Regional

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Venezuela as party to Geneva Agreement accepted jurisdiction of ICJ

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The position of the Nicolás Maduro administration that Venezuela does not recognize the International Court of Justice’s (ICJ) jurisdiction over its border controversy with Guyana is in contravention with the Bolivarian Republic’s consent to the Geneva Agreement. Guyana, in its Application...
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US to sell oil and gas leases in Gulf of Mexico

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The US Department of Interior is set to allow oil and gas firms to explore and develop 77.3 million acres offshore Texas, Louisiana, Mississippi, Alabama and Florida. Anticipated to be conducted on 15 August this year, Lease Sale 251 will...
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Reports point to heightened security around energy assets in T&T amid terror concerns

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Warnings about Islamist group ISIS having a local cell in Trinidad and Tobago (TT) has prompted energy companies in the twin island republic to beef up security. London-based Argus Media reported on Monday that government, industry officials and diplomats told...
News

Trump doesn’t care about Latin America, Lula tells Correa

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Former Brazilian President Luiz Inacio Lula Da Silva says US President, Donald Trump “doesn't care about Latin America in the least” and added that “Bush and Condoleezza Rice pursued a much more democratic policy towards Brazil than Barack Obama...
News

Latin American nations compete for capital in surge of oil auctions

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For decades, many Latin America’s oil-producing nations have often shunned investment from foreign firms, instead keeping their vast reserves under the tight control of governments and state-run oil companies, Reuters states in a April 2 report. They aimed to protect...
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Guyana files litigation action against Venezuela with ICJ

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The Guyanese government on Thursday formally filed its Application with the International Court of Justice in The Hague, over its border controversy with neighbouring Venezuela. The application stems from a decision in January last by United Nations Secretary General, Antonio...
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Jamaica energy minister warns against unrealistic oil expectations

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Jamaica’s Minister of Science, Energy and Technology, Dr. Andrew Wheatley has warned against any unrealistic expectations of a financial windfall in the short term from the three-dimensional (3-D) seismic survey for offshore oil and gas exploration now getting under...
Regional

S/America’s O&G output flat until 2023; Guyana seen as new supply source

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Crude oil and natural gas production in South America is likely to remain fairly flat over the next five years, slightly increasing to roughly 11.7 million barrels of oil-equivalent per day (MMBOE/d) by 2025, Rystad said Tuesday. The lone English speaking...
News

Venezuela’s oil-backed cryptocurrency will be convertible to Russian rubles – Maduro

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(RT) The so-called ‘petro’ digital currency, which was launched by Venezuela last month, will be traded for several global currencies, including the Russian ruble. “Starting March 23, all legal and physical entities will be able to purchase the petro directly…...
News

36 companies set to bid for blocks in Mexico’s next round

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(Hart Energy) An opportunity to develop and produce oil from the Burgos, Tampico-Misantla-Veracruz and Cuencas del Sureste (Southeast) basins has attracted three dozen companies—including the U.K.’s BP, Capricorn Energy and Premier Oil—to Mexico. Mexico’s National Hydrocarbons Commission (CNH) said 36...
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Stena Drilling invests over US$85M in Guyana, employs 157 locals

Since 2016, Stena Drilling has contributed significantly to Guyana’s economy through local investments and job creation. Stena DrillMAX en route...

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