Latest Stories

Oman LNG signs deal with Botas to supply LNG beginning in 2025

31 January 2023

Oman LNG announced on January 30 that it has reached a deal with Turkey’s state-owned energy company Botas to supply 1mn tonnes per year of LNG beginning in 2025. The deal will last for 10 years.

Petrobras finalises sale of Albacora Leste

31 January 2023

Petrobras has completed the sale of Albacora Leste, a pre-salt field in the Campos basin, to a subsidiary of the privately-owned Brazilian company Petro Rio (PRIO).

Rowley says T&T may pay Venezuela for gas with humanitarian supplies instead of cash

31 January 2023

Trinidad and Tobago is considering non-cash methods of compensating Venezuela for natural gas from the offshore Dragon field in order to comply with the terms of a US sanctions waiver.

Chevron CEO says Venezuelan JVs are now yielding 90,000 bpd

31 January 2023

Mike Wirth, the CEO of Chevron (US), said on January 27 that his company’s joint ventures in Venezuela were currently producing about 90,000 barrels per day.

Guyana’s finance minister says new PSA model will be made public by end-February

31 January 2023

Guyana’s Finance Minister Ashni Singh reported last week that the government was set to present the first draft of a new model PSA regime to the public before the end of February.

Court rejects latest attempt to freeze seismic study in North Argentina basin

31 January 2023

The Federal Court of Appeals in Mar del Plata has rejected an attempt to overturn a previous legal ruling that green-lit plans for offshore exploration work in portions of the North Argentina basin.