Regional Archives - Panorama Insurance Brokers

Guyana, Suriname will eat up more deep water investments as majors double down

Consultancy group Wood Mackenzie did a recent analysis on the relevance of future oil and gas exploration in a world where energy companies are being pressured to clean up their act and give way to the energy transition. Under these circumstances, analysts have long concluded that provinces capable of delivering low-cost, cleaner barrels such as… Read More

Qatar Petroleum upbeat about increasing its presence in new South America hot spot

Qatar Petroleum is increasing its presence in the Guyana-Suriname Basin where latest estimates put recoverable oil equivalent resources to well over 20 billion barrels, representing double what has been discovered so far across the new South American oil province. Suriname state oil company Staatsolie Maatschappij Suriname N.V. announced on Friday that oil companies were awarded… Read More

One Basin Three Nations launches Regional Energy Training and Technology Center

One Basin Three Nations (OBTN) has launched a new Regional Energy Training and Technology Center based in Suriname, created by joining forces with strategic internationally established industry partners such as MINTRA Group, Technology Catalogue and IN-VR. OBTN’s said its goal is to deliver value to customers in the Guianas and Caribbean by providing the best… Read More

Chevron and Qatar Petroleum consortium win bids for Suriname oil blocks

Chevron Exploration Suriname Limited and a consortium consisting of TotalEnergies and Qatar Petroleum have submitted the most favourable bids for shallow offshore blocks in Suriname’s recently concluded bid round. State oil company Staatsolie Maatschappij Suriname N.V. said on Friday Chevron submitted the most favourable bid for Block 5 while the TotalEnergies consortium submitted bids for… Read More

Another S/American country looking to increase oil & gas investments, speed up production

Countries across the Latin America and Caribbean region have been increasingly pursuing measures that would enhance the competitiveness of their oil and gas sector and speed up production. Brazil, Trinidad and Tobago, Suriname and new oil producer Guyana are aggressively pushing to fast-track exploration and development of their hydrocarbon resources. Now, Argentina is doing likewise,… Read More

Gas set to play increasingly important role in new energy mix, says TT Prime Minister

As transition strategies begin to take shape around the world, it is becoming more evident that natural gas has a key role to play in helping countries and organizations achieve ambitious targets. Making this fundamental point recently was Prime Minister of Trinidad & Tobago, Dr. Keith Rowley. During the virtual Energy Conference on June 7,… Read More

Caribbean governments want to develop oil & gas resources as fast as possible

Despite criticism by some groups in Guyana that the country is moving too quickly with the development of its vast hydrocarbon resources, the government there as well as authorities in other Caribbean territories have recognised that the window to reap maximum returns from these assets is quickly closing. And they intend to get as much… Read More

Suriname production expected to hit 650,000 bpd by 2030

Consultancy group Rystad Energy estimates that the five offshore discoveries made so far in Suriname hold cumulative recoverable resources of around 1.9 billion barrels of oil equivalent and anticipates production to come on stream by the end of decade, surpassing the half million barrels per day (bpd) mark. “Suriname took a giant leap last year… Read More

Saipem, Daewoo contracted to build giant US$2.3 billion Brazil FPSO

Italian multinational oilfield services company Saipem in joint venture with South Korea’s Daewoo Shipbuilding & Marine Engineering Co. Ltd (DSME) has been awarded a contract by Petróleo Brasileiro (Petrobras) for the construction of the Floating Production Storage and Offloading Vessel (FPSO) named P-79 for the development of Búzios offshore field in Brazil. The FPSO P-79… Read More

Total selects Yinson for pre-FEED work on first Suriname FPSO

Yinson has been selected by Total to perform preliminary Front-End Engineering Design (pre-FEED) for two FPSO projects; one to be installed in Block 58 in Suriname and the other at Block 20/21 in Angola. “The Angola project will be installed at around 1400m, located 160km from Luanda, while the Suriname project will be installed at… Read More