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Touchstone Exploration wins Cipero onshore block in TT’s bid round, plans extensive geological studies

In a significant development, Touchstone Exploration, a leading energy company, emerged victorious in the highly competitive bid round for the coveted Cipero onshore block in Trinidad and Tobago. The company's wholly-owned subsidiary, Primera Oil and Gas Limited (Primera), was...

Guyanese firms needed to support Gas-to-Energy project

LNDCH4 has commenced the initial phase of its vendor and supplier identification in Guyana, with a view of developing a register of Guyanese firms to provide goods and services.  The joint venture of Lindsayca and CH4 has a tremendous task...

Guyana has already plugged US$100 million into Gas-to-Energy project – Jagdeo

Dr. Bharrat Jagdeo, Vice President of Guyana, said the government has contributed US$100 million from the treasury towards the Gas-to-Energy project. The project's total cost is $US1.8 billion of which Guyana will plug US$759 million. It aims to establish a facility...

Trinidad wants US to amend sanction waiver on Venezuela for Dragon gas deal

Trinidad and Tobago wants the United States government to make changes to the terms of a waiver that authorised the joint development of an offshore gas field with Venezuela, according to the Caribbean nation's Minister of Energy.  The waiver, issued...

Van Oord’s Stingray barge mobilising for Gas-to-Energy project

Guyana’s Maritime Administration Department (MARAD) issued a notice to mariners to navigate with extreme caution, as ExxonMobil moves to commence pipelaying activities.  MARAD has provisioned June 1 - November 1 as the period for these activities. It said the shallow...

Trinidad, Venezuela for more talks on Dragon gas development in June

Venezuela and Trinidad and Tobago are set to resume negotiations aimed at jointly developing a dormant offshore natural gas field, Reuters said with information from three sources familiar with the matter.  The two nations are scheduled to hold a meeting...

US government is fully supportive of Gas-to-Energy project – Jagdeo 

The Gas-to-Energy project in Guyana is progressing. Alistair Routledge, President of ExxonMobil Guyana, and Dr. Bharrat Jagdeo, Guyana's Vice President, provided updates on the project during recent press engagements. On the government’s side, Mr. Jagdeo conveyed optimism about positive engagements...

Guyana’s gas strategy will explore opportunity for joint development with Suriname

Vice President Dr. Bharrat Jagdeo said on May 25 that Guyana’s gas strategy, expected to be drafted at the end of the year, will explore the opportunity for joint development with Suriname.  “In some areas like Pluma, more gas,...

Guyana is Suriname’s best bet for natural gas

Suriname’s mega port coined Firebird LNG will see US$5.4 billion being invested to create a shore base and an economic zone - similar to that of the Vreed-en-Hoop Shore Base Inc. (VEHSI) which will service ExxonMobil Guyana’s Yellowtail development.  Phoenix...

Gas-to-Energy project on track for 2024 delivery – Jagdeo

Guyana’s Environmental Assessment Board (EAB) has upheld a decision by the Environmental Protection Agency (EPA) to not require a separate Environmental Impact Assessment (EIA) for Guyana's upcoming 300 megawatts (MW) natural gas power plant. The power plant is expected...

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Global upstream sector could generate $495B cash windfall this year, Wood Mackenzie says 

The global upstream oil and gas sector could generate a cash windfall of US$495 billion in 2026 if Brent...