Regional

OP-ED: Venezuelan Reactions to the ICJ Ruling

By Riyad Insanally - OilNOW In an April op-ed, Ivelaw Griffith provided us with an informative summary and analysis of the April 6th ruling by the International Court of Justice (ICJ), dismissing Venezuela’s preliminary objections to the case brought by...

Guyana & Suriname to take center stage at Petroleum Engineering Conference

The Latin America and the Caribbean Petroleum Engineering Conference (LACPEC) is set to highlight the new exploration frontiers - Guyana and Suriname - showcasing the region's advancements in the energy industry. The conference, renowned as the premier technical event...

Guyana keen on discussing how Petrobras can get involved in its oil sector

Guyana’s Vice President, Dr. Bharrat Jagdeo, dispelled questions about whether Petrobras' withdrawal from Guyana’s inaugural offshore licensing round is linked to the controversy surrounding Venezuela's claim for Guyana’s territory. “Absolutely not!” was his response when asked. He argued that the Brazilian...

Suriname’s deepwater bid round closed

Suriname’s Staatsolie has announced the successful closure of its 2022-2023 Demerara Bid Round, where six blocks were up for grabs.  According to Staatsolie, it received qualified bids for three of the blocks offered from several companies and/or consortia.  “We thank all...

Just a few squeaky wheels calling for end to hydrocarbons, says Trinidad Energy Minister

Stuart Young, Trinidad and Tobago's Minister of Energy and Energy Industries has argued in favour of a balanced approach to energy production, acknowledging the transition challenges to renewable energy sources and the essential role of hydrocarbon-based resources in the...

Suriname LNG developers kickstart process for environmental authorisation

Phoenix Development and Havenbeheer Suriname have submitted a scoping report to Suriname’s National Institute for Environment and Development (NIMOS) seeking environmental authorisation for the planned liquid natural gas and mega port project - Firebird LNG.  In a May 8 announcement,...

Total, QatarEnergy grab up shallow blocks from Suriname’s 2021 bid round

Suriname’s state oil company Staatsolie Maatschappij Suriname N.V., TotalEnergies Suriname and QatarEnergy signed production sharing contracts for offshore blocks 6 and 8 on Monday May 8, 2023. In 2021, a Shallow Offshore Bid Round was completed offshore the South American...

No word on continuity of gas deal between TT/Venezuela 

The assurance of Trinidad’s Energy Minister, Stuart Young may have been given prematurely when he claimed that the controversy surrounding Venezuela’s PDVSA would not affect the Dragon gas deal.  It seems there has been no word from Venezuelan counterparts on...

No production target impacts expected as Petrobras delays project start-ups 

Brazil’s state-owned Petrobras has delayed the start-up of three floating production, storage and offloading (FPSO) vessels as its new energy strategy is being crafted.  Petrobras said that first oil dates for the Almirante Tamandaré FPSO and Maria Quiteria FPSO are...

Well tests begin at TT’s Ortoire block

Trinidad’s Touchstone Exploration Inc. said on April 24 that it confirmed the presence of light crude oil at non-commercial rates during the first Royston-1X well production test in the onshore Ortoire block.  Touchstone said in its announcement that five potential...

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First pipe for Uaru development delivered to VEHSI base – Exxon official 

Exxon’s fifth Guyana development - Uaru - continues to progress with the first pipe being delivered to the Vreed-en-Hoop...