Regional

Energy giant bp granted 10-year extension on 92 licenses in Trinidad and Tobago

Trinidad and Tobago’s largest hydrocarbon producer, bp, has been granted a 10-year extension on 92 of its exploration and production licences in the Columbus Basin. According to a report on CNC3, the twin island republic is expected to reap a...

TT Energy Chamber launches Local Content Management System

The Energy Chamber of Trinidad and Tobago on Wednesday launched its Local Content Management System (LCMS), the first of its kind in the region, which seeks to establish a robust framework to estimate the proportion of a dollar spent...

Shell acquires Kosmos’ offshore interests in Suriname

Kosmos Energy on Wednesday said that it has entered into an agreement with B.V. Dordtsche Petroleum Maatschappij (Shell), a wholly-owned subsidiary of Royal Dutch Shell PLC, to farm down interests in a portfolio of frontier exploration assets for approximately...

Latin America’s renewable energy capacity set to skyrocket

Latin America is emerging as a green powerhouse, with some of the strongest renewable capacity growth expected globally in the coming years, Rystad Energy said in a report on Tuesday. With auctions already adopted throughout Latin America, the Norway-based...

Twenty-five percent of BP’s staff in T&T to be sent home

Prime Minister of Trinidad and Tobago Dr Keith Rowley has disclosed that BPTT officials have told him they will soon be cutting 25 per cent of their workforce, according to a report in the Trinidad Guardian. However, the report cites...

Total drops operator role for five exploration blocks in Brazil

French multinational oil and gas company Total said on Monday it had notified its partners on August 19 about its resignation from its role of operator for five exploration blocks, located in the Foz do Amazonas Basin, 120 kilometers offshore...

Trinidad & Tobago reports significant fall in natural gas production

Trinidad and Tobago’s Ministry of Energy and Energy Industries on August 11 reported that the Country’s natural gas production plummeted in June to its lowest level since 2016 averaging a mere 3.110 billion standard cubic feet per day (Bscf/D). The...

Venezuelan oil official flees to U.S. with intel on Maduro’s inner circle

(Bloomberg) --A former Venezuelan oil official fled the country and is talking to U.S. authorities about aiding their investigation of a high-level corruption scheme that helped plunge the oil-rich nation into an economic meltdown. Carmelo Urdaneta Aqui, a onetime legal...

T&T’s energy minister says no reports of Venezuelan tanker on verge of capsizing in Gulf of Paria

Minister of Energy and Energy Affairs of Trinidad and Tobago Franklin Khan says the country’s Maritime Division is not aware of a tilting Venezuelan oil tanker which is purportedly in danger of capsizing near Guiria, a report in the...

Top envoy says U.S. preparing tighter oil sanctions on Venezuela

(Reuters) - The Trump administration is looking to tighten oil sanctions on Venezuela in the near future, top U.S. envoy for the country told Reuters on Monday, by potentially removing exemptions that allow some oil companies to receive crude...

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Iran threatens to close just-reopened Strait of Hormuz if U.S. blockade continues

Iran is now warning it will shut the Strait of Hormuz to commercial shipping again if the United States...