Saturday, May 21, 2022

Regional

South American oil nations sign MoU to explore development of energy corridor

Guyana’s President Dr. Mohamed Irfaan Ali said on Monday the South American country along with Brazil and Suriname will explore the development of an energy corridor linking the oil producing nations. He said that Guyana is also committed to the...

Peru calls bid round as crude output dwindles

(S&P Global Platts) Peru's government plans to call for bids in June for up to seven crude oil producing blocks on its northern coast as production dwindles. The blocks in the Talara Basin, both onshore and offshore, lie in mature...

Brazil, Suriname to cooperate on local content, renewable energy opportunities

The historic meeting on Thursday between Heads of State for South America’s oil and gas producers, specifically President of the Republic of Suriname, H.E. Chandrikapersad Santokhi and President of the Federative Republic of Brazil, H.E. Jair Messias Bolsonaro, has...

Leaders of South American oil nations set for talks this week

Guyana’s President Dr. Mohamed Irfaan Ali is scheduled to make a working visit to Paramaribo on Thursday to meet with the President of the Republic of Suriname, Chandrikapersad Santokhi, and the President of Brazil, Jair Bolsonaro. According to an update...

Venezuela production hit 750,000 b/d in December but growth may not be sustainable

OPEC's 13 countries pumped 28.04 million b/d of crude last December, up 190,000 b/d from the previous month, while nine non-OPEC partners pumped 13.98 million b/d, an increase of 120,000 b/d, a Platts survey found. Gains by Venezuela, Kazakhstan, Saudi...

Maersk Drilling awarded one-well extension for Suriname campaign

TotalEnergies E&P Suriname, Suriname Branch has exercised an option to add the drilling of one additional well in Block 58 offshore Suriname to the work scope of the drillship Maersk Valiant. The contract extension has an estimated duration of 100...

Whirlwind of condemnation from Guyana private sector over objections to local content law from regional group

Private sector representatives in Guyana are outraged over a leaked email from Chairman of the CARICOM Private Sector Organization (CPSO), Gervase Warner, who is quoted as stating that Guyana’s Local Content Law contains several provisions that are in contravention...

South America’s oil giant and upcoming star looking to forge strategic partnership

South American oil giant, Brazil, and Guyana, the world's hottest exploration hotspot with an incredible string of discoveries in the Stabroek Block, are poised to deepen their bilateral relations. Towards this end, Guyana's President, Dr. Irfaan Ali held a teleconference...

Brazil looking to tap oil at same geologic trend delivering big discoveries in Guyana

Brazil's state-run oil company Petrobras will begin exploration this year at a resource-rich region along the country’s northern coast that falls in the same geologic trend containing the massive offshore discoveries made in neighboring Guyana. According to Petrobras reservoir executive...

U.S. responding to soaring natural gas prices with major supply ramp up

By Ed Crooks - Vice-Chair, Americas at Wood Mackenzie “We have furnished the British great material support and we will furnish far more in the future. There will be no ‘bottlenecks’ in our determination to aid Great Britain.” President Franklin...

Latest News

T&T eyes preferred bidder for Point-a-Pierre refinery

Trinidad and Tobago has identified another suitable bidder for the sale or lease of the state-owned Point-a-Pierre oil refinery,...