DORIS Group Awarded FEED for Zama Development Offshore Mexico
A final investment decision for Zama is forthcoming and first oil production could flow in 2027.
Pemex’s Dos Bocas Refinery to Reduce Mexico’s Reliance on US Fuel
Mexico will significantly reduce its dependence on fuel from the U.S. in 2025 once state-owned Pemex concludes construction of its 340,000 bbl/d Olmeca refinery in Dos Bocas, according to the International Energy Agency.
China Not Continuing Mega Oil-backed Loans to Latin America
China, which lent around US$120 billion to Latin America and the Caribbean between 2005-2023, isn’t expected to resume the mega oil-backing loans of yesteryear as the focus turns to debt negotiations.
Grow Canada! Increased Production Boosts Energy Security
U.S. refineries drink in heavy crude, but domestic politics are always a hurdle.
E&P Highlights: June 17, 2024
Here’s a roundup of the latest E&P headlines, including Woodside’s Sangomar project reaching first oil and TotalEnergies divesting from Brunei.
New Fortress Expects First LNG from Unit Offshore Mexico in a Matter of Days
New Fortress Energy Inc. is expecting first LNG by the end of the month for its first Fast LNG unit located offshore Altamira, Mexico.
EOG Resources, BP, Shell Bid in Trinidad Oil and Gas Auction
BP, Shell and EOG Resources companies bid for the Modified UC Block, which is near to the Teak, Sammaan and Poui producing fields.
Developer Seeks Permit to Send US Gas to Mexico for LNG Exports
The project is the latest in a series of developments to convert U.S. gas into LNG and export it from Mexico's Atlantic and Pacific coasts to meet global demand.
3R, Enauta Merge to Create Large Brazilian Independent
3R Petroleum Óleo e Gás SA and Enauta Participações SA will combine into a new entity with production that exceeds 100,000 boe/d and compete head-to-head with Brazilian producer Prio, according to Wood Mackenzie.
Third Suriname Find for Petronas, Exxon Could Support 100,000 bbl/d FPSO
A recent find offshore Suriname in Block 52 by Petronas and Exxon Mobil could support a 100,000 bbl/d FPSO development, according to Wood Mackenzie.