Colombian oil and gas sector braced for higher taxes

(OM) Colombia’s new President Gustavo Petro has pledged to position his country as a leader of the energy transition. According to Wood Mackenzie, his plans for fiscal reform involve higher taxes for extractive industries, and hydrocarbons provide the primary source of Colombia’s revenue. At the same time, the country has to address the long-standing challenge... Continue Reading →

Venezuela, Trinidad to Continue Talks on Joint Development of Dragon Offshore Gas Field

(Reuters) Venezuela and Trinidad and Tobago will continue negotiations on jointly developing a dormant offshore natural gas field, with a meeting scheduled for mid-June in Caracas, according to three sources familiar with the matter.  Officials from both governments last met in March in Venezuela, where they signed confidentiality agreements required to set up a negotiation... Continue Reading →

Saipem Bags Offshore Contracts Worth $650M

(OE) Italian energy industry services firm Saipem said Monday it had won three new offshore contracts and two competitive FEED contracts totaling around $650 million. Azule Energy has assigned the first contract for the Agogo Full Field Development project, a deepwater greenfield development, approximately 180 kilometres offshore Angola, about 20 kilometres west of the N’Goma... Continue Reading →

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