15 companies await decision to market Guyana crude
Experienced crude oil marketer wanted Guyana is expected to pick its new crude oil marketer from a list of 15 companies that submitted bids to the procurement authority of the Continue Reading
Oil Drilling Activity To Jump In Guyana, Suriname
Guyana and Suriname, the new stars on the oil map, are expecting more exploration drilling over the next two years after a string of discoveries revealed the potential of the Continue Reading
Fires and Deforestation Made 2020 a Nightmare Year for the Amazon
Wildfires in the southern Amazon last year and in the nearby Pantanal region were the worst on record, mainly due to the deadly combination of drought and human activity. These Continue Reading
Brazil Woos Oil Majors With Low-Carbon Crude Projects
Brazil is hoping to attract oil majors to new deepwater projects that would employ low-carbon extraction technology, Reuters has reported , citing country officials. According to unnamed sources, Exxon, TotalEnergies, Continue Reading
Guyana official vows to develop its oil in an environmentally safe manner
Guyana will develop its massive oil and gas discoveries with full environmental protections, a top official told a U.S. energy conference on Tuesday, pushing back against calls for energy providers Continue Reading
U.S. Refiner Citgo Books First Quarterly Profit In Two Years
Refiner Citgo Petroleum, the U.S. subsidiary of Venezuela’s state-held oil firm PDVSA, reported this week a net income for the second quarter, its first quarterly profit since the third quarter Continue Reading
Is It Time For Biden To Rethink Sanctions Against Venezuela?
Negotiations for Venezuela’s November 2021 regional elections, which are being brokered by Norway, kicked off this week in Mexico. The talks between the authoritarian regime of Nicolas Maduro and opposition Continue Reading
Colombia’s Oil Industry Faces Major Uncertainty
Post-FARC peace treaty violence is at an all-time high with 2021 on track to be the most violent year in Colombia in a decade. Massacres and violent crimes, including the Continue Reading
Venezuela’s Oil Reserves Doomed To Become The World’s Largest Stranded Asset
The aggressive push to decarbonize the world economy is forcing big oil to examine how the carbon emissions of its operations can be reduced with a goal of becoming carbon Continue Reading
Colombia’s Oil Industry Tumbles Amid Violent Protests
After being rocked by a harsh 2020 where the March 2020 oil price collapse and the coronavirus pandemic sharply impacted operations Colombia’s economically vital petroleum industry is struggling to recover. Even attempts Continue Reading