The final results in what is being described as the ‘mother of all elections’ is now dependent on the verification of votes from the most populous district in South America’s newest oil producing country – Guyana.
As of Wednesday evening,...
South America is home to several regions of offshore expansion, with few basins currently displaying more growth potential than the Guyana Suriname Basin. Exploration in this area continues to impress and the list of oil and gas participants is...
South America’s newest oil producer Guyana is on track to ramp up production to more than 750,000 bpd by 2025 from multiple developments at massive oil fields located off the country’s coast at the 6.6 million acres Stabroek Block.
Speaking...
(Reuters) - Venezuela’s judiciary has moved to seize the assets of six private shipping agencies over debts to state oil company Petroleos de Venezuela (PDVSA) , according to a document seen by Reuters and two people with knowledge of...
(Bloomberg) - Chevron plans as much as $80 billion in dividends and share buybacks over the next five years, boosting distributions by 20% compared with the most recent pace of payouts as the U.S. oil giant ramps up production...
Senior Director of Americas Market Intelligence (AMI), political analyst Remi Piet said Guyana’s general and regional elections which took place on Monday in the South American oil producing nation could be a close one to call.
Piet said the elections...
Ampelmann has added Guyana as a new market to its global portfolio. In a contract with Dutch floater specialist SBM Offshore, the company assisted the hook-up and commissioning of the FPSO Liza Destiny, currently spread moored offshore Guyana producing...
(Bloomberg) --Oil rebounded from its worst week since 2008 as the world’s central banks sought to stabilize financial markets, while hopes grew that OPEC+ will deepen output cuts following the coronavirus outbreak.
Futures rose as much as 4.4% in New...
(Reuters) - Mercantile & Maritime said on Monday it would terminate its shipments of Venezuelan oil for Rosneft after the United States imposed sanctions on the Russian oil firm’s Swiss trading unit.
Washington imposed sanctions in February on Rosneft’s Geneva-based...
ExxonMobil, operator at the 6.6 million acres Stabroek Block offshore Guyana is looking to move ahead with its fourth development in the South American country at the Hammerhead field. This latest development will follow the Liza Phase 1 and...
