Venezuelan President Nicolás Maduro has the announced the end of Venezuela’s notoriously inexpensive subsidized gasoline for opponents. According to a report in the Panam Post, the Venezuelan President said on August 14 that he will maintain the subsidy for...
Kosmos Energy’s Ensco DS-12 drillship is on location approximately 17 km east of the Guyana-Suriname maritime boundary in its new search for hydrocarbons at the Pontoenoe-1 prospect on Block 42 offshore Suriname.
OilNOW understands the Ensco DS-12 arrived on location...
UK-based United Oil & Gas Plc said on Monday, August 13, that the fast track version of the recently acquired 3D seismic dataset over the Walton-Morant licence offshore Jamaica, has been delivered by the operator, Tullow Jamaica Ltd. Encouragingly,...
High levels of incompetence, greed, and the fear of making tough decisions are the primary reasons countries rich in petroleum resources do badly. So says Managing Director, Principal Consultant of Association of Caribbean Energy Specialists Ltd. (ACES), Anthony Paul.
Paul,...
A ground-breaking partnership to support the Caribbean’s ambition to become the world’s first ‘climate-smart zone’ was launched on Thursday, August 9, 2018. Eight-time Olympic Gold Medal Winner Usain Bolt was in attendance to help fire the starting pistol for...
Though it holds the largest reserves of oil in the world, production levels put it only in the middle of the pack among OPEC member states.
Venezuelan plans to stabilize crude oil production do little to address bottlenecks and the...
A Venezuelan Professor of Petroleum is currently in Guyana giving advice on developing the oil and gas sector in hopes that the country does not repeat Venezuela’s mistakes.
Professor Carlos Mendoza Pottella, who is the Visiting Advisor to the Central...
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...
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...
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...
