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Venezuela’s latest move in its waiting game with Guyana, pt. 2

OilNOW -
By Ivelaw Lloyd Griffith - OilNOW In Part 1, we discussed Guyana’s pursuits at the World Court, Venezuela’s legal manoeuvres that likely will lead to an extension of the waiting game, and the existential anxiety and geopolitical desperation being experienced...
News

Joe Douglas Jack Up returns to TT for bp’s new drill campaign

OilNOW -
The Joe Douglas Jack Up rig has returned to Trinidad and Tobago for bp Trinidad and Tobago’s (bpTT) new round of drilling next month. According to bp, the drilling rig arrived in Trinidad on 30 August 2022 at Chaguaramas, headed to its Mango drilling site – situated...
News

Venezuela now projected to have 2nd highest growth this year, behind Guyana

OilNOW -
The Economic Commission for Latin America and the Caribbean’s (ECLAC) latest report lists Venezuela as the only other country behind Guyana with a high projected gross domestic product (GDP) rate for 2022. According to ECLAC, Venezuela is set to experience a...
News

Brazil’s upcoming election and what it means for Petrobras

OilNOW -
Millions of Brazilians are set to choose their next President on October 2 and all bets are on the incumbent Jair Bolsonaro and his fiercest opponent – former president, Luiz Ignacio Lula da Silva. Both have gone head-to-head this campaign season,...
Exploration

APA hoping for jackpot 17 miles north of Maka discovery offshore Suriname

OilNOW -
Following a successful drill campaign offshore Suriname at Baja-1 in Block 53, APA Corporation will now be turning its attention to the Awari exploration prospect, located around 17 miles north of the Maka discovery at Block 58. TotalEnergies operates Block...
News

T&T Energy Chamber develops new local content management system to track country’s progress

OilNOW -
Trinidad and Tobago’s Energy Chamber recognised, back in 2017, that the country lacked a proper system to accurately report and analyse the local content delivery of industry players operating there. Upstream operator companies have an obligation to report to the Ministry...
News

Brazil pushing restart of cold rigs to boost crude production – Rystad Energy

OilNOW -
Research from Norway Group Rystad Energy shows that Brazil is driving a wave of cold-stacking floating rig reactivations as the state-owned Petrobras pushes for higher crude output by 2030. In oil and gas, cold-stacking is the equivalent of shuttering a factory...
Exploration

Barbados to open auction for 22 offshore blocks in November

OilNOW -
Barbados is looking to test its exclusive economic zone for petroleum deposits, as it will open a licensing round for 22 offshore blocks later this year. The notice from the Ministry of Energy and Business said interested oil and gas...
News

Three of Brazil’s oil refineries, associated assets up for sale

OilNOW -
Brazil’s state-owned Petrobras has kickstarted the non-binding phase in its bid to sell three of its refineries and associated logistical assets. Petrobras announced on Monday that it began notifying potential buyers that they have been approved to participate and submit...
Exploration

APA makes first discovery at Suriname’s Block 53, comes up dry at 58

OilNOW -
APA Corporation on Tuesday announced an oil discovery offshore Suriname at Baja-1 in Block 53 and provided an update on recent drilling operations at Dikkop-1 in Block 58. Block 53 Baja-1 was drilled to a depth of 5,290 meters (17,356 feet)...
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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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