Repsol's Q1 Net Profit Rises
Spanish oil and gas firm Repsol said on Tuesday first quarter adjusted net profit rose 6 percent from a year earlier, as a fall in oil and gas prices and a halt to production in Libya were offset by lower costs and a stronger U.S.
BHP to Drill More Wells in Trinidad
BHP Group Ltd has stepped up exploration drilling in deep water off Trinidad and Tobago hunting for gas which could supply the country's Atlantic LNG (liquefied natural gas) plant in the 2020s, a senior executive said.The company…
Repsol Net Profit Up 7.5%
Spanish oil and gas firm Repsol beat forecasts with a 7.5 percent increase in fourth-quarter adjusted net profit on Thursday, boosted by higher oil and gas prices and increased production, and said its strategic plan was on track.Repsol started new projects in Algeria, Trinidad a
GasLog: LNG Demand Grew 9% in 2018
Liquefied natural gas (LNG) is expected to have increased by 9%, from 288 million tonnes per annum (mtpa) in 2017 to 313 mtpa in 2018, said GasLog.The Monaco-based owner, operator and manager of LNG carriers said in a stock exchange…
BP Green Lights Trinidad, Tobago Gas Projects
BP in Trinidad and Tobago (bptt) gave the go-ahead to two new gas developments, Cassia compression and Matapal, offshore Trinidad, it said on Friday.BP will build a new platform, Cassia C, and first gas from the facility is expected…
Trinidad Signs Pact with BP, Shell
The government of Trinidad and Tobago (T&T) has entered into an agreement with energy giantsShell and BP over gas pricing and LNG activities.According to local media reports, the agreement involves new pricing arrangements…
Denovo Delivers First Gas to NGC from Iguana Field
Independent gas company DeNovo Energy, a subsidiary of the Proman Group, has made its first commercial supply of natural gas from the Iguana field in Block 1(a) off the coast of Trinidad and Tobago.According to a release from the company…
Fugro Secures E&P Support Contracts
Fugro has won three contracts with BHP Petroleum (Deepwater) Inc., which see the company delivering a range of specialist services to support exploration and production operations in Trinidad and Tobago and the Gulf of Mexico.Within…
Aquaterra Energy Installs First CSP Platform for Offshore Trinidad and Tobago
Aquaterra Energy, a global offshore engineering solutions provider, has announced it has completed the delivery of a Sea Swift conductor supported platform (CSP) for DeNovo Energy in the Gulf of Paria, offshore Trinidad and Tobago.
Payne Named Chevron HS&E VP
Chevron Corporation named David Payne corporate vice president of Health, Environment and Safety, effective May 1, 2018. Payne is currently vice president of Chevron’s Drilling and Completions organization. He succeeds Wes Lohec…
BHP Hires Four Banks for U.S. Shale Exit
BHP hires Barclays, Citi, BAML and GS. BHP , the world's largest miner, has asked four investment banks to help it prepare for either a sale or spin-off of its underperforming U.S. shale oil and gas unit, with a view to taking a decision in early 2018, sources said.
Trafigura's Purchases from State Oil Firms Rose in 2016
Trafigura's aggregate direct purchases of crude, refined products and natural gas from national oil companies rose in 2016 to a third of its traded volumes, up from about a quarter in 2015, according to the company's annual responsibility report published on Wednesday.
Return To Scene Delivers First Caribbean Project for BP Trinidad & Tobago
Aberdeen-based visual asset and data management (VAM) specialist Return To Scene Limited, part of James Fisher and Sons plc, has completed and delivered its first project for BP Trinidad and Tobago (BPTT). The digital survey of BP’s normally unmanned installation (NUI) Mango…
BHP hires Barclays, Citi for U.S. shale gas divestment
BHP Billiton has hired Barclays and Citigroup to help it exit its underperforming U.S. shale oil and gas business, which could fetch around $10 billion, two banking sources said. U.S. activist investor Elliott Advisors, which…
Gas Starts Flowing from BP's New Offshore Fields
BP has started producing gas from two new projects offshore Trinidad and Tobago and Australia, the company said on Monday, further boosting output that is helping the company to turn a corner after a bruising market downturn.
Multiple BP Projects Coming on Stream 'Imminently'
Two new BP projects in Trinidad and Tobago and Australia are set to come on stream "imminently", Chief Executive Officer Bob Dudley said on Wednesday. The two projects are part of a portfolio of seven new assets the British oil major will start up this year.
BP Awards Angelin EPCIC Contract to McDermott
McDermott International, Inc. has been awarded an engineering, procurement, construction, installation and commissioning (EPCIC) contract from BP Trinidad & Tobago, LLC (bpTT) for the Angelin gas field, located 25 miles (40 kilometers) off the east coast of Trinidad and Tobago.
BP to Develop Gas Project offshore Trinidad
BP announces two major discoveries in Trinidad and Tobago; new project to offset BP's declining production in country. BP has given the go-ahead for its $500 million Angelin offshore gas field development in Trinidad and Tobago…
One Billion Additional Barrels 'Possible' in GoM Hubs -BP
The head of BP's Gulf of Mexico region said on Monday the oil company's use of a new seismic imaging technology has identified 1 billion additional barrels of "possible resources" at four of its U.S. offshore fields. Richard Morrison…
Peterson Wins 5-year Contact to Support BP in Trinidad
An international energy logistics provider Peterson has been awarded a five year contract, with options for further extension, with BP Trinidad and Tobago LLC (BPTT) to provide integrated logistics services for its operations in Trinidad & Tobago.