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Petronas could deliver Suriname’s 2nd FID as early as next year

Shikema Dey -
Suriname expects its second final investment decision in 2026 for the Petronas-operated Block 52.  Annand Jagesar, head of Suriname’s state oil firm Staatsolie made the announcement today during a presentation at the Guyana Energy Conference.  Petronas hit pay at the Slonea-1...
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US$300M refined fuel deal being fine tuned with US company – Ali 

Shikema Dey -
The Guyana government is in discussions with U.S. company Curlew Midstream to fine-tune a refined fuels deal, President Irfaan Ali announced on Tuesday. An initial US$300 million is expected to be invested in early stages.  Ali explained to reporters on the...
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About 500 million boe in Suirname’s Block 52 – Rystad Energy 

OilNOW -
Rystad Energy estimates that Suriname’s Block 52 holds an estimated 500 million equivalent barrels of oil equivalent resources, according to a new report.  Petronas holds 100% of the working interest in Block 52 after its partner, ExxonMobil pulled out last...
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“Let us get the evaluation and then we will discuss our posture”, says Guyana President after attack on soldiers by suspected members of Venezuelan...

Shikema Dey -
A group of Guyanese soldiers came under attack on Monday near the country’s western border, allegedly by members of the Venezuelan Sindicato gang.  Speaking on the sidelines of the Guyana Energy Conference and Supply Chain Expo on Tuesday, Guyana’s President,...
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With more associated gas found in Stabroek Block, Exxon can now supply Guyana with 120 million cubic feet of gas – new Deepwater VP

Shikema Dey -
ExxonMobil said it has identified more associated gas resources in Guyana’s Stabroek Block to more than double its intended supply for the Gas-to-Energy project. J Hunter Farris, Exxon’s Senior Vice President, Deep Water made the announcement during a presentation at...
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Come ‘win with us’ – President Ali as potential investors gather for 4th Energy Conference

Shikema Dey -
The 4th edition of the Guyana Energy Conference, which now includes a Supply Chain component, got underway at the Marriott Hotel in Georgetown this morning, offering a blend of excitement beyond oil and gas. In his keynote address, President of...
News

Dominican Republic sets eyes on Guyana’s Berbice Block 

Shikema Dey -
The Dominican Republic has its eyes on the Berbice Block, an offshore asset spanning 0.6 acres in the shallow waters of the Guyana Basin.  Its President Luis Abinader Corona shared this during the opening of the Guyana Energy Conference.  He said...
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Exxon targeting pipeline for gas resources at proposed Hammerhead project

OilNOW -
ExxonMobil plans to pipe gas from the proposed Hammerhead development project to shore. This will provide an additional gas supply to support Guyana’s plans to expand its Gas-to-Energy (GtE) project.  The Environmental Protection Agency (EPA) on Monday published the Hammerhead...
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SBM Offshore to study carbon capture solutions for Petrobras FPSOs

OilNOW -
SBM Offshore has secured a contract to study carbon capture solutions for Petrobras' future floating production, storage, and offloading (FPSO) units. The study will evaluate the design and commercial feasibility of various carbon capture system configurations for FPSOs operating...
News

Shell to kick off Suriname exploration campaign with Araku Deep-1 well – Rystad Energy

OilNOW -
Shell is set to begin drilling up to four exploration wells in Suriname’s offshore Block 65, with the first well, Araku Deep-1, scheduled to spud in the second quarter of 2025, Rystad Energy said. The company is seeking clearance...
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ExxonMobil taps MODEC for second Guyana FPSO as Hammerhead project advances

ExxonMobil has awarded a limited notice to proceed to Japanese offshore engineering firm MODEC for the development of a...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

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