Regional

Schlumberger (SLB) has secured a significant five-year contract from Petrobras, one of Brazil's largest oil and gas companies, for the enterprise-wide deployment of its cutting-edge Delfi™ digital platform.  The contract encompasses Petrobras' complete digital transformation across exploration, development, and production...

SBM Offshore has announced the successful signing of a project financing agreement for the FPSO Alexandre de Gusmão, totaling a significant amount of US$1.615 billion. The financing has been secured through a consortium of 12 international banks, with insurance...

By Riyad Insanally - OilNOW In an April op-ed, Ivelaw Griffith provided us with an informative summary and analysis of the April 6th ruling by the International Court of Justice (ICJ), dismissing Venezuela’s preliminary objections to the case brought by...

The Latin America and the Caribbean Petroleum Engineering Conference (LACPEC) is set to highlight the new exploration frontiers - Guyana and Suriname - showcasing the region's advancements in the energy industry. The conference, renowned as the premier technical event...

Guyana’s Vice President, Dr. Bharrat Jagdeo, dispelled questions about whether Petrobras' withdrawal from Guyana’s inaugural offshore licensing round is linked to the controversy surrounding Venezuela's claim for Guyana’s territory. “Absolutely not!” was his response when asked. He argued that the Brazilian...

Suriname’s Staatsolie has announced the successful closure of its 2022-2023 Demerara Bid Round, where six blocks were up for grabs.  According to Staatsolie, it received qualified bids for three of the blocks offered from several companies and/or consortia.  “We thank all...

Stuart Young, Trinidad and Tobago's Minister of Energy and Energy Industries has argued in favour of a balanced approach to energy production, acknowledging the transition challenges to renewable energy sources and the essential role of hydrocarbon-based resources in the...

Phoenix Development and Havenbeheer Suriname have submitted a scoping report to Suriname’s National Institute for Environment and Development (NIMOS) seeking environmental authorisation for the planned liquid natural gas and mega port project - Firebird LNG.  In a May 8 announcement,...

Suriname’s state oil company Staatsolie Maatschappij Suriname N.V., TotalEnergies Suriname and QatarEnergy signed production sharing contracts for offshore blocks 6 and 8 on Monday May 8, 2023. In 2021, a Shallow Offshore Bid Round was completed offshore the South American...

The assurance of Trinidad’s Energy Minister, Stuart Young may have been given prematurely when he claimed that the controversy surrounding Venezuela’s PDVSA would not affect the Dragon gas deal.  It seems there has been no word from Venezuelan counterparts on...