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Venezuela to suspend oil delivery to some C’bean countries

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(CMC) — Venezuela's state-owned oil and natural gas company, Petróleos de Venezuela (PDVSA) has announced plans to suspend petroleum deliveries to some Caribbean countries under its Petrocaribe agreement. A report from the South American country's Oil Ministry said the move...
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Brazil’s president scrambles to name new Petrobras CEO

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(Reuters) - Brazilian President Michel Temer scrambled to name a new chief executive for state-controlled oil producer Petroleo Brasileiro SA on Friday, after the surprise resignation of CEO Pedro Parente over fuel pricing policies. Parente’s departure wiped $11 billion off...
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Regulators should be politically and financially independent says head of Mexico’s ASEA

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Executive Director of Mexico’s National Agency for Industrial Safety and Environmental Protection of the Hydrocarbons Sector, Carlos De Regules Ruiz Funes says Guyana has the unique ability of “getting it right from the start” but key to this is...
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Guyana must strengthen legislative framework to fight corruption – Political Risk Analyst

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It is of critical importance that with just two years away from ‘first oil’ the Government of Guyana focuses on strengthening its legislative framework so that it can effectively fight corruption. This is the advice being shared by Thiago de...
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Except for Venezuela Latin America O&G outlook stable says Moody’s

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The outlook for the Latin American oil and gas industry is stable, Moody's Investors Service says in a new report. Over the next 12 to 18 months, favorable economic and regulatory environments will support solid operating results for the...
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Jamaica encouraged by 3D oil and gas surveys

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(Amsterdam News) Jamaica is fancying its chances of becoming the latest Caribbean Community nation after Guyana to find commercial quantities of oil and gas in the wake of encouraging indications from the most recent round of offshore surveys. Jamaican authorities...
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Venezuela election: Maduro expels top US diplomat

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(BBC) Venezuela has expelled the senior US representative in the country amid an international backlash against Nicolás Maduro's re-election as president. Mr. Maduro announced the expulsion of charge d'affaires Todd Robinson as his victory in Sunday's vote was being proclaimed...
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Opponents slam Venezuelan President Nicolas Maduro’s election victory as a sham

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(CNN) Socialist President Nicolas Maduro has won another six years in power in crisis-hit Venezuela, in an election that the political opposition and foreign powers have denounced as a sham. Many eligible voters boycotted Sunday's polling, bringing turnout to a lackluster 46%,...
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Guyana should fast track offshore licensing ahead of any ICJ moratorium

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An official familiar with the Guyana-Venezuela border controversy and the move to the International Court of Justice (ICJ) for a hearing and resolution of the matter believes that all efforts should be made by Guyana to green-light as much...
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Maduro wins presidential vote election board says

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(Reuters) Venezuela's leftist leader Nicolas Maduro won a new six-year term on Sunday, but his main rivals disavowed the election alleging massive irregularities in a process critics decried as a farce propping up a dictatorship. Victory for the 55-year-old former...
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US$2.5 billion in oil revenue to support Guyana’s 2025 budget

The Guyana government will withdraw US$2.5 billion in oil revenue to support its US$6.628 billion (GY$1.382 trillion) budget for...

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