Kosmos Energy said Friday it has closed the previously announced transaction with B.V. Dordtsche Petroleum Maatschappij, a wholly-owned subsidiary of Royal Dutch Shell PLC (LSE: RDSA), to farm down interests in Suriname, Sao Tome & Principe and Namibia for approximately $95 million, plus future contingent payments of...
Covering an area 1.2 million acres (4,749 square kilometers), Block 52 is located approximately 75 miles offshore north of Suriname’s capital city, Paramaribo, and represents the first discovery ever made by U.S. oil major ExxonMobil, offshore the South American...
(S&P Global Platts) Brazil's National Energy Policy Council, or CNPE, dealt a sharp blow to the country's offshore exploration and production program by removing 32 high potential but environmentally sensitive offshore blocks from the upcoming 17th bid round during...
(Reuters) -Venezuela’s Oil Minister Tareck El Aissami said on Friday that authorities had disrupted a plan to attack the country’s 146,000-barrel-per-day (bpd) El Palito refinery and had arrested two suspects in the plot.
El Aissami alleged, without providing evidence, that...
Petronas through its subsidiary, Petronas Suriname E&P B.V. (PSEPBV) announced Friday that it made its first discovery of hydrocarbon in Suriname with the successful drilling of the Sloanea-1 exploration well located in Block 52.
PSEPBV is the operator of Block...
The International Court of Justice (ICJ) announced on Thursday it will deliver its Judgment on the question of its jurisdiction in the case concerning the Guyana v. Venezuela Arbitral Award of October 3, 1899, on Friday, December 18, 2020.
The...
Hess Corporation said it is encouraged by the exploration success of Apache and Total in Suriname’s Block 58 where three discoveries have so far been made and the search for more hydrocarbon continues.
John Hess, CEO of Hess Corporation said...
(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...
(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...
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...
Staatsolie Maatschappij Suriname N.V. and Suriname’s Tax Department have launched a three-year capacity-building program to strengthen tax and customs...
