Wednesday, January 19, 2022

Regional

Venezuela doubled oil production this year after hitting lowest point in a decade

(Reuters) - Venezuela this year almost doubled its oil production from last year's decades-low as its state-owned company struck deals that let it pump and process more extra heavy crude into exportable grades. The surprising reversal began as state-run Petroleos...

Argentina’s oil output to surpass 600,000 bpd on Vaca Muerta rally

Argentina’s massive Vaca Muerta shale play reported yet another month of outstanding oil production growth, with October volumes surpassing 190,000 barrels per day (bpd) for the first time in history on the back of a record-high number of wells...

Dutch floater specialist secures US$620 million loan for Brazil FPSO

SBM Offshore announced Friday that it has secured a US$620 million bridge loan facility for the financing of the construction of FPSO Alexandre de Gusmão. The FPSO Alexandre de Gusmão will be deployed at the Mero field in the Santos Basin offshore Brazil. Mero is...

Rowley says Exxon’s relocation of supply services to Guyana expected as country targets 1 million bpd

ExxonMobil's almost 100 percent relocation of supply chain services from Trinidad and Tobago to Guyana is not an unexpected move, says Prime Minister of the Twin Island Republic, Dr. Keith Rowley. He said this is especially understandable since Guyana's...

Former Staatsolie boss says large volumes of gas will deliver cheap energy in hottest new basin

South America’s hottest new basin where billions of barrels of oil discovered over the past six years have brought world-wide attention is set to deliver large volumes of gas says a former head of Suriname state oil company, Staatsolie. “Our...

Upcoming auction could extend life of T&T’s gas sector beyond 2040, says former energy minister

While he is enthused by recent announcements that Trinidad and Tobago has put 17 deepwater blocks up for auction, TT’s former Minister of Energy, Kevin Ramnarine says this bid round will be crucial to the longevity of the country’s...

Trinidad opens competitive bid round for 17 deep water blocks

The government of Trinidad and Tobago recently announced the opening of its deep-water competitive bid round for the fiscal year 2022. The Ministry of Energy and Energy Industries (MEEI) which is responsible for the overall management of the oil, gas...

SBM Offshore strikes deal for Brazil FPSO

SBM Offshore said Tuesday that it has signed contracts with Petróleo Brasileiro S.A. (Petrobras) for the 22.5 years lease and operation of FPSO Alexandre de Gusmão. These contracts follow the signing of the binding Letter of Intent announced on August...

EU says Venezuela’s recent elections an improvement over past votes, but problems persist

(Al Jazeera) Venezuela’s recent regional and local elections were held under better conditions than previous contests, the head of a European Union observation mission has said, despite a series of irregularities. Isabel Santos told reporters on Tuesday that EU observers noted a...

Natural Gas has unquestionable benefits in energy transition; should not be subjected to negative banter- TT Energy Minister

While some leading experts and institutions across the world have called on nations to quickly transition to cleaner sources of energy, particularly renewable options, Trinidad & Tobago is insisting that it will adhere to this call on its own...

Latest News

‘If not now, then when’: Guyana gov’t targeting 50 million barrels by 2026

The number of major oil projects to be sanctioned globally in 2022 is anticipated to be in the mid-30s,...