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American Airlines is first U.S. carrier to offer nonstop flights to Suriname

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American Airlines has become the first and only U.S. carrier to offer nonstop service to Suriname, connecting its Miami hub with Johan Adolf Pengel International Airport (PBM) five times per week with an Airbus A319. “In 2021 we have continued...
News

Venezuela gov’t & opposition unite around claims over Guyana’s territory at Mexico talks

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The Venezuelan government and its political opposition found limited areas of agreement during a second round of negotiations in Mexico aimed at achieving broad U.S. sanctions relief. But the two sides did reach consensus on a territorial claim with...
News

TechnipFMC says Brazil contracts ‘significant’

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TechnipFMC and its joint venture (JV) partner DOF Subsea have been awarded significant long-term charter and services contracts by Petrobras for the pipelay support vessels Skandi Vitória and Skandi Niteroi. The Brazilian-built and flagged vessels are owned by DOFCON Navegação...
News

Maduro in major bid to attract more oil investments as top China producer pushes to revive output

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(Bloomberg) China’s top oil producer is laying the groundwork to revive output in Venezuela as President Nicolas Maduro finalizes legislation to attract more international investment. Once a major investor in the OPEC nation, China National Petroleum Corp. is sending engineers and commercial...
News

PEMEX production could take a hit following platform fire, says Fitch

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PEMEX's reported fires at its Ku-Maloob-Zaap (KMZ) production fields may slow the company's production growth rates, as this field is the company's largest production complex, according to Fitch Ratings. Fitch's current rating case assumes that the company's production levels will...
Exploration

Brazil planning to expand Open Acreage program – could unlock smaller oil deposits

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(S&P Global Platts) Brazil plans to expand the country's Open Acreage program to include exploration and production blocks inside the subsalt polygon that requires production sharing contracts in a move that could unlock development of smaller oil and natural...
News

Petrobras begins production at largest FPSO in Brazil

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Petrobras began producing oil and natural gas on Monday from the FPSO Carioca the first definitive production system installed in the Sepia field, in the pre-salt of the Santos Basin. The Brazilian state oil company said this will be...
News

South America’s new deepwater players serious about partnership and prosperity

OilNOW -
Following a four-day official visit to Guyana, President of Suriname, Chandrikapersad Santokhi is taking home news of new partnerships with Guyana after extensive meetings with President, Dr. Mohamed Irfaan Ali and the Guyanese government. The two countries have decided to...
News

Investments and opportunities growing in South America’s new oil producing nation

OilNOW -
With Guyana approaching its second year as an oil-producing nation, the small South American country, with a population of approximately 750,000 continues to see increasing benefits from its resource-rich Exclusive Economic Zone (EEZ), in which its vast oil fields...
News

Guyana, Suriname exploring unification of economic spaces – senior minister

OilNOW -
The Presidents of Guyana and Suriname, Dr. Mohamed Irfaan Ali and Chandrikapersad Santokhi, have discussed at length, ways in which the two countries can unify their economic spaces. So said senior minister in the Office of the President with responsibility...
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Stena Drilling invests over US$85M in Guyana, employs 157 locals

Since 2016, Stena Drilling has contributed significantly to Guyana’s economy through local investments and job creation. Stena DrillMAX en route...

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