Regional

A look at Latin America & Caribbean countries pursuing new oil & gas bid rounds

Countries in Latin America and the Caribbean, like their counterparts around the world, are forging ahead with plans to accelerate the development of their oil and gas resources. This has seen countries such as Guyana and Suriname rolling out...

Guyana’s Petroleum portal back up after hacking spurred by Court ruling on border case

Guyana’s Petroleum Management Programme has been restored one week after hackers vandalised the website. The malicious attack left the pages littered with graphics claiming ‘EL ESEQUIBO ES VENEZUELA’, a statement promoting Venezuela’s position on the border controversy, and maps...

Petrobras eyes more gas production with two new FPSO charters 

Aiming to boost Brazil’s natural gas supply, the state-owned Petrobras issued tenders for two production platforms for its Sergipe Deepwater Project (SEAP), in the Sergipe-Alagoas Basin, about 100 km off the country’s coast.  Besides expanding Brazil’s availability of natural gas,...

Arrests climb to over 30 in PDVSA billion dollar oil scandal: 67 warrants issued – Venezuela AG 

The PDVSA billion dollar oil scandal runs deep with the arrests now at 34, according to Venezuela’s Attorney General Tarek Saab. Venezuelan authorities have also issued 67 arrest warrants, 30 of which are for public officials and financial operators...

Exxon cuts losses from Brazil after third dud, focus shifted to Guyana, Permian

After a third dud, ExxonMobil has abandoned current drilling efforts in Brazil’s deepwater acreage, according to a Wall Street Journal report.  WSJ’s sources indicate that Exxon has shifted geologists and engineers from Rio de Janeiro to its other prospects in...

World Court strikes out Venezuela’s roadblock against Guyana’s case to end the Essequibo controversy

The International Court of Justice (ICJ) on Thursday struck down Venezuela's preliminary objection against the admissibility of Guyana's case before the Court. The ruling removes a roadblock Venezuela intended to set up to prevent a final settlement of the...

April 6 set for World Court ruling on Venezuela’s preliminary objections in border case with Guyana

The International Court of Justice (ICJ) said it will make a key ruling in the border case between Guyana and Venezuela: Arbitral Award of 3 October 1899 (Guyana v. Venezuela). The judgment is not related to the conclusion of...

19 out of 21 charged in PDVSA’s missing US$21.2B scandal 

Charges of appropriation or distraction of public patrimony, money laundering and association, influence peddling, among other crimes were laid against 19 of the 21 persons fingered in the massive US$21.2 billion PDVSA scandal.  In a Tweet, Venezuela’s Attorney General Tarek...

PDVSA scandal will not affect T&T Dragon Gas Deal negotiations – Young 

Trinidad and Tobago’s Energy Minister Stuart Young remains confident that the current PDVSA scandal will in no way affect its ongoing negotiations with Venezuela on the Dragon gas deal.  Young was forced to comment after Venezuela’s Energy Minister, Tareck Al...

The missing US$21.2B at the centre of Venezuela’s latest corruption scandal

Venezuela’s PDVSA is making headlines again. And not in a positive way.  Just when Venezuela’s oil industry appeared to be on the rebound, PDVSA has been hit with a major corruption scandal investigation, one that has seen its Energy Minister...

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Cost estimate for Exxon’s Whiptail project slashed by US$200 million

ExxonMobil’s cost estimate for the Whiptail development, recently approved by the Guyana government, has been slashed by approximately US$200...