South America
ExxonMobil exports second crude cargo from Guyana
Guyana’s second crude oil shipment left ExxonMobil’s Liza Destiny platform Wednesday and is heading to Panama, Kallanish Energy reports. The new crude oil cargo lifted by the U.S. ...
Petrobras accelerates biofuels exit
Brazilian state-run oil company Petrobras is seeking to accelerate its exit from the biofuels segment and has started the process to sell a large stake in BSBios Biodiesel, ...
Rosneft says ready to talk Venezuela with US
Russian giant oil producer Rosneft said it’s ready to talk to U.S. authorities regarding its business in and with Venezuela’s state oil company, PDVSA, following threats of sanctions, Kallanish ...
Braskem drops plan for West Virginia cracker
Plans for a Brazilian petrochemical company building an ethane cracker in northern West Virginia are dead, but state officials are still hoping another developer will build such ...
Brazil’s Anp estimates $425B bidding revenue
Brazilian regulator National Agency of Petroleum, Natural Gas and Biofuels (Anp) said last week it expects revenue of $425 billion from the 16th Exploratory Blocks Bidding Round. The ...
Braskem drops plan for West Virginia cracker
Plans for a Brazilian petrochemical company building an ethane cracker in northern West Virginia are dead, but state officials are still hoping another developer will build such ...
Venezuela oil output is said to have dropped by 50%
Power failures that kept Venezuela in darkness for much of March also briefly slashed the country’s crude production by 50%, people familiar with the situation told Bloomberg. ...
Argentina changes unconventional gas subsidy program
Argentina’s government has decided to change the country’s subsidy program for unconventional gas development leaving projects in limbo, Kallanish Energy learns from local producers YPF and Pampa Energia. ...
Venezuela’s Guaido to announce changes to Citgo’s board
U.S.-based, Venezuela-owned refiner Citgo Petroleum is set to undergo a restructuring in its leadership following Juan Guaido’s declaration he is Venezuela’s new interim president. Guiado is expected ...
Colombia’s Ecopetrol plans first fracking project
Colombia’s state-run oil company, Ecopetrol, has applied for a permit to launch the country’s first hydraulic fracturing project, targeting unconventional resources in Magdalena Medio, central Colombia. According to CEO Felipe ...