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Harvey Gulf expanding to Mexico, Trinidad and Guyana

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Harvey Gulf International Marine, a U.S. Gulf of Mexico focused offshore support vessel owner is expanding its scope and targeting new markets in Mexico, Guyana, and Trinidad, Offshore Energy said in an August 29 report. The company on Wednesday said...
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Mexico gov’t may be looking to halt open bidding for oil blocks – Reuters

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The incoming government of Mexico may be considering suspending auctions for oil and gas projects in favour of direct negotiations Reuters reported on Wednesday. Mexico’s state-owned petroleum company Pemex could be given the authority to pick its own joint-venture partners...
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Rigzone: Report envisions 30,000 new offshore Brazil jobs

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Wood Mackenzie contends that Brazil's mature Campos basin oil fields could produce an extra 230,000 boepd with the right investment, reports Rigzone. Spending $8 billion to redevelop the mature oil fields in Brazil’s Campos basin rather than incurring that amount in decommissioning...
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Amendments to Companies Act needed to ensure those benefiting from O&G are ‘local’ – GCCI President

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Amendments may have to be made to sections of Guyana’s Companies Act to ensure that businesses registered to operate in the South American country have put adequate measures in place to be considered ‘local’, and in so doing, benefit...
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Kamla Persad-Bissessar calls for pragmatic approach to Petrotrin’s restructuring

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Trinidad and Tobago’s Leader of the Opposition Kamla Persad-Bissessar has urged the country’s Government to take a cautious and pragmatic approach to the restructuring of state-owned petroleum company Petrotrin. On Monday, it was announced that Petrotrin would be shutting down...
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Guyana Government appoints Matthew Wilks as O&G Advisor

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The Government of Guyana has confirmed the appointment of Matthew Wilks to the post of Oil and Gas Advisor in the newly created Department of Energy which operates under the aegis of the Ministry of the Presidency. A press release...
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2,600 workers to be impacted as Petrotrin shuts down operations

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The closure of Trinidad and Tobago’s Petrotrin refinery was confirmed on Tuesday, August 28, following a meeting between the Board of Directors, union representatives and the company’s management. The Pointe-a-Pierre refinery’s operations will end entirely and Petrotrin will move to...
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TechnipFMC records highest order intake since merger

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TechnipFMC, the subsea contractor for the Liza Phase 1 development project in Guyana, recorded its third consecutive quarter of order growth in Q2 2018 as well as the highest order intake to date since the merger that saw FMC...
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Trinidad refinery to close report indicates

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Trinidad and Tobago’s State oil company Petrotrin’s Pointe-a-Pierre refinery is said to be on the verge of shutting down operations. The Trinidad Express reported on Monday night that the twin-island republic’s government has decided to shut down the refinery due...
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Trinidad’s move to enter ‘gas deal’ with Venezuela detrimental to Guyana – Robert Persaud

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Former Guyanese Minister of Natural Resources and the Environment Robert Persaud has accused Trinidad and Tobago of “once again acting in its own narrow economic interest" in partnering with Venezuela on a gas deal over the weekend. In a Facebook...
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CNOOC’s record production in Guyana boosts strong Q3 results

CNOOC Limited announced its highest-ever net production and net profit for the third quarter of 2024, crediting increased output...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

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