Regional

T&T’s regulatory oversight, succession planning weak

…Anthony Paul on Petrotrin’s transition Energy Strategist from Trinidad and Tobago Anthony Paul believes two issues need to be seriously looked at if the transition since the demise of Petrotrin is to be a success – the regulatory framework and...

New exploration on western portion of Stabroek Block significant – ASP

US oil major ExxonMobil’s move to undertake a new 3-D seismic survey covering 12,000 square kilometers on the western portion of the Stabroek Block could be viewed as Guyana and the oil company “building a case for showing their...

Guyana “monitoring” Russia/Venezuela military exercises

The Ministry of Foreign Affairs in Guyana says it is monitoring developments regarding military exercises between Russia and Venezuela in that neighbouring country. International media reported that two Tu-160 bombers landed in Venezuela on Monday in a Russian show of...

Brazilian regulator IBAMA denies Total license for offshore drilling

Brazilian federal environmental regulator IBAMA has denied French oil company Total a license to drill in the environmentally sensitive Foz do Amazonas Basin, accusing the company of failing to submit documents and complete impact studies despite several requests. The discovery...

U.S. expected to end 2018 as world’s top oil producer: EIA

(Reuters) - U.S. crude oil output growth was expected to slow slightly for this year compared with previous forecasts, the Energy Information Administration said on Tuesday, but at a record 10.88 million barrels per day, the nation will end...

Guyana on track to produce 1 million bpd; could eventually surpass Venezuela/Mexico – WoodMac

Oil and gas industry analyst Wood Mackenzie says Guyana could surpass Venezuela and Mexico in its oil production thanks to ExxonMobil’s run of success in oil exploration and noted that the country is on the path to becoming a...

Venezuela fuel shortages get worse as tanker staff flee

(Bloomberg) Venezuela’s fuel shortages are worsening as mass resignations at the state oil company’s tanker fleet have delayed gasoline shipments. Petroleos de Venezuela SA’s refineries are running at less than a quarter of their capacity, forcing the country to rely on imported gasoline. Once...

Trinidad presses dual gas supply from Venezuela

Venezuela, Trinidad and Tobago and oil majors Chevron and Shell appear to be making progress on two separate projects that would develop and supply offshore natural gas, Argus said in a report on Monday. Venezuelan gas supply is critical for Trinidad,...

Guyana submits Memorial on Jurisdiction to ICJ in Venezuela border case

Guyana has submitted its Memorial on Jurisdiction in the case brought against the Bolivarian Republic of Venezuela to confirm, in a final and binding judgment, the full legal validity of the arbitral award that established the international boundary between...

US support shows all parties now consider Venezuelan claim “unacceptable and fabricated”- Greenidge

Guyana’s Foreign Affairs Minister Carl Greenidge has described as significant, the decision taken by the United States of America to stand behind Guyana on the controversy with neighbouring Venezuela. At a farewell reception for US Ambassador Perry Holloway on Friday...

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Suriname mourns former President Chandrikapersad Santokhi, dead at 67

Former Suriname President Chandrikapersad Santokhi has died at the age of 67. According to Waterkant News, an ambulance was called...