US Court Validates Deal on Venezuela Bonds
The U.S. Treasury Department lifted its ban on secondary market trading of Venezuelan bonds in October, prompting prices of Venezuelan and PDVSA bonds to rise as investors expect a renegotiation of debt.
Capital Product Partners to Sell Cargo Fleet, Focus on LNG Shipping
Capital Product Partners will also look to sell its remaining container vessels after closing the deal, making the sole business focus LNG shipping.
Exxon Eyes Total Guyana Production of 620,000 bbld with Payara Startup
Exxon Mobil is eyeing gross production of 620,000 bbl/d offshore Guyana in the Stabroek Block in the first half of 2024 with the start-up of its third project Payara, which has a production capacity of 220,000 bbl/d.
Petrobras Debt Continues to Snowball
Brazil’s Petrobras said its gross long-term debt reached $61 billion in the third quarter, which marks the first time the state-owned company’s debt has passed the $60 billion threshold since second-quarter 2021.
APA Corp. Focused on Shareholder Value, Adds Sixth Permian Rig
Amid an all-stock buying bonanza in recent weeks spurred on by Exxon Mobil and Chevron to snatch up shale and international assets, APA remains focused on creating value.
Pemex Reports Higher Q3 Production, Lower GHG Emissions
Mexico’s Pemex, still the world’s most indebted energy company, continues to boost production while making significant inroads to reduce flared volumes and greenhouse-gas emissions.
Venezuela’s VP Says Guyana Follows Exxon Mobil Script to Rob Resources
Venezuela’s Vice President Delcy Rodríguez accused Guyana’s president Mohamed Irfaan Ali of following mandates from Exxon Mobil Corp. and the U.S. Southern Command regarding the small English-speaking country’s claims to the disputed Essequibo territory located between the two South American countries.
Analysis: How Chevron’s Hess Deal Boosts LatAm Position
Chevron’s recent $53 billion all-stock deal to acquire Hess Corp. will boost the company’s portfolio in Latin America, a former Chevron executive told Hart Energy.
E&P Highlights: Oct. 30, 2023
Here’s a roundup of the latest E&P headlines, including the gas export concept solution for Goliat and subsea equipment delivered for Shenzi North.
Petrobras Reports Rise in Q3 Production
Petrobras reported a near double digit rise in combined production in the third quarter 2023 to 2.88 MMboe/d, owing to better operating performance, new wells and the ramp-up of various offshore platforms.