Tuesday, August 9, 2022

Regional

Touchstone’s Cascadura project moves closer to approval

Trinidad and Tobago’s Environmental Management Authority (EMA) has received the full Environmental Impact Assessment (EIA) for Touchstone Exploration’s Cascadura onshore gas project. The EIA supports the company's application for a Certificate of Environmental Clearance (CEC) to carry out its development...

Fire at Cuba oil facility spreads as 3rd tank ignites

HAVANA (AP) — A deadly fire that began at a large oil storage facility in western Cuba spread Monday after flames enveloped a third tank that firefighters had tried to cool as they struggle to fight the massive blaze. At...

South America’s offshore production will exceed onshore by 2024

New wells drilled in South America in 2014 contributed to 8% of new wells globally in the offshore sector and 4% in the onshore. And according to Norway-based Rystad Energy, activity has been on a downward trend since then,...

MODEC announces JV to compete for “challenging largescale FPSO projects”

President and Chief Executive Officer of Modec, Takeshi Kanamori said Friday the company came to an agreement with Toyo Engineering Corporation to establish a joint venture firm for the engineering, procurement and construction and installation (EPC) business of floating...

Guyana trade union defends agreement with T&T body, says country can learn from pitfalls

Following criticism from the Guyana Oil and Gas Energy Chamber (GOGEC) that its recent collaboration with Oilfield Workers Trade Union (OWTU) of Trinidad and Tobago could mean trouble, the Guyana Agricultural Workers' Union (GAWU) has come out to defend itself. While the Chamber...

Large number of ships heading to South America, Caribbean with refined products

(S&P Global Platts) A large fleet of refined product cargoes was en route July 19 to the southern part of South America to fill winter and harvest needs and to the Caribbean to fill summer tourist demand. Platts cFlow ship and...

Unlocking potential of Suriname’s 30 billion boe could be transformational – Legal Advisor

The most striking news to emerge from Suriname’s recently concluded Energy, Oil and Gas Summit (SEOGS) 2022 was uttered by the Vice President of Offshore at Staatsolie, Glenn Corrie – that 30 billion barrels of oil equivalent awaits discovery in the South American nation’s...

Anna Nery FPSO in voyage to Brazil

Petrobras said last Friday that the Anna Nery floating production storage and offloading (FPSO) vessel began its voyage to Brazil, from the Cosco Qidong shipyard in China. The platform is expected to start producing oil in 2023 in the...

Rich countries have “no moral authority” to tell Guyana, Suriname, T&T to keep oil in the ground

The climate crisis has seen wealthy countries that have built and transformed their economies with oil and gas, calling on countries in Africa, South America and the Caribbean, to hold off on developing their hydrocarbon resources. Calls have mounted for...

Despite multiple discoveries, no timeline yet for first oil in Suriname

Suriname’s Block 58 has churned out five discoveries in total, but operator TotalEnergies E&P Suriname B.V. is yet to make a Final Investment Decision (FID). Government officials expressed hope during the recently held Suriname Energy, Oil and Gas Conference (SEOGS) that this...

Latest News

Transocean nets US$1.2 billion in drilling contracts for Brazil, Gulf of Mexico

Transocean, the drilling company that was instrumental in making the giant Liza discovery, was contracted in August for drilling...