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Venezuela crude inventories mount as exports drop ahead of sanctions deadline

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(Reuters) Crude inventories at Venezuela’s main oil export terminal, Jose, have hit their highest levels since August as customers shy away from state oil company Petroleos de Venezuela due to U.S. sanctions, a document seen by Reuters on Monday...
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BP drops operatorship of sensitive exploration block offshore Brazil

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(S&P Global Platts) BP has handed over operatorship of an environmentally sensitive exploration block offshore Brazil in the Amazon Delta to state-run oil company Petrobras, BP confirmed Oct 26. Petrobras will take over the operation of the FZA-M-59 block in...
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PETRONAS reports 2 dead in vessel collision with platform structures off Malaysia

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Malaysian oil and gas company PETRONAS said Tuesday an incident involving a vessel which made contact with platform structures occurred at the Baram field, 14 nautical miles off Miri at 6.23 am on October 27, 2020. The vessel, MV Dayang...
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As Guyana FPSO orders grow, one quarter of global floater fleet under threat of being scrapped

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The pandemic-driven downturn in the oil and gas industry is threatening the global floater fleet which could see up to a quarter of the installations being scrapped, even as orders for new oil producer Guyana is set to grow. Rystad...
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From jungle training to pandemic relief efforts – CDC volunteers making a difference

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The Civil Defense Commission’s (CDC) Voluntary Emergency Response Team (VERT) programme which began in 2018 with support from ExxonMobil Guyana, the University of Guyana, the Caribbean Disaster Emergency Management Agency and the Guyana Defence Force, is now playing an...
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T&T Energy Chamber and Staatsolie sign MoU to build HSE capacity in Suriname

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The Energy Chamber of Trinidad & Tobago (ECTT) and Suriname state oil company Staatsolie Maatschappij Suriname N.V. (Staatsolie) have signed a Memorandum of Understanding (MoU) to collaborate on building health, safety and environmental (HSE) capacity in the Surinamese oil...
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Venezuela says it has produced drug capable of eliminating COVID-19

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(teleSUR) Venezuela’s President Nicolas Maduro Sunday announced the discovery of a high-effective treatment capable of eliminating COVID-19 and pointed out that a drug will be presented to the World Health Organization (WHO) for certification. The treatment, based on a molecule called TR-10, was designed...
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Oil price slides below $39 as Libya ramps up production

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(Bloomberg) --Oil extended its slide to a second day on a cocktail of surging coronavirus cases in the U.S. and Europe, dwindling prospects for pre-election stimulus in Washington and a steady resumption of supply from Libya. Futures in New York...
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IDB expects Guyana’s ‘huge deepwater oil discoveries’ to keep growing

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The Inter-American Development Bank (IDB) expects the mega deepwater oil discoveries offshore the South American country of Guyana will keep growing in the coming years as more companies explore for hydrocarbon resources. The number of companies operating in the offshore...
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“It’s a great time to be a woman entrepreneur in Guyana” says new business owner

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With the emergence of offshore exploration and production activities in Guyana, more Guyanese have been positioning themselves to benefit from growing business opportunities in the country with one such individual making it clear; “It’s a great time to be...
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Exxon gives back portion of Stabroek Block to Guyana government

ExxonMobil and its partners in Guyana have relinquished 2,534 square kilometers of the Stabroek offshore oil block to the...

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