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

OilNOW -
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...
News

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

OilNOW -
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...
News

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

OilNOW -
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...
Exploration

Trinidad opens competitive bid round for 17 deep water blocks

OilNOW -
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...
News

SBM Offshore strikes deal for Brazil FPSO

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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...
News

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

OilNOW -
(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...
News

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

OilNOW -
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...
News

Tullow walks away from Suriname, holds onto Guyana with 200-million-barrel campaign planned next year

OilNOW -
UK-based multinational oil and gas exploration company Tullow Oil is calling it a day in Suriname. Drilling operations at the Goliathberg-Voltzberg North (GVN) exploration well at Block 47 failed to deliver commercial crude earlier this year after reaching total...
News

T&T inks massive gas deal with Shell; to produce as much as 700 mmscf per day

OilNOW -
Prime Minister of Trinidad and Tobago, Dr. Keith Rowley announced on Wednesday that a crucial agreement was signed between his administration, Shell Trinidad and Tobago Limited, and Shell Trinidad and Tobago Resources SRL (Shell) on the terms and conditions...
News

Brazil working with OPEC but has no plans to join cartel

OilNOW -
(S&P Global Platts) Brazil is continuing to work cooperatively with OPEC but has no current plans to formally join the oil producer cartel, the country's energy minister said Nov. 17, noting rising domestic concerns over high oil and gas...
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SBM Offshore subsidiary seeks local suppliers for coverall production

Guyana Deep Water Operations Incorporated (GDO), a subsidiary of SBM Offshore, has issued a Request for Information (RFI) to...

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