Saturday, July 2, 2022

Featured

To form or not to form: Guyana’s dilemma in establishing a National Oil Company (NOC)

By Cristina Caus and Jerry Haar – OilNOW Since its oil discoveries in 2015, Guyana has been contemplating the formation of a national oil company. Its dilemma “to form or not to form” (to borrow from Hamlet's soliloquy) must be...

Guyana to resume national climate resilience strategy this year

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...

Ramps says will meet Local Content Secretariat’s reasonable demands

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,...

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

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...

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

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...

Saipem awarded US$1.2B in Middle East contracts

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...

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

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...

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

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...

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

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...

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

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...

Latest News

Nothing in the world more exciting to work on than Guyana’s projects – Exxon Upstream President

President of ExxonMobil Upstream Company, Liam Mallon, speaking at an event at State House in Georgetown on Thursday, said...