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T&T announces plans to review fiscal regime, make investments more favourable to oil companies

OilNOW -
Trinidad and Tobago’s National Budget, which was presented on Monday by Minister of Finance, Colm Imbert, contained new measures to help revive the country’s oil and gas sector. An impending major development is a review of T&T’s fiscal regime to...
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BpTT gets green light for massive Cypre gas development project

OilNOW -
Bp Trinidad and Tobago (bpTT) disclosed on Friday that it has received the blessings of the Trinidadian government to proceed with the development of its Cypre offshore gas project. This decision, it said, followed recent meetings between Trinidad and Tobago’s...
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Time running out for T&T to attract more upstream investment

OilNOW -
The Trinidad and Tobago government committed since last year to conduct an in-depth review of the fiscal regime governing its upstream petroleum sector, said Chief Executive Officer of the Energy Chamber of Trinidad and Tobago, Dr. Thackwray Driver. But...
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Trinidad & Tobago signs milestone gas supply contract with bpTT

OilNOW -
The National Gas Company of Trinidad and Tobago Limited (NGC) said on Friday that it signed a "milestone" gas supply contract with energy major, bp Trinidad and Tobago (bpTT), to ensure future domestic gas supply for the upcoming years. NGC’s...
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Maersk Drilling awarded one-well extension for Suriname campaign

OilNOW -
TotalEnergies E&P Suriname, Suriname Branch has exercised an option to add the drilling of one additional well in Block 58 offshore Suriname to the work scope of the drillship Maersk Valiant. The contract extension is expected to commence in January...
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Petrobras looking for new floating production vessel for Campos Basin

OilNOW -
Petrobras on Tuesday launched a tender for a new floating oil platform as it moves ahead with the Albacora field, located in the pre-salt Campos Basin. The Brazilian state-owned entity said that the unit will be chartered for 27 years...
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T&T government, Shell discuss possible restructure of Atlantic LNG

OilNOW -
A potential restructure of Trinidad and Tobago’s Atlantic LNG dawns as a team of top government officials led by the Prime Minister Keith Rowley recently engaged with Shell Global at its Hague headquarters to discuss future developmental plans for...
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Quality of life for Trinidadians at risk if no new gas projects come online soon – Rowley

Shikema Dey -
Trinidad and Tobago truly offers a lesson to Guyana on what not to do with its vast oil and gas revenues, as the twin-island Republic struggles to keep its economy afloat with the earnings being garnered each year. Its Prime...
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Petrobras backtracks on sale of deepwater field

OilNOW -
Brazil’s state-owned Petrobras decided to end the divestment process for a sale of its entire stake in a Brazilian deepwater field - Albacora concession - to PRIO, formerly PetroRio, as both parties have failed to come to an amicable...
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Staatsolie eyes operatorship in Suriname’s shallow water blocks

OilNOW -
Staatsolie – Suriname’s state oil company – has its eyes set on becoming an operator in that nation’s shallow water blocks, according to its strategic goals 2022 through 2026. In its updated 2021 year-end report, Staatsolie’s Vice President – Offshore,...
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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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