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BP investing US$8 billion in nine new T&T projects

OilNOW -
BP Trinidad and Tobago’s long-term plan could potentially see the company investing as much as $8 billion dollars in T&T, in 9 new developments in the next 10 years, according to Claire Fitzpatrick, new BPTT president. Speaking at a media...
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High production and prices will help ExxonMobil recover CAPEX quickly; Guyana revenue to spike

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High oil production and price in the early years of the Liza Phase 1 development will help ExxonMobil recover its Capital Expenditure rapidly, after which Guyana can expect a spike in revenue from its share of oil. So says Trinidad...
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Size of BHP gas discovery in Trinidad will determine feasibility of developing resource – Wood Mack

OilNOW -
Industry Analyst Wood Mackenzie says the development and commercialization of the recent gas discovery by Australia-based BHP in Trinidad and Tobago will ultimately be determined by the size of the find. On July 18 BHP announced that the Victoria-1 exploration...
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Ring plundered $1.2 billion of Venezuelan oil money, laundered it in South Florida

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A web of former Venezuelan officials and businessmen was charged in Miami Wednesday with operating a massive $1.2 billion international money-laundering racket funded with stolen government money that was invested in South Florida real estate and other assets, the...
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Venezuela’s Inflation to Reach 1 Million Percent, IMF Forecasts

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(Bloomberg) Venezuela’s inflation will skyrocket to 1 million percent by the end of the year as the government continues to print money to cover a growing budget hole, the International Monetary Fund predicted on Monday. The crisis is comparable to that of...
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T&T’s NGC signs energy agreement with Grenada’s CPG

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The National Gas Company (NGC) of Trinidad & Tobago has finalised a commercial agreement with the Global Petroleum Group (GPG) operating in Grenada, according to an article in the OECS Business Focus. The agreement is said to mark a major...
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Fmr US President’s intervention led to O&G discussions between Guyanese President and Opposition Leader

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Former President of the United States James Earl Carter, commonly referred to as Jimmy Carter has contacted the Guyanese Head of State David Granger and Leader of the Opposition Bharrat Jagdeo in relation to matters regarding the emerging Oil...
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Brazil to aid Guyana in governance of O&G

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The Brazilian and Guyanese governments will be cooperating for the development of Guyana’s Oil and Gas (O&G) industry. In an exclusive interview with OilNOW on Thursday, July 19, Guyana’s Minister of Foreign Affairs Carl Greenidge revealed that his country’s southern...
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BHP makes gas discovery in Trinidad

OilNOW -
Australia-based BHP has announced that the Victoria-1 exploration well in Trinidad and Tobago encountered gas and the Samurai-2 well in the US Gulf of Mexico encountered hydrocarbons in multiple horizons. The Victoria-1 well was drilled using the drillship Transocean Deepwater...
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Date set for next Gulf of Mexico oil and gas lease sale

OilNOW -
(MAREX) U.S. Deputy Secretary of the Interior David Bernhardt has announced that the Bureau of Ocean Energy Management (BOEM) will offer approximately 78 million acres offshore Texas, Louisiana, Mississippi, Alabama and Florida for oil and gas exploration and development....
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Suriname team tours Guyana’s FPSO simulator unit as oil development advances

SBM Offshore Guyana hosted a Local Content taskforce from Staatsolie, Suriname’s national oil company, at the Facility Simulator (FacTor)...

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