LATIN AMERICA ADVISOR

Energy ADVISOR

A daily publication Of the dialogue

April 21, 2023

What Can Be Expected From Guyana’s Auction?

Guyana, one of the fastest-growing oil discoveries in the world, pushed back the end of its auction of 14 offshore oil blocks to mid-July. Oil and gas exploration in Guyana is pictured. // File Photo: Government of Guyana.

Q

A

Schreiner Parker, senior vice president and head of Latin America and Caribbean at Rystad Energy: “There is no doubt that the Guyana-Suriname basin is one of the hottest exploration spots in the world, but it’s worth noting that exploration efforts outside of Exxon’s Stabroek block have yet to yield any commercially viable discoveries. Guyana would like to see that trend reversed and auctioning new blocks is certainly one way to achieve that goal. Attracting top offshore operators will be key to the ultimate success of this bidding round and preliminary reports suggest that Guyana will be able to do just that. Shell famously stepped away from the Stabroek block just before the Liza-1 well was drilled and, as one of the premier deep-water operators in the world, they probably feel a presence there is warranted. Petrobras, for their part, may be able to…”

Top News

Venezuela Arrests Former PDVSA VP Over Graft
Venezuela’s government said it had arrested a former vice president of state oil company PDVSA amid a widening corruption probe in the state oil industry.
Int’l Banks Interested in Mexico’s Power Plant Deal
A number of international banks showed interest in financing Mexico’s $6-billion deal to purchase 13 power plants from Spain’s Iberdrola.
Biden Pledges $500 Mn to End Deforestation in Brazil
U.S. President Joe Biden pledged $500 million to tackle deforestation in Brazil, as well as more than $1 billion to aid developing countries in their transition away from fossil fuels. // File Photo: U.S. Government.

Complete editions of the Energy Services Advisor are delivered on a biweekly basis to members of the Dialogue’s Corporate Program and other subscribers. Sign up below for a free complimentary preview subscription.

ABOUT THE Energy ADVISOR

A sister publication of the Inter-American Dialogue’s daily Latin America Advisor, the weekly Energy Advisor captures fresh analysis from business leaders and government officials on the most important developments in oil and gas, biofuels, the power sector, renewables, new technologies, and the policy debates shaping the future of energy in the Western Hemisphere and beyond. To subscribe or for more information, contact Gene Kuleta, editor of the Advisor, at gkuleta@thedialogue.org.

Subscribers

Staff

Gene Kuleta
Editor
202.463.2920
gkuleta@thedialogue.org

Jack Quinn
Reporter

jquinn@thedialogue.org

Lori Rampani
Reporter

lrampani@thedialogue.org

board of advisors

Nigel Blackaby
Global Head, International Arbitration Group,
Freshfields Bruckhaus Deringer

Jimena Blanco
Chief Analyst,
Verisk Maplecroft

María José Cortés
Head of ESG,
Atlas Renewable Energy

Jeffrey Davidow
Senior Counselor,
The Cohen Group

Analia Gonzalez
Leader, Arbitration & Litigation,
Laitn America, BakerHostetler

Jonathan C. Hamilton
Partner,
White & Case

Raul Herrera
Partner, Corporate &
Securities Practice,
Arnold & Porter

James R. Jones
Chairman,
Monarch Global Strategies

Jorge Kamine
Partner, Corporate &
Financial Services,
Willkie Farr & Gallagher

Craig A. Kelly
Senior Director,
Int’l Government Relations,
Exxon Mobil

Jeremy Martin
Director,
Energy Program,
Institute of the Americas

Larry Pascal
Chairman, Americas
Practice Group,
Haynes & Boone

R. Kirk Sherr
President,
Clearview Strategy Group

Daniela Stevens
Director,
Energy Transition and Climate Program,
Inter-American Dialogue

Doris Rodríguez
Partner,
Hunton Andrews Kurth

Alexandra Valderrama
Director,
International Government
Affairs, Chevron

Subscribe To
Latin America Advisors

* indicates required field

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

The Inter-American Dialogue MEXICO Program

SUBSCRIBE TO OUR NEWSLETTER / SUSCRÍBASE A NUESTRO BOLETÍN:

* indicates required

The Inter-American Dialogue BRAZIL Program

SUBSCRIBE TO OUR NEWSLETTER / SUSCRÍBASE A NUESTRO BOLETÍN:

* indicates required

The Inter-American Dialogue Education Program

SUBSCRIBE TO OUR NEWSLETTER / SUSCRÍBASE A NUESTRO BOLETÍN:

* indicates required