Guyana Reveals Draft Petroleum Activities Bill
Guyana’s Ministry of Natural Resources, on behalf of the country’s government, released a draft Petroleum Activities Bill for a two-week public consultation.
Exclusive Q&A: Patterson-UTI, NexTier CEOs Talk Merger, Shale Dominance
Patterson-UTI President and CEO Andy Hendricks and NexTier Oilfield Solutions CEO Robert Drummond discussed the companies’ planned $5.4 billion merger in a Hart Energy exclusive interview.
LatAm Production to Grow 25% by 2028: IEA
The International Energy Agency forecasts total oil supply from non-OPEC+ Latin America to reach 7.5 MMbbl/d in 2028 on the backs of Brazil, Guyana and Argentina—offsetting declines in the rest of the region.
Venezuela, Iran Ink 25 Deals During State Visit
Venezuela and the Islamic Republic of Iran signed 25 deals across different development areas, including petrochemicals, during an official visit by Iranian President Seyed Ebrahim Raisi to Caracas.
Can LatAm Really Revert Its LNG Import Mentality?
The Latin America and Caribbean region has the potential—in theory—to revert its dependency on LNG imports amid rising production and bilateral trade.
Colombia's Ecopetrol Refinery Awarded More Than $1 B in Arbitration
Ecopetrol's Refineria de Cartagena is set to receive more than $1 billion following an arbitration ruling in its favor against a group of contractors.
Brazil's Petrobras in Talks with Unigel for Joint Green Projects
Petrobras says it has begun talks with Unigel to explore joint businesses in fertilizers, green hydrogen and low carbon.
Argentina's Vaca Muerta Could Pump 1 MMbbl/d of Crude by 2030, Rystad Says
Argentina's Vaca Muerta shale formation could produce more than 1 MMbbl/d of crude by 2030 if the country solves transportation capacity issues.
Report: Colombia’s Oil, Gas Reserves Running Out
Colombia’s reserves-to-production ratios for oil and gas are now both less than eight years, according to recent data released by the country’s National Hydrocarbon Agency (ANH).
Chart Talk: Mexico and Argentina’s Big Bet on LNG Exports
Staked by the Permian and the Vaca Muerta, Mexico and Argentina have the potential to bring to market 32.6 mtpa and 25 mtpa respectively over the near-to-mid-term, according to data from Rystad Energy and Argentina’s YPF SA.