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Saudi, UAE reach compromise to unlock more oil supply

OilNOW -
(Reuters) - Saudi Arabia and the United Arab Emirates have reached a compromise over OPEC+ policy, an OPEC+ source said on Wednesday, in a move that should unlock a deal to supply more crude to a tight oil market...
News

Guyana not in favour of bilateral agreement with India for oil, prefers open process – Bharrat

OilNOW -
Even though there is great interest from India to have a long-term agreement for the purchase of Guyana’s Liza crude, the South American country’s government is not in favour of this approach says Natural Resources Minister, Vickram Bharrat. During...
News

Gas supply is a catalyst for the energy transition, says Int’l Gas Union President

OilNOW -
Joe Kang, President of the International Gas Union (IGU), whose members represent more than 95% of the global gas market, says gas supply is a catalyst for the energy transition. In a conversation with Daniel Yergin, Vice Chairman at...
News

U.S. could be easing Venezuela sanctions as Treasury greenlights LPG exports

OilNOW -
The U.S. Department of Treasury granted a sanctions waiver on July 12 allowing U.S. companies to export or re-export LPG supplies to Venezuela, the first move by the Biden administration to ease sanctions on the economically hard-hit country, S&P...
News

Guyana, T&T and Suriname can be region’s energy fulcrum, says Head of CARICOM Energy Unit

OilNOW -
Cognizant of the massive hydrocarbon resources in Guyana, Suriname and Trinidad & Tobago, Programme Manager at the Caribbean Community’s (CARICOM) Energy Unit, Dr. Devon Gardner, believes that these three sister countries can be the fulcrum upon which the Caribbean...
News

Major Guyana offshore support base targeting 2022 start-up, could service up to 12 wells per year

OilNOW -
Work is on schedule for the operationalization of a major offshore oil and gas support shore base in Guyana by mid-2022 and for the operationalization of a containerized cargo, agricultural cargo and specialized cargo terminal by the end of...
Opinions

Using oil to diversify Guyanese foreign policy – starting with India

OilNOW -
By Wazim Mowla – OilNOW Amid increasing US rhetoric about competing with China in Latin America and the Caribbean, Guyana should use its newfound oil reserves to diversify its foreign relations. This process should start with India, who over the...
News

Suriname oil wells show excellent properties similar to Guyana, says GlobalData

OilNOW -
Recent exploratory success offshore Suriname, where four discoveries have been made in Block 58 in 2020, shows promise to become an oil production hot spot in the near to mid-term, according to GlobalData. The data and analytics company noted...
News

CGX Energy says it will spud Kawa-1 in August, well could cost up to US$85 million

OilNOW -
Two weeks after Guyana’s Maritime Administration (MARAD) published a notice stating that drilling operations is set to get underway at the Kawa-1 prospect in the Corentyne Block on July 2, Canadian oil explorer CGX Energy Inc. said on Monday...
News

Indian Oil Company offered best deal for Liza crude – Bharrat

OilNOW -
Guyana’s most recent sale of 1 million barrels of Liza crude to Indian Oil Corporation Ltd. (IOC) is the country’s “sweetest deal to date” since it is poised to bring in as much as US$76M says Natural Resources Minister,...
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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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