(Argus Media) Brazil's hydrocarbons regulator ANP reduced royalties to 5pc from around 10pc in an effort to boost recovery at qualifying mature fields.
The royalty reduction is contingent on new investment commitments and only applies to those fields that have...
(Sputnik) - Venezuela is not satisfied with its quota for oil production under the Vienna agreement of the Organization of the Petroleum Exporting Countries (OPEC) and non-OPEC producers and is currently taking measures needed to restore its level of...
Following a groundswell of public pronouncements and speculation over an announced visit to Guyana by Trinidad and Tobago (TT) Prime Minister Dr. Keith Rowley for the signing of a Memorandum of Understanding on energy cooperation, the TT entourage will...
Hurricane Florence is churning over the Carolinas, knocking out power and threatening coastal flooding in a torrent that could have implications for energy trade and oil and gas construction projects in the area.
S&P Global Platts on Friday noted that...
The Guyana Oil & Gas Energy Chamber (GOGEC) said in a statement on Friday that it wishes to place on record that it supports closer co-operation and collaboration with Trinidad and Tobago and all other partners in Caricom.
Responding to...
Senators in the United States Virgin Islands are concerned that a sum of $70 million representing an upfront payment for restarting operations at the refinery at St Croix has not been made and there is uncertainty as to when...
Trinidad and Tobago (TT) Prime Minister, Dr. Keith Rowley told an audience in Marabella on Tuesday evening that an agreement soon to be signed between the twin-island republic and Guyana will open the pathway for TT companies to benefit...
In wake of the ongoing storm over the future of Trinidad and Tobago’s Petrotrin, Prime Minister Dr Keith Rowley has announced that the Oilfields Workers Trade Union (OWTU) will be given the first option to buy the beleaguered Pointe-a-Pierre...
Former Trinidad and Tobago Prime Minister, Kamla Persad-Bissessar is urging the current government in the twin-island republic to pursue a partnership with neighbouring Guyana to refine its oil in order to avert the closure of the Petrotrin refinery.
According to...
A tanker collision at Venezuela’s state-owned PDVSA’s main terminal, or Jose dock, could result in a drop in that country’s crude exports by a third in September possibly leading to a force majeure declaration, news outlets report. Several million...
