Highlights Decrease marks first draft adjustment in six months Fully-laden Suezmaxes no longer able to transit Waiting times for transit increase, pressuring freight The maximum allowable draft at the Neopanamax Continue Reading
Frontera Energy struck oil in the Corentyne Block offshore Guyana, the company said this week. “Initial results from the Kawa-1 well are positive and reinforce CGX and Frontera’s belief in Continue Reading
Increased transit volumes at the Panama Canal pushed wait times higher for clean petroleum product and unreserved LNG tankers during the week ended Jan. 28, as more cargoes headed to Continue Reading
Political instability and growing crime in Colombia is weighing on its already-struggling oil industry. Colombia still relies heavily on oil and gas for its own energy security as well as Continue Reading
The Treasury Department extended a moratorium on transactions on a bond issued by the U.S. arm of Venezuela’s PDVSA, Citgo, for another year in the latest move to shield the Continue Reading
Peru to hold bid round in June Northwestern fields’ contracts about to expire Bid round Peru’s first since Tullow Oil in 2018 Peru’s government plans to call for bids in Continue Reading
The heads of state of Brazil, Guyana, and Suriname will discuss on Friday joint infrastructure and energy projects Construction of roads, bridges, and a deepwater port in Guyana will be Continue Reading
COVID-19 infections are reaching new peaks in the Americas with 7.2 million new cases and more than 15,000 COVID-related deaths in the last week, the Pan American Health Organization (PAHO) Continue Reading
Highlights Interbasin spreads helped shift trade flows January sees Asia buying appetite pick up LNG transits via the Panama Canal plunged 30% in December as Pacific-bound cargoes diverted to the Continue Reading
Brazil and Guyana were instrumental in the recovery of the FPSO market Another 10 FPSOs are expected to be awarded over the next 12 months Angola, Australia, China, and Malaysia Continue Reading
