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Total CEO for Suriname visit, oil development discussions high on agenda

All details will be revealed to Suriname’s President on Block 58’s development prospects, said TotalEnergies’ Chief Executive Patrick Pouyanné.  Speaking at the Barclays CEO-Energy Power Conference being held in New York, Pouyanné said that the oil field is big enough...

Over 6,000 businesses benefit from new ‘Centre Hub’ launched by CLBD

The landscape of business opportunities in Guyana has been boosted with the introduction of the Centre Hub, an enhanced and upgraded digital platform introduced by the Centre for Local Business Development (CLBD) on September 7. It is set to...

Touchstone delivers first gas from Cascadura project in Trinidad

Calgary-based Touchstone Exploration Inc. has officially announced the commencement of production at its Cascadura natural gas and liquids facility in Trinidad. This announcement heralds a significant transition for Touchstone, pivoting the company's operations to be more natural gas-centric. The Cascadura...

Integrated advantage: How FPSOs outperform traditional platforms in Guyana’s depths

ExxonMobil has decided to use the floating production, storage and offloading (FPSO) vessel for every oil development offshore Guyana. But why? The company explained in the environmental impact assessment (EIA) for the proposed Whiptail project, which would be the...

Technical Training College project “will not significantly affect environment” – EPA

The Environmental Protection Agency (EPA) has concluded that a study of the environmental and social impacts of the Guyana Technical Training College Incorporated (GTTCI) being constructed in Port Mourant, Corentyne, Berbice, is not necessary. The institution is set to...

Artificial Intelligence (AI) and the Development of Agriculture and Food Sectors in Oil Rich Guyana (Part 2, Challenges)

By Dr. Arlington Chesney - OilNOW Part 1 described the rapidly growing global importance of AI, including both algorithmic and autonomous devices on the development of the agriculture and food sectors; identified possible areas of their sustainable use in Guyana;...

Brazil’s Petrobras to install 11 new FPSOs in presalt basin to mark 15-year production anniversary

Brazil’s Petrobras marked 15 years of pre-salt offshore production this month and unveiled intentions to deploy 11 new production platforms in the basin by 2027.  Since December 2022, Petrobras initiated operations on the P-71 platform at the Itapu field and...

IEA says Guyana will achieve explosive oil supply growth through 2028 

By 2028, Guyana is expected to provide approximately 1.3% of global oil demand. By then, the ExxonMobil-led consortium holding the Stabroek Block will have invested approximately US$54 billion to develop projects offshore the South American country. While global oil demand...

Education Ministry receives bids for Port Mourant Hospitality Institute

Construction is underway at the Port Mourant Technical Training College in Berbice, Region 6. This highly-anticipated project is meant to train Guyanese to take up roles in the oil and gas and hospitality sectors.  Guyana’s Finance Minister, Dr. Ashni Singh...

Petrobras revising divestment strategy, puts Urucu, Bahia-Terra, Manati, and Argentine subsidiary sales on pause

In line with shifting priorities, Brazil’s Petrobras has axed the divestment of four major assets as it seeks to revise the process. Its sale of the onshore Urucu and Bahia-Terra clusters, the Manati oilfield, and its Argentine subsidiary, Petrobras...

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Oil jumps past $109 as Trump signals escalation in Iran conflict

Oil prices climbed sharply on Thursday after Donald Trump signaled further military action against Iran, raising concerns about supply...