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Suriname’s upcoming bid round: 8 million acres of shallow water blocks up for grabs – Staatsolie

OilNOW -
Investors have already lined up to grab Suriname’s deepwater blocks when the auction opens later this year. But Staatsolie’s Offshore Vice President, Glenn Corrie is urging that attention also be paid to the shallow water auction set for 2023. That...
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Caribbean leaders unwavering in support of Guyana’s sovereignty

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Following the culmination of the annual Heads of Government meeting of the Caribbean Community and Common Market (CARICOM) in Suriname, leaders issued a communique reiterating the regional body’s support for Guyana’s sovereignty and territorial integrity, as Venezuela persists with...
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Is Venezuela’s oil industry returning to its former glory?

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The global energy crisis has seen the re-emergence of Venezuela’s oil and gas industry, dragging the country out of more than a decade-long economic slump. A LatinFocus Consensus Forecast conducted by FocusEconomics sees the Spanish-speaking nation’s economy expanding by 9.8%...
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Shell North Sea well comes up dry

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U.S oil major Shell, operator of the Edinburgh exploration well (30/14a- 5), has failed to hit commercial quantities of hydrocarbons at the prospect, along with partners DNO and Spirit Energy. The well, drilled in offshore UK license P255, is being plugged and abandoned. DNO...
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US$100M marine port facility for Suriname as oil discoveries surge offshore

Shikema Dey -
Increased deepwater action offshore Suriname has created a need for large port facilities to service the nation’s expanding oil and gas industry. Three companies; the Emirati-based DP World, HJ de Vries Project Development N.V. and FIRM Engineering N.V. have partnered to fill...
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Guyana’s oil take will increase over time, says former business minister

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Dominic Gaskin, who served as Guyana's Minister of Business under the previous administration, says Guyana’s take from oil production activities at the Stabroek Block will increase in the future. Mr. Gaskin made this comment in a letter published in the...
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Guyana determined to sustain investment pipeline for value-packed oil projects

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If the Guyana government were to impose a cap on the expansion of Guyana’s oil and gas operations by, say, not approving any more projects, it would essentially be killing the momentum in the local supply industry. According to...
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3,500 barrels of cooking gas per day, GY$27B in household savings for Guyana – Ali

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President of Guyana, Dr. Mohamed Irfaan Ali said the government and households will see direct savings once the first phase of the landmark Gas-to-Energy project is delivered. He provided estimates during a recent State House event, outlining the project details. “We...
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Driller with most rigs offshore Guyana looking for caterers

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Noble Drilling (Guyana) is on the hunt for suitable applicants to submit technical information for the provision of offshore catering, housekeeping, laundry, janitorial and pest control services. In a Request For Information (RFI), Noble said the scope of supply includes...
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African Chamber says western environmentalists threaten continent’s energy security

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Despite the massive socioeconomic and energy benefits expected from the upcoming East African Crude Oil Pipeline (EACOP), western environmentalist groups are calling for the abandonment of the project. In light of this, Executive Chairman of the African Energy Chamber...
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Jennifer Geerlings-Simons makes history as Suriname’s first female President amid offshore oil plans 

PARAMARIBO-SURINAME: Suriname’s National Assembly convened on Sunday to elect the country’s next president in an important parliamentary session. In...

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