According to a release from the company, BHP has established a US$400m Climate Investment Program to develop technologies to reduce emissions from its own operations as well as those generated from the use of its resources.
The results of the much-anticipated Jethro Lobe wildcat drilling by Tullow will be revealed in mid-August according to Canadian based project partner Eco (Atlantic) Oil & Gas.
There is continued interest in offshore Suriname. Apache has 100% working ownership in block 58 and plans to spud a well in September 2019.
Recently, it was reported that Qatar Petroleum has farmed into two blocks offshore Guyana (Orinduik & Kanuku blocks). It was stated that the Qatari oil company takes 40% of Total’s stakes in the blocks – which means that the company now owns 10% in each block.
Qatar Petroleum has acquired 40% of Total’s stake in the Orinduik and Kanuku blocks. This means that the Qatari company now owns 10% stake in each block.
It is reported that TechnipFMC won a major contract worth over $7b for the Arctic 2 LNG project in western Serbia.
Tullow along with their joint venture partners (Pluspetrol and Ratio Exploration) have decided to move into phase two of their operations in block 47 offshore Suriname.
Credit rating agency Moody’s has announced that the National Gas Company of T&T will maintain a Ba1 rating for 2018.
BPTT’s Cassia Compression development will access 1 TCF of resources, according to Regional President Claire Fitzpatrick.
According to Upstream Online, Exxon has asked two groups seeking the multi-billion-dollar contract to revise their prices as original bids exceeded original budgeted figures.
US Based McDermott announced this week that it has been awarded a sizeable contract by Argentina-based YPF, S.A. to provide pre-front-end engineering design (Pre-FEED) services for a 5 million tonnes per annum (MTPA) LNG Liquefaction Facility. According to the McDermott release, there is also potential to expand the project to 10 MTPA.
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.
Earlier this month in Houston, CARIFORUM partner Dominican Republic launched their first ever bid round for both onshore and offshore blocks.
Performance management (PM) can be a leverage point for change in Trinidad and Tobago as there is a gap between productivity and reward at the national level, which culturally and systemically infiltrates private firms and the public sector. The WEF (2017) reports ‘poor work ethic in national labour force’ as the most problematic factor for doing business in Trinidad and Tobago. Given this context, this article will explore how effective performance management systems can be used by organisations to close this gap.
BHP has indicated that Phase 3 of the deepwater drilling campaign in Trinidad and Tobago has been completed.
The Cassia Compression project will enable BPTT to access and produce low pressure gas reserves from currently-producing fields in the Greater Cassia Area, maximizing recovery from these existing resources.
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.
Heritage Petroleum Company Limited announced that it spud (started drilling) its first oil well on Saturday June 15, 2019.