The first floating production storage and offloading vessel (FPSO) attached to Exxon’s activities in Guyana now makes the long journey from Singapore to Guyana. It is expected that the vessel will arrive in Guyana’s waters in September.
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Regional & Int'l News
Earlier this month in Houston, CARIFORUM partner Dominican Republic launched their first ever bid round for both onshore and offshore blocks.
The energy research firm Rystad Energy has revealed some key growth statistics for the natural gas industry.
UK-based Tullow, has spud the Jethro-Lobe prospect off Guyana with block partner, Eco (Atlantic) Oil & Gas.
The Network of Caribbean Chambers of Commerce (CARICHAM) was represented by Mr. Faron Lawrence, President of the St. Kitts and Nevis Chamber of Industry of Commerce (SKNCIC) and Mr. Stephen Lander, Vice President of the Dominica Association of Industry and Commerce (DAIC), at the ‘Understanding Risk Management and Risk Financing for Disaster Resilience’ Training of Trainers. This training was held in Singapore from June 18th to 21st, 2019.
According to a report in Upstream, U.S. player, Kosmos Energy, has drilled a second duster off Suriname at the Pontoenoe-1 wildcat in Block 42. The well will now be plugged and abandoned, and the well results integrated into the ongoing evaluation of the remaining prospects in Kosmos’ acreage position.
A joint venture among Guyanese companies, Mines Services Ltd, a member of the Farfan & Mendes group of companies, TOTALTEC; and Trinidad and Tobago energy services company, Process Components Limited (ProCom), has led to the development of a new energy services company, Jaguar Oilfield Services Guyana Inc. (Jaguar).
Tullow Oil has completed seismic work on its operated offshore Walton Morant licence according to an article in Upstream. London-listed partner, United Oil and Gas (UOG), indicated that the conclusion of the 2,250 square kilometres 3D – seismic acquisition survey has moved the partners closer to de-risking the high-graded Colibri target. Tullow holds an 80 per cent interest in the licence and the remaining 20 per cent is held by UOG.
Staatsolie is excited about their drilling prospects in 2018/2019. At the Trinidad and Tobago Energy Conference (Energy Conference), hosted by the Trinidad and Tobago Energy Chamber (Energy Chamber) in January, Rudolf Elias, Managing Director of Staatsolie, outlined the plans for the state-owned oil company for the upcoming year.
Recent news suggests that the island of Grenada may now become the newest hydrocarbon-producing nation in the Caribbean region. A wildcat exploration well, called Nutmeg 2, was spudded by Global Petroleum Group (GPG), a little-known Russian company in late June. The well, located in about 400 feet of water near to Grenada’s maritime boundary with Venezuela, was drilled using the Transoceanowned semi-submersible Development Driller III.
Jamaica has been making the news for its aggressive drive to diversify away from its traditional reliance on imported oil, with both renewable energy and natural gas featuring strongly. The demand for natural gas for power generation is increasing. Several new facilities in Jamaica have also come on stream to use natural gas as a fuel, including Red Stripe brewery, and bauxite mining and alumina producer, Jamalco. With no domestic gas production as yet, Jamaica has turned to imports of liquefied natural gas (LNG).