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...
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,...
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...
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...
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...
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,...
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...
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...
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...
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...
