Regional

South America has always been an important playing field for the oilfield service industry. As Brazil is turning more positive towards the international service players, Guyana is stealing some of the thunder as the country is emerging as an...

(Bloomberg) When the giant P-67 floating oil production vessel lit its flare tower earlier this month, it marked the start of a Brazilian supply boom that’s poised to challenge OPEC’s efforts to balance the global market. The mammoth facility -- long and wide enough...

Venezuela’s slide from top of the heap to a virtual bit player in the oil market is a slow-motion car crash. Production sank progressively from 2.6 million barrels per day (b/d) a decade ago, when it was third in...

As Guyana prepares for first oil in 2020 from the Liza Phase 1 Development, and multiple additional projects on the horizon, with an estimated ramp up to 750,000 bpd by 2025, its western neighbor Venezuela, could see production drop...

(AFP) French oil and gas firm Total has evacuated its staff from Venezuela where its accounts have been blocked due to US sanctions, the company's chief executive said Thursday. "The accounts are blocked thanks to US decisions," CEO Patrick Pouyanne...

Former Prime Minister of Trinidad and Tobago and current Opposition Leader Kamla Persad-Bissessar says that government’s support for embattled leader of Venezuela Nicolas Maduro could jeopardise the recently signed Dragon Gas deal. Through this arrangement, it was envisaged that natural...

Guyana, a country that currently produces no crude, could pump more than OPEC member Venezuela in five years, Bloomberg said in report on Monday. While U.S. sanctions on Venezuela threaten to accelerate an already steep slide in production, neighboring Guyana’s...

Rystad Energy analyst Paola Rodriguez-Masiu believes that while the sanctions announced on Monday by the US against Venezuelan state oil company PDVSA will have some effect, this will not be harsh as the Trump administration expected. “The sanctions will deal...

A sudden escalation in long-burning tensions between the United States and Venezuela could have far-reaching ramifications in the oil market, where the Bolivarian Republic remains a significant player despite its plunging output, CNBC said in a report Thursday. On Wednesday,...

As tensions continue to rise in Venezuela, US Senator Marco Rubio on Wednesday said that embattled leader Nicolas Maduro will face severe consequences if any harm befalls American diplomats in the South American country. Rubio’s comments came hours after Maduro...