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Total, Apache strike oil again offshore Suriname

OilNOW -
Total and Apache Corporation said on Thursday they have made a new significant oil and gas discovery at the Keskesi East-1 well, in Block 58 off the coast of Suriname. This follows previous discoveries at Maka Central, Sapakara West...
News

Ford puts brakes on operations in South America’s largest oil producing nation

OilNOW -
(AP) — Ford Motor Co. said Monday it will close three plants in Brazil and stop producing automobiles in the South American country where it has been operating since 1919. The company said in a statement it will cease production...
Exploration

Bulletwood, Bonboni key wells to watch as exploration takes off in the Americas this year – Westwood

OilNOW -
Guyana and Suriname remain two major hotspots for exploration activity in 2021 with a number of key wells to watch as the Americas take the lead in the hunt for hydrocarbon resources this year. Westwood Global Energy Group said in...
News

U.S condemns Venezuela aggression towards Guyana, pledges support for ICJ proceedings

OilNOW -
The United States over the weekend made it clear that it remains in full support of Guyana’s bid to have the International Court of Justice (ICJ) preside over the matter involving Venezuela’s refusal to accept an 1899 arbitral award...
News

Guyana initiates meeting with Trinidad and Tobago to discuss trade barriers

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Just a month after Guyana’s President, Dr. Irfaan Ali, vowed to ensure that trade barriers between the new oil producing country and its CARICOM neighbours were removed, a virtual Joint Ministerial Trade and Agricultural Meeting with Trinidad and Tobago...
News

Brazil approves 92 offshore blocks for 17th bid round, several potentially prolific like Guyana’s Stabroek

OilNOW -
(S&P Global Platts) Brazil's National Energy Policy Council, or CNPE, approved 92 offshore exploration and production concession blocks for sale at the country's pandemic-delayed 17th bid round set to be held in October, the National Petroleum Agency, or ANP,...
News

Transnational oil companies looking to steal ‘Venezuela’s oil’ – Maduro claims in TeleSur report

OilNOW -
Venezuela’s President Nicolas Maduro has signed a presidential decree setting the country's maritime and territorial borders, TeleSur said in a report on Friday, noting that the move is to protect national jurisdiction rights, especially on the ‘disputed’ Essequibo territory. The Venezuela-based...
News

New Apache holding company will acquire Suriname, Dominican Republic subsidiaries

OilNOW -
Apache Corporation (Nasdaq: APA) said on Monday that its Board of Directors has authorized the company to create a holding company structure. Upon its formation, APA Corporation, the new holding company, will replace Apache Corporation as the public company...
News

Brazil’s Petrobras produced record 2.28 million bpd in 2020

OilNOW -
Brazil’s state-run oil company Petrolero Brasileiro SA produced a record 2.28 million barrels of oil per day on average in 2020, according to a securities filing on Thursday, Reuters reported. The combined oil and natural gas output of Petrobras, as...
News

Venezuelan oil exports slump to 71-year low in 2020

OilNOW -
(Bloomberg) Venezuelan oil exports plummeted this month as U.S. sanctions have left some of the South American country’s cargoes stranded in Asia and competition with fellow OPEC+ members is set to heat up. A linchpin of the Venezuelan economy, the...
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NewsKemol King -

Authorities say CGX has been treated fairly, insist no dispute exists 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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