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19 out of 21 charged in PDVSA’s missing US$21.2B scandal 

Shikema Dey -
Charges of appropriation or distraction of public patrimony, money laundering and association, influence peddling, among other crimes were laid against 19 of the 21 persons fingered in the massive US$21.2 billion PDVSA scandal.  In a Tweet, Venezuela’s Attorney General Tarek...
News

PDVSA scandal will not affect T&T Dragon Gas Deal negotiations – Young 

Shikema Dey -
Trinidad and Tobago’s Energy Minister Stuart Young remains confident that the current PDVSA scandal will in no way affect its ongoing negotiations with Venezuela on the Dragon gas deal.  Young was forced to comment after Venezuela’s Energy Minister, Tareck Al...
News

The missing US$21.2B at the centre of Venezuela’s latest corruption scandal

Shikema Dey -
Venezuela’s PDVSA is making headlines again. And not in a positive way.  Just when Venezuela’s oil industry appeared to be on the rebound, PDVSA has been hit with a major corruption scandal investigation, one that has seen its Energy Minister...
News

Former energy minister disagrees with IMF’s positive outlook for Trinidad economy

OilNOW -
Trinidad and Tobago's economy got a favourable outlook from the International Monetary Fund (IMF) for 2023, seen as a positive sign that it is slowly recovering after years of struggling.  But its former Minister of Energy, Kevin Ramnarine disagrees. “The International...
Exploration

Hess, Chevron and Shell looking to hit pay at Suriname well this year 

OilNOW -
Chief Executive Officer of Hess Corporation, John Hess, said one exploration well will be drilled this year in Block 42 offshore Suriname.  Hess, Chevron and Shell, the operator, are equal stakeholders in the Block which lies north of Block 58,...
News

TT to see gas in two years if negotiations go well with Venezuela – Young

OilNOW -
Trinidad and Tobago (TT) expects gas to start flowing from the Dragon field project in two years, once all goes well in negotiations with Venezuela, its Energy Minister, Stuart Young has said.  Young, according to Reuters, is due back in...
News

CARICOM should seek energy security within itself instead of PetroCaribe – Climate Adviser

Kemol King -
When it comes to the question of energy security with the Caribbean Community (CARICOM), Former Science Adviser with the Caribbean Climate Change Centre, Dr. Ulric Trotz, believes it would be better to pursue a ‘PetroCARICOM’ agreement rather than a...
News

Trinidad commissions country’s first low exhaust tug

OilNOW -
The National Energy Corporation of Trinidad and Tobago commissioned the country’s first low exhaust tug on Tuesday, during a ceremony at Hyatt Regency in Port of Spain.  The new 60-ton bollard-pull tug, named National Energy Resilience, is International Maritime Organisation...
News

First gas from TT Cascadura facility expected in June

OilNOW -
Trinidad and Tobago’s National Gas Company (NGC) is expected to receive first gas from the Cascadura natural gas and associated liquids facility on or about June 30, 2023, Touchstone Exploration announced. “Touchstone remains on track to complete the Cascadura facility...
News

Dutch FPSO builder focusing efforts on Guyana, Brazil markets

OilNOW -
Guyana and Brazil remain key to Dutch floater specialist, SBM Offshore. The company in its 2022 Annual Report outlined that it is taking a “disciplined and selective” approach to market opportunities, focusing on the main floating, production, storage and offloading...
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Exxon not backing out of Block S8 talks – Jagdeo 

ExxonMobil, Hess and CNOOC are not backing out of talks with the Guyana government for a shallow water block...

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