Regional

ExxonMobil awarded 35-year concession in Argentina’s Vaca Muerta

(S&P Global Platts) ExxonMobil has been awarded a 35-year concession for another block in Vaca Muerta, a massive shale play that has been driving the company's growth in oil and natural gas production in Argentina. The government of Neuquen, a southwestern province where most...

Total sanctions third phase of Mero project in deepwater Brazil

Total and its partners have taken the investment decision for the third phase of the Mero project (Libra block), located 180 kilometers off the coast of Rio de Janeiro, in the prolific pre-salt area of the Santos Basin in Brazil. The Mero 3...

Venezuela oil production plummets as Guyana output set to soar

The country with the largest oil reserves in the world could soon be producing none of it. Venezuela—one of the world’s earliest and (at one time) largest oil producers, as well as a founding member of OPEC—could soon be producing close to...

U.S. seizes Iranian gas from 4 tankers headed to Venezuela

(Associated Press) The Trump administration has seized the cargo of four tankers it was targeting for transporting Iranian fuel to Venezuela, U.S. officials said Thursday, as it steps up its campaign of maximum pressure against the two heavily sanctioned...

Oil spurring hope and strengthening bond between two of South America’s smallest nations

Guyana and Suriname, with populations of approximately 780,000 and 575,000 respectively, are among the smallest countries on the South American continent, both in terms of area and inhabitants. But these two small nations have now become a big deal with...

PNM wins Trinidad and Tobago election

(Trinidad Express) It’s the People’s National Movement (PNM) again. But with a reduced majority. The PNM has held on to government with a 22/19 election result, giving it a three-seat majority. The party, which won 23 seats in the last general...

General Election 2020: Trinidad and Tobago decides today

(Loop News) Today, eligible electors from all over the country will cast their vote for the next government of Trinidad and Tobago. It has been a brisk but eventful election season, set against the backdrop of a global pandemic and...

South America’s emerging deepwater oil giants pledge strategic alliance

Following discussions over the last 24-hours between the newly elected Presidents of Guyana and Suriname, the two leaders announced on Sunday their intent to strengthen bilateral relations between the two South American countries that will see strategic collaboration in...

Liza and Kwaskwasi are giants in the prolific Guyana-Suriname basin

The Guyana-Suriname basin has been the subject of much discussion since US oil major ExxonMobil made its world class Liza discovery in 2015 at the prolific Stabroek Block. Appraisal drilling showed Liza contained 800 million to 1.4 billion barrels...

Brazil doubled oil exports in July

(MercoPress) Brazilian oil exports more than doubled in July to 8.19 million tons, compared to 3.76 million tons shipped in July 2019, according to data released by the Foreign Trade Secretariat, Secex. The volume was the second highest in 2020,...

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Iran threatens to close just-reopened Strait of Hormuz if U.S. blockade continues

Iran is now warning it will shut the Strait of Hormuz to commercial shipping again if the United States...