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Georgetown
Friday, June 18, 2021

Exploration & Production

Scale of resources, production potential at Suriname’s Block 58 “bigger than big” says APA...

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All eyes are on Suriname’s Block 58 where four of the country’s five offshore discoveries have been made to date and the scale of the resource volume and production potential is said to be...

Global exploration has more than 3 decades of life left – Guyana remains top...

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Updated May 31, 2021 Major oil and gas explorers around the world expect at least three decades of exploration still to come and see this lasting beyond 2050 even as the global pandemic and slashed...

Guyana and Suriname have reached ‘developmental take-off speed’ – analysts

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Nestled on the north coast of South America, Guyana and Suriname are among the smallest of the countries on the continent. But with the discovery of multi-billion-barrel hydrocarbon resources, the economic prospects of these...

Big oil not yet out for the count, says Platts in new analysis

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(S&P Global Platts) Global oil and gas producers, facing a pummeling from environmental activists and shareholders, can rely at least for a while on persistent oil demand and a need for their expertize and...

Mid-Atlantic Oil & Gas plugs GY$10 million into Guyana flood relief efforts

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Heavy rainfall continues to affect regions across Guyana with severe flooding in several communities. Relief efforts have been ongoing in the areas affected and this is expected to continue in the coming days. Mid Atlantic...

Guyana regulators internationally trained to measure crude lifts

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Guyana’s multi-billion-barrel hydrocarbon discoveries and the start of oil production operations have seen institutions playing catch up to monitor and regulate a sector that was practically non-existent prior to the 2015 world class Liza...

Emerging play options shrinking, Guyana & Suriname account for over 50% this year

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Emerging play options around the world are shrinking with over 50% of such wells planned for 2021 located in the Guyana-Suriname basin where over 10 billion barrels of oil equivalent resources have been discovered...

Asset sales, maintenance in T&T and elsewhere will see BP output dropping this quarter

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In a group results statement for Q1 2021, BP said second quarter production will be even lower than the first quarter in both its conventional operations and newly created 'gas and low carbon' unit....

Basins with high-quality, low-cost discoveries will reign supreme

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Analysts around the world have been crunching numbers and closely examining scenarios that provide insight into the future of oil and gas in a world that is moving towards renewable energy sources. The predictions...

Suriname’s first 3 offshore discoveries expected to produce around 1.4 billion barrels of oil...

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The Outgoing Managing Director of Suriname’s state oil company, Staatsolie Maatschappij Suriname N.V., says the country’s first 3 offshore discoveries at Block 58 are expected to produce around 1.4 billion barrels of oil equivalent...