In a significant display of defiance against U.S. sanctions, Iran, Venezuela, and Syria have inked a tripartite Memorandum of Understanding (MoU) to construct a new oil refinery in Syria's Homs governorate. The planned refinery is expected to have a...
Guyana's Minister of Foreign Affairs and International Cooperation, Hugh Todd, held a crucial meeting with his Brazilian counterpart, Mauro Vieira, to discuss the ongoing developments in the Guyana/Venezuela border controversy.
According to a briefing issued by Guyana’s Foreign Affairs Ministry,...
October 3 marks the 124th anniversary of the Arbitral Award of 1899, which established the land boundary between then British Guiana and Venezuela. The Guyana government in a statement reaffirmed its commitment to upholding the Arbitral Award's validity and...
Guyana reported a significant boost in its crude oil export earnings, reaching US$5.39 billion for the first half of 2023, marking a substantial increase of US$1.78 billion compared to the prior year.
The surge in earnings was driven by a...
Brazil's state-controlled energy giant, Petroleo Brasileiro SA (Petrobras), has received a crucial permit from Brazil's top environmental agency, Ibama, to explore the potentially lucrative Potiguar basin in the country's northeast region. The development comes after months of negotiation and...
Guyana is set to undergo an anti-corruption review led by experts from Trinidad and Tobago, Suriname, and the Organisation of American States (OAS). Such a review would be critical for improving confidence in the government’s management of the quickly...
Aker Solutions, SLB, and Subsea 7 have successfully concluded their proposed transaction to establish a transformative subsea joint venture, unveiling the new entity under the name "OneSubsea." In an official statement issued on Oct 2, the companies announced that...
By Ivelaw Lloyd Griffith
Venezuela’s recent bullying actions against oil-power-in-the-making, Guyana, calls to mind the saying plus ça change plus c'est la même chose (the more things change, the more they remain the same). Why so, you may ask? This...
TotalEnergies has some marginal targets remaining on Block 58, which could be used as tiebacks to its first Suriname oil development. However, the company's Chief Executive Officer, Patrick Pouyanne, says exploring those is not a priority, as 14 wells...
TotalEnergies EP Angola Block 20 has finalised the sale of a stake in a valuable Angola block to PETRONAS ANGOLA E&P LTD (PAEPL), a company belonging to the PETRONAS group of companies.
Petronas has paid US$400 million for a 40%...
