Wednesday, December 11, 2019

Caribbean News

38 Oil and Gas Discoveries Made in Q3

Graph: GlobalData

GlobalData revealed that a total of 38 oil and gas discoveries were made globally in Q3 2019.South America and Europe led globally with the highest number of oil and gas discoveries during the third quarter (Q3) of 2019, with eight discoveries each during the quarter, according to GlobalData.Out of eight discoveries in South America…

Small Scale FSRU: Think Smarter Not Bigger

© dmplot/Shutterstock

The global search for lower carbon forms of energy and demand for cost-effective ways to serve power demand in emerging markets and remote locations is driving interest in floating storage and regasification units (FSRU).FSRUs are a faster and more flexible way to import natural gas to power-constrained places…

Eagle LNG Project Clears FERC Hurdle

Image: Eagle LNG Partners LLC

The U.S. Federal Energy Regulatory Commission (FERC) has issued the order granting authorization for siting and constructing of the proposed on-water Jacksonville liquefied natural gas (LNG) Export Facility, developer Eagle LNG Partners LLC announced.The LNG export facility and terminal, planned in Jacksonville…

Colombia's SPEC LNG Expands

Map to show the location of SPEC LNG. Avenir LNG

Colombia´s LNG Import Terminal Sociedad Portuaria El Cayao (SPEC LNG) has signed a joint development agreement with Calamari LNG, Avenir LNG and Höegh LNG on providing additional LNG services at the Cartagena import facility.The additional services planned to be provided directly from the FSRU Höegh Grace include…

Parkland Acquires Tropic Oil Company

Image: Tropic Oil,

Calgary-based fuel and lubricant business firm Parkland Fuel Corp. announced that it is acquiring all of the issued and outstanding equity interests of U.S.-based Tropic Oil Co. Inc., as well as equity interests and the assets of certain of its affiliates.Parkland said the acquisition will be…

Equinor to Clean up Onshore Bahamas Spill

Satellite image after the impact of Hurricane Dorian on the South Riding Point oil terminal at Grand Bahama Island. The red outline denotes the plume area of the oil spill, ca. 0.5 sq km, and ca. 1.3 km in length. (Photo: ESA Sentinel-2 satellite)

Equinor will clean up the onshore oil spill discovered this week at its Bahamas storage terminal in the aftermath of hurricane Dorian, the Norwegian energy company said on Sunday.In preparation for the hurricane, Equinor shut down operations at the South Riding Point terminal on Aug. 31 and none…

Harvey Gulf Continues Global Expansion

Harvey Gulf CEO Shane Guidry

The Company announced today that its two PSV 3250’s arrived without incident in Nigeria on August 12, 2019 and immediately began one-year contracts.CEO Shane Guidry commented, “We want to thank our local partner and our Nigeria employees for working 100 percent within our policies, procedures and most importantly our safety culture.

Dominican Republic Kicks Off Licensing Round

© namning / Adobe Stock

The Dominican Republic's first oil licensing round will be a success if it awards more than two of the 14 blocks on offer this year, a government official said at an event disclosing the Caribbean nation's fiscal terms.The licensing round, which began on Wednesday with disclosure of contract terms…

Svitzer: 5 year Contract with Oil Refinery

Svitzer Caribbean Dominicana won a 5-year contract with Limetree Bay Refining, LLC, commencing June 15, 2019.The company expands its market coverage providing tugboat services to some of the key oil refineries and terminals in the region – South Riding Point Terminal in Bahamas, Nustar Terminal in Statia, Buckeye Terminal in St.

