S&P Global analysts have placed Guyana at the top of a list of 10 Atlantic Margin basins, in its assessment of which countries offer a conducive investment environment for long-term upstream projects.
The firm noted that recent discoveries by international...
Touchstone Exploration, a Trinidad-focused energy company, announced its financial outcomes for the first quarter of 2024, which note a 20% decrease in sales from oil and natural gas compared to the last quarter of 2023.
In the latest quarterly financial...
Brazil’s state-owned Petrobras said it will need a “broad and qualified supply chain” to meet the demand for new production systems it aims to install by 2028. This point was made by its Director of Engineering, Technology and Innovation,...
Former Colombian President Ivan Duque believes that the situation unfolding in Ukraine will not be replicated in the Western Hemisphere, because of the international community’s support for Guyana.
Russia invaded Ukraine back in 2022 in an escalation of the Russo-Ukrainian...
The Offshore Technology Conference (OTC) presented a Distinguished Achievement Award to Petrobras in the “Companies, Organizations, and Institutions” category.
Petrobras garnered recognition for its innovations in revitalizing mature fields within the deepwater Campos Basin, particularly advancements in the Marlim field.
Jean...
Petronas Suriname has announced a major oil discovery at the Roystonea-1 exploration well in block 52.
The successful drilling, carried out in an offshore location about 185 kilometers from the coast and at a water depth of 904 meters, has...
The Government of Guyana has issued a strong statement expressing its firm rejection of the recent move by the National Electoral Council of the Bolivarian Republic of Venezuela to include questions in a national referendum, scheduled for December 3,...
Calgary-based Touchstone Exploration Inc. has officially announced the commencement of production at its Cascadura natural gas and liquids facility in Trinidad. This announcement heralds a significant transition for Touchstone, pivoting the company's operations to be more natural gas-centric.
The Cascadura...
In a remarkable feat of technological advancement, Subsea7 has successfully conducted a remote piloting operation for a work class Remotely Operated Vehicle (ROV) from Scotland, covering a staggering distance of 9,400 kilometers to the coast of Brazil.
Developed in-house by...
2024 has been confirmed as the timeline for Suriname’s Block 58 Final Investment Decision (FID) signaling a potential start to offshore oil production in the South American country.
That timeline was confirmed to OilNOW by Managing Director of Staatsolie -...
