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Colombia, which holds regular licensing rounds to invite investment in its upstream sector, has recently undertaken what National Hydrocarbons Agency President Jose Armando Zamora called a "full review of our contract offering for bidding rounds," building on its attractiveness...

Some are calling it the last major hydrocarbon frontier while others see it as the Holy Grail of oil and gas. The Guyana Suriname Basin (GSB) has now become a major hotspot for petroleum exploration and production and is...

(S&P Global Platts) Crude oil futures surged during the mid-morning trade in Asia March 1, with the oil market reversing the previous session's losses as risk-on sentiment gripped the markets following the US House of Representatives' approval of further...

By Anthony T. Bryan – OilNOW From Trinidad and Tobago (T&T) it is about one hour flying time south to Georgetown the capital of the Republic of Guyana and another hour flying south to Paramaribo the capital of Suriname. These two...

By Dean Foreman, Chief Economist at American Petroleum Institute It’s possible we could be headed for a shortfall in global oil supply as soon as next year – pretty remarkable considering where oil demand was last spring, with economies slowing under...

(Caribbean Maritime) In 2020, amid the worldwide Covid-19-induced economic downturn, Suriname reached second place, only behind Russia, in terms of discovered oil and gas reserves. And all this from just one offshore find in Block 58, and without counting...

If Brazil with a population of over 200 million people found it difficult to achieve high or progressive local content targets for 90 categories of service, how does Guyana propose to do a better job with a smaller population...

By Simon Flowers - Chairman, Chief Analyst and author of The Edge at Wood Mackenzie This could be the year oil and gas roars back. Tom Ellacott, SVP Corporate Analysis, saw in early December that the industry could have its own V-shaped recovery...

More space is being created on the oil market for Guyana’s medium sweet Liza Crude as prices are expected to rise amid a coming shortfall in supply. According to the findings of a Reuters Poll published on Friday, oil prices will stage a...

The New York Stock Exchange on Friday decided to begin formal delisting of Chinese state oil giant CNOOC Ltd based on an executive order signed by former U.S. President Donald Trump in November last year, Reuters said in a...