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Exxon seeking consultants for more environmental studies in Guyana

ExxonMobil Guyana affiliate, Esso Exploration and Production Guyana Limited (EEPGL), is seeking to conduct additional studies related to its petroleum operations offshore the South American country. The company is seeking to undertake multiple consultancies related to ‘Biodiversity Assessments and Environmental...

Pemex looking to add 180,000 b/d to Mexico crude output with Zama project

Petróleos Mexicanos (Pemex) submitted the Zama Unit Development Plan (UDP) to Mexico's National Commission of Hydrocarbons (CNH) for formal approval last Thursday. The project is expected to 180,000 barrels per day (b/d) to Mexico’s crude oil output.  An Integrated Project...

Guyana among countries pushing non-OPEC oil supply this year

The oil supply outlook for non-OPEC producers for 2023 has hiked to 66.9 million barrels of oil per day (b/d) with Guyana, Brazil, the United States, Norway and Canada leading the pack.  Its estimate for global oil demand in...

Exxon’s Uaru project to be among key early 2023 offshore sanctions, says Westwood Energy

Westwood Global Energy Group said the key projects anticipated to be sanctioned in the first half of 2023 include Eni’s Baleine Phase II development (Ivory Coast), Petrobras’ Sergipe-Alagoas (Brazil), ExxonMobil’s Uaru (Guyana), Mellitah’s Structure A & E (Libya) and...

Eco (Atlantic) & partners seek approval to drill up to five wells offshore South Africa

Eco (Atlantic) Oil & Gas Ltd. said that it, along with its partners, on South Africa’s Block 3B/4B are applying for environmental authorisation to undertake exploration activities. The block lies in water depths averaging approximately 1,000 metres, in the...

Tullow Oil farming down interest offshore Guyana

Tullow Oil said it is proceeding with plans to farm down interest in assets, including those offshore the new oil producing South American country of Guyana.  The Africa-focused explorer said in an annual report that it had to pursue the...

Transforming Guyana, Episode X: Unlocking Guyana’s Oil and Gas Potential, Balancing Energy Development and Environmental Stewardship

By Terrence Blackman, Ph. D. & Utamu Bell In Episode 10, “Unlocking Guyana’s Oil and Gas Potential,” in the Transforming Guyana webinar series hosted by the Guyana Business Journal (GBJ) and the Caribbean Policy Consortium (CPC), the episode explored a...

Guyana licensing round could bring renewed focus on junior oil players – Westmount Energy

The excitement surrounding Guyana’s 2022 auction has caught up to investment firm Westmount Energy Limited and all eyes are on South America’s rising oil star.  “...the launch of the 2022 Guyana Licensing Round, under less benign fiscal terms, may bring...

Forcing existing energy system out of use will send economies backwards – Chevron CEO

Without a doubt, the world needs to lower carbon emissions to prepare for a cleaner, greener future. But asking the global oil industry to essentially stop pumping will set economies back by years.  Chairman and Chief Executive Officer (CEO) of...

The Vreed-en-Hoop Shorebase is not a public-private partnership

By Joel Bhagwandin - OilNOW I am writing in reference to a letter published the Stabroek News on March 23, 2023, with the caption, “Vreed-en-Hoop shore base, funded with Guyana’s oil revenues makes it a private, public partnership”.  I must disclose...

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Staatsolie, Suriname tax office launch three-year program to strengthen oil and gas oversight

Staatsolie Maatschappij Suriname N.V. and Suriname’s Tax Department have launched a three-year capacity-building program to strengthen tax and customs...