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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...
News

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,...
Opinions

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...
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Guyana barrels remain ‘extremely competitive’ even in low-price scenarios – Norway research firm

Guyana’s deepwater volumes remain central to the pool of “advantaged barrels” that analysts say can withstand prolonged low-price environments....

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