David Renwick

The United States independent company, Apache, has drilled a wildcat on Suriname’s block 58, probing a prospect considered to be closely on trend with one of the 14 discoveries made by US major, ExxonMobil, in neighbouring Guyana.

THE WORLD’S leading private oil company, ExxonMobil, holds a 45 per cent interest in the 6.6 million-acre Stabroek block offshore Caricom’s headquarters territory, Guyana and serves as operator for the consortium, which also includes Hess and CNOOC as joint interest partners.

United Kingdom-based Tullow Oil and its joint venture partners are hoping to carry out a drill campaign at a Suriname wildcat in 2020, the company says in an official statement.

AS AN integrated gas player with ties to international business, the National Gas Company (NGC) Group, found itself reeling from systematic shocks in the past few years, according to its quarterly publication, GasCo News.

THE COLOSSAL discoveries ExxonMobil has made in Guyana to date will help expand production and revenue generation through a number of projects, analysts say will be the most profitable in the world.

The Cabinet of our Caricom partner, Jamaica, has given the okay to the re-establishment of the Jamaica Energy Council to oversee continuity of policy and sustainable development of the country’s energy sector, according to government spokesmen.

THE National Gas Company (NGC) Group, one of T&T’s most important corporate entities, is busily diversifying its business, with commodity trading, specifically in liquefied natural gas (LNG) cargoes, becoming a promising income stream and group-wide renewable investments (RE) “cutting new paths for energy”, as it puts it.

PDVSA, the Venezuelan government-owned oil and gas company, has filed a lawsuit, demanding that the government of Jamaica, one of our Caricom partners, pay a total compensation package of around US$250 million for its takeover earlier this year of its 49 per cent in the Petrojam refinery.

OUR FELLOW Caribbean Community and Common Market (Caricom) member, Jamaica, may discover oil offshore in due course now that the United Kingdom-based company, Tullow Oil, has announced plans to initiate drilling activities after a recent 3D seismic survey yielded “promising” results.

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