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Preliminary front-end work for Guyana’s largest oil project already underway – EIA

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Hess Corporation, a 30% stakeholder in Guyana's Stabroek Block, anticipates regulatory approval for the Whiptail Project in early 2024. This was one of the key highlights in a slide show presented by the company on Thursday at the Barclays...
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Total CEO for Suriname visit, oil development discussions high on agenda

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All details will be revealed to Suriname’s President on Block 58’s development prospects, said TotalEnergies’ Chief Executive Patrick Pouyanné.  Speaking at the Barclays CEO-Energy Power Conference being held in New York, Pouyanné said that the oil field is big enough...
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Over 6,000 businesses benefit from new ‘Centre Hub’ launched by CLBD

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The landscape of business opportunities in Guyana has been boosted with the introduction of the Centre Hub, an enhanced and upgraded digital platform introduced by the Centre for Local Business Development (CLBD) on September 7. It is set to...
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Touchstone delivers first gas from Cascadura project in Trinidad

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Calgary-based Touchstone Exploration Inc. has officially announced the commencement of production at its Cascadura natural gas and liquids facility in Trinidad. This announcement heralds a significant transition for Touchstone, pivoting the company's operations to be more natural gas-centric. The Cascadura...
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Integrated advantage: How FPSOs outperform traditional platforms in Guyana’s depths

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ExxonMobil has decided to use the floating production, storage and offloading (FPSO) vessel for every oil development offshore Guyana. But why? The company explained in the environmental impact assessment (EIA) for the proposed Whiptail project, which would be the...
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Technical Training College project “will not significantly affect environment” – EPA

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The Environmental Protection Agency (EPA) has concluded that a study of the environmental and social impacts of the Guyana Technical Training College Incorporated (GTTCI) being constructed in Port Mourant, Corentyne, Berbice, is not necessary. The institution is set to...
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Brazil’s Petrobras to install 11 new FPSOs in presalt basin to mark 15-year production anniversary

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Brazil’s Petrobras marked 15 years of pre-salt offshore production this month and unveiled intentions to deploy 11 new production platforms in the basin by 2027.  Since December 2022, Petrobras initiated operations on the P-71 platform at the Itapu field and...
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IEA says Guyana will achieve explosive oil supply growth through 2028 

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By 2028, Guyana is expected to provide approximately 1.3% of global oil demand. By then, the ExxonMobil-led consortium holding the Stabroek Block will have invested approximately US$54 billion to develop projects offshore the South American country. While global oil demand...
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Education Ministry receives bids for Port Mourant Hospitality Institute

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Construction is underway at the Port Mourant Technical Training College in Berbice, Region 6. This highly-anticipated project is meant to train Guyanese to take up roles in the oil and gas and hospitality sectors.  Guyana’s Finance Minister, Dr. Ashni Singh...
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Petrobras revising divestment strategy, puts Urucu, Bahia-Terra, Manati, and Argentine subsidiary sales on pause

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In line with shifting priorities, Brazil’s Petrobras has axed the divestment of four major assets as it seeks to revise the process. Its sale of the onshore Urucu and Bahia-Terra clusters, the Manati oilfield, and its Argentine subsidiary, Petrobras...
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‘We need everyone on board’ – Anne Rita Wijdh calls for faster implementation of Suriname’s local content framework

PARAMARIBO, SURINAME – In an exclusive interview with OilNOW, local content specialist Anne-Rita Wijdh offered her perspective on Suriname’s...

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