(Reuters) - Brazil’s Senate on Tuesday night approved an amended transfer of rights agreement settling a dispute over pre-salt oil fields between the government and oil company Petrobras that still needs to pass the lower house to clear way...
(Jamaica Observer) Tests carried out by two separate independent laboratories have confirmed that an oil seep identified in 2018 by the Petroleum Corporation of Jamaica (PCJ) is the island's third onshore live oil seep.
PCJ said in a release yesterday...
(Bloomberg) - The last major U.S. oil producer in Venezuela is warning that developments in the crisis-torn South American nation could hurt its earnings.
“Future events related to the company’s activities in Venezuela may result in significant impacts on the...
While the Trump administration defended its most recent round of sanctions against the government of Venezuela, President Nicolas Maduro’s foreign ministry denounced the order calling it "another serious aggression by the Trump administration through arbitrary economic terrorism against the Venezuelan...
Brazilian state-led oil producer and refiner Petrobras will cut spending by more than 30% in 2019 as the company adjusts the way it accounts for field unitizations, adapts to a weaker Real-dollar exchange rate and delays drilling activity after...
BP Trinidad and Tobago’s (BPTT) Cassia Compression project is on track with first gas expected in 3Q 2021. The Cassia Compression project will enable BPTT to access and produce low pressure gas reserves from currently producing fields in the...
(Argus) The US will extend by three months Chevron's exemption from sanctions targeting Venezuela's oil sector.
Chevron and oil field service providers Halliburton, Schlumberger, Baker Hughes and Weatherford will have until 27 October to wind down business in Venezuela, the...
UK-based Tullow Oil and its joint venture partners are gunning for a drill campaign at a Suriname wildcat in 2020. The company said this week that is has interests in three blocks in Suriname; Blocks 54, 62 and 47.
“Following...
The forthcoming three-round licensing bonanza of Brazil’s pre-salt acreage includes four massive discovered resource opportunities (DROs) sandwiched between two high-profile exploration rounds. Timing for this round is set for November 6, 2019, industry analyst Wood Mackenzie said in a...
(Al Jazeera) On January 23, when US-backed opposition leader Juan Guaido declared himself interim president of Venezuela, he thought deposing President Nicolas Maduro from power would be easy.
He had a simple, three-thronged plan: declare Maduro's presidency illegitimate by exposing...
