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Guyana to resume national climate resilience strategy this year

OilNOW -
When Guyana first earned money for the conservation of its forests, it was determined to make sure the proceeds promote the same climate consciousness that sprouted the Guyana-Norway Partnership. So, it used the resources to compile a Climate Resilience Strategy...
News

Ramps says will meet Local Content Secretariat’s reasonable demands

OilNOW -
Ramps Logistics says it will accede to document requests made by the Local Content Secretariat, in its bid to be placed on Guyana’s Local Content Register. It said this in a statement after receiving a letter from the Secretariat’s Director,...
Exploration

Massive 30 billion barrels of oil now estimated offshore Suriname – Staatsolie VP

Shikema Dey -
Paramaribo, Suriname – Suriname’s recent oil finds in Block 58 put the South American nation’s recoverable resource count at over five billion oil-equivalent barrels. But that number is merely a tiny fraction of what is believed to be held...
News

Oil finds in Guyana, Suriname position countries to become “new force” in global energy sector

Shikema Dey -
Paramaribo, Suriname – Over the last two years, South American neighbours – Guyana and Suriname have been foisted into the limelight due to the exciting oil and gas discoveries being made in both offshore territories. To date, Guyana’s proven oil and...
News

Saipem awarded US$1.2B in Middle East contracts

OilNOW -
Saipem says it was awarded several contracts for operations in the Middle East, totaling some US$1.25 billion. It did not name the clients. The first group of contracts concerns extending onshore drilling contracts in the Middle East. They are worth...
News

Suriname has ‘proud track record’ honouring contracts – oil Minister

OilNOW -
Minister of Natural Resources for Suriname, David Abiamofo, said the nation is extremely proud of its track record in honouring contracts, including production sharing contracts. He made the comment during an interview with energy analyst from Americas Market Intelligence Arthur...
News

Payara development work progressing, will push output above 580,000 bpd

OilNOW -
Preparations are underway for ExxonMobil’s third oil production project offshore Guyana at the Payara field. The Maritime Administration Department said in a notice the developmental area is situated approximately 102.27nautical miles (189.4 kilometers) from the Coast of Guyana and covers...
News

Touchstone to deliver Trinidad’s first onshore natural gas project in 20 years

OilNOW -
The Alberta-based Touchstone Exploration Inc. is preparing to launch Trinidad and Tobago’s first onshore natural gas project in 20 years, it said on Monday. The project emanates from the Ortoire onshore block. Touchstone has 80% operating working interest, with Heritage...
News

Oil exports from US Gulf to hit record high this quarter – Rystad Energy

OilNOW -
Oil exports from the US Gulf Coast are set to hit an all-time high of 3.3 million barrels per day (bpd) in the second quarter of 2022, as refining capacity outages limit operators’ ability to meet demand and the...
News

Eco Atlantic ups interest in Africa’s newest exploration hotspot

OilNOW -
Eco (Atlantic) Oil & Gas Ltd. signed a farm-out agreement with the Lunn Family Trust to acquire an additional 6.25% stake in Block 3B/4B offshore South Africa. Lunn Family Trust is a shareholder of Ricocure (Proprietary) Limited. Subject to regulatory approvals,...
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NewsIşıl Güneş -

Suriname’s National Debt Chief resigns amid enhanced financial scrutiny of NDP government 

PARAMARIBO, SURINAME - Malty Dwarkasing has resigned as Suriname’s Administrator-General of the National Debt Office. Dwarkasing submitted her resignation...

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