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U.S. reimposes sanctions on Venezuela after opposition elections ban upheld

Shikema Dey -
Venezuela’s top court on Jan. 26 closed the door on key opposition candidates running against Nicolas Maduro for the presidency later this year. The Biden administration, in turn, reimposed the sanctions it had eased in a push for free...
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Petrobras said it surpassed production milestones in 2023

OilNOW -
Brazilian state-owned oil and gas company Petrobras said it has exceeded its strategic 2023-27 guidance, achieving new oil and gas production milestones in 2023.  Petrobras said it achieved a total oil and natural gas production of 2.78 million barrels of...
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Guyana among top 10% of countries with least debt – Ramkarran

OilNOW -
Prominent attorney, politician, and former Speaker of the National Assembly, Ralph Ramkarran, wrote in a recent column about Guyana’s strong debt position, noting that the country is among the top 10% of countries with the least debt. This distinction...
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As Guyana’s budget expands by almost half, oil will fund 29%

Kemol King -
Guyana's 2024 national budget, set at a new high of US$5.496 billion (GY$1.146 trillion), reflects a 47% increase compared to the 2023 budget of US$3.75 billion (GY$781.9 billion). This expansion is being partially fueled by the nation's increasing oil...
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QatarEnergy in new 15-year deal to supply LNG to Bangladesh

OilNOW -
QatarEnergy and Excelerate Energy (Excelerate) signed a long-term liquefied natural gas (LNG) sale and purchase agreement (SPA) for the supply of LNG from Qatar to Bangladesh.  Under the SPA, Excelerate will purchase up to one million tons per annum (MTPA)...
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Guyana to invite bids this year for monitoring Exxon’s oil production – Jagdeo 

OilNOW -
The Guyana government is expected to invite bids this year for the monitoring of daily oil production data from ExxonMobil’s Stabroek block projects.  Vice President Bharrat Jagdeo, during his Jan. 25 press conference, told reporters that funds were allocated for...
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Young says Trinidad targeting deepwater bid round this year 

OilNOW -
Trinidad’s Minister of Energy and Energy Industries, Stuart Young, announced that the country is expected to launch a deepwater bid round this year to shore up its gas resources.  “We are committed to sustaining production through investment in our hydrocarbon...
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ExxonMobil files lawsuit to block push by investors for stricter emissions targets, says agenda ‘extreme’

OilNOW -
Exxon Mobil Corp. has taken an unprecedented legal step to thwart a shareholder vote on more stringent emissions targets set for its May meeting.  Filing a lawsuit in a Texas court, the oil giant is challenging a proposal by investors,...
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Petrobras cops OTC distinguished achievement award for deepwater innovations

OilNOW -
The Offshore Technology Conference (OTC) has bestowed Petrobras with the distinguished achievement award for companies, organizations, and institutions, recognizing the company's advancements in the revitalization of the Marlim Field and the broader deepwater Campos basin.  OTC said the accolade underscores...
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Halliburton invites EOIs for spill containment services at Guyana mud plant 

OilNOW -
Oil service company, Halliburton Guyana Inc., has invited expressions of interest (EOIs) for spill containment services.  In a public notice, Halliburton said the scope of work covers on-call services for emergency actions in the event of a spill at its...
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Suriname’s GranMorgu offshore oil project is 23% complete 

PARAMARIBO, SURINAME – On Tuesday, October 21, representatives from TotalEnergies and Staatsolie met with President Jennifer Geerlings-Simons to report...

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