News

Baker Hughes announced Monday that it has secured a significant award from Petrobras to supply up to 50 subsea tree systems and associated services for offshore oil and gas production in Brazil. The award was won through an open...

Touchstone Exploration Inc. has entered the completion phase at its Cascadura development in Trinidad, advancing a strategic portfolio shift. In a September 29 update, the company stated that drilling at the Cascadura-4 development well, now designated Cascadura-4ST2X, was completed earlier...

Ramps Logistics says its homegrown platform, MAWI, has been shortlisted for the 2025 Breakbulk Awards — the first time a technology created in the Caribbean has reached this level of recognition. According to the company's September 26 release, MAWI has...

Guyana will issue four production sharing agreements (PSAs) in October under its first offshore licensing round, Natural Resources Minister Vickram Bharrat said on Sunday. Speaking on the Starting Point podcast, Bharrat said, “About four of those PSAs will be signed...

The Hammerhead Petroleum Production Licence requires the operator to hire an independent third-party consultant three years after first oil to conduct an external audit of resources and reserves.  According to the document, the Licence Holder must procure “an unaffiliated, independent...

The challenge of producing and retaining engineers is playing out in two different ways in Trinidad and Tobago and Guyana; one is a long-standing oil producer, and the other is a newcomer racing to meet the demands of its...

The Hammerhead Petroleum Production Licence requires that, upon the Minister’s request, an independent third-party consultant be hired to conduct a Gas Utilisation Study after five years of operations.  The Licence states: “The Licence Holder shall procure an unaffiliated, independent third-party...

Chevron has expanded its footprint in South America’s energy frontier, undertaking new exploration in Suriname while consolidating its prized position in Guyana’s prolific Stabroek Block. In Suriname, the U.S. supermajor will spud the Korikori-1 exploration well in October. The well...

S&P Global Ratings has warned that Trinidad and Tobago’s economy will remain constrained by stagnant oil and gas production and limited success in diversification, even as it affirmed the country’s “BBB- sovereign credit rating” on September 25. A BBB- sovereign...

TechnipFMC said it has been awarded a substantial contract by ExxonMobil Guyana Limited to supply subsea production systems for the Hammerhead development in Guyana’s Stabroek Block. Exxon announced that it had made a final investment decision (FID) for the project...