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bp secures NCMA 2 Block offshore Trinidad

OilNOW -
bp has been awarded the NCMA 2 block off Trinidad’s north coast during the Shallow Water 2023/24 bid round, which closed in May 2024. This will be a new exploration area for bp in Trinidad and Tobago, as its...
News

Suriname Awareness Symposium for Jan. 2025 as country gears for first offshore oil development

OilNOW -
Suriname Awareness Symposium 2025 (SAS2025) aims to build Suriname's future through the development of the energy sector. This event will bring together key stakeholders to discuss and strategize on local economic development, stakeholder collaboration, and economic diversification.  On a rainy...
News

Touchstone averages 5,211 boe/d production in third quarter

OilNOW -
In the third quarter of 2024, Touchstone Exploration achieved an average quarterly production of 5,211 barrels of oil equivalent per day (boe/d), 75% of which was natural gas, marking a 54% increase from 3,391 boe/d in the same period...
News

Venezuela gas explosion shuts down more than 60% of fuel supply to country

OilNOW -
More than 60 percent of Venezuela’s fuel supply has been shut down following a gas explosion at a key production facility run by state firm Petroleos de Venezuela (PDVSA). At least eight people were killed in the incident while...
News

Touchstone boosting production with Cascadura wells 

OilNOW -
Touchstone Exploration announced well test results on November 11 from its Cascadura-2ST1 and Cascadura-3ST1 wells, as it undertakes a production boost in Trinidad and Tobago. The production came through the Cascadura C onshore well pad in the Ortoire Block. Touchstone said that during...
News

‘Thousands of people in hundreds of organizations’ complete SBM Offshore’s FPSO Alexandre de Gusmão

OilNOW -
The Floating Production Storage and Offloading vessel Alexandre de Gusmão, which incorporates SBM Offshore’s Fast4Ward® new build, multi-purpose hull design, has been completed. The company recently announced the naming ceremony of the vessel, which took place at the COSCO...
News

NGC can lend expertise to Guyana, Suriname for gas projects – Chairman

OilNOW -
The National Gas Company (NGC) of Trinidad and Tobago wants to be a partner for emerging natural gas producers in the region, especially in Guyana and Suriname. With global energy shifting towards lower-carbon fuels like natural gas, which is...
News

Primera to drill three wells at Rio Claro license Block onshore Trinidad

OilNOW -
Primera Oil and Gas Limited, a subsidiary of Touchstone Exploration Inc., has formally commenced the Rio Claro license, it said on November 5.  The six-year license includes a financial obligation of US$2.4 million, which covers the execution of five geological...
News

Guyana, Suriname can meet 11% of mid-2030s LNG supply gap – WoodMac

OilNOW -
Energy data analytics provider Wood Mackenzie said Guyana and Suriname can supply up to 12 million metric tonnes per annum (MMTPA) of liquefied natural gas (LNG) by the next decade.  This output would account for approximately 11% of the anticipated...
Exploration

Touchstone achieves initial production at Cascadura C well pad in Trinidad 

OilNOW -
Touchstone Exploration Inc. has achieved initial production from its Cascadura C onshore well pad during the testing phase. In a November 4 release, Touchstone said it safely commissioned the flowline connecting the Cascadura C surface location to the Cascadura natural...
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Energy InsightsChevy Devonish -

The Laws underpinning Guyana’s Maritime Zones: Why Venezuela’s actions violate international and Guyana’s national laws 

On March 1, 2025, a Venezuelan navy vessel entered Guyana’s exclusive economic zone (EEZ). It approached several assets, including...

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