Regional

Bolsonaro picks new frontrunner for Petrobras

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 starts up gas production at Colibri project offshore Trinidad

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...

Exxon drilling in area that could contain 1 billion barrels

(Reuters) - U.S. oil producer Exxon Mobil Corp is drilling in a new area offshore of Brazil that could have as much as 1 billion barrels of oil and gas, its partner Murphy Oil said on Tuesday. If exploration is successful,...

Guyana wants assurances its sovereignty not part of US discussions with Venezuela – VP Jagdeo

As United States President Joe Biden looks for ways to lower gas prices, Guyana wants to make sure the North American nation’s support for its territorial integrity will not be made to hang in the balance. This was related to...

Guyana seen as better option than Venezuela, in Biden’s bid to lower US gas prices

Miami Herald columnist, Andres Oppenheimer says that if President Joe Biden of the United States wants to lower gas prices there, he would be better off negotiating with Guyana, rather than Venezuela. “President Biden recently sent a team of senior...

Biden administration faces hurdles with any potential Venezuela oil deal

By John Kimelman In 2019, the U.S. imposed a ban on the importation of Venezuela oil shortly after President Nicholas Maduro won reelection in a vote widely seen as fraudulent. But the Biden administration is reconsidering that decision in the wake...

Rubio among those criticizing Biden administration over Venezuela visit

When senior officials from the Joe Biden administration -- including the National Security Council's director for the Western Hemisphere, Juan Gonzalez, and the US special presidential envoy for hostage affairs, Roger Carstens -- were dispatched to Caracas over the...

Maduro says Venezuela and U.S. have agreed to work on ‘issues of interest’

(AP) — Venezuela President Nicolás Maduro signaled an interest in improving relations with the U.S. following weekend talks with high-level American officials prompted in part by Russia’s invasion of Ukraine and concerns of rising gas prices in the U.S. Maduro,...

TotalEnergies strikes more oil at Suriname’s Block 58

TotalEnergies and APA Corporation said on Monday they have made a significant new oil and associated gas discovery at the Krabdagu-1 well, in the central area of Block 58, offshore Suriname. This follows previous discoveries at Maka, Sapakara, Kwaskwasi...

2022 is critical year for Brazil to consolidate New Gas Market

(S&P Global Platts) Brazil's natural gas industry received a significant push forward with approval of the country's New Gas Market, but it faces a critical year in 2022 to consolidate implementation of the regulatory regime and create the foundation...

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Trinidad says 10-barrel oil spill contained after Venezuela alleges environmental damage

Trinidad and Tobago said on Sunday it had contained a small offshore oil spill after neighboring Venezuela accused the...