Regional

Push local content, don’t forget about Suriname’s other sectors – Business Development CEO 

Paramaribo, Suriname - In an interview at the recent Suriname Energy Oil & Gas Summit, Ileana Ferber, Chief Executive Officer and founder of Colibri Business Development urged the South American nation to balance local content development alongside the growth...

Suriname Energy Conference returns this week as nation gears up for first landmark offshore development 

Paramaribo, Suriname: The fourth Suriname Energy, Oil & Gas Summit (SEOGS) returns this week from June 4-7 in Paramaribo under the theme; “The Next Stage of Success”. The host remains Suriname’s state oil firm, Staatsolie. The event will be held...

Increased hydrocarbon production ups IMF growth estimate for Brazil

An International Monetary Fund (IMF) team, led by Ana Corbacho and Daniel Leigh, conducted discussions with Brazilian authorities and stakeholders for the 2024 Article IV Consultation from May 15-27, 2024. The IMF issued a statement highlighting Brazil's economic resilience...

Trinidad hopeful existing gas infrastructure gives it edge over rising stars Guyana and Suriname

Trinidad and Tobago's Minister of Energy and Energy Industries, Stuart Young, said the country is advantaged in terms of its ability to attract investment in gas exploration and development, due to its established gas infrastructure. During an early May...

Trinidad has 10 years of gas production left from current reserves – Energy Minister

Trinidad and Tobago has about 10 years of gas production left based on less than 12 trillion cubic feet (tcf) of natural gas reserves, Minister of Energy and Energy Industries, Stuart Young said during a May 29 live press...

S&P ranks Guyana top upstream investment destination among Atlantic Margin basins

S&P Global analysts have placed Guyana at the top of a list of 10 Atlantic Margin basins, in its assessment of which countries offer a conducive investment environment for long-term upstream projects.  The firm noted that recent discoveries by international...

Touchstone sees 20% decline in oil, natural gas sales last quarter

Touchstone Exploration, a Trinidad-focused energy company, announced its financial outcomes for the first quarter of 2024, which note a 20% decrease in sales from oil and natural gas compared to the last quarter of 2023. In the latest quarterly financial...

Petrobras bets on strong supply chain to put 14 platforms into production 

Brazil’s state-owned Petrobras said it will need a “broad and qualified supply chain” to meet the demand for new production systems it aims to install by 2028. This point was made by its Director of Engineering, Technology and Innovation,...

Int’l community will not allow Maduro to play Putin’s Ukraine card in Western Hemisphere – Fmr Colombian Pres.

Former Colombian President Ivan Duque believes that the situation unfolding in Ukraine will not be replicated in the Western Hemisphere, because of the international community’s support for Guyana.  Russia invaded Ukraine back in 2022 in an escalation of the Russo-Ukrainian...

Petrobras receives OTC award for innovations in Campos Basin revitalization

The Offshore Technology Conference (OTC) presented a Distinguished Achievement Award to Petrobras in the “Companies, Organizations, and Institutions” category.  Petrobras garnered recognition for its innovations in revitalizing mature fields within the deepwater Campos Basin, particularly advancements in the Marlim field. Jean...

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Guyana taps Fulcrum LNG to partner with Exxon, government on gas development

Guyana has identified Fulcrum LNG to potentially partner with it and ExxonMobil on a natural gas development, President Irfaan...