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ExxonMobil holds more acreage in Brazil than any other company

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In September 2017, ExxonMobil had interest in just two offshore blocks in Brazil, totaling slightly more than 161,000 net acres. Fast forward one year later: the company now has interest in 26 deepwater blocks across five basins, covering an area nearly...
Exploration

Venezuela running out of fuel, PdV suspends supply

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(Argus) Venezuelan state-owned PdV has nearly exhausted its motor fuel stocks, forcing up to 80pc of the country's more than 2,700 service stations nationwide to suspend sales until further notice, according to four senior officials with the federation of...
News

Petrobras-led group drills first well in Peroba subsalt area

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A consortium of Petrobras, BP Energy and CNPC has started drilling its first well in the offshore Brazil Peroba subsalt area, Petrobras said Friday. According to an S&P Global Platts report, the group acquired the area during Brazil's third subsalt...
News

Trinidad set to offer 8 blocks in November bid round

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Trinidad and Tobago will put up 8 blocks in a new shallow water bid round set to take place in November. According a report in the Guardian, this was confirmed by Permanent Secretary in the Ministry of Energy and...
News

Petrobras fires up new Lula oil platform offshore Brazil

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(Hart Energy) State-controlled oil company Petroleo Brasileiro, also known as Petrobras, said on Oct. 24 it had started production on its eighth platform in the offshore Lula Field, Brazil's most productive, as it ramps up output from the Santos...
News

Brazil’s Petrobras receives $149M payment from SBM in leniency deal

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(Reuters) - Brazilian state-run oil company Petroleo Brasileiro SA has received an initial payment of 549 million reais ($148.92 million) from Dutch marine engineering group SBM Offshore as part of a 1.22 billion-real leniency deal, the Brazilian government said...
News

Guyana could become ‘linchpin of stability’ for greater Caribbean Basin – ASP

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No one should pretend that just because Guyana found oil and will profit from its extraction that its history, divided politics, and geopolitical challenges are gone, says the American Security Project (ASP). On the other hand, no one should...
News

Guyana looking to learn from experiences of Newfoundland and Labrador as MoU on O&G cooperation is inked

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The Government of Guyana and the Canadian Province of Newfoundland and Labrador signed a Memorandum of Understanding (MOU) on Monday at the Ministry of the Presidency, in the South American country’s capital, Georgetown. The MOU is intended to foster greater...
News

$20 oil? Welcome to Canada, where crude prices haven’t recovered

OilNOW -
Western Canada Select slumped below $20 a barrel on Thursday, the lowest in more than two years, continuing a brutal streak of declines for the country’s main grade of crude, Bloomberg said in a report on Thursday. The drop has...
News

‘Regulatory certainty’ key to O&G investments – ASEA Executive

OilNOW -
Mexico has installed perhaps the most comprehensive and complex energy rule changes in any nation, at any time, lifting strict state control over the oil and gas and electricity sectors, hoping for much more foreign investment. And, it is for...
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Suriname team tours Guyana’s FPSO simulator unit as oil development advances

SBM Offshore Guyana hosted a Local Content taskforce from Staatsolie, Suriname’s national oil company, at the Facility Simulator (FacTor)...

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