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Guyana, Suriname exploring unification of economic spaces – senior minister

OilNOW -
The Presidents of Guyana and Suriname, Dr. Mohamed Irfaan Ali and Chandrikapersad Santokhi, have discussed at length, ways in which the two countries can unify their economic spaces. So said senior minister in the Office of the President with responsibility...
News

Argentina introduces gas plan too late, now forced to purchase LNG at record high prices, says GlobalData

OilNOW -
Argentina’s Plan Gas IV, which aimed to incentivize natural gas production in the country, was introduced too late, according to GlobalData. The data and analytics company notes that the plan’s delays have meant production has not ramped up enough...
News

Oil drops as Delta variant spreads

OilNOW -
(Reuters) - Oil prices were down for a seventh straight session on Friday near three-month lows and heading for a weekly loss of over 7% as new lockdowns in countries facing surging cases of the COVID-19 Delta variant dampened...
News

Guyana, Suriname discoveries span around 100 million years of deposition – Exxon Senior VP

OilNOW -
The unprecedented discoveries in the Guyana-Suriname Basin formed the basis of discussions on day 3 of the Offshore Technology Conference at a session where key stakeholders shared their views and talked about upcoming exploration and production campaigns. Chief among...
Exploration

Repsol planning to drill another well offshore Guyana in 2022 – head of exploration

OilNOW -
Spanish oil company Repsol plans to drill another well offshore Guyana in 2022. Speaking at the Offshore Technology Conference this week, Tomas Zapata, Head of Exploration for the Americas, said the company is optimistic about hitting pay after the first...
News

Guyana-Suriname Joint Communique

OilNOW -
JOINT COMMUNIQUE ISSUED ON THE CONCLUSION OF THE OFFICIAL VISIT TO GUYANA BY HIS EXCELLENCY CHANDRIKAPERSAD SANTOKHI, PRESIDENT OF THE REPUBLIC OF SURINAME  AUGUST 17-20, 2021 At the invitation of His Excellency Dr Mohamed Irfaan Ali, President of the Cooperative...
News

TotalEnergies says decision on 1st Suriname offshore development by year end

OilNOW -
TotalEnergies, operator of Suriname’s Block 58, says by the end of the year it will be able to determine if an announcement of the first commercial development offshore the South American country will be made. The French oil major along...
News

Guyana basin discoveries approaching 13 billion barrels with much more to come, minister tells OTC conference

OilNOW -
Guyana’s Minister of Natural Resources, Vickram Bharrat, told attendees at the Offshore Technology Conference on Wednesday discoveries in the Guyana Basin are now likely approaching 13 billion barrels of oil equivalent resources and that he expects there will be...
News

“Overwhelming interest’ shown in South America’s new oil producing nation at OTC

OilNOW -
The Guyana Shore Base Incorporated (GYSBI) is elated over the “overwhelming interest” its operations, and the country by extension, has received at the Offshore Technology Conference (OTC) in Houston, Texas which concludes today. “So far, it’s been three days of non-stop...
News

Guyana and Suriname discuss establishment of common oil & gas strategy

OilNOW -
Guyana and its sister Caribbean Community (CARICOM) nation, Suriname, have initiated discussions on the likelihood of establishing a common strategy for the development of their oil and gas sectors. “As you are aware, both parties here have similarities and have...
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Suriname’s National Debt Chief resigns amid enhanced financial scrutiny of NDP government 

PARAMARIBO, SURINAME - Malty Dwarkasing has resigned as Suriname’s Administrator-General of the National Debt Office. Dwarkasing submitted her resignation...

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