Regional

TotalEnergies could potentially subscribe to Guyana-based capping stack service for its first development offshore Suriname

Paramaribo Suriname - With Guyana now having a capping stack in country, TotalEnergies is considering a subscription as plans progress for Suriname’s first offshore development.  TotalEnergies Vice President - Health, Safety, Security, and Environment, Simon Byrne, confirmed this on Aug. 28...

bpTT pursuing Coconut Gas development

bp Trinidad and Tobago (bpTT) and EOG Resources Trinidad Limited (EOG) have announced a joint venture to develop the Coconut gas field, located off the southeast coast of Trinidad in the Columbus Basin.  The partnership, structured as a 50/50 joint...

Guyana surpasses Trinidad in hydrocarbon production 

Guyana now produces more hydrocarbons in the Caribbean region than veteran producer Trinidad and Tobago (TT).  Data from TT's Ministry of Energy and Energy Industries shows oil and condensate production of 50,246 barrels per day (b/d) in the first four...

TotalEnergies to hold stakeholder meeting for Suriname’s first deepwater development

Total Energies EP Suriname B.V. will host a stakeholder meeting on August 28, from 9:00 AM to 11:00 AM, at the Royal Ballroom Torarica in Paramaribo, a notice outlined.  The meeting will be conducted in Dutch, with English slides, and...

Suriname to come up with US$1.8 billion for stake in Block 58 project

Suriname’s state oil company Staatsolie is set to plug US$1.8 billion in the nation’s first offshore oil project, according to the company’s 2023 annual report.  Staatsolie could participate with up to 20% stake in the Block 58 field development. Its...

Maduro declared winner but opposition says it won 70% of the vote

(Al Jazeera) Nicolas Maduro, 61, has been declared the winner in Venezuela’s presidential election by the electoral authority, setting up a high-stakes showdown that will determine whether the South American nation transitions away from one-party rule. Opposition leader Maria Corina...

ABS to classify Seatrium’s new FPSOs for Petrobras in offshore digital collaboration

Seatrium has awarded the American Bureau of Shipping (ABS) a classification contract for Petrobras' newbuild floating production storage and offloading (FPSO) platforms, P-84 and P-85. Final delivery is expected by 2029. These are the first FPSOs following the ABS...

Push local content, don’t forget about Suriname’s other sectors – Business Development CEO 

Paramaribo, Suriname - In an interview at the recent Suriname Energy Oil & Gas Summit, Ileana Ferber, Chief Executive Officer and founder of Colibri Business Development urged the South American nation to balance local content development alongside the growth...

Suriname Energy Conference returns this week as nation gears up for first landmark offshore development 

Paramaribo, Suriname: The fourth Suriname Energy, Oil & Gas Summit (SEOGS) returns this week from June 4-7 in Paramaribo under the theme; “The Next Stage of Success”. The host remains Suriname’s state oil firm, Staatsolie. The event will be held...

Increased hydrocarbon production ups IMF growth estimate for Brazil

An International Monetary Fund (IMF) team, led by Ana Corbacho and Daniel Leigh, conducted discussions with Brazilian authorities and stakeholders for the 2024 Article IV Consultation from May 15-27, 2024. The IMF issued a statement highlighting Brazil's economic resilience...

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Global upstream investments to decline 2% in 2025, says Rystad Energy

Global upstream investments are forecast to drop by 2% in 2025, marking a slowdown after years of growth, according...