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Feb. 20 (Reuters) General licenses for oil and gas exploration in Venezuela issued by the U.S. this month will allow Shell to progress with its Dragon gas project, a company spokesperson told Reuters on Thursday. The project, envisioned to produce gas from a field in Venezuelan waters with 4.5 trillion cubic feet of reserves, has... Continue Reading →
Feb 19 (Reuters) - In September, a rig used to drill wells in shallow waters completed the long trip from China to Venezuela's oil-producing region of Lake Maracaibo. The passage of the big old rig named Alula just inches below the bridge connecting Maracaibo city with the oilfields of the lake's eastern coast stirred excitement... Continue Reading →
Feb 18 (Reuters) - Exxon Mobil's fifth and sixth projects in Guyana - Uaru and Whiptail - are progressing ahead of schedule and under budget, the oil major's president of Guyana operations said on Wednesday during an energy conference. Alistair Routledge, Exxon Guyana President, declined to provide a specific timeline for startup of the projects,... Continue Reading →
Feb 18 (Reuters) - Trinidad and Tobago's government is optimistic two flagship offshore gas projects with neighboring Venezuela to be operated by Shell, BP and Trinidad's National Gas Company will move forward amid political changes in the OPEC country, the energy minister of the twin-island nation said on Wednesday. The U.S. has been relaxing sanctions on... Continue Reading →
Feb 17 (Reuters) - Suriname and Guyana plan to create a joint technical team to explore the development of natural gas production projects between the two South American countries, Suriname's oil minister told Reuters. The team, which could be installed next month, would mark a major step forward for Suriname and Guyana, which have long... Continue Reading →
Feb. 18 (oilprice.com) Guyana’s sights are set much higher than just being the new oil darling of the Western hemisphere. It wants to be the gas darling too. That’s the frame coming out of Georgetown as Guyana lines up a second gas pipeline project, even before the first one is fully online. President Irfaan Ali... Continue Reading →
Feb. 18 (oilprice.com) A slew of high-quality oil discoveries in offshore Block 58 by TotalEnergies and its 50% partner, APA Corporation, has seen the tiny South American country of Suriname touted as the next Guyana. While Suriname’s offshore waters hold considerable petroleum potential, the country’s oil boom has been fraught with delays. Conflicting geological data, high gas-to-oil ratios,... Continue Reading →
Feb. 18 - BRAVA ENERGIA S.A. (“Brava” or “Company”) (B3: BRAV3), pursuant to CVM Resolution No. 44, and following the Material Facts of May 3, 2024 and May 10, 2024, hereby informs its investors and the market in general that, on February 15, 2026, a procedural order was issued in the arbitration proceedings initiated by... Continue Reading →
Feb 17 (Reuters) - The tiny oil-producing nation of Guyana, already one of the world's fastest-growing economies, has a window of opportunity for more expansion amid ongoing U.S. activity in neighboring Venezuela, geopolitical and oil experts said ahead of the Guyana Energy Conference. That growth potential will take center stage at the four-day event beginning... Continue Reading →
Feb. 16 (OE) Azule Energy, jointly owned by Eni and BP, has made an oil discovery at the Algaita-01 exploration well in Block 15/06 offshore Angola, with initial estimates pointing to approximately 500 million barrels of oil in place. The well, located in the offshore Lower Congo Basin, was spudded on January 10, 2026, in... Continue Reading →
Brazil Energy Insight 