South America

COP30 in Brazil represents a historic first, with the country being the first COP host to have a national CCUS law, an operating direct air capture plant, a project nearing CO₂ injection for pure geological storage, ands more.

MODEC will supply the FPSO that will host up to 18 wells in the initial phase of development.

Deepwater Yellowtail project, onstream 4 months ahead of schedule, is expected to produce an average of 250,000 BOPD.

The author writes that Brazil can benefit by mirroring what proved decisive for CCS deployment in the US through a sovereign fiscal regime anchored by monetizing verified storage.

A Shell partnership with YPF marks a significant milestone for the Argentina LNG export facility, raising new questions about the nation’s potential to unlock the economic power of its vast shale reserves.

JPT’s first year of publication was one of groundbreaking events that would transform the global petroleum industry. A recap of developments in 1949 emphasizes the high hopes attached to the industry—and the ambitious goals of the new magazine.

The supermajor will gain a 60% working interest and assume operatorship in the AREA OFF-1 block.

One of the world’s largest sustainable development agencies has worked with energy companies to quash opposition and keep oil flowing, even in sensitive areas.

Nations coming together with common interests and approaches to energy is a hallmark of the modern times. Nations in South America and the Caribbean are also joining the trend via strategic energy alliances as disclosed by the presidents of Guyana and Suriname at a recent conference in Suriname, Paramaribo.

Up to 10 FPSOs could be needed to fully develop the discovered resource base in the area.