Featured

(Reuters) - Equinor SA and Exxon Mobil Corp have taken the first steps to expand an $8 billion oil development off Brazil's coast, the Norwegian oil producer told Reuters. The firms want to boost future production from the Bacalhau oil field, Equinor's...

Conrad Enill, the current Chairman of Trinidad and Tobago’s National Gas Company (NGC) is now the twin-island Republic’s High Commissioner to Guyana. His appointment comes at a time when Guyana is amassing considerable natural gas reserves in the offshore Stabroek Block, and...

The Georgetown Chamber of Commerce and Industry (GCCI) is strongly urging the government to refrain from inking a Memorandum of Understanding (MoU) with Trinidad and Tobago, until the twin-island nation opts to remove its Non-Tariff Barriers (NTBs), which are...

As Prime Minister of Trinidad and Tobago, Dr. Keith Rowley arrived in Guyana for the Regional Agri-Investment forum, one businessman Timothy Tucker is reanimating the discussion about non-tariff barriers to trade. Timothy Tucker, who happens to be President of the...

ExxonMobil’s search for more crude is moving forward offshore Guyana, with campaigns ongoing at new prospects at the 6.6 million acres Stabroek Block. The company is continuing exploration drilling operations at Seabob-1 and Kiru Kiru-1 utilising the Stena Carron and...

SBM Offshore’s multi-purpose deepwater construction vessel – the Normand Installer played an integral role in the installation work for Guyana’s second oil production vessel – the Liza Unity. The Liza Unity floating production, storage and offloading (FPSO) vessel started oil...

Pertamina, the state-owned energy company for Indonesia and oil major ExxonMobil have entered an agreement for a study to gauge the potential for the implementation of lower-emissions technologies, like carbon capture and hydrogen production, on a large scale. The deal adds to Indonesia’s efforts to advance carbon capture and storage in...

Petróleo Brasileiro S.A. (Petrobras), Brazil’s state-owned multinational oil producer, plans to add 14 floating production, storage and offloading (FPSO) vessels offshore Brazil in the next four years, according to its Strategic Plan 2022-2026. The plan listed 15 FPSOs altogether. The first,...

Chevron Corporation announced Tuesday it has sanctioned the Ballymore project in the deepwater U.S. Gulf of Mexico. The project, with a design capacity of 75,000 barrels of crude oil per day, will be developed as a three-mile subsea tieback...

Plagued with years of declining economic growth, Trinidad and Tobago is facing challenging times. For failing to sufficiently diversify its economy in the hundred plus years since it started producing oil, Trinidad is dependent on gas production to keep...