News

Trinidad and Tobago is experiencing a notable economic turnaround, marking the first instance of sustained recovery in a decade, according to the International Monetary Fund (IMF) Staff Concluding Statement of the 2024 Article IV Mission published on March 11.  It...

Blue Water Shipping has successfully clinched a contract with Noble Drilling to support its operations in Suriname. Blue Water Shipping in an announcement via LinkedIn said the agreement encompasses customs brokerage, local logistics services, domestic transport, and personnel services...

The Government of the People's Republic of Bangladesh along with Petrobangla (state-owned gas company) has announced the Bangladesh Offshore Bidding Round 2024. A total of 24 offshore blocks, comprising nine shallow sea blocks (SS-01, 02, 03, 05, 06, 07,...

To bolster the competitiveness of Guyana's burgeoning economy, strategic investments in infrastructure and targeted training initiatives are pivotal determinants. This is according to ExxonMobil Guyana President, Alistair Routledge. Exxon is the operator of Guyana’s Stabroek Block.  In his presentation at...

Rystad Energy has adjusted its expectations for Venezuela's short-term crude output growth, expressing reservations about the nation's production trajectory given the current global oil market dynamics. Despite earlier predictions of a 200,000 barrels per day (b/d) expansion following the...

CGX is preparing to finally initiate cargo operations at the Berbice Deep Water Port (BDWP), with a targeted start in the second quarter of 2024, the company said in recent financial statements.  This follows multiple delays of work on the...

As the Canadian Trans Mountain pipeline expansion project nears completion, likely in Q2 2024, an analyst from S&P Global Commodity Insights forecasts a shift in the dynamics of crude oil imports into the U.S. West Coast. This suggests a...

SBM Offshore Guyana is paving the way for aspiring technicians by launching its Trainee Technician Programme for 2024. The initiative aims to cultivate a new generation of skilled professionals adept in safety protocols and technical competencies crucial for maintenance...

 Elections are scheduled to be held in Venezuela on July 28, 2024 - the day that would have been Hugo Chavez's 70th birthday - to choose a president for a six-year term beginning on 10 January 2025. While this...

Factors affecting the global oil market have been plenty but prices have remained fairly balanced, said Carlos Pascual, Senior Vice President for Global Energy and International Affairs at S&P Global Commodity Insights. That is because of “strong oil balances”...