South America
Beryl Makes Landfall East of U.S.’ Largest Energy Export Gateway Corpus Christi
Tropical storm Beryl made landfall in Texas as a Category 1. Life-threatening storm surges are expected to continue along the coast of Texas from Port O’Connor to Sabine Pass, including the eastern portion of Matagorda Bay and Galveston Bay, according to the National Hurricane Center.
Oil, Gas Industry Braces for Storm After Beryl Shifts Toward Houston
Chevron and Shell have evacuated offshore platforms as Tropical Storm Beryl could grow into a Category 2 hurricane when it makes landfall in the Houston area on July 8.
Port of Corpus Christi Closes as Tropical Storm Beryl Approaches
Port closures could temporarily halt crude oil exports, shipments of crude oil to refineries and motor fuels from those plants.
Former Exxon Exec.’s Company to Develop Guyana Gas Project
Fulcrum LNG, recently formed by a former Exxon Mobil Guyana executive, has been selected by the government of Guyana to move forward a project to develop that country’s offshore gas. Baker Hughes and McDermott are also part of the development.
Oil Prices Ease on Strong Dollar, Mixed Global Economic News
Crude prices declined despite signs of improving U.S. oil demand and falling fuel inventories that helped boost crude prices to a seven-week high a day earlier.
BP to Buy Out Bunge’s Stake in Brazilian Biofuels JV
BP’s acquisition of Bunge’s stake in BP Bunge Bionergia is expected to close by year-end 2024, pending regulatory approvals.
Seatrium Awards Classification to ABS for 2 Newbuild FPSOs
The two FPSOs will be deployed by Petrobras in the eastern part of the Santos Basin, 200 km offshore Rio de Janeiro.
US Producers to Contribute to 2030 Oil Supply Surplus
Higher world oil production, led by U.S. and other producers in the Americas, will outpace demand between 2023-2030 and inflate the world’s spare capacity cushion, according to the IEA.
Exxon Buys Viridien Vessel Monitoring System
Formerly known as CGG, Viridien’s Marlin vessel monitoring system will be used to support Exxon’s operations offshore Guyana.
Vista to Import New Fracking Set to Boost Production at Argentina's Vaca Muerta
Vista Energy will import a new fracking set in the Vaca Muerta and sealed an agreement with SLB for the new equipment.