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Iran is sending its biggest fleet of tankers to Venezuela in defiance of U.S. sanctions

OilNOW -
(Bloomberg) Iran is sending its biggest fleet yet of tankers to Venezuela in defiance of U.S. sanctions to help the isolated nation weather a crippling fuel shortage, according to people with knowledge of the matter. Some of the flotilla of...
Exploration

Brazil’s Petrobras could turn to Guyana for offshore acreage, CEO says

OilNOW -
(S&P Global) Brazilian state-led oil company Petrobras could turn to Guyana for access to acreage along South America's equatorial margin if local environmental regulators do not grant permits to drill in Brazil's Foz do Amazonas Basin, CEO Roberto Castello...
Exploration

Touchstone makes significant gas discovery in Trinidad and Tobago

OilNOW -
Touchstone Exploration Inc. said Thursday drilling at the Cascadura Deep-1 exploration well on the Ortoire exploration block onshore Trinidad and Tobago encountered significant hydrocarbon accumulations based on drilling and wireline log data. The Cascadura Deep-1 well was drilled to a...
News

Tankers with ‘hidden identities’ shipping oil out of Venezuela even as U.S. tighten sanctions

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(Bloomberg) --Venezuela almost tripled its crude oil exports even as the U.S. continues to tighten sanctions against companies seeking to do business with its ruling regime. Exports of oil surged to more than half a million barrels a day in...
News

Suriname’s bonds among the world’s worst performers in 2020, nation close to reaching deal with creditors

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(Bloomberg) Suriname is set to reach a deal with creditors as soon as this week after missing a $25 million interest payment on its bonds and officially entering default, according to three people familiar with the matter. Officials in Paramaribo...
News

Brazil’s Petrobras targets oil output of 2.7 million b/d by 2025

OilNOW -
(S&P Global) Brazilian state-led oil company Petrobras plans to spend $55 billion over the next five years to develop subsalt fields that will boost the company's crude oil output nearly 20% to 2.7 million b/d by 2025, the company...
News

Energy, infrastructure take centre stage in high-level Guyana, Brazil meeting

OilNOW -
Guyana’s President, Dr Irfaan Ali on Thursday announced an amplification in bilateral relations between Guyana and Brazil after a meeting among high level government officials from both countries, the Office of the President said in a press statement. The Guyanese...
Exploration

Tullow says Suriname well campaign on schedule for Q1 2021

OilNOW -
Preparations are on schedule for the first well targeted for 2021 by Tullow Oil in the highly prospective Suriname basin where US multinational Apache has already made three discoveries. “In Suriname, the prospective Goliathberg-Voltzberg North-1 well is on schedule to...
News

Maduro seeking meeting with T&T gov’t officials, report says

OilNOW -
The Government of Venezuela has invited Trinidad and Tobago (T&T) Government officials to a meeting to discuss matters between the two countries, the Trinidad and Tobago Guardian reported on Wednesday. According to the Guardian, the request was made by President...
News

South America’s new O&G deepwater players positioning for big opportunities

OilNOW -
The governments of Guyana and Suriname, the new oil and gas deepwater hotspots in South America, are focusing on strengthening bilateral relations and solidifying plans to create new opportunities. Guyana’s President, Dr. Irfaan Ali and his Surinamese counterpart, President...
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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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