Regional

Brazil boosts oil exports to Asia as global rivals make record cuts

(Reuters) - Brazil increased crude exports to Asia in the first half of the year, stealing a slice of a coveted developing market from global rivals who made record cuts to shipments to match the unprecedented fall in demand...

Venezuela’s oil production regresses 77 years under socialism

(Panam Post) In the middle of the 21st century, Venezuela’s oil industry regressed 77 years to the point where crude oil production fell to historic lows that are reminiscent of 1943. OPEC reports revealed that in June, oil production fell...

Crude shipments resume from Pemex floating oil storage unit after collision

(Reuters) - An oil production and storage vessel operated by Mexican state oil firm Pemex in the Gulf of Mexico has resumed crude shipments after a tanker collision halted exports earlier this month, according to a person with knowledge...

In Suriname, the coronavirus pandemic dislodges a once-unmovable strongman

(World Politics Review) Any doubt that the coronavirus pandemic can transform political realities was erased Monday when one of the world’s most entrenched strongmen was formally swept out of power in the tiny South American nation of Suriname. The...

The dismantling of the oil industry in Venezuela and the defense of the public sphere

By Miguel Denis and César Romero (openDemocracy) Venezuela is going through a general collapse of public services, which adds to the problem of hyperinflation, the low wages, and precarious living conditions. This context has motivated frequent protests in many communities...

U.S. turns screws on maritime industry to cut off Venezuela’s oil

(Reuters) - Several companies that certify vessels are seaworthy and ship insurers have withdrawn services to tankers involved in the Venezuelan oil trade as the United States targets the maritime industry to tighten sanctions on the Latin American country. U.S....

Santokhi is new Suriname President

(StarNieuws) Chan Santokhi has been elected President of the Republic of Suriname and Ronnie Brunswijk as Vice President. The meeting was attended by all political groups, so that more than 34 members were present in the room. Although there...

Apache extends Noble Sam Croft contract for Suriname campaign

Apache Corporation, operator at Block 58 offshore Suriname, has extended its contract for the Noble Sam Croft drillship by executing an option for another well. The contract initially expired in June, prior to which the Sam Croft made two discoveries...

Brazil, Angola take bigger share of Chinese oil market

China imported crude oil at the rate of 11.93 million barrels per day last month, 25.4 percent faster than a year earlier and the fastest rate in any month on record, the OilX Research website says. OilX Research says the...

Staatsolie taking ‘accelerated steps’ to prepare for offshore oil bounty

Fresh off the historical twin oil discoveries at Block 58, Suriname state oil company Staatsolie says the oil strikes mark a change for both the company and country and it has been preparing for this for years, partly through...

Latest News

What happens to the parts of Guyana’s offshore blocks that contractors give back?

When ExxonMobil drilled the Liza-1 well in 2015, it confirmed the first major offshore oil discovery in Guyana —...