Regional

Pence urges Latin American countries to isolate Venezuela

(Reuters) - U.S. Vice President Mike Pence urged Latin American countries on Thursday to help isolate crisis-stricken Venezuela, an ideological adversary of Washington that is struggling under a severe and prolonged economic crisis. Pence met with Ecuadorean President Lenin Moreno...

EIA says U.S. imports of Venezuelan crude oil at lowest levels since 1993

The U.S. Energy Information Administration (EIA) reported that as of the first quarter of 2018, U.S. imports of crude oil from Venezuela reached their lowest levels since January 1993. The report said that Venezuela’s crude oil exports to the United...

Kosmos Energy plugs, abandons Anapai after failing to find hydrocarbons

Kosmos Energy (NYSE: KOS) (LSE: KOS) said Tuesday that drilling at the Anapai-1A exploration well located in Block 45 offshore Suriname has failed to find any hydrocarbons. Anapai-1A was drilled to a total depth of 4,556 meters and was designed to...

Venezuela says it will not participate in ICJ proceedings

Venezuela made it known on Monday that it will not be taking part in the proceedings at the International Court of Justice initiated by Guyana over a border controversy spanning several decades. A Communique issued by the Venezuelan government states...

Uruguay and oil hopes: a permanent bidding round scheme, after failure of latest auction

(MercoPress) Uruguay will move towards a permanent offer process for offshore oil blocks as other Latin American countries have done, after an April auction failed to attract bids, Industry, Energy and Mining Minister Carolina Cosse said in an interview. Uruguay...

St Vincent feeling squeeze of US sanctions on Venezuela

(CMC) — Prime Minister Ralph Gonsalves says he has received no indication that the State-owned oil and natural gas company, Petróleos de Venezuela (PDVSA) in Venezuela has suspended fuel shipments to St Vincent and the Grenadines under the PetroCaribe agreement. He,...

Guyana at heart of regional deep water province – Ramnarine

In what is being described as the emergence of a regional deep water province, former Trinidad and Tobago Minister of Energy and Energy Affairs, Kevin Ramnarine, believes that Guyana lies at the heart of this petroleum-rich geological system. After Tullow...

Venezuela to suspend oil delivery to some C’bean countries

(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...

Brazil’s president scrambles to name new Petrobras CEO

(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...

Regulators should be politically and financially independent says head of Mexico’s ASEA

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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More local content opportunities expected as new oil projects come on stream in Guyana – Director

Director of the Local Content Secretariat, Michael Munroe, said Guyana is positioned for a new wave of opportunities as...