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No production target impacts expected as Petrobras delays project start-ups 

OilNOW -
Brazil’s state-owned Petrobras has delayed the start-up of three floating production, storage and offloading (FPSO) vessels as its new energy strategy is being crafted.  Petrobras said that first oil dates for the Almirante Tamandaré FPSO and Maria Quiteria FPSO are...
News

Well tests begin at TT’s Ortoire block

OilNOW -
Trinidad’s Touchstone Exploration Inc. said on April 24 that it confirmed the presence of light crude oil at non-commercial rates during the first Royston-1X well production test in the onshore Ortoire block.  Touchstone said in its announcement that five potential...
Opinions

Guyana and Venezuela: a David and Goliath match up?

OilNOW -
By Ivelaw Lloyd Griffith The International Court of Justice (ICJ) issued its latest ruling in the ongoing judicial saga between Guyana and Venezuela on April 6, last, during the week when three of the world’s most influential religions—Christianity, Islam, and...
News

A look at Latin America & Caribbean countries pursuing new oil & gas bid rounds

Shikema Dey -
Countries in Latin America and the Caribbean, like their counterparts around the world, are forging ahead with plans to accelerate the development of their oil and gas resources. This has seen countries such as Guyana and Suriname rolling out...
News

Guyana’s Petroleum portal back up after hacking spurred by Court ruling on border case

OilNOW -
Guyana’s Petroleum Management Programme has been restored one week after hackers vandalised the website. The malicious attack left the pages littered with graphics claiming ‘EL ESEQUIBO ES VENEZUELA’, a statement promoting Venezuela’s position on the border controversy, and maps...
News

Petrobras eyes more gas production with two new FPSO charters 

OilNOW -
Aiming to boost Brazil’s natural gas supply, the state-owned Petrobras issued tenders for two production platforms for its Sergipe Deepwater Project (SEAP), in the Sergipe-Alagoas Basin, about 100 km off the country’s coast.  Besides expanding Brazil’s availability of natural gas,...
News

Arrests climb to over 30 in PDVSA billion dollar oil scandal: 67 warrants issued – Venezuela AG 

OilNOW -
The PDVSA billion dollar oil scandal runs deep with the arrests now at 34, according to Venezuela’s Attorney General Tarek Saab. Venezuelan authorities have also issued 67 arrest warrants, 30 of which are for public officials and financial operators...
News

Exxon cuts losses from Brazil after third dud, focus shifted to Guyana, Permian

OilNOW -
After a third dud, ExxonMobil has abandoned current drilling efforts in Brazil’s deepwater acreage, according to a Wall Street Journal report.  WSJ’s sources indicate that Exxon has shifted geologists and engineers from Rio de Janeiro to its other prospects in...
News

World Court strikes out Venezuela’s roadblock against Guyana’s case to end the Essequibo controversy

OilNOW -
The International Court of Justice (ICJ) on Thursday struck down Venezuela's preliminary objection against the admissibility of Guyana's case before the Court. The ruling removes a roadblock Venezuela intended to set up to prevent a final settlement of the...
News

April 6 set for World Court ruling on Venezuela’s preliminary objections in border case with Guyana

OilNOW -
The International Court of Justice (ICJ) said it will make a key ruling in the border case between Guyana and Venezuela: Arbitral Award of 3 October 1899 (Guyana v. Venezuela). The judgment is not related to the conclusion of...
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Exxon not backing out of Block S8 talks – Jagdeo 

ExxonMobil, Hess and CNOOC are not backing out of talks with the Guyana government for a shallow water block...

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