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Guyana's oil production is on an upward trajectory, headed for 900,000 barrels per day (b/d) next year. By then, the country is poised to become the world’s largest per capita producer of oil.  The three operating projects - Liza 1,...

India's Union Petroleum Minister, Hardeep Singh Puri, revealed on March 4 that discussions have been underway with Guyana, Suriname, and Namibia regarding potential oil cooperation. Puri said that despite the ongoing voluntary oil output cuts by the Organization of...

Surinamese state oil company, Staatsolie, announced on March 4 that it has signed a Letter of Agreement (LoA) with PETRONAS and ExxonMobil to extend the exploration of a gas discovery made in 2020 off the coast of Suriname in...

Trinidad and Tobago's (T&T) former Minister of Energy and Energy Affairs, Kevin Ramnarine recently conducted a poll via LinkedIn to ascertain whether the twin-island Republic should legislate its local content requirements.  78% of the votes were in the affirmative.  The first...

ExxonMobil Upstream Company President, Liam Mallon, has lauded the remarkable success of Guyana's oil production, emphasizing its growth from "zero when we first started drilling" to reaching "600 and 40 something ." The unprecedented growth, Mallon points out, marks...

In January, three projects at the ExxonMobil-operated Stabroek Block offshore Guyana produced 18.7 million barrels of oil.  The projects collectively averaged 602,000 barrels per day (b/d). However, based on their individual peaks, the projects demonstrate the ability to produce collectively...

Staatsolie, the state-owned oil company of Suriname, could participate with up to 20% stake in the inaugural field development at Block 58. And it will go this route, according to its Managing Director, Annand Jagesar. “For sure we will participate...

The Trinidad-focused Touchstone Exploration has commenced drilling the Cascadura-3 and the CO-374 development wells, it said in a March 4 update. Cascadura-3 was spud on March 1 from the Cascadura C surface location on the Ortoire Block in which Touchstone...

Bruno Chabas, Chief Executive Officer (CEO) of SBM Offshore, says the company is on track to deliver a near zero emission floating production, storage and offloading (FPSO) vessel next year. “The carbon capture solution developed in partnership with Mitsubishi Heavy...

Liam Mallon, President of ExxonMobil's Upstream Company, recently highlighted significant upcoming milestones the oil major is targeting in Guyana. He sat down with OilNOW on Feb. 20 on the sidelines of the Guyana Energy Conference and Supply Chain Expo.  Mallon...