Saturday, September 18, 2021

Regional

International players no longer see an upside in Venezuela oil projects – GlobalData

Two international oil and gas players in Venezuela, TotalEnergies and Equinor, recently divested their respective 30.32% and 9.67% interest in the largest project, Petrocedeno, to the state-owned Petróleos de Venezuela S.A (PDVSA) company. According to GlobalData, this means that...

Large reserves, stable legal framework crucial to oil investments – energy expert

Countries with large oil and gas reserves and a stable legal environment are best positioned to benefit from major investments. Sheky Espejo, a contributor at S&P Global Platts, said in a recent podcast that companies operating in Latin America...

American Airlines is first U.S. carrier to offer nonstop flights to Suriname

American Airlines has become the first and only U.S. carrier to offer nonstop service to Suriname, connecting its Miami hub with Johan Adolf Pengel International Airport (PBM) five times per week with an Airbus A319. “In 2021 we have continued...

Venezuela gov’t & opposition unite around claims over Guyana’s territory at Mexico talks

The Venezuelan government and its political opposition found limited areas of agreement during a second round of negotiations in Mexico aimed at achieving broad U.S. sanctions relief. But the two sides did reach consensus on a territorial claim with...

TechnipFMC says Brazil contracts ‘significant’

TechnipFMC and its joint venture (JV) partner DOF Subsea have been awarded significant long-term charter and services contracts by Petrobras for the pipelay support vessels Skandi Vitória and Skandi Niteroi. The Brazilian-built and flagged vessels are owned by DOFCON Navegação...

Maduro in major bid to attract more oil investments as top China producer pushes to revive output

(Bloomberg) China’s top oil producer is laying the groundwork to revive output in Venezuela as President Nicolas Maduro finalizes legislation to attract more international investment. Once a major investor in the OPEC nation, China National Petroleum Corp. is sending engineers and commercial...

PEMEX production could take a hit following platform fire, says Fitch

PEMEX's reported fires at its Ku-Maloob-Zaap (KMZ) production fields may slow the company's production growth rates, as this field is the company's largest production complex, according to Fitch Ratings. Fitch's current rating case assumes that the company's production levels will...

Brazil planning to expand Open Acreage program – could unlock smaller oil deposits

(S&P Global Platts) Brazil plans to expand the country's Open Acreage program to include exploration and production blocks inside the subsalt polygon that requires production sharing contracts in a move that could unlock development of smaller oil and natural...

Petrobras begins production at largest FPSO in Brazil

Petrobras began producing oil and natural gas on Monday from the FPSO Carioca the first definitive production system installed in the Sepia field, in the pre-salt of the Santos Basin. The Brazilian state oil company said this will be...

South America’s new deepwater players serious about partnership and prosperity

Following a four-day official visit to Guyana, President of Suriname, Chandrikapersad Santokhi is taking home news of new partnerships with Guyana after extensive meetings with President, Dr. Mohamed Irfaan Ali and the Guyanese government. The two countries have decided to...

Latest News

Guyana’s oil and gas development will offer another strong rebuke against Venezuelan aggression

By Wazim Mowla – OilNOW The development of Guyana’s oil and gas sector is its best chance to maintain its...