Regional

T&T government, Shell discuss possible restructure of Atlantic LNG

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...

Quality of life for Trinidadians at risk if no new gas projects come online soon – Rowley

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...

Petrobras backtracks on sale of deepwater field

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 eyes operatorship in Suriname’s shallow water blocks

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,...

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

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...

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

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...

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

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...

Brazil’s upcoming election and what it means for Petrobras

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,...

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

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...

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

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...

Latest News

Hess says large-scale seismic surveys helped unlock Guyana’s offshore oil basin

HOUSTON, TEXAS — Hess Corporation’s Guyana Appraisal Director Tim Chapman said advances in seismic imaging played a major role...