Saturday, January 28, 2023

Regional

Rystad Energy says TT conference did not use finalised map

Norway based Rystad Energy said on Wednesday that a map used this week by the Trinidad and Tobago Energy Conference showing a portion of Guyana’s Stabroek Block in Venezuela’s waters was part of an ‘unfinished draft presentation’, and not...

TT Chamber apologises for map of Stabroek Block overlapping into Venezuela

The Trinidad and Tobago Energy Chamber has issued an apology after a map displayed during its Energy Conference this week showed a portion of Guyana’s Stabroek Block extending over the Guyana/Venezuela border. The Chamber said the “erroneous” map was developed...

“Guyana is Jamaica’s economic hinterland” – Investment Minister, as delegation in country to explore opportunities

The best of Jamaican businesses are currently scouting investment opportunities in Guyana, a country their Minister of Industry, Investment and Commerce, Aubyn Hill described as Jamaica's “natural economic hinterland.” Hill is leading the delegation of over 45 private sector companies,...

T&T’s Energy Chamber mulls piping gas from Venezuela as production dwindles

Trinidad and Tobago’s Energy Chamber believes the State is well positioned to replenish its dwindling gas reserves by using a pipeline to channel resources from Venezuela. The Chamber recalled that it had submitted a six point plan to Trinidadian authorities...

Anita Garibaldi vessel arrives in Brazil for Campos Basin operations

Japan’s MODEC Inc. announced on Monday that the Anita Garibaldi MV33 floating, production, storage and offloading (FPSO) vessel has arrived in Brazilian waters and is scheduled for commissioning before being deployed to the Campos basin. MODEC said the final commissioning...

Guyana’s President among headliners for upcoming TT Energy Conference

Guyana’s President Dr. Irfaan Ali will be among the other CARICOM heads of government to deliver feature remarks at the upcoming Trinidad and Tobago Energy Conference. T&T’s Energy Chamber – the official hosts of the signature event made the announcement. The...

Brazil’s new energy minister pushing expansion of refining sector

(Reuters) - Brazil's new mines and energy minister Alexandre Silveira said on Monday that state-run oil company Petrobras would play a leading role in expanding the refining sector and stressed the importance of developing renewable resources. Petrobras would encourage other...

Lula takes Brazil’s reins, vowing to combat climate change, protect the Amazon

Luiz Inácio “Lula” da Silva has reassumed the Presidency of Brazil, the largest democracy and oil producer in Latin America. With this assumption, Lula delivered an impassioned speech about his plans to tackle inequality, discrimination and threats to Brazil’s...

Guyana President on visit to South America’s biggest oil producing nation

Dr. Mohamed Irfaan Ali, President of South America’s up and coming oil producing powerhouse Guyana, is on a visit to Brazil, the continents biggest oil producer. According to a statement from the Office of the President, Mr. Ali left Guyana...

Brazil mature asset reserves could jump by 1 billion boe

With Petrobras divesting in many of its mature assets, new mid-cap upstream operators entering the Brazilian market will invest US$10 billion in capital investments during the next decade, boosting the production from these assets through 2027 and increasing remaining...

Latest News

PROSPERITY UPDATES: FPSO to set sail for Guyana in Q1 2023 – Hess

The Prosperity floating production, storage, and offloading (FPSO) vessel is expected to set sail from the Keppel shipyard in...