Regional

Oil flow halted at Colombia pipeline near Venezuela border following attack

(Reuters) - Oil flow through Colombia’s Cano Limon-Covenas pipeline was suspended on Friday after an attack with explosives started a fire, Cenit, a subsidiary of the country’s majority state-owned oil company Ecopetrol, said. The attack took place in a rural...

Biden administration suspends oil and gas permitting on federal lands

(Reuters) - The Biden administration has temporarily suspended oil and gas leasing and permitting on federal lands and waters while it evaluates the legal and policy implications of the program, according to a Department of Interior memo. The move appears...

Disappointment for Trinidad as BHP confirms dry hole at Broadside-1

Australian based petroleum company BHP confirmed on Wednesday that it failed to encounter hydrocarbons at the Broadside-1 exploration well in Trinidad and Tobago. “In Trinidad and Tobago, the Broadside-1 exploration well in the Southern Licence reached the main reservoir on October...

Groups plan to press Biden to reverse ban on Venezuela fuel swaps

(Reuters) - Representatives of fuel suppliers to Venezuela, importers of Venezuelan oil and advocacy groups said this month they plan to press the incoming administration of U.S. President-elect Joe Biden to reverse a ban on crude-for-diesel swaps. The Trump administration...

Maersk Drilling bags double-rig 500-day contracts for Suriname forays

Based on the previously announced Conditional Letter of Award, Maersk Drilling said on Sunday that it has been awarded contracts for the deepwater rigs Maersk Valiant and Mærsk Developer from Total E&P Suriname, Suriname Branch, for Total’s exploration and...

SBM Offshore gets ‘Best Oil Platform Operations’ award from Brazil’s Petrobras

Dutch floater specialist SBM Offshore, operator of the Liza Destiny FPSO in Guyana, has received the ‘Best Oil Platform Operations’ award from Brazil’s state oil company, Petrobras. The accolade was given as part of Petrobras’ 2019 best suppliers awards exercise,...

Giant oil finds in Guyana and Suriname point to major frontier – Brazil Petroleum Studies

The recent giant discoveries made in the deep and ultra-deep waters of Guyana, Suriname and French Guyana have proven the existence of multiple active petroleum systems in the area, Brazil Petroleum Studies (BPS) said in a report published this...

Total, Apache strike oil again offshore Suriname

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...

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

(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...

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

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...

Latest News

Staatsolie, Suriname tax office launch three-year program to strengthen oil and gas oversight

Staatsolie Maatschappij Suriname N.V. and Suriname’s Tax Department have launched a three-year capacity-building program to strengthen tax and customs...