Regional

US says Guyana has sovereign right to explore resources offshore as country files complaint with UN

The United States Department of State on Sunday said through its Deputy Spokesperson, Robert Palladino, that the South American country of Guyana has the sovereign right to explore resources off its coastline. The statement comes in response to what Guyana has...

Guyana plans to lodge complaint with UN over ‘illegal, hostile interception’ of ExxonMobil vessel by Venezuelan navy

Guyana said on Saturday evening that it will be lodging a formal complaint with the United Nations over what it described as an “illegal, aggressive and hostile act” perpetrated by the Government of Venezuela which saw the interception of...

Seismic activity believed to have triggered oil spill in T&T

News outlets from Trinidad and Tobago are reporting that there has been an oil spill which has occurred in the Gulf of Paria, said to be off Plat­form 9 at the Sol­da­do North Fields in South­west Trinidad. Reports say that...

Defending territory is important to protect oil wealth

It was disclosed by Guyana’s Minister of Foreign Affairs, Carl Greenidge, on Thursday that the Government has spent US$3.7M in 2018 to fight Guyana’s border case at the International Court of Justice (ICJ). “This business at the ICJ is a...

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...

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Major oil companies focus on ultra-deepwater in Guyana’s offshore expansion, but why?

Ultra-deepwater oil operations involve drilling in water depths greater than 5,000 feet (1,524 meters), where production takes place far...