Category: Legal

Suriname puts 60% of offshore basin on offer in new Staatsolie open-door programme

Nov. 24 (oilnow.gy) Staatsolie launched its new Open-Door Offering this morning, creating new opportunities for exploration and production companies to enter the Suriname-Guyana Basin. The initiative was formally announced by Managing Director Annand Jagesar, who stated, “This initiative opens new opportunities for exploration and production companies and aims to maintain a high level of exploration activities offshore... Continue Reading →

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Brazilian Ministry of Mines and Energy Announces Decree Regulating Low-Carbon Hydrogen

Nov. 13 (agenciagov.ebc.com.br) The Minister of Mines and Energy, Alexandre Silveira, announced that the decree regulating Laws No. 14,948/2024 and No. 14,990/2024, which structure the legal framework for low-carbon hydrogen in Brazil, should be signed next week. The publication consolidates essential guidelines for the development of this new energy frontier, positioning the country at the... Continue Reading →

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Carlyle Eyes Lukoil’s Foreign Assets

Nov. 14 (Reuters) U.S. private equity firm Carlyle is exploring options to buy Russian oil major Lukoil's LKOH.MM foreign assets, three sources familiar with the situation said. The U.S. has hit Lukoil with sanctions as part of its effort to bring the Kremlin to peace talks over Ukraine, and has blocked Lukoil's attempt to sell... Continue Reading →

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Guyana partners strike loan deal

Nov. 4 (offshore-energy.biz) CGX, a Canadian-based oil and gas exploration company focused on oil exploration in the Guyana-Suriname Basin, has entered into a loan agreement with a subsidiary of Frontera Energy Corporation, its joint venture partner in a petroleum prospecting license for a block offshore Guyana. Thanks to a senior secured loan facility secured with... Continue Reading →

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Venezuela to Suspend Energy Agreements with Trinidad

Oct. 27 (Reuters) Venezuela's oil ministry will ask the presidency to suspend a wide cooperation agreement with Trinidad and Tobago for energy development, including joint gas projects in negotiation, the South American country's oil minister said. Trinidad's previous government had been planning numerous joint gas projects with Venezuela, including the 4.2 trillion cubic feet Dragon... Continue Reading →

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CNPE approves guidelines for offering oil and gas blocks beyond 200 nautical miles under the production-sharing regime

Oct. 1 - The National Energy Policy Council (CNPE) approved, this Wednesday (October 1st), a resolution establishing guidelines for the inclusion of oil and natural gas exploration blocks under the production-sharing regime located beyond 200 nautical miles, in accordance with the Brazilian Continental Shelf Survey Plan (Leplac). The decision represents a regulatory milestone for the... Continue Reading →

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