Brazil, Guyana, Suriname Eye More Cooperation in Oil and Gas

Thursday, February 29, 2024

Brazil, Guyana and Suriname have agreed to deepen discussions on cooperation in the oil and gas sector, according to a joint statement released by the countries on Thursday after a meeting between their presidents.

Guyana President Irfaan Ali said he expects Brazil's state-run oil firm Petrobras PETR4.SAto become more involved in exploration in his country, according to a statement by Brazil's government.

Brazil's President Luiz Inacio Lula da Silva said he would speak to Petrobras about possible partnerships with Guyana, where Exxon Mobil XOM.N has made major oil discoveries.

The South American nations have also committed to work "unceasingly" towards the maintenance of peace in the region, according to the statement, after Venezuela recently revived its claim to Guyana's oil-rich Esequibo area.


(Reuters - Reporting by Peter Frontini; editing by Gabriel Araujo and Marguerita Choy)

Categories: South America Industry News

Related Stories

Petrobras Buys Back Petronas Stake in Two Brazil Offshore Fields

ConocoPhillips Assessing Oil Opportunities in Venezuela

Brazil Court Lifts Export Tax for Select Oil Firms

Current News

Petrobras Buys Back Petronas Stake in Two Brazil Offshore Fields

OneSubsea to Supply Production Boosting System for Shenandoah Field

Subsea7 Nets Over $1.2M for Work at Petrobras’ Sépia 2 off Brazil

Petra Energy Secures Work Orders from Petronas for Sarawak Gas Project

Subscribe for OE Digital E‑News