Wednesday, December 8, 2021

Regional

Trinidad opens competitive bid round for 17 deep water blocks

The government of Trinidad and Tobago recently announced the opening of its deep-water competitive bid round for the fiscal year 2022. The Ministry of Energy and Energy Industries (MEEI) which is responsible for the overall management of the oil, gas...

SBM Offshore strikes deal for Brazil FPSO

SBM Offshore said Tuesday that it has signed contracts with Petróleo Brasileiro S.A. (Petrobras) for the 22.5 years lease and operation of FPSO Alexandre de Gusmão. These contracts follow the signing of the binding Letter of Intent announced on August...

EU says Venezuela’s recent elections an improvement over past votes, but problems persist

(Al Jazeera) Venezuela’s recent regional and local elections were held under better conditions than previous contests, the head of a European Union observation mission has said, despite a series of irregularities. Isabel Santos told reporters on Tuesday that EU observers noted a...

Natural Gas has unquestionable benefits in energy transition; should not be subjected to negative banter- TT Energy Minister

While some leading experts and institutions across the world have called on nations to quickly transition to cleaner sources of energy, particularly renewable options, Trinidad & Tobago is insisting that it will adhere to this call on its own...

Tullow walks away from Suriname, holds onto Guyana with 200-million-barrel campaign planned next year

UK-based multinational oil and gas exploration company Tullow Oil is calling it a day in Suriname. Drilling operations at the Goliathberg-Voltzberg North (GVN) exploration well at Block 47 failed to deliver commercial crude earlier this year after reaching total...

T&T inks massive gas deal with Shell; to produce as much as 700 mmscf per day

Prime Minister of Trinidad and Tobago, Dr. Keith Rowley announced on Wednesday that a crucial agreement was signed between his administration, Shell Trinidad and Tobago Limited, and Shell Trinidad and Tobago Resources SRL (Shell) on the terms and conditions...

Brazil working with OPEC but has no plans to join cartel

(S&P Global Platts) Brazil is continuing to work cooperatively with OPEC but has no current plans to formally join the oil producer cartel, the country's energy minister said Nov. 17, noting rising domestic concerns over high oil and gas...

Six oil companies will compete to sell up to 55 million barrels of Brazil crude

(S&P Global Platts) Six oil companies will compete for the rights to buy Brazil's share of profit oil from four subsalt production sharing fields, with up to 55 million barrels of crude available, government subsalt management company Pre-Sal Petroleo...

Appeal hearing granted to US oil execs jailed in Venezuela

(AP) — Six U.S. oil executives detained in Venezuela for four years on corruption charges have been granted a hearing before an appeals court, a rare decision by the judicial system in the South American country. A judge this week...

Venezuela slashes daily oil production target to 1 million barrels

(Bloomberg) Venezuela’s state oil company slashed its output target by one-third as years of corruption, brain drain, and inadequate investment crippled the nation’s energy infrastructure. PDVSA cut its daily production target to 1 million barrels from a 1.5-million-barrel goal announced in...

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Guyana’s lone Energy Chamber signs MoU with Ghana Petroleum Commission

The Guyana Oil and Gas Energy Chamber (GOGEC) signed a Memorandum of Understanding with the Petroleum Commission of Ghana...