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World’s 2nd largest oil producer told to invest now in Guyana, or pay more later

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A delegation from Saudi Arabia was told on Saturday that investing now in South America’s newest oil producing nation, Guyana, would be less expensive than even a year and a half down the road since the new petroleum hotspot...
Discoveries

Despite multiple discoveries, no timeline yet for first oil in Suriname

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Suriname’s Block 58 has churned out five discoveries in total, but operator TotalEnergies E&P Suriname B.V. is yet to make a Final Investment Decision (FID). Government officials expressed hope during the recently held Suriname Energy, Oil and Gas Conference (SEOGS) that this...
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Guyana plans to establish an international center for biodiversity research

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As part of its landmark Low Carbon Development Strategy (LCDS), new oil producer Guyana plans to establish an international center for biodiversity research. The center will work with local and international partners, including the University of Guyana, to understand the...
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Guyana’s rollout of solar power for 30,000 hinterland homes set for early 2023

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Chief Executive Officer of the Guyana Energy Agency (GEA), Dr. Mahender Sharma, told Indigenous leaders on Tuesday the government will start rolling out a massive solar project for hinterland communities by early 2023. The initiative, announced over a year ago,...
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T&T opens bid round; one nearshore, 10 onshore blocks up for grabs

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Trinidad and Tobago’s prime onshore and nearshore oil blocks are up for grabs as the twin-island republic launched a fresh competitive bid round, running up to January 9, 2023. All interested bids must be submitted by that deadline. Information from T&T’s...
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Exxon seeking multiple suppliers in Guyana as operations expand

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ExxonMobil is on the hunt for multiple suppliers for a host of local services as its oil and gas operations in Guyana’s offshore Stabroek Block rapidly expands. Its Guyana affiliate, Esso Exploration and Production Guyana Limited (EEPGL), plans to put...
Discoveries

Petrobras wildcat strikes oil in Brazil’s pre-salt

OilNOW -
Petrobras said it found oil at the pioneer well 1-BRSA-1383A-RJS (Alto de Cabo Frio Central Noroeste) in the pre-salt of the southern part of the Campos Basin. The well is 230 kilometers (km) from the city of Rio de Janeiro-RJ, in...
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Could Block 58 become the next Stabroek?

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Controlled by TotalEnergies and APA Corporation, Block 58 has churned out major discoveries – five thus far. Though few, compared to Guyana’s Stabroek Block, the discoveries have piqued investor interest leaving a lingering question – could Block 58 become...
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Guyana to plug US$100M of oil revenue into hinterland diagnostic centres

OilNOW -
Guyana’s Vice President Dr. Bharrat Jagdeo said on Monday that US$100 million of revenues from the sale of Guyana’s crude will be used to build diagnostic centres for hinterland communities. He discussed the centers during the National Toshaos Conference, a...
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Aker BP finds gas in Norwegian sea

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Aker BP said it found gas at the Storjo well in production license 261 in the Norwegian Sea. Aker gets greenlight to develop Frosk field, off Norway coast | OilNOW The discovery, near the Skarv field, encountered several geological formations. The...
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Payara still leads ExxonMobil’s record-breaking ramp-up offshore Guyana

ExxonMobil’s Payara project continues to hold the record for the fastest production ramp-up among all oil developments in Guyana’s...

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