Regional

Exploration

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

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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

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

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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

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

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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)...
News

Time running out for T&T to offer more investor-friendly contract terms – Energy Chamber

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The Trinidadian government had expressed openness to revising Production Sharing Contracts (PSC) to stimulate new investment in the twin-island Republic. The Energy Chamber of Trinidad and Tobago had called for this to be done. Upping its plea to the administration,...
News

Touchstone’s Cascadura gas project gets greenlight

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Trinidad and Tobago’s Touchstone Exploration Inc. received its Certification of Environmental Clearance (CEC) to move ahead with its Cascadura gas project from the Ortoire block offshore. Touchstone has an 80% operating working interest in the Ortoire block, with Heritage Petroleum Company...
News

Petrobras selling off interest in exploration assets in Brazil’s Potiguar Basin

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Brazil’s state-controlled Petrobras has started the process to sell 40% of its interest in two exploratory deep-water concessions in the Potiguar Basin on the coast of Rio Grande do Norte. The company currently has a 100% interest in these concessions and said it will...
News

With resources topping 17 billion boe, Guyana-Suriname Basin boosting Noble earnings

OilNOW -
Contract drilling services revenue earned by Noble Corporation for the second quarter of 2022 totalled US$262 million compared to $195 million in the first quarter, it reported Monday. Noble said marketed fleet utilisation was 85% in the three months ended...
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Stena Drilling invests over US$85M in Guyana, employs 157 locals

Since 2016, Stena Drilling has contributed significantly to Guyana’s economy through local investments and job creation. Stena DrillMAX en route...

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