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.
Mexico’s President Andrés Manuel López Obrador said the country’s new Dos Bocas refinery, known as Olmeca, will commence operations in February 2024.
Vitol executive Ben Marshall told oil and gas producers at IPAA’s Private Capital Conference that Saudi Arabia is losing patience. Also, the energy transition will take longer than expected.
Output at Breidablikk can continue until the end of 2024, but the developments of the two other offshore fields must be halted, in a win for environmentalist groups.
Houston-based Mexico Pacific Ltd., which is developing the 15 mtpa Saguaro Energia LNG project in Mexico, will source Permian Basin gas for LNG exports to Asia.
Escalating tensions in the Red Sea heighten the potential for shipment disruptions and major impact on energy markets.
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.
The Port of Corpus Christi is the U.S.’ largest energy export gateway and in terms of total revenue tonnage as increased midstream investments have opened export markets for the prolific Permian Basin.
Here is a look at some of this week’s renewable energy news, including a 2.4-gigawatt wind turbine order win for GE Vernova.
With rampant inflation, the IMF granted Argentina access to $4.7 billion for policies to restore macroeconomic stability, a move that could lead to more international investment, including from oil and gas companies.