BHP has started production of oil from the Ruby oil and gas project, which has been developed with an investment of $500 million in the territorial waters of Trinidad and Tobago. The Australia-based natural resources company had approved the offshore hydrocarbons project in August 2019 with its share of investment being $283 million. BHP is […]
Bahamas Petroleum Company (BPC), an oil and gas company based in Isle of Man, has completed its previously announced merger with Columbus Energy Resources following the approval of a scheme of arrangement by a UK court. Columbus Energy Resources, which is based in the UK, is an oil and gas exploration company focused on South […]
Maersk Drilling has won a contract for the Mærsk Developer semi-submersible rig worth around $20.4 million from PETRONAS Suriname Exploration & Production for drilling of an exploration well in Block 52 offshore Suriname. The Danish drilling rig operator anticipates the contract to begin in Q3/Q4 2020. The contract value covers integrated drilling services, mobilization, and […]
Ruby petroleum project : McDermott International has been selected by BHP to provide a large subsea umbilicals, risers and flowlines (SURF), transportation, and installation contract for the Ruby field development in Trinidad and Tobago waters. The contract also requires McDermott to deliver transportation and installation (T&I) services as well as pre-commissioning of a jacket and […]
Matapal gas project : Maersk Drilling has bagged a three-well contract worth around $78 million for the Maersk Discoverer semi-submersible rig from oil and gas giant BP to carry out development drilling at the offshore gas project in Trinidad and Tobago. The drilling contract for the Danish drilling rig operator is expected to come into effect […]
Norwegian engineering company Aker Solutions has bagged a contract to support the development of BP’s 100% owned Cypre project located offshore Trinidad and Tobago (T&T). The Cypre gas project involves the development of the Macadamia gas discovery made in June 2017 by BP. Under the contract, Aker Solutions will be responsible for providing front-end engineering […]
Maersk Drilling has signed a contract worth around $39 million with Royal Dutch Shell’s subsidiary BG International for its semi-submersible rig Mærsk Developer to be deployed for a two-well development project offshore Trinidad and Tobago. The Danish drilling rig operator said that the estimated duration of the contract is 171 days, with work likely to begin […]
Ginger gas discovery : BP Trinidad & Tobago (BPTT) has pulled off a gas discovery through the drilling of the Ginger exploration well near the producing Cashima Field, offshore Trinidad. The well is likely to be completed by the end of this month with the BP subsidiary to continue evaluating its results after the completion […]