Regional

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Regional Oil and Gas Bonanza and the 25×2025 Food Import Reduction Imperative

OilNOW -
Dr. H Arlington D Chesney – OilNOW The Government of Guyana, in association with the CARICOM Secretariat, held an Agri-Investment Forum and Expo: investing in Vision 25x2025 from May 19 to 21, 2022. This initiative is consistent with the position...
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T&T looking to unlock over 23tcf of gas, 455M barrels of oil with aggressive 2022 bid rounds

OilNOW -
According to the Prime Minister of Trinidad and Tobago, Dr. Keith Rowley, the latest gas reserve audit for the country established that at year-end 2020, technically recoverable resources amounted to 23.2 trillion cubic feet (tcf) and prospective resources at...
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Guyana says Venezuela trying to delay World Court ruling in border case

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Venezuela has submitted to the International Court of Justice (ICJ) a Preliminary Objection to the admissibility of the ongoing border controversy case with Guyana, resulting in a suspension of the hearing, Guyana’s Ministry of Foreign Affairs said on Wednesday. Now,...
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Venezuela set to resume oil shipments to Europe as US relaxes sanctions

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With most of Europe facing an economic crisis following Russia’s invasion of Ukraine, the United States has stepped in to relax some of its sanctions on Venezuela so that oil shipments can be resumed to keep several states from...
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‘Current high oil prices must not lull us into false sense of security’ – T&T Energy Chamber Chairman

OilNOW -
The world has gone from negative oil prices to historic highs in just a few years. But Chairman of Trinidad and Tobago’s Energy Chamber, Dwight Mahabir, has cautioned countries to not let these current high oil prices lure them...
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Trinidad finalising pact with multinational energy giants for 112MW solar project

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The government of Trinidad and Tobago is finalising a commercial agreement for the 112.2-megawatt (MW) Project Lara, a joint venture comprising of multinational energy giants, Shell and BP, and specialist solar energy company, Lightsource BP. Two sites have been identified...
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Trinidad’s deepwater auction: 13 of 17 blocks receive no bids

OilNOW -
Trinidad and Tobago’s deepwater auction concluded on the final day of the Trinidad and Tobago Energy Conference, Thursday. Companies showed little interest, submitting bids for just four of 17 blocks. Information received from the Energy Chamber of Trinidad and Tobago indicates...
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Like Guyana, Trinidad going after relinquishment of oil blocks

OilNOW -
Along with a comprehensive review of its tax system, bid rounds for 17 deep water blocks, and the pursuit of gas exploration in cross border acreage to attract deep-pocket investors; the Government of Trinidad and Tobago says it is...
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Woodside, BHP complete merger to form global energy company

OilNOW -
Australian companies, BHP and Woodside, announced Wednesday that they completed their all-stock merger. The merger’s effective date, according to BHP, is July 1. BHP’s Chief Executive Officer, Mike Henry said, “The merger of our petroleum assets with Woodside creates a global energy...
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Deepwater blocks offshore Suriname up for grabs later this year

OilNOW -
By the end of 2022, Staatsolie Maatschappij Suriname N.V., Suriname’s National Oil Company (NOC) is set to auction off the country’s deepwater blocks; another auction is reportedly planned for the shallow blocks by mid-2023. Annand Jagesar, Staatsolie’s Managing Director told Reuters...
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SLB secures multi-region deepwater contracts from Shell

Shell has awarded major drilling contracts to SLB, a global energy technology company. These contracts aim to support energy...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

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