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Over 60% of Suriname’s deepwater acreage remain unlicensed; new bid round nears

OilNOW -
Suriname’s state oil company, Staatsolie is set to auction off several deepwater blocks this year with another bid round reportedly planned for the shallow blocks by mid-2023. “We are very excited about the prospects of releasing further offshore acreage,” Annand Jagesar,...
News

‘No path to net-zero without using gas as transition fuel’ – VP Jagdeo

OilNOW -
As the world charts a path forward to net zero by 2050, some environmentalists argue that countries should leave the natural gas in the ground and move straight to renewable energy. But Guyana’s Vice President Dr. Bharrat Jagdeo argues...
Opinions

Tom Mitro failed to prove Guyana losing big on cost oil deductions

OilNOW -
By Joel Bhagwandin - OilNOW I am tired of responding to first world “so called experts” who have their own agenda and based on their absurd pronouncements on Guyana’s affairs, probably believe that we are an uneducated population and lack...
News

SOLD OUT: Suriname gearing up for major energy conference this week

OilNOW -
The 2nd edition of the Suriname Energy, Oil & Gas Summit & Exhibition (SEOGS 2022) will be hosted this week in Paramaribo from June 28 to 30. The event is set to provide the opportunity to hear from government,...
News

Stabroek Block royalties not part of cost oil – Guyana tax boss

OilNOW -
Commissioner-General of the Guyana Revenue Authority (GRA), Godfrey Statia said on Saturday that royalties paid by the Stabroek Block consortium are not allowable in the calculation of cost oil. The tax boss explained this in response to “misinformation” in the...
News

Economist Michael Porter, Hess helping Guyana modernise services needed for booming oil economy

OilNOW -
Vice President Dr. Bharrat Jagdeo recently clarified that Hess Corporation along with revered United States academic and economist, Michael Porter do not have a hand in crafting Guyana’s national development strategy building on its oil resources; but rather, are...
News

Commonwealth reaffirms support for Guyana’s sovereignty in Venezuela border case

OilNOW -
As the curtains of the Commonwealth Summit held in Kigali, Rwanda closed, the Heads of Government present reaffirmed their “firm and unwavering support for the maintenance and preservation of the sovereignty and territorial integrity of Guyana” in the matter...
News

Over 4,000 locals now employed in Guyana’s O&G sector – Bharrat

OilNOW -
When Guyana discovered oil in 2015, it had no capacity whatsoever to fulfill the ever-increasing needs of the budding sector, but the country has come a far way. It is now 2022 – seven years on, and the country has...
News

As Petrobras divests, Norway-based E&P snatches up deepwater blocks

OilNOW -
Norway’s BW Energy has reached an agreement with Brazil’s state-owned Petrobras to acquire two of its major deepwater clusters – Golfinho and Camarupim – in a deal costing up to US$75 million. The sale is part of Petrobras' strategy to divest assets and focus...
News

Company quickly contains small oil spill off Australia coast

OilNOW -
Jadestone Energy – an oil and gas company with operations focused in the Asia-Pacific region – was able to quickly identify and stop a small oil spill in the Montara field offshore Australia. Giving an update on the matter, the...
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NewsShikema Dey -

As Errea Wittu FPSO takes shape, MODEC deepens roots in Guyana with permanent office 

Merely days after the Errea Wittu FPSO arrived in Singapore for the next stage of construction, builder MODEC marked...

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