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Former TT Prime Minister thinks Guyana oil can save Petrotrin refinery from closure

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Former Trinidad and Tobago Prime Minister, Kamla Persad-Bissessar is urging the current government in the twin-island republic to pursue a partnership with neighbouring Guyana to refine its oil in order to avert the closure of the Petrotrin refinery. According to...
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Tanker collision at PDVSA can trigger force majeure

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A tanker collision at Venezuela’s state-owned PDVSA’s main terminal, or Jose dock, could result in a drop in that country’s crude exports by a third in September possibly leading to a force majeure declaration, news outlets report. Several million...
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BP, Shell and Total confirmed for Brazil’s 5th bid round

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BP, Shell and Total have been given the green light to bid in Brazil’s 5th production sharing round set to take place on September 28. The South American country’s oil regulator ANP said on Wednesday, August 29, that in all,...
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Mexico gov’t may be looking to halt open bidding for oil blocks – Reuters

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The incoming government of Mexico may be considering suspending auctions for oil and gas projects in favour of direct negotiations Reuters reported on Wednesday. Mexico’s state-owned petroleum company Pemex could be given the authority to pick its own joint-venture partners...
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Kamla Persad-Bissessar calls for pragmatic approach to Petrotrin’s restructuring

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Trinidad and Tobago’s Leader of the Opposition Kamla Persad-Bissessar has urged the country’s Government to take a cautious and pragmatic approach to the restructuring of state-owned petroleum company Petrotrin. On Monday, it was announced that Petrotrin would be shutting down...
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2,600 workers to be impacted as Petrotrin shuts down operations

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The closure of Trinidad and Tobago’s Petrotrin refinery was confirmed on Tuesday, August 28, following a meeting between the Board of Directors, union representatives and the company’s management. The Pointe-a-Pierre refinery’s operations will end entirely and Petrotrin will move to...
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Trinidad refinery to close report indicates

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Trinidad and Tobago’s State oil company Petrotrin’s Pointe-a-Pierre refinery is said to be on the verge of shutting down operations. The Trinidad Express reported on Monday night that the twin-island republic’s government has decided to shut down the refinery due...
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Trinidad’s move to enter ‘gas deal’ with Venezuela detrimental to Guyana – Robert Persaud

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Former Guyanese Minister of Natural Resources and the Environment Robert Persaud has accused Trinidad and Tobago of “once again acting in its own narrow economic interest" in partnering with Venezuela on a gas deal over the weekend. In a Facebook...
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Earthquake Watch: Refineries, O&G installations operating normally in Venezuela and Trinidad

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In wake of a major earthquake measuring 7.3 in magnitude which struck Venezuela’s eastern coast at 5:31 pm on Tuesday, reports indicate that the country's oil refineries and oil fields were operating normally. Officials said there were no immediate reports...
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Conoco to recover $2B in agreement with Venezuela

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ConocoPhillips said it will receive $2 billion in a settlement with Petroleos de Venezuela SA, ending a dispute that’s severely crippled Venezuela’s ability to export the crude oil at the heart of its faltering economy. An international tribunal awarded the amount in...
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Stena Drilling invests over US$85M in Guyana, employs 157 locals

Since 2016, Stena Drilling has contributed significantly to Guyana’s economy through local investments and job creation. Stena DrillMAX en route...

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