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BP, Shell in joint bid for renewable energy project in Trinidad and Tobago

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BP Trinidad and Tobago LLC (BPTT) has submitted a bid to the country’s Ministry of Energy and Energy Industries (MEEI) for a commercial scale solar power project with partners, LightSource BP and Shell. In a news update published on October 4, Trinidad and...
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Flaring stays near record-high in the Permian

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Flaring and venting in the Permian Basin has stabilized in the range of 600 million to 650 million cubic feet per day (MMcfd), according to Rystad Energy’s preliminary data for the third quarter of 2019. Venting is gas release without...
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Suriname’s state oil firm signs production-sharing deal with Columbus

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(Reuters) - Suriname’s state-owned oil firm said on Friday it had signed a production-sharing agreement for the onshore Weg Naar Zee (WNZ) block with Britain-based oil and gas exploration company Columbus Energy Resources. In a statement, the company, Staatsolie Maatschappij...
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Chevron farms into Shell’s Mexico deepwater blocks

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US supermajor Chevron said on Friday it signed an agreement with Royal Dutch Shell to buy a 40% stake in three deepwater blocks on the Mexican Gulf. The deal which was approved earlier this week by Mexico’s oil regulator, the...
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Apache spuds Suriname wildcat

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US independent Apache has spud a wildcat on Suriname’s Block 58, probing a prospect considered to be closely on-trend with one of 14 discoveries made by US oil major ExxonMobil in neighbouring Guyana. According to an October 4 report from...
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Three days in Venezuela’s oil belt show the price of pillage

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As the mainstay industry withers, thieves take equipment, materials and the liquid itself (Bloomberg) The men step out of the van and act fast. As one stands guard, the others approach an oil pump and remove filler plugs. They drain...
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Brazil’s Petrobras pushes ahead with onshore field sales

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(S&P Global Platts) Brazilian state-led oil company Petrobras completed the sale of onshore oil fields in the Potiguar Basin and put several exploration blocks in the Reconcavo Basin up for sale as the company continued to shed onshore assets...
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SBM to bid for interest in five Brazilian FPSOs

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Dutch floater specialist SBM Offshore said on Monday it intends to bid for the interests held by Brazil's Servicos de Petroleo Constellation in five floating production, storage and offloading vessels. SBM said the auction consists of the minority stake held...
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Exxon is back in Brazil – and betting big on deepwater oil

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(Bloomberg) In November 2010, Exxon Mobil Corp. dispatched workers to a platform off the coast of Brazil, hoping to strike oil in one of the energy industry’s most anticipated drilling programs. About 2,300 meters (1.4 miles) below the surface,...
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Company owned by oil union to purchase Petrotrin refinery for US$700 million

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Media outfit Loop TT is reporting that Trinidad and Tobago’s Minister of Finance Colm Imbert announced that a company owned by the Oilfield Workers Trade Union (OWTU) has been named the preferred bidder to own and operate the Pointe-a-Pierre...
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BOMESC secures contract for Suriname’s first deepwater FPSO topside modules

BOMESC Offshore Engineering Company Limited has signed a contract with STS VOF to construct topside modules for Suriname’s first...

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