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Brazil moving to implement reforms to lure investors as competition from countries like Guyana rise – S&P Global Platts

OilNOW -
Mature oil producer Brazil is looking to implement important oil industry reforms in 2021 to remain one of the world's top destinations for investments amid heated global competition and uncertainties about the coronavirus pandemic. S&P Global Platts said in a...
News

T&T has been slow in moving to capitalise on Guyana oil discoveries – former trade minister

OilNOW -
Massive discoveries of hydrocarbon resources offshore Guyana provide a huge opportunity for neighbouring Trinidad and Tobago (T&T) says former Minister of Trade and Industry in the twin island republic, Mariano Browne. However, he believes that T&T has been slow...
Exploration

Permit delays in Brazil could see Guyana emerge as deepwater winner for investments

OilNOW -
Oil companies operating in Brazil have long complained about delays getting drilling permits and environmental impact reports approved by the Brazilian Institute of Environment and Renewable Natural Resources (IBAMA). Just recently, S&P Global Platts reported that Brazil’s National Energy...
News

Defying U.S. sanctions, Venezuela resumes direct oil shipments to China

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(Reuters) Venezuela has resumed direct shipments of oil to China after U.S. sanctions sent the trade underground for more than a year, according to Refinitiv Eikon vessel-tracking data and internal documents from state company Petroleos de Venezuela (PDVSA). Chinese state...
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Brazil’s Petrobras strikes high-quality oil at Búzios field

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Brazil state-oil company Petrobras has made a discovery of high-quality crude at the Búzios field, in the Santos Basin. The company confirmed Tuesday the presence of “oil of excellent quality” with the drilling of the 9-BUZ-48D-RJS well. The well is...
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GE supporting Oil Field Revitalization Project in Brazil

OilNOW -
Sulzer Pumps UK have awarded GE Power Conversion a contract to supply the motors for the four water injection pumps which will equip a future Floating Production Storage and Offloading (FPSO) vessel. These will be very specific high power...
Exploration

BPC spuds Perseverance #1 well in The Bahamas

OilNOW -
Bahamas Petroleum Company has spudded the Perseverance #1 well in The Bahamas, targeting P50 prospective oil resources of 0.77 billion barrels, with an upside of 1.44 billion barrels. The company said on Monday the well was drilled on December 20 at...
News

Guyana and Suriname among countries expected to dominate 2021 licensing rounds

OilNOW -
The award of oil and gas acreage in 2021 is expected to be dominated by countries like Guyana and Suriname which, like just a handful of some other territories, have captured high interest in the industry over the last...
News

Touchstone enters major agreement with Trinidad national gas company, provides operational update

OilNOW -
The National Gas Company of Trinidad and Tobago Limited (NGC) signed a natural gas supply agreement with Primera Oil and Gas Limited, a subsidiary of Canadian energy exploration company Touchstone Exploration on Friday December 18, 2020. Primera, acting on...
News

Guyana and Suriname could help oil companies transition towards cleaner energy

OilNOW -
By Arthur Deakin Royal Dutch Shell, the third-largest oil company in the world, saw several clean energy executives quit after disagreeing about the speed of the company's energy transition. The Financial Times reported that the departing executives wanted to see...
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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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