Regional

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Mexico investments in jeopardy as Guyana, Brazil and others push hard to develop oil resources

OilNOW -
Political instability has always been the Achilles' heel of Latin America. Investments in the region have often been jeopardized by governments who make changes to what came before. The energy sector has been particularly affected, as it has been...
News

Venezuela oil worker on house arrest after criticizing Maduro

OilNOW -
(Reuters) - Venezuelan authorities granted house arrest to a worker at state oil company Petroleos de Venezuela who was detained nearly a year ago after criticizing President Nicolas Maduro in a meeting with company leadership, the worker’s family said...
News

Huge explosion hits gas pipeline in Venezuela, minister blames it on attack

OilNOW -
(Reuters) - A tract of a gas pipeline in eastern Venezuela suffered an explosion on Saturday afternoon, according to a report from state oil company PDVSA seen by Reuters, an incident the country’s oil minister blamed on an attack. The...
News

Siemens awarded EPC contract for South America FPSO

OilNOW -
Siemens Energy said Friday it was awarded a topside EPC contract by MISC Berhad for eight complete topside modules that will provide sustainable, efficient, and environmentally friendly power generation, transmission, and distribution, as well as gas processing and compression...
News

Development of mega Guyana-Suriname shore base facility must be pursued – Staatsolie boss

OilNOW -
With Guyana and Suriname poised for significant expansion in their offshore oil exploration and production activities, the need for adequate shore base facilities will become more pressing and therefore needs to be urgently addressed. This point was raised on...
Exploration

Disappointment for Tullow as Suriname well fails to deliver commercial crude

OilNOW -
Tullow Oil said on Thursday the Goliathberg-Voltzberg North (GVN) exploration well, drilled in Block 47, offshore Suriname, has reached total depth and encountered good quality reservoir but only minor oil shows. The Stena Forth rig drilled the GVN prospect to...
Exploration

Guyana discoveries redefining Caribbean region’s oil potential – Dr. Anthony Bryan

OilNOW -
With 18 discoveries offshore Guyana equating to nine billion barrels of recoverable oil resources, the record-making results of oil exploration in the South American country has resulted in the re-examination of the Caribbean region as an oil-rich area. This is...
News

PEMEX discovers billion-barrel oil field in Mexico

OilNOW -
(Bloomberg) --Petroleos Mexicanos (PEMEX) discovered what’s expected to be a billion-barrel oil field in Tabasco as it aims to reverse a decade and a half of sinking production. The new field at the southern part of the Gulf of Mexico,...
News

Total-Apache FID for Suriname Block 58 expected this year – analyst

OilNOW -
Total and Apache are expected to make their Final Investment Decision (FID) to develop oil fields at Block 58 offshore Suriname later this year in what experts say could be the second fastest ramp up in oil production activities...
News

Tullow plans to ‘unlock value’ from Guyana oil block, Suriname well results expected soon

OilNOW -
Tullow Oil said on Wednesday it is working with its partners offshore Guyana to develop plans for unlocking value from the Kanuku licence. The company also announced that drill results from the Goliathberg-Voltzberg North well at Block 47 in...
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NewsKemol King -

Authorities say CGX has been treated fairly, insist no dispute exist with company

There is no dispute between CGX Energy and the Guyana government, the country's Minister of Natural Resources, Vickram Bharrat,...

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