Saturday, December 10, 2022

Regional

123 years after settlement of boundary, Venezuela’s land grab aspirations now being driven by oil

Earlier this week, Guyana commemorated the 123rd anniversary of the 1899 Arbitral Award, which settled a land boundary dispute which had existed between British Guiana (now Guyana) and Venezuela. A week prior, Venezuela released a statement alleging that Guyana’s pursuit...

Fate of Petrobras hangs in the balance as Lula, Bolsonaro go head-to-head

The tight electoral race for Brazil’s Presidency will end finally on October 30 when top candidates Jair Bolsonaro and leftist Luiz Inácio Lula da Silva go to a run-off after delivering unexpected poll numbers on October 2. After the votes...

Whose is bigger? Brazil, Guyana will host world’s largest floating oil production vessels

Oil production vessels definitely have a wow factor. Their sheer size, processing power and capability of operating for decades without pause make them truly impressive facilities. The ‘Egina’ is a beast of a floating, production, storage, and offloading (FPSO) vessel...

Barbados offshore auction delayed to December 2022

Minister of State in Foreign Trade and Business for Barbados, Sandra Husbands, said the government announced that its 2022 offshore licensing round will be launched on December 1, 2022. This represents a delay of one month, after previous information from the Ministry...

T&T announces plans to review fiscal regime, make investments more favourable to oil companies

Trinidad and Tobago’s National Budget, which was presented on Monday by Minister of Finance, Colm Imbert, contained new measures to help revive the country’s oil and gas sector. An impending major development is a review of T&T’s fiscal regime to...

BpTT gets green light for massive Cypre gas development project

Bp Trinidad and Tobago (bpTT) disclosed on Friday that it has received the blessings of the Trinidadian government to proceed with the development of its Cypre offshore gas project. This decision, it said, followed recent meetings between Trinidad and Tobago’s...

Time running out for T&T to attract more upstream investment

The Trinidad and Tobago government committed since last year to conduct an in-depth review of the fiscal regime governing its upstream petroleum sector, said Chief Executive Officer of the Energy Chamber of Trinidad and Tobago, Dr. Thackwray Driver. But...

Trinidad & Tobago signs milestone gas supply contract with bpTT

The National Gas Company of Trinidad and Tobago Limited (NGC) said on Friday that it signed a "milestone" gas supply contract with energy major, bp Trinidad and Tobago (bpTT), to ensure future domestic gas supply for the upcoming years. NGC’s...

Maersk Drilling awarded one-well extension for Suriname campaign

TotalEnergies E&P Suriname, Suriname Branch has exercised an option to add the drilling of one additional well in Block 58 offshore Suriname to the work scope of the drillship Maersk Valiant. The contract extension is expected to commence in January...

Petrobras looking for new floating production vessel for Campos Basin

Petrobras on Tuesday launched a tender for a new floating oil platform as it moves ahead with the Albacora field, located in the pre-salt Campos Basin. The Brazilian state-owned entity said that the unit will be chartered for 27 years...

Latest News

Oil block auction opens for South America’s high-value basin, 25 billion barrels at stake

Guyana President Dr. Mohamed Irfaan Ali announced the opening of the country’s first competitive offshore bidding, early Friday morning,...