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Feb. 25 (Reuters) Italian oil contractor Saipem is ready to resume activities in Venezuela for both offshore and onshore projects after the easing of U.S. sanctions, Chief Executive Alessandro Puliti said on Wednesday. "Things in Venezuela are changing very quickly. It's a country where we worked a lot in the past, and we are ready... Continue Reading →
Feb 20 (Reuters) - Brazil's state-run oil firm Petrobras will look into opportunities in neighboring Venezuela, said the head of Exploration and Production Sylvia Anjos in an interview with newspaper O Globo on Friday. Venezuela has "great potential", but investing in the country is risky, said Anjos, adding that producing in the oil-polluted Lake Maracaibo would put Petrobras'... Continue Reading →
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) - 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. 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 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. 11 (Reuters) The U.S. Treasury Department on Tuesday issued a general license to facilitate the exploration and production of oil and gas in Venezuela, a long-awaited step that could help increase output in the country. Washington has relaxed sanctions on Venezuela's energy industry since U.S. forces captured President Nicolas Maduro in early January. It... Continue Reading →
Feb 6 (Reuters) - Brazilian energy firm Eneva is considering options to enter Venezuela's oil and natural gas sector and is in talks with Sweden's Maha Capital over creating a possible joint venture there, two sources with direct knowledge of the matter told Reuters on Friday. One of the sources, who asked not to be named, said... Continue Reading →
Feb 2 (Reuters) - Venezuelan oil exports rose to some 800,000 barrels per day (bpd) in January, from 498,000 bpd in December, after the U.S. capture of Nicolas Maduro and the ending of an oil blockade which has let traders carry most exports, shipping data showed. Washington imposed an oil embargo on the U.S.-sanctioned country... Continue Reading →
Brazil Energy Insight 