Former Trinidad and Tobago (TT) Minister of Energy and Energy Affairs, Kevin Ramnarine, has called the outcome of the 2018 shallow water bid round disappointing and said that it demonstrates how “unattractive” the country’s acreage has become due to...
Crude production in Venezuela’s Orinoco belt plummeted to 169,800 b/d on Tuesday from 764,100 b/d at the beginning of April. This represents the combined crude production of Venezuela state PDVSA and its foreign partners, S&P Global Platts said in...
Tullow Oil has confirmed that it wants to drill for oil in select countries in 2020, including Jamaica. A report from the Jamaica Gleaner said that Tullow recently concluded a 3D seismic survey with promising results.
“The preliminary findings of...
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...
(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...
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...
(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...
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...
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...
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...
