and unconventional potential saying the country’s oil production would nearly double by 2030 while LNG exports would likely evolve over three phases.
Exploration & Production , Crude Oil , Natural Gas , International , CERAWeek
Petrobras to Step Up Exploration with $7.5B in Capex, CEO Says
Petrobras CEO Jean Paul Prates said the company is considering exploration opportunities from the Equatorial margin of South America to West Africa.
Liquefied Natural Gas (LNG) , Crude Oil
Argentina's Vaca Muerta Shale Formation Drives Record Oil Production in February
Argentina's Neuquen province hit a record for daily oil production in February.
Acquisitions & Divestitures
New Fortress Energy Acquires 1.6 GW Capacity Reserve Contract
New Fortress Energy now has over 2.2 gigawatts of contracted power at Barcarena, Brazil, after acquiring a contract from Ceiba Energy.