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Brazil to close Caracas Embassy in bid to further isolate Maduro

(Bloomberg) Brazil plans to withdraw its diplomatic personnel from Venezuela in the latest attempt to increase the isolation of the government of Nicolas Maduro, a senior official said. The official, who’s directly involved in the process but isn’t allowed to...

OPEC+ could push for 1 million bpd reduction as virus bites

(Wood Mackenzie) A week ago, the World Health Organisation reported that there had been about 77,000 cases of COVID-19, the disease caused by the new coronavirus, in 27 countries. On February 28, the WHO said the number of cases...

First major job of post-election gov’t in Guyana is to build O&G capacity

Updated March 1, 2020 The South American country of Guyana, where US oil major ExxonMobil has so far found more than 8 billion barrels of oil equivalent, is set to elect a new government on Monday March 2, just months...

Guyanese go to the polls with more than 8 billion reasons to vote

They say it is the mother of all elections. The contest, mainly between two factions who at their core have been in battle for the better part of half a century, will come to a climax when Guyanese cast...

Market arrangements for Guyana’s gas supply framework

In a market-oriented framework, it is partly up to customers themselves to determine what degree of security they want – for example, they can install back-up systems, they can physically contract for gas and/or become actual or virtual storage...

TT facing unprecedented economic crisis – former energy minister

Caribbean petroleum producer Trinidad and Tobago is facing an unprecedented economic crisis fueled by a downturn in LNG and oil prices which former energy minister Kevin Ramnarine says only careful planning and a reality check can avert. “Folks we are...

Apache second well offshore Suriname looking favourable

Following a significant discovery at the Maka Central-1 well at Block 58 offshore Suriname, Apache Corp. is now gunning for oil at a second prospect on the block which reports indicate look promising. John J. Christmann IV, CEO and President...

Marine robotics company secures contract with Exxon for Stabroek Block survey

Ocean Infinity, a next generation subsea marine robotics company, has been awarded a contract with ExxonMobil, for high-resolution Autonomous Underwater Vehicle (AUV) geophysical and geotechnical data acquisition within the Stabroek block offshore Guyana. Ocean Infinity will simultaneously deploy their advanced AUVs...

The Economist: Ahead of oil riches, Guyana holds a decisive election

At election time, it is easy to tell which ethnic group dominates each of the villages strung out along Guyana’s Atlantic coast even without looking at the people. Where Afro-Guyanese are the main group, the green-and-yellow banners of the...

Guyana could become 2nd largest producer in Latin America by end of decade

Guyana could be on course to become the second largest oil producing country in Latin America by the end of this decade, particularly if conditions in neighbouring Venezuela fail to improve and Mexico's decline in output progresses. Oil production in...

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Noble targets more Guyanese for offshore careers with 2026 Cadet Scholarship launch

Noble Corporation has officially launched the 2026 cycle of its Cadet Scholarship Program, expanding its efforts to train more...