Ecopetrol, Repsol Sign Joint Deal for Offshore Oil Block

Colombia's state-run oil company Ecopetrol has signed a joint contract with Spain's Repsol to operate an offshore block in the Caribbean, Ecopetrol said on Wednesday.The contract for the GUA-OFF-1 block is the second new offshore deal Ecopetrol has inked with the Colombian government this year.Colombia…

Colombia, Shell Ink Offshore E&P Contracts

© Zerophoto / Adobe Stock

Colombia's government on Monday said it signed two exploration and production contracts with Shell in offshore areas of the Caribbean Sea that will require the company to make initial investments of $100 million.Colombia recently modified contractual terms for offshore exploration and launched a Permanent Area Allocation Process so companies can apply to explore

Ecopetrol Wins Offshore Colombia Block

Image: Ecopetrol SA

Colombia’s state-run oil company Ecopetrol SA has signed Colombia’s first offshore exploration and production contract under a newly revised contract model.According to a report in Reuters, the deal for a nearly 400,000-hectare (988,000-acre) bloc in the Caribbean is country’s first new oil and…

Citgo's New Board Arrives, to Hold First Meeting

A board of directors appointed this month by Venezuela's opposition-controlled congress to run state-owned oil firm PDVSA's U.S. unit Citgo Petroleum on Thursday was arranging its first meeting at the company's headquarters, according with two people familiar with the matter.Venezuela's National Assembly…

Bunker Delivery Note Amendments Enter into Force

Pic: International Maritime Organization (IMO)

Amendments to the bunker delivery note relating to the supply of marine fuel oil to ships which have fitted alternative mechanisms to address sulphur emission requirements entered into force on 1 January 2019.According to a press release from International Maritime Organization (IMO), the amendment…

LNG to Fuel Central American Plant

Image: Wärtsilä

Finnish technology group Wärtsilä said it recently started site work for a new 378 megawatt power plant in El Salvador, Central America to be fired by liquefied natural gas (LNG).The technology group said that this facility, ordered by Energía del Pacífico, will be the largest and most efficient power plant in El Salvador…

Tankers with Venezuelan Oil Collect off US

© Igor Groshev / Adobe Stock

A flotilla loaded with about 7 million barrels of Venezuelan oil has formed in the Gulf of Mexico, some holding cargoes bought ahead of the latest U.S. sanctions on Venezuela and others whose buyers are weighing who to pay, according to traders, shippers and Refinitiv Eikon data.The Trump administration's…

Tango FLNG En Route to Argentina

(Photo courtesy of EXMAR)

Belgium based EXMAR announced Thursday that its floating liquefied natural gas (FLNG) facility has left China for a 45-day voyage to the destination of its liquefaction operations at the Port of Bahia Blanca in Argentina.The barge-based Tango FLNG (previously named Caribbean FLNG) is on the move just one month after a contract was signed for a firm…

Wartsila Bags Energy Storage Contract from ContourGlobal

The Wärtsilä Energy Storage System will enable increased use of renewable energy, such as wind and solar, on the Caribbean island of Bonaire. Image courtesy of ContourGlobal.

Wartsila has won a 6 MW energy storage project contract for the Caribbean island of Bonaire from ContourGlobal Bonaire, a subsidiary of London based ContourGlobal.The engineering, procurement, and construction (EPC) hybrid energy project includes both the hardware, consisting of batteries and inverters…

Exmar's Tango FLNG Arrives in Argentina

Tango FLNG arrived in Argentina. Image: Exmar

Belgian shipowner Exmar said its first floating LNG (FLNG) production unit Tango FLNG, to be renamed Tango FLNG, has berthed in Bahia Blanca, Argentina.The Nicolas Saverys-led shipowner said in a press release that the Caribbean FLNG will stay in Bahia Blanca and produce LNG for export for YPF over a ten-year period.After contract signing in November 2018…

Top Citgo Executives Removed as PDVSA Chaos Continues

File Image: the idled Aruba refinery (AdobeStock / © Hans

Citgo Petroleum Corp has removed at least three top executives close to Venezuelan President Nicolas Maduro, people familiar with the matter said on Monday, in a move to cement management control under a new board of directors.The U.S. refining arm of Venezuelan state-run oil company PDVSA has…