Caribbean News

 

Bahamas Petroleum, Columbus Energy Propose All-Stock Merger

Jun 11, 2020

Bahamas Petroleum Company, an oil firm with assets in the Bahamas, and as of recently offshore Uruguay, is set to merge with Trinidad-focused Columbus Energy Resources.The boards of directors of the two companies on Thursday said they had reached agreement on the terms of a recommended all-share merger by way of a share for share exchange offer to be made by BPC for the entire issued and to be issued ordinary share capital of Columbus…

UOG Takes Tullow's Stake in Walton Morant Block Offshore Jamaica

Aug 03, 2020

AIM-listed oil and gas company United Oil & Gas has been assigned Tullow's interest in the Walton Morant Licence, offshore Jamaica, and it now holds a 100 percent stake.UOG said Monday the Jamaican Government had assigned it Tullow Jamaica Ltd's…

Suriname's Staatsolie Eyes Stake in Apache's Prolific Offshore Block

Aug 03, 2020

Suriname's state-owned oil company Staatsolie is considering farming into an offshore oil block where Apache Corp and France's Total SA have announced a third major discovery, an executive said on Sunday.Staatsolie has the right to a stake of up to 20% in the 1…

Tullow to Spud Suriname Well in 2021. Will Hire Drilling Rig Soon

Jul 29, 2020

London-listed oil and gas exploration and production firm Tullow Oil expects to hire an offshore drilling rig soon for drilling operation in Suriname.The company said Monday that the drilling of the Goliathberg-Voltzberg North prospect (GVN…

Trinidad: BHP, NGC Sign Ruby Field Gas Sale Deal

Jul 23, 2020

BHP and the National Gas Company of Trinidad and Tobago have successfully completed negotiations for a Gas Sales Agreement for the Ruby offshore field.The Ruby oil and gas field is located in Block 3(a), off the east coast of Trinidad, and is…

Ashtead Technology Enters Trinidad & Tobago Partnership

May 27, 2020

Subsea equipment solutions specialist Ashtead Technology has entered into a partnership with Trinidad and Tobago-based Reliance Subsea Services Limited.The US-arm of Aberdeen-based Ashtead will provide subsea survey and ROV equipment through…

BPC Hires Stena Drillship for Bahamas Drilling

May 26, 2020

Bahamas Petroleum Company (BPC) has signed an offshore drilling rig contract with Stena Drilling. BPC will use the drilling rig to drill its Perseverance #1 prospect offshore The Bahamas.As previously reported, Bahamas has postponed the Perseverance…

Acteon Firms Take Part in Platform Installation Off Trinidad

May 04, 2020

Acteon Group subsidiaries MENCK and LM Handling have won a contract to support piling operations for a platform installation off the coast of Trinidad and Tobago. Subsea services firm Acteon said that the Trinidad and Tobago project would draw…

Key Offshore Wildcat Wells At Risk of Being Suspended

Apr 08, 2020

At least nine of the world’s top planned exploration wells for 2020 are at risk of being suspended as a result of the blended impact of COVID-19 on oil and gas activities and the oil price war, Rystad Energy said Tuesday.These wells, the Norwegian energy intelligence firm said…

Apache Makes 'Significant' Discovery Offshore Suriname

Apr 02, 2020

U.S. oil company Apache has said it has made a significant oil discovery at the Sapakara West-1 well drilled offshore Suriname on Block 58. This is the company's second large oil discovery in the country this year. The first was struck in January…

Bahamas Petroleum Postpones Drilling for October

Mar 25, 2020

Bahamas Petroleum has decided to delay again the start of the drilling operations on its #Perseverance 1 offshore well in the Bahamas, citing 'the massive, unprecedented and adverse impact of the spread of the Covid-19 virus.'The company recently postponed the spud from April to May/June period…

Coronavirus Puts a Dent in Bahamas Offshore Drilling Plan

Mar 13, 2020

Bahamas Petroleum has delayed its plans to drill an exploration well offshore The Bahamas, citing the impact of the coronavirus on operations.Previously planned to spud in April 2020, the #Preseverance 1 exploration well is now anticipated to be spud in late May or early June…

Colombia: Ecopetrol, Shell in Deepwater Team-Up

Feb 07, 2020

Colombia's Ecopetrol and Anglo-Dutch energy giant Royal Dutch Shell have teamed up to develop three blocks in the Caribbean, the state-owned oil company said on Friday. Under the deal, Shell will acquire a 50% operating-stake in the Fuerte Sur…

BHP to Search for O&G Offshore Barbados

Feb 07, 2020

Anglo-Australian oil and mining giant BHP has obtained 'effective offshore exploration licenses' to search for oil in the waters off Barbados.The Barbados Government Information Service informed this week that the Caribbean country's government…

Slow ahead

Feb 01, 2017

The floating production systems market remains challenging. Will cost-cutting measures made over the past two years help projects reach final investment decision in 2017? Infield’s Catarina Podevyn assesses the market. Johan Castberg…

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