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BP to scale down gas production in Trinidad & Tobago by 15 percent

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Reports are that BPTT, said to be the largest gas producer in Trinidad and Tobago, will reduce its gas production by up to 300 million standard cubic feet per day in 2020 and 2021, constituting a 15 percent drop...
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Petrobras earnings take a hit

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(Upstream) Braziian oil giant Petrobras registered a 42% drop in earnings in the first quarter, compared with the same period of 2018, but continued to make progress with debt de-leveraging. The state-controlled company posted net income of 4.03 billion reals...
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Persad-Bissessar plans to leverage TT’s O&G expertise for jobs in Guyana’s emerging industry

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Trinidad and Tobago’s (TT) Opposition Leader, Kamla Persad-Bissessar is promising to create 50,000 jobs if re-elected Prime Minister in the twin island republic. Some of the jobs, she said, could come from opportunities in Guyana’s emerging oil and gas...
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Brazil government publishes additional rules regarding massive oil auction

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(Reuters) - Brazil’s government laid out on Wednesday some additional terms regarding a massive oil auction scheduled for later this year, in which it will sell off an oil-producing zone known as the transfer-of-rights area. In an official bulletin, the...
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Petrotrin rakes in 1.6 billion TT dollars operating profit in last year of service

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Trinidad and Tobago State-owned oil company Petrotrin made an operating profit of TT$1.67 billion (US$250.28 million) during its last year in existence. According to a report published by CNC3, this was revealed in unaudited figures that the company’s successor, Trinidad Petroleum...
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Pipeline leak forces Petrobras to halt production at P-25 platform

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Brazil's state-run oil company, Petrobras, said Monday it has halted production at platform P-25 in the Albacora field after identifying an oil spill from the offshore pipeline located in the northern region of the Campos Basin, about 110 kilometers...
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Venezuela fails to provide reasons why it thinks ICJ cannot hear border case with Guyana

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After asserting that the International Court of Justice (ICJ) has no jurisdiction to hear the case involving its claim over Guyana’s territory, Venezuela today failed to make a submission in support of its argument. The Guyana government said on Thursday...
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Venezuela turmoil puts a pause on Dragon Gas deal with Trinidad and Tobago

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Deteriorating conditions in Venezuela, home of the world’s largest oil reserves, is obstructing a deal with neighbouring Trinidad and Tobago to transport gas over a 17 km pipeline from the Dragon Gas Field to the Hibiscus platform, in the...
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BHP makes hydrocarbon discovery offshore Trinidad

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Australian company BHP announced that it has made commercial discovery of hydrocarbons offshore Trinidad and Tobago during the first quarter of 2019, on the heels of a gas discovery at the Bongos-2 well in the north last year. The find...
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Juan Guaido: Why China should switch sides in Venezuela

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(Bloomberg) China is the world's largest oil importer and Venezuela has the largest proven oil reserves in the world. For those two reasons alone, the economic relationship between our nations will inevitably grow. In fact, we hope for even...
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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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