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Head of Staatsolie encouraging Guyana to conduct basin opportunity upgrades

OilNOW -
Annand Jagesar, Managing Director of Suriname’s state oil company, Staatsolie Maatschappij Suriname, is encouraging Guyana to pursue basin opportunity upgrades by way of independent surveys that would provide authorities with a better understanding of the prospective resources of offshore...
News

Oil prices take biggest one-day hit since March after OPEC+ agreed to boost output

OilNOW -
(Reuters) - Oil slumped more than $5 a barrel on Monday, headed for its worst day since March, after OPEC+ agreed to boost output, stoking fears of a surplus as rising COVID-19 infections in many countries threaten demand. Crude oil's...
News

1 million barrels of Guyana oil could hit the market at height of global supply crunch

OilNOW -
The rapid increase in oil production offshore Guyana will perhaps be coming at one of the most opportune times in the boom-and-bust cycle of the industry as more experts agree that a major supply crunch is on its way...
Exploration

Island with GDP 8 times that of Guyana decides to no longer pursue oil exploration

OilNOW -
The Greenlandic government, Naalakkersuisut, has decided to drop all future oil exploration on and around the world's largest island, Danish media reported last week. This is being done partly in response to climate concerns and the need to protect the...
News

Guyanese company seeking EPA approval to set up oil well cement warehouse

OilNOW -
Toolsie Persaud Limited, a Guyanese family-owned business that has been in operation for over eight decades, is hoping to be a major supplier for ExxonMobil and other companies operating offshore the South American country. With the creation of its...
News

Development operations continue for Exxon’s 3rd major project in Guyana

OilNOW -
ExxonMobil is continuing developmental operations at the Payara field located at the Stabroek Block offshore Guyana. Current operations are incorporating the use of the PSV Skandi Rona at an area situated approximately 112 nautical miles (207.42 kilometers) off the coast...
News

Exxon conducting geo-surveys for gas-to-energy pipeline

OilNOW -
ExxonMobil affiliate Esso Exploration and Production Guyana Ltd (EEPGL) is set to undertake geotechnical and geophysical pipeline route surveys within Guyana’s Exclusive Economic Zone. According to the Maritime Administration Department (MARAD), this exercise is scheduled to conclude on October 15,...
News

OPEC+ meeting today to decide on oil supply boost

OilNOW -
(Reuters) - OPEC+ ministers will meet on Sunday in another attempt to agree a quick oil supply boost to address soaring oil prices as the global economy recovers from the coronavirus pandemic. The group, which includes OPEC countries and allies...
Opinions

Report on QC Alumni Association Oil and Gas Symposium, by Dr. Terrence R. Blackman

OilNOW -
By Terrence R. Blackman, Ph.D. – OilNOW Part 1 On June 09, 2021, ExxonMobil announced newly identified, high-quality hydrocarbon-bearing reservoirs below the original Longtail-1 at Longtail-3 offshore Guyana. The well, located approximately two miles (3.5 kilometers) south of the Longtail-1 well,...
News

Guyana’s future role in CARICOM becoming increasingly important

OilNOW -
With revenues from its booming oil and gas sector and its projected long-term growth trajectory, Guyana is expected to play a lead role in the Caribbean region’s development in the coming years. So says President of the Caribbean Development...
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Latest News

NewsIşıl Güneş -

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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