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Unappealing fiscal terms, mature gas fields placing Trinidad at risk

OilNOW -
Arthur Deakin, Analyst at Americas Market Intelligence (AMI) believes that Trinidad and Tobago’s oil and gas prospects remain dire and will continue to spiral without new oil and gas discoveries. In an OilNOW column, Deakin noted that T&T has been...
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Trinidad concludes nomination period for shallow water bid round

OilNOW -
Trinidad and Tobago’s Ministry of Energy and Energy Industries (MEEI) concluded the nomination period for its shallow water competitive bid round, Tuesday. Nominations ran for six weeks from August 30, 2022. Interested parties were allowed to nominate for any number of...
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Touchstone starts up production at first onshore gas project in T&T in over 20 years

OilNOW -
Touchstone Exploration Inc. announced on Tuesday that the Coho facility has safely delivered first natural gas, representing the first onshore natural gas project to come onstream in Trinidad and Tobago in over twenty years. The Coho area is located...
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‘TT companies will move to Suriname if Ramps doesn’t get local content certificate’ – Trini business strategist

OilNOW -
If Guyana fails to grant Ramps Logistics a Local Content Certificate to operate within its oil sector, Trinidad and Tobago companies will take their business elsewhere, to neighbouring Suriname. This was communicated by a T&T business strategist – Jaishima Leladharsingh –...
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US State Department says Guyana/Venezuela land boundary should be respected

OilNOW -
The United States Department of State says the 1899 Arbitral Award, which settled the land boundary between Guyana and Venezuela, should be respected. This was stated in a Tuesday tweet by Assistant Secretary for Western Hemisphere Affairs, Brian Nichols. He said...
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Suriname to open auction for Demerara acreage in Q4

OilNOW -
Suriname’s state-oil entity Staatsolie plans to open an auction for nation’s Demerara acreage, during the fourth quarter of 2022. Staatsolie representatives revealed this at the Guyana Basins Summit (GBS) 2022 currently being held at the Pegasus Suites in Guyana. The...
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123 years after settlement of boundary, Venezuela’s land grab aspirations now being driven by oil

OilNOW -
Earlier this week, Guyana commemorated the 123rd anniversary of the 1899 Arbitral Award, which settled a land boundary dispute which had existed between British Guiana (now Guyana) and Venezuela. A week prior, Venezuela released a statement alleging that Guyana’s pursuit...
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Fate of Petrobras hangs in the balance as Lula, Bolsonaro go head-to-head

OilNOW -
The tight electoral race for Brazil’s Presidency will end finally on October 30 when top candidates Jair Bolsonaro and leftist Luiz Inácio Lula da Silva go to a run-off after delivering unexpected poll numbers on October 2. After the votes...
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Whose is bigger? Brazil, Guyana will host world’s largest floating oil production vessels

Shikema Dey -
Oil production vessels definitely have a wow factor. Their sheer size, processing power and capability of operating for decades without pause make them truly impressive facilities. The ‘Egina’ is a beast of a floating, production, storage, and offloading (FPSO) vessel...
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Barbados offshore auction delayed to December 2022

OilNOW -
Minister of State in Foreign Trade and Business for Barbados, Sandra Husbands, said the government announced that its 2022 offshore licensing round will be launched on December 1, 2022. This represents a delay of one month, after previous information from the Ministry...
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Second phase of Berbice training facility progressing with extended timeline

The construction of the oil and gas training facilities at the Guyana Technical Training College (GTTCI) in Port Mourant,...

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