Caribbean News

 

Transocean Lands $488M in Contracts for Five Offshore Drilling Rigs

Jan 05, 2023

Offshore drilling company Transocean has secured contracts and extensions worth $488 million in total for five offshore drilling rigs.In the U.S. Gulf of Mexico, the ultra-deepwater drillship Deepwater Invictus has won a 100-day, three-well contract with an unnamed independent operator. Transocean said the contract would add about $43 million to the rig's backlog. It is expected to start in direct continuation of the rig's current program…

Trinidad Offers to Pay for Venezuelan Gas with Humanitarian Supplies

Jan 26, 2023

Trinidad and Tobago would pay Venezuela for natural gas produced at an offshore development with humanitarian supplies like food and medicine, Prime Minister Keith Rowley said, to comply with a U.S. license prohibiting cash payments to the government of President Nicolas Maduro…

Deepwater Gas Projects Could Reinvigorate Trinidad's Output, says Rystad Energy

Jan 25, 2023

Trinidad and Tobago's natural gas production could rebound and hit almost 4 billion cubic feet per day (bcfd) by 2030 if key offshore projects move ahead soon, consultancy Rystad Energy said on Tuesday.Trinidad is Latin America's largest exporter of liquefied natural gas (LNG)…

U.S. Grants License to Trinidad and Tobago to Develop Venezuela Offshore Gas Field

Jan 25, 2023

The Biden administration has granted a license to Trinidad and Tobago to develop a major gas field located in Venezuelan territorial waters, U.S. and Trinidad officials said on Tuesday, marking a further easing of some sanctions on Venezuela…

Trinidad Weighs Direct Negotiations to Allocate Oil, Gas Areas

Jan 24, 2023

Trinidad and Tobago will consider direct negotiations with energy companies for oil and gas exploration, possibly moving away from a competitive bidding round system, Prime Minister Keith Rowley said on Monday. The talks follow difficulties…

CGX, Frontera JV Spuds Wei-1 Offshore Guyana

Jan 23, 2023

A CGX Energy Inc. and Frontera Energy Corporation consortium has started drilling the Wei-1 well, on the Corentyne block, approximately 200 kilometers offshore from Georgetown, Guyana.To remind, under the Corentyne block license terms, the joint venture was previously required to spud Wei-1…

Trinidad to Reject BP and Shell's Offshore Exploration Bids, Sources Say

Dec 29, 2022

Trinidad and Tobago is preparing to reject four offshore exploration bids by BP Plc and Shell, according to people familiar with the matter, because they failed to meet the government’s minimum requirements. The island nation's government plans…

Trinidad: Noble Corp. Jack-up Rig Damaged. Workers Evacuated

Dec 19, 2022

Offshore drilling contractor Noble Corp. said that its jack-up drilling rig Noble Regina Allen had experienced a mechanical issue while preparing to move from its location approximately 26 miles off the coast of Trinidad on Thursday, December 15…

First Gas Flows from BP's Cassia C Development Offshore Trinidad and Tobago

Nov 29, 2022

BP has started production from its Cassia C development offshore Trinidad and Tobago.Cassia C is BP Trinidad and Tobago's first offshore compression platform and, according to the company, its biggest offshore facility.The project will enable…

Venezuela Asks World Court to Throw Out Guyana border case

Nov 18, 2022

Venezuela told judges at the International Court of Justice (ICJ) on Thursday that they should throw out a case filed by Guyana in a long-running border dispute, which could determine which country has rights to offshore oil and gas fields. Guyana…

Trinidad and Tobago: BP Taps Subsea 7, OneSubsea for Cypre Gas Project Tieback

Nov 18, 2022

Subsea Integration Alliance has secured a contract to support the development of BP's Cypre gas field offshore Trinidad and Tobago, which will be tied back to BP's Juniper platform.Subsea Integration Alliance is a non-incorporated strategic global alliance between Subsea 7 and OneSubsea…

Trinidad Soon to Decide on Deepwater Gas Exploration Auction Bids

Nov 16, 2022

Trinidad and Tobago's Cabinet will make a decision soon on bids submitted for four deepwater exploration blocks that are key to expanding its natural gas production, Energy Minister Stuart Young said. The Caribbean country earlier this year…

Cuba Seeks More Electricity Supply from Turkish Powerships

Aug 31, 2022

Cuba, mired in an energy crisis that has brought frequent blackouts, is negotiating with a Turkish company to have it double the megawatts it currently produces for the country from shipboard generators just offshore, according to two people with knowledge of the discussions…

Devastating Fire May Force Cuba to Resort to Expensive Floating Oil Storage

Aug 09, 2022

An inferno at Cuba's largest oil storage facility has killed at least one firefighter, injured many more, and threatens to further swell the fuel import bill for the impoverished island nation that relies on foreign oil for everything from transportation to its power grid…

First Gas Flows from DeNovo's Zandolie Field Offshore Trinidad & Tobago

Jul 13, 2022

First gas has started flowing from DeNovo Energy's Zandolie field offshore Trinidad & Tobago, developed using a wind- and solar-powered unmanned platform.Zandolie, which took $52 million to develop, is DeNovo's second offshore field development…

Current News

New Petrobras CEO Says to Drive Energy Shift while Expanding Oil and Gas

New Petrobras CEO Says to Drive Energy Shift while Expanding Oil and Gas

Aker BP Awards Edvard Grieg EPCI Contract to Moreld Apply

Aker BP Awards Edvard Grieg EPCI Contract to Moreld Apply

Ørsted and Eversource Bid for New Offshore Wind Farm in New York

Ørsted and Eversource Bid for New Offshore Wind Farm in New York

BP Spuds Exploration Well in Caspian Sea

BP Spuds Exploration Well in Caspian Sea

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