By Hans Jacob Bassoe
Bassoe Offshore
In the span of just five years, ExxonMobil has had 18 successful discoveries in the Guyanese Stabroek Block alone and proven recoverable resources of more than 9 bboe. And the operator does not plan on slowing...
The oil production decline that the coronavirus pandemic brought to Argentina’s Vaca Muerta formation now seems like a distant memory, Norway based Rystad Energy said on Wednesday. The reserve’s oil output has not only rebounded to pre-pandemic levels but...
Venezuelan authorities have released the two Guyanese fishing vessels and 12 crew members that were detained almost two weeks ago by its navy. Guyana has maintained that the vessels were operating well within its waters at the time of...
Average crude output by Venezuela's state-owned PDVSA and its foreign partners in January rose to 520,000 b/d, or 100,000 b/d more than December, according to daily production reports reviewed by S&P Global Platts.
Also, the preliminary average of Venezuelan crude...
Brazil is facing intense competition for oil investments from countries around the globe, including neighbors Guyana, Suriname and Uruguay, and policy makers in Latin America’s biggest economy are now hammering out a new regulatory and production-sharing framework to make...
Petrobras said on Friday it has identified the presence of hydrocarbon in a pioneer well in the CM-411 block, located in the Campos Basin pre-salt, in the State of Rio de Janeiro.
Well 1-BRSA-1377-RJS, informally called Urissanê, is located approximately...
Since issuing a new decree on January 7 in what Venezuelan President, Nicolas Maduro, described as “a new maritime territory”, Guyana’s Minister of Foreign Affairs, Hugh Todd, said there has been increased activity in Guyana’s maritime space by Venezuelan...
A new drill campaign is set to get underway by Tullow Oil offshore Suriname at the Goliathberg Voltzberg North-1 (GVN-1) prospect at Block 47, targeting over 230 million barrels of oil.
According to Ratio Petroleum, a 20% stakeholder in the...
Baker Hughes said on Friday an order has been confirmed with Petrobras to provide a suite of digital solutions across the state oil company’s sites in Brazil. The order, booked in the fourth quarter 2020, will further expand Petrobras’...
Staatsolie Maatschappij Suriname is the state oil company of Suriname established to execute the country’s oil policy which includes exploration, drilling and the processing of oil. The company has said it was always confident of a major commercial discovery...
Staatsolie Maatschappij Suriname N.V. and Suriname’s Tax Department have launched a three-year capacity-building program to strengthen tax and customs...
