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(Bloomberg) -- Annand Jagesar, the managing director of the state-owned oil company of Suriname, is a man in a hurry. He’s racing against time, nature and Guyana, the neighboring country that enviably discovered a massive offshore oil field in 2015. Jagesar believes Suriname, the former Dutch colony on South America’s northeastern coast (population about 620,000),... Continue Reading →
(epbr) The oil companies returned to the Union three more exploratory blocks, acquired in the cycle of the major post-2017 oil and gas auctions, according to preliminary data from the National Agency of Petroleum, Natural Gas and Biofuels (ANP). Highlight for Saturno, in the Santos Basin, purchased in 2018, in the 5th sharing round, by... Continue Reading →
(Reuters) Guyana expects to finalize a new oil production-sharing agreement model on time for an auction that will collect bids through mid-April, the country's vice president told an energy conference on Tuesday. The South American country has emerged as one of the hottest offshore areas in decades with as much as 25 billion barrels of... Continue Reading →
(Reuters) - As oil industry officials from around the world descend on Guyana for a conference to showcase its potential as an oil power, the biggest player in its oil boom still has decisions to make on its future in the South American country. Liam Mallon, president of Exxon Mobil's oil and gas production business... Continue Reading →
(PN) A bitter end for Shell in its endeavor in the Saturno block, located in the Santos Basin pre-salt layer. The company fully returned the area to the National Petroleum Agency (ANP). This information was confirmed by the regulatory body's press office. Shell was the operator of the block with a 45% stake in partnership... Continue Reading →
(Reuters) Guyana is in talks with Qatar, Britain, the United Arab Emirates, and India on the possibility of directly allocating offshore blocks for oil and gas exploration in parallel with a bidding round this year, President Irfaan Ali said on Monday. South America's newest crude producer has emerged as the world's fast-growing oil region with... Continue Reading →
(Reuters) Guyana's upcoming bidding round for offshore areas has caught the interest of top energy companies from Asia to Europe, according to people familiar with the matter, even as the government continues to work out terms for the auction. The South American country wants to quickly expand its oil industry and recruit developers to counterbalance an Exxon... Continue Reading →
(Reuters) - Britain's first oil and gas exploration licensing round since 2019 attracted 115 bids, up from 104 in the last round, with the licences likely to be awarded from the second quarter, the North Sea Transition Authority (NSTA) said on Tuesday. Britain's government is looking to boost domestic hydrocarbon output as Europe weans itself... Continue Reading →
Exxon Mobil Corp. is preparing to approve its fifth oil production project in Guyana and is considering taking additional exploration acreage, the head of its Guyanese operations, Alistair Routledge, told Reuters in an interview. The efforts would add significantly to the $30 billion committed thus far by Exxon and Guyana partners Hess Corp and CNOOC... Continue Reading →
UK-headquartered Afentra plc has received approval from the Angolan Ministry of Mineral Resources, Oil and Gas for the acquisition of INA-Industrija Nafte’s interest in two blocks offshore Angola. Afentra is acquiring from INA-Industrija a 4 per cent interest in Block 3/05 and a 4 per cent interest in Block 3/05A, pursuant to a sale and purchase agreement... Continue Reading →
Brazil Energy Insight 