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One Basin Three Nations launches Regional Energy Training and Technology Center

OilNOW -
One Basin Three Nations (OBTN) has launched a new Regional Energy Training and Technology Center based in Suriname, created by joining forces with strategic internationally established industry partners such as MINTRA Group, Technology Catalogue and IN-VR. OBTN’s said its...
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Chevron and Qatar Petroleum consortium win bids for Suriname oil blocks

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Chevron Exploration Suriname Limited and a consortium consisting of TotalEnergies and Qatar Petroleum have submitted the most favourable bids for shallow offshore blocks in Suriname’s recently concluded bid round. State oil company Staatsolie Maatschappij Suriname N.V. said on Friday Chevron...
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Another S/American country looking to increase oil & gas investments, speed up production

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Countries across the Latin America and Caribbean region have been increasingly pursuing measures that would enhance the competitiveness of their oil and gas sector and speed up production. Brazil, Trinidad and Tobago, Suriname and new oil producer Guyana are...
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Gas set to play increasingly important role in new energy mix, says TT Prime Minister

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As transition strategies begin to take shape around the world, it is becoming more evident that natural gas has a key role to play in helping countries and organizations achieve ambitious targets. Making this fundamental point recently was Prime...
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Caribbean governments want to develop oil & gas resources as fast as possible

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Despite criticism by some groups in Guyana that the country is moving too quickly with the development of its vast hydrocarbon resources, the government there as well as authorities in other Caribbean territories have recognised that the window to...
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Suriname production expected to hit 650,000 bpd by 2030

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Consultancy group Rystad Energy estimates that the five offshore discoveries made so far in Suriname hold cumulative recoverable resources of around 1.9 billion barrels of oil equivalent and anticipates production to come on stream by the end of decade,...
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Saipem, Daewoo contracted to build giant US$2.3 billion Brazil FPSO

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Italian multinational oilfield services company Saipem in joint venture with South Korea’s Daewoo Shipbuilding & Marine Engineering Co. Ltd (DSME) has been awarded a contract by Petróleo Brasileiro (Petrobras) for the construction of the Floating Production Storage and Offloading...
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Total selects Yinson for pre-FEED work on first Suriname FPSO

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Yinson has been selected by Total to perform preliminary Front-End Engineering Design (pre-FEED) for two FPSO projects; one to be installed in Block 58 in Suriname and the other at Block 20/21 in Angola. “The Angola project will be installed...
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Urgent changes needed to fiscal regime if T&T is to attract investment – Task Force

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On the first day of the Trinidad & Tobago Energy Conference 2021, Peter Inglefield, Chair of the Energy Chamber’s Task Force on Fiscal Reform outlined the need for changes to Trinidad & Tobago’s fiscal regime, if the industry is...
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Ali calls on Guyanese investors to position themselves for opportunities in Suriname’s oil boom

OilNOW -
While it is crucial for local investors to position themselves to benefit from the opportunities that lie in Guyana’s booming oil sector, they should also take caution in not having tunnel vision. According to President Irfaan Ali, Guyanese investors...
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Exxon’s sole Guyana discovery for 2024 holds 500 million boe, says Rystad Energy

ExxonMobil’s only discovery in the Stabroek Block in 2024 - Bluefin is estimated to hold some 500 million barrels...

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