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South America

Brazil, Guyana, Suriname eye more cooperation in oil and gas

Brazil, Guyana and Suriname have agreed to deepen discussions on cooperation in the oil and gas sector, according to a joint statement released by the countries after a meeting between their presidents.

Venezuela's February oil exports rise, but shipping delays persist

Venezuela's oil exports slightly increased in February to some 670,000 bpd, but ongoing shipping delays worsened a bottleneck of tankers waiting to load, according to documents and vessel monitoring data.

MAMII expands membership with Chevron, Seapeak, and TotalEnergies joining the initiative

Leading energy companies TotalEnergies and Chevron, and major gas carrier Seapeak, have joined the Methane Abatement in Maritime Innovation Initiative, led by SafetyTech Accelerator.

Singapore fuel oil inventories draw for second consecutive week

Singapore's onshore fuel oil inventories fell for a second straight week as an uptick in exports exceeded a climb in imports.

Exxon raises Guyana's oil production to about 645,000 bpd

A consortium led by Exxon Mobil Corp which controls all oil production in Guyana is pumping about 645,000 bpd in the South American country, up from about 400,000 bpd in late 2023.

Iran's oil minister traveling to Venezuela for talks on refining, petrochemicals

The ministers plans to discuss joint refining, engineering and petrochemical projects, including the overhaul of Venezuela's refineries

Return of U.S. oil sanctions on Venezuela to hit revenue, fuel imports

The return of U.S. sanctions on Venezuela's oil and gas sectors would hurt the OPEC country's ability to collect cash from its oil exports, crimp new energy investments and raise the risks of domestic fuel scarcity.

Tanker with Russian diesel to discharge at the port of Venezuela

Sea Maverick with about 33,000 metric tons of ultra-low sulfur diesel loaded at the end of December 2023 at the Russian Baltic port of Primorsk is discharging at the El Palito port in Venezuela.

Brazil domestic ethanol sales soar amid high inventories

Sales of ethanol in the Brazilian market increased sharply in January according to industry data released with mills very active in the selling side as they are apparently running out of storage space due to a bumper crop.

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