Regional

T&T Energy Chamber and Staatsolie sign MoU to build HSE capacity in Suriname

The Energy Chamber of Trinidad & Tobago (ECTT) and Suriname state oil company Staatsolie Maatschappij Suriname N.V. (Staatsolie) have signed a Memorandum of Understanding (MoU) to collaborate on building health, safety and environmental (HSE) capacity in the Surinamese oil...

Venezuela says it has produced drug capable of eliminating COVID-19

(teleSUR) Venezuela’s President Nicolas Maduro Sunday announced the discovery of a high-effective treatment capable of eliminating COVID-19 and pointed out that a drug will be presented to the World Health Organization (WHO) for certification. The treatment, based on a molecule called TR-10, was designed...

Brazil soars to China’s No. 3 crude oil supplier in September

(Reuters) - Brazil jumped to China’s third-biggest crude oil supplier in September, import data showed on Sunday, as China’s independent refiners scooped up cheap supplies of the South American exporter’s relatively high-quality oil. Imports from Brazil hit 4.49 million tonnes,...

Several attempts made since 2019 to offload cargo from Venezuelan tanker threatening to spill crude

The Venezuelan ship - FSO Nabarima - with more than 1 million barrels of crude has been immobilized and anchored in the Gulf of Paria in northeastern Venezuela since January 2019. State-owned oil company PDVSA has not been able to...

North American oil and gas bankruptcy debt to blow past US$100 billion

The impact of the coronavirus pandemic continues to take its toll on the global oil and gas industry with North America being particularly hard it. Mounting bankruptcies will see associated debt running into billions of dollars surpassing the previous...

Maersk spuds Suriname well, starts operations in T&T on same day

The semi-submersible rig Maersk Developer earlier this month spudded the Sloanea-1 well in Suriname on the same day the Mærsk Discoverer began operations at the Matapal development in Trinidad and Tobago (T&T). “Earlier this month, Maersk Developer spudded the Sloanea1...

Shell and CNOOC account for bulk of Mexico’s deepwater investments

(S&P Global) Deepwater projects took the bulk of the exploration investments in Mexico during the third quarter as private companies ramp up activities. Two exploration projects from Shell and one from China National Offshore Oil Corporation located in the deepwater...

Brazil’s Petrobras boosts 2020 production outlook

(Reuters) - Brazilian state-run oil company Petrobras said on Tuesday that 2020 production should exceed previously disclosed estimates, as the firm ramps up production at some of its most prolific offshore fields. Petroleo Brasileiro SA, as the firm is formally...

Peterson and OneSubsea bag contract for Matapal project in Trinidad and Tobago

Leading international energy logistics provider Peterson has confirmed a project logistics services contract with OneSubsea to support their work on the Matapal project in Trinidad and Tobago. The contract award will see Peterson deliver turnkey logistics support to OneSubsea for...

CDC modelling shows no direct impact to Guyana if oil tanker spills cargo in Gulf of Paria

The Civil Defence Commission (CDC) in Guyana said on Tuesday evening that several analyses and modelling were conducted of the potential threat of an oil spill from the FSO NABARIMA (bearing Venezuelan flag) which is listing with 173,000 tons...

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Subsea7, SLB OneSubsea sign agreement with PETRONAS Suriname for offshore project delivery

Subsea7 announced on April 7 that it has signed a strategic collaboration agreement with PETRONAS Suriname E&P B.V., alongside...