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Regional

Venezuela said to prepare plan B should U.S. ban oil imports

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(Bloomberg) Venezuela’s state-owned oil company and its partners have quietly started working on a Plan B to find markets for the country’s crude oil if the White House ratchets up sanctions and bans imports. Venezuela’s oil exports are vital to...
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US imposes sanctions on Venezuelan leader Nicolas Maduro

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(BBC) The US government has branded Venezuela's President Nicolás Maduro "a dictator" and frozen any US assets, after he held a controversial poll to elect a constituent assembly. Under the sanctions, US firms and individuals are banned from doing business...
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Venezuela’s Maduro claims poll victory as opposition cries foul

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(BBC) Electoral officials in Venezuela say turnout in the controversial election for a constituent assembly was 41.5%, a figure disputed by the opposition. The opposition coalition said 88% of voters abstained and it refused to recognise the election. It also...
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Tullow updates exploration offshore Suriname, Guyana

OilNOW -
(Offshore) Tullow Oil says a rig, reportedly the drillship Noble Bob Douglas, has been secured for a well this fall on the 500 MMbbl-plus Araku prospect offshore Suriname. Araku is a large structural trap which has been de-risked by results of a 3D seismic...
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Ban on Venezuelan oil imports to US could unify the chavistas – US Senator

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As US officials remain divided on the exact measures that should be taken against Venezuela should a July 30 vote that could strip lawmakers of their constitutional power, goes through, one Senator is warning that a ban on Venezuelan...
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ExxonMobil, Hess and Statoil farm into Suriname blocks

OilNOW -
Suriname state oil company Staatsolie and the consortium consisting of ExxonMobil, Hess and Statoil have reached an agreement regarding a PSC for Block 59 offshore Suriname. At the same time, an agreement was reached with Statoil for Block 60. The...
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Alaska court to rule on oil wealth payments to state residents

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An Alaska lawmaker is making one last legal push to put about $1,000 back in the hands of nearly every state resident for their share of Alaska’s oil wealth. Sen. Bill Wielechowski is scheduled to argue Tuesday to the Alaska...
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BP produced over 12 billion barrels of oil in 40yrs of production at Prudhoe Bay

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The BP-operated Prudhoe Bay oil field in Alaska has reached 40 years of production, a milestone highlighting its historic contribution to US energy security and ongoing role as a key economic engine for the region. BP said in a press...
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McDermott awards major Trinidad & Tobago contract to PJ Valves

OilNOW -
PJ Valves (PJV) and PJ Piping (PJP), the specialist manufacturers and suppliers of valves and piping components for the global energy industry, have been awarded a major contract by McDermott International Inc. to supply valves and piping elements for...
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Tullow contracts Noble for offshore drilling in Suriname

OilNOW -
UK-based Tullow Oil has contracted US-driller Noble Corporation for an exploration well on its "game changer" Araku prospect offshore Suriname, South America. Tullow has contracted the Noble Bob Douglas drillship from early October to early November, this year. According to an...
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SLB expands presence in Suriname with new office

SLB has strengthened its presence in Suriname with the opening of a new office in Paramaribo, reinforcing its commitment...

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