The Federative Republic of Brazil is preparing to increase its oil production by 300,000 barrels per day (bpd), a nearly 10% hike from its current approximate output of 3 million bpd, according to Americas Market Intelligence (AMI).
Energy Co-Director at...
(Reuters) - JP Morgan on Wednesday lowered its outlook for global oil demand for 2022 by one million barrels per day (bpd) citing higher oil prices, a deteriorating growth outlook and escalating geopolitical tensions.
"We now see total oil demand...
President of the Brazilian Republic, Jair Bolsonaro is set to visit Guyana on Friday, May 6, to strengthen relations between Guyana and Brazil.
President Dr. Mohamed Irfaan Ali had said that Guyana should improve its relationship with its Portuguese-speaking neighbour.
Brazil...
Much focus is being placed on Guyana’s oil and gas successes since the year began, but Hess Corporation is not taking its eyes off Suriname’s potential.
In fact, during the company’s Q1 earnings call on Wednesday, Chief Operating Officer (COO) Greg...
Brazil’s state oil company Petrobras finally has a new Chief Executive Officer (CEO) Jose Mauro Coelho, putting an end to the messy public leadership change.
Coelho took up his appointment last week in the presence of Brazil’s Minister of Mines and Energy, Bento...
(S&P Global Platts) Crude oil production by OPEC and its allies fell in March from February for the first time in more than a year, the latest S&P Global Commodity Insights survey found, contributing to a tightening market thrown...
(Reuters) - The chair of the ad-hoc board of Venezuela's state-owned oil company PDVSA (PDVSA.UL), which controls some of its most important foreign assets, said earlier this month it was very likely that Washington will extend Chevron's license to operate...
Brazilian state-run oil company Petrobras recently announced the discovery of a new accumulation of oil in the pre-salt of the southern part of the Campos Basin in a pioneer well in the Alto de Cabo Frio Central block.
The Well 1-BRSA-1383A-RJS (Alto de Cabo...
Brazilian President, Jair Bolsonaro on Thursday tapped José Mauro Ferreira Coelho to take over as the top executive of the state-owned Petroleo Brasileiro SA or Petrobras after ousting his predecessor Joaquim Silva e Luna amid rising fuel costs.
Back in...
Shell Trinidad and Tobago (T&T), through Shell PLC subsidiary BG International Ltd., announced recently that it started production at the Colibri natural gas field offshore the Twin Island Republic.
In a statement, the company explained that ‘Project Colibri’ is a backfill project that is expected to...
