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Petrobras to bring 10 new offshore production systems online by 2029

OilNOW -
Petrobras plans to deploy 10 new offshore production systems by 2029, focusing on efficiency and lower emissions. The company in a recent report said nine systems are already contracted, with five additional projects in progress and six under study. Petrobras...
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Trinidad commences 12-18 months of wind power assessment

OilNOW -
Trinidad and Tobago's Ministry of Energy and Energy Industries (MEEI) has announced the successful deployment of Light Detection and Ranging devices (LiDARs) at Orange Valley and Galeota. These devices will collect wind data to international standards over a 12–18-month...
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Successful Suriname seabed survey by TDI-Brooks yields “potential” hydrocarbon discoveries

OilNOW -
TDI-Brooks has concluded a comprehensive multi-client multibeam and seabed piston coring program in Suriname for GeoPartners, acting on behalf of Staatsolie Maatschappij Suriname. The project involved seep data acquisition, processing, interpretation, and data management over a survey area of...
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Exxon pulls out of Suriname’s Block 52

OilNOW -
ExxonMobil has pulled out of Suriname’s Block 52, where three hydrocarbon discoveries have already been made. State oil company Staatsolie said the oil major’s local affiliate, ExxonMobil Exploration & Production Suriname B.V., formally indicated its withdrawal on November 14.  “The withdrawal...
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bp secures NCMA 2 Block offshore Trinidad

OilNOW -
bp has been awarded the NCMA 2 block off Trinidad’s north coast during the Shallow Water 2023/24 bid round, which closed in May 2024. This will be a new exploration area for bp in Trinidad and Tobago, as its...
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Suriname Awareness Symposium for Jan. 2025 as country gears for first offshore oil development

OilNOW -
Suriname Awareness Symposium 2025 (SAS2025) aims to build Suriname's future through the development of the energy sector. This event will bring together key stakeholders to discuss and strategize on local economic development, stakeholder collaboration, and economic diversification.  On a rainy...
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Touchstone averages 5,211 boe/d production in third quarter

OilNOW -
In the third quarter of 2024, Touchstone Exploration achieved an average quarterly production of 5,211 barrels of oil equivalent per day (boe/d), 75% of which was natural gas, marking a 54% increase from 3,391 boe/d in the same period...
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Venezuela gas explosion shuts down more than 60% of fuel supply to country

OilNOW -
More than 60 percent of Venezuela’s fuel supply has been shut down following a gas explosion at a key production facility run by state firm Petroleos de Venezuela (PDVSA). At least eight people were killed in the incident while...
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Touchstone boosting production with Cascadura wells 

OilNOW -
Touchstone Exploration announced well test results on November 11 from its Cascadura-2ST1 and Cascadura-3ST1 wells, as it undertakes a production boost in Trinidad and Tobago. The production came through the Cascadura C onshore well pad in the Ortoire Block. Touchstone said that during...
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‘Thousands of people in hundreds of organizations’ complete SBM Offshore’s FPSO Alexandre de Gusmão

OilNOW -
The Floating Production Storage and Offloading vessel Alexandre de Gusmão, which incorporates SBM Offshore’s Fast4Ward® new build, multi-purpose hull design, has been completed. The company recently announced the naming ceremony of the vessel, which took place at the COSCO...
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Exxon not backing out of Block S8 talks – Jagdeo 

ExxonMobil, Hess and CNOOC are not backing out of talks with the Guyana government for a shallow water block...

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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