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Search for more oil in Suriname underway at Tullow-operated Block 47

OilNOW -
A new drill campaign is set to get underway by Tullow Oil offshore Suriname at the Goliathberg Voltzberg North-1 (GVN-1) prospect at Block 47, targeting over 230 million barrels of oil. According to Ratio Petroleum, a 20% stakeholder in the...
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Baker Hughes expanding digital capabilities, reducing emissions in new order with Petrobras

OilNOW -
Baker Hughes said on Friday an order has been confirmed with Petrobras to provide a suite of digital solutions across the state oil company’s sites in Brazil. The order, booked in the fourth quarter 2020, will further expand Petrobras’...
Regional

Staatsolie: From a ‘voice in the wilderness’ to hitting deepwater jackpot

OilNOW -
Staatsolie Maatschappij Suriname is the state oil company of Suriname established to execute the country’s oil policy which includes exploration, drilling and the processing of oil. The company has said it was always confident of a major commercial discovery...
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Oil flow halted at Colombia pipeline near Venezuela border following attack

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(Reuters) - Oil flow through Colombia’s Cano Limon-Covenas pipeline was suspended on Friday after an attack with explosives started a fire, Cenit, a subsidiary of the country’s majority state-owned oil company Ecopetrol, said. The attack took place in a rural...
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Biden administration suspends oil and gas permitting on federal lands

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(Reuters) - The Biden administration has temporarily suspended oil and gas leasing and permitting on federal lands and waters while it evaluates the legal and policy implications of the program, according to a Department of Interior memo. The move appears...
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Disappointment for Trinidad as BHP confirms dry hole at Broadside-1

OilNOW -
Australian based petroleum company BHP confirmed on Wednesday that it failed to encounter hydrocarbons at the Broadside-1 exploration well in Trinidad and Tobago. “In Trinidad and Tobago, the Broadside-1 exploration well in the Southern Licence reached the main reservoir on October...
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Groups plan to press Biden to reverse ban on Venezuela fuel swaps

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(Reuters) - Representatives of fuel suppliers to Venezuela, importers of Venezuelan oil and advocacy groups said this month they plan to press the incoming administration of U.S. President-elect Joe Biden to reverse a ban on crude-for-diesel swaps. The Trump administration...
News

Maersk Drilling bags double-rig 500-day contracts for Suriname forays

OilNOW -
Based on the previously announced Conditional Letter of Award, Maersk Drilling said on Sunday that it has been awarded contracts for the deepwater rigs Maersk Valiant and Mærsk Developer from Total E&P Suriname, Suriname Branch, for Total’s exploration and...
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SBM Offshore gets ‘Best Oil Platform Operations’ award from Brazil’s Petrobras

OilNOW -
Dutch floater specialist SBM Offshore, operator of the Liza Destiny FPSO in Guyana, has received the ‘Best Oil Platform Operations’ award from Brazil’s state oil company, Petrobras. The accolade was given as part of Petrobras’ 2019 best suppliers awards exercise,...
News

Giant oil finds in Guyana and Suriname point to major frontier – Brazil Petroleum Studies

OilNOW -
The recent giant discoveries made in the deep and ultra-deep waters of Guyana, Suriname and French Guyana have proven the existence of multiple active petroleum systems in the area, Brazil Petroleum Studies (BPS) said in a report published this...
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Authorities say CGX has been treated fairly, insist no dispute exists with company

There is no dispute between CGX Energy and the Guyana government, the country's Minister of Natural Resources, Vickram Bharrat,...

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