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Guyana, Suriname will eat up more deep water investments as majors double down

Consultancy group Wood Mackenzie did a recent analysis on the relevance of future oil and gas exploration in a world where energy companies are being pressured to clean up their act and give way to the energy transition. Under...

Avoid using oil money as ‘emergency slush fund’, urges financial analyst

Challenges brought on by unprecedented flooding across Guyana and the impact of the COVID-19 pandemic have seen some sections of the populace calling for government to tap into the Natural Resource Fund (NRF) which currently holds over US$344M in...

Aberdeen-Guyana Gateway to explore opportunities in South America’s new oil province

Guyana’s continuing emergence as an energy hub will be explored during an online event which is due to take place on Tuesday, June 22 and Wednesday, June 23. Hosted by Aberdeen-based Granite PR, the Aberdeen-Guyana Gateway will move online for...

Qatar Petroleum upbeat about increasing its presence in new South America hot spot

Qatar Petroleum is increasing its presence in the Guyana-Suriname Basin where latest estimates put recoverable oil equivalent resources to well over 20 billion barrels, representing double what has been discovered so far across the new South American oil province. Suriname...

A two-fold approach to lower emissions in Guyana: Exxon’s carbon capture strategy and a potential government carbon tax

By Arthur Deakin – OilNOW The International Energy Agency (IEA) recently set out a narrow roadmap for the world to reach net zero carbon emissions by 2050. Annual renewable energy capacity will have to be added at four times the...

Sustainable Energy Council announces World Hydrogen Advisory Board of industry leaders

The London-based sustainable events, business council and training provider has published the initial group of senior decision makers from global companies in the energy and hydrogen industry, who will be a guiding force behind the SEC World Hydrogen Series...

One Basin Three Nations launches Regional Energy Training and Technology Center

One Basin Three Nations (OBTN) has launched a new Regional Energy Training and Technology Center based in Suriname, created by joining forces with strategic internationally established industry partners such as MINTRA Group, Technology Catalogue and IN-VR. OBTN’s said its...

Chevron and Qatar Petroleum consortium win bids for Suriname oil blocks

Chevron Exploration Suriname Limited and a consortium consisting of TotalEnergies and Qatar Petroleum have submitted the most favourable bids for shallow offshore blocks in Suriname’s recently concluded bid round. State oil company Staatsolie Maatschappij Suriname N.V. said on Friday Chevron...

WoodMac Analysis: How high can the oil price go in 2021?

By Simon Flowers - Chairman, Chief Analyst & author of The Edge at Wood Mackenzie Commodities are on a bull run, playing the triple themes of a recovering global economy, a weakening dollar and the possibility of an emerging supercycle. Oil’s...

Support from oil companies boosting delivery of education at University of Guyana – VC

The University of Guyana (UG) has received more funding from foreign investors in the oil and gas industry than the total amount received from all other sources in over 15 years. Vice Chancellor Professor Dr. Paloma Mohamed-Martin said that from...

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Survey says Exxon is ‘Most Admired Explorer’ propelled by mega wins in Guyana

ExxonMobil has been named the most-admired upstream explorer in the world, according to Wood Mackenzie’s 2025 Exploration Survey, a...