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Petronas adds Roystonea-2 to Suriname exploration campaign

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PETRONAS has added the Roystonea-2 appraisal well to its exploration program in Block 52 offshore Suriname, according to Staatsolie. Staatsolie said the well will “further evaluate the oil discovery made with the Roystonea-1 in November 2023”.  Roystonea-2 is part of a...
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Shell ups Manatee production forecast 10%, says Trinidad energy minister

OilNOW -
Shell has increased its gas production forecast for the Manatee project offshore Trinidad and Tobago by 10%, according to the country’s newly appointed Energy Minister, Roodal Moonilal. Speaking at a gathering of the Society of Petroleum Engineers of Trinidad and...
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Local content policies in oil-producing countries: a comparative look with focus on Suriname

OilNOW -
Local content policies are increasingly used by oil-producing nations to ensure that petroleum extraction generates long-term economic benefits for local populations. These policies typically require international oil companies to prioritize hiring national workers, sourcing goods and services from local...
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Guyana Electric boosts grid reliability with specialized high-voltage training

OilNOW -
Guyana Electric has launched specialized training courses in medium and high-voltage cable terminations and joints, aimed at improving installation practices and network reliability. Chief Executive Officer, Keon Howard shared details in an exclusive interview with OilNOW.  Howard said the training...
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Rystad Energy offers conservative forecast for Guyana’s entry into top 10 non-OPEC oil producers by 2031

OilNOW -
Guyana is forecast to become one of the top 10 non-OPEC oil producers by 2031, according to new data from Rystad Energy. The firm reported on an interactive chart via LinkedIn on July 2 that total liquids production from non-OPEC...
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Dredging in Demerara Channel to continue through 2025

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The Maritime Administration Department (MARAD) announced that dredging works will continue in the Demerara Main Ship Channel and off the West Coast of Demerara near Plantation Best. The operation spans 34.74 square nautical miles, or 119.2 square kilometers. It is...
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Trinidad to overhaul energy project approvals in bid to boost oil & gas sector

OilNOW -
Trinidad and Tobago’s newly appointed Energy Minister, Roodal Moonilal, on Wednesday said the government will launch a national symposium aimed at streamlining the country’s energy project approval process, in one of the first policy initiatives of the new administration...
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Decision reached in arbitration over Hess’ stake in Guyana’s Stabroek Block

OilNOW -
A decision has been reached in the high-stakes arbitration between ExxonMobil and Hess Corporation over a prized oil asset offshore Guyana, according to a Reuters report this week.  The ruling by the Paris-based International Chamber of Commerce (ICC) will determine...
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Guyana launches Global Student Exchange with EU & UG on health, oil and gas, engineering sectors

OilNOW -
The European Chamber of Commerce Guyana (ECCG), in partnership with the European Union and the University of Guyana (UG), officially launched the Global Exchange Initiative (GEI), the first undergraduate programme of its kind in the country. The initiative aims to...
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Petrobras acquires 13 new exploration blocks in ANP’s 5th concession round

OilNOW -
Petrobras has secured ten blocks in the Foz do Amazonas Basin and three in the Pelotas Basin during Brazil’s 5th Cycle of the Permanent Concession Offer by the National Agency of Petroleum, Natural Gas and Biofuels (ANP). In the Foz...
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SLB acquires ChampionX as it strengthens production and recovery capabilities

SLB has completed its acquisition of ChampionX Corporation, expanding its portfolio in the production and reservoir recovery space.  In its...

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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