Regional

Today marks 122 years since the boundary between Guyana and Venezuela was fixed

By Guyana’s Ministry of Foreign Affairs and International Cooperation October 3 is a special day to Guyana and to Venezuela. It is special to the rule of law internationally. It is special to peace and justice worldwide. 122 years ago, on...

Disappointment at Suriname’s Block 58 as Keskesi fails to deliver commercial oil

APA Corporation announced on Wednesday the results from appraisal drilling at Keskesi South-1 on Block 58 offshore Suriname. APA Suriname holds a 50% working interest in the block, with TotalEnergies, the operator, holding a 50% working interest. Keskesi South-1, drilled...

Fugro completes one of its largest geohazard programmes in the region at Block 58

Fugro has finalised fieldwork on a site investigation programme for TotalEnergies off the north-west coast of Paramaribo in Block 58 of the Guyana-Suriname Basin. The project sits approximately 150 km offshore in water depths ranging from 60 m to 2100...

Builder of Guyana FPSOs completes US$635 million loan for giant Brazil floater

Dutch floater specialist SBM Offshore announced Thursday that it has secured a US$635 million bridge loan facility for the financing of the construction of FPSO Almirante Tamandaré. The facility was secured by the special purpose company which will own FPSO Almirante Tamandaré....

Touchstone makes major discovery in Trinidad at deepest exploration well to date

Touchstone Exploration Inc. announced on Friday that it has completed drilling the Royston-1 exploration well and is pleased to announce that the well encountered substantial hydrocarbon accumulations based on drilling and wireline log data. Royston-1 was drilled to a total...

Rome court says no to extradition of Venezuela ex-oil czar

(AP) — A Rome court has rejected a request by Venezuela to extradite its former oil czar to face corruption charges, citing the country’s record in violating human rights, his Italian lawyer said Monday. Rafael Ramirez, the longtime head of...

International players no longer see an upside in Venezuela oil projects – GlobalData

Two international oil and gas players in Venezuela, TotalEnergies and Equinor, recently divested their respective 30.32% and 9.67% interest in the largest project, Petrocedeno, to the state-owned Petróleos de Venezuela S.A (PDVSA) company. According to GlobalData, this means that...

Large reserves, stable legal framework crucial to oil investments – energy expert

Countries with large oil and gas reserves and a stable legal environment are best positioned to benefit from major investments. Sheky Espejo, a contributor at S&P Global Platts, said in a recent podcast that companies operating in Latin America...

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

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...

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

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...

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How subsea tiebacks support oil production in Guyana’s Stabroek Block

Subsea tiebacks are playing a key role in the development and expansion of offshore oil production in Guyana’s Stabroek...