Regional

Petronas, Exxon hit oil jackpot with second discovery at Block 52 offshore Suriname

Petronas Suriname has announced a major oil discovery at the Roystonea-1 exploration well in block 52.  The successful drilling, carried out in an offshore location about 185 kilometers from the coast and at a water depth of 904 meters, has...

Guyana warns against ‘international crime of aggression’ as Venezuela intensifies efforts to grab territory

The Government of Guyana has issued a strong statement expressing its firm rejection of the recent move by the National Electoral Council of the Bolivarian Republic of Venezuela to include questions in a national referendum, scheduled for December 3,...

Touchstone delivers first gas from Cascadura project in Trinidad

Calgary-based Touchstone Exploration Inc. has officially announced the commencement of production at its Cascadura natural gas and liquids facility in Trinidad. This announcement heralds a significant transition for Touchstone, pivoting the company's operations to be more natural gas-centric. The Cascadura...

Subsea7 achieves groundbreaking remote ROV operation from Scotland to Brazil Coast

In a remarkable feat of technological advancement, Subsea7 has successfully conducted a remote piloting operation for a work class Remotely Operated Vehicle (ROV) from Scotland, covering a staggering distance of 9,400 kilometers to the coast of Brazil.  Developed in-house by...

Staatsolie boss confident of FID for Suriname’s Block 58 next year; says more resources accumulating

2024 has been confirmed as the timeline for Suriname’s Block 58 Final Investment Decision (FID) signaling a potential start to offshore oil production in the South American country.  That timeline was confirmed to OilNOW by Managing Director of Staatsolie -...

Trinity Exploration hits “virgin oil” in super-mature basin in TT 

UK-based energy company Trinity Exploration & Production has made a groundbreaking discovery of what it refers to as "virgin oil" in an exceptionally mature basin onshore Trinidad and Tobago.  Trinity Exploration & Production announced on August 7 that it had...

Dutch maritime giant now part of massive Suriname Port project

Van Oord Dredging and Marine Contractors B.V., has joined Phoenix Development Company and Suriname’s Port Management Company, N.V. Havenbeheer to build a mega deepwater facility – Port of Nickerie – in Suriname. The partnership will integrate green energy, sustainable transport...

Petrobras selects SLB’s Delfi platform for 5-year digital transformation

Schlumberger (SLB) has secured a significant five-year contract from Petrobras, one of Brazil's largest oil and gas companies, for the enterprise-wide deployment of its cutting-edge Delfi™ digital platform.  The contract encompasses Petrobras' complete digital transformation across exploration, development, and production...

SBM Offshore’s new build FPSO receives $1.615 billion project financing for Mero Field in Brazil

SBM Offshore has announced the successful signing of a project financing agreement for the FPSO Alexandre de Gusmão, totaling a significant amount of US$1.615 billion. The financing has been secured through a consortium of 12 international banks, with insurance...

OP-ED: Venezuelan Reactions to the ICJ Ruling

By Riyad Insanally - OilNOW In an April op-ed, Ivelaw Griffith provided us with an informative summary and analysis of the April 6th ruling by the International Court of Justice (ICJ), dismissing Venezuela’s preliminary objections to the case brought by...

Latest News

Guyana is leading contributor to Noble’s 2023 revenue surge

Noble Corporation plc announced US$2.6 billion in revenue in its 2023 Annual Report, marking a year-on-year increase of 83%....