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South America’s new O&G deepwater players positioning for big opportunities

OilNOW -
The governments of Guyana and Suriname, the new oil and gas deepwater hotspots in South America, are focusing on strengthening bilateral relations and solidifying plans to create new opportunities. Guyana’s President, Dr. Irfaan Ali and his Surinamese counterpart, President...
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U.S hedge fund plugs US$30 million into junior firm with stake in Kaieteur block

OilNOW -
(Reuters) - Activist hedge fund Elliott Management Corp has invested at least $30 million in Cataleya Energy, a small firm focused on oil exploration in Guyana, the world's newest oil and gas hot spot, two people familiar with the...
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Total contracts Maersk Drilling for two-rig campaign offshore Suriname

OilNOW -
Maersk Drilling has received a Conditional Letter of Award (CLOA) from Total E&P Suriname, Suriname Branch for the supply of two deepwater rigs, Mærsk Developer and Maersk Valiant, for an exploration and appraisal project in Suriname’s Block 58. Maersk Drilling...
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Baker Hughes plugging over US$8 million into Oilfield Service Facility in Guyana

OilNOW -
American international industrial service company, Baker Hughes, is moving to set up an Oilfield Service Facility at Land of Canaan on the East Bank of Demerara in Guyana, where it expects to provide employment for over 70 Guyanese during...
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Corentyne River Bridge on agenda as Guyana President makes first state visit to Suriname

OilNOW -
Guyana’s President, Dr Mohamed Irfaan Ali, has arrived in Suriname for a state visit over the period November 23 to 26, during which time discussions will be held with President Chandrikapersad Santokhi to build on the issues advanced during...
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ExxonMobil Guyana’s Deedra Moe takes up new position in Houston

OilNOW -
ExxonMobil Guyana Senior Director, Public and Government Affairs, Deedra Moe, will be departing the country soon to take up a new position in Houston in her home country of the Unites States. She will be succeeded by Karen Matusic,...
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Staffing is now the focus for CGX deep water port facility in Guyana

OilNOW -
Grand Canal Industrial Estates Inc. (GCIE), a subsidiary of CGX Energy Inc., has begun seeking human resources personnel for its Berbice Deep Water Port facility, located in the new oil producing country of Guyana. In multiple advertisements in the local...
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Suriname offshore breakeven expected to go down with more discoveries

OilNOW -
The projected breakeven price for development of oil fields offshore Suriname is expected to reduce in coming years as more discoveries are made, and production gets underway. So far, three discoveries have been made at Block 58, estimated to contain...
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Outgoing head of Guyana’s Department of Energy says ‘still willing to serve’

OilNOW -
Character, integrity, perseverance and contentment--these are the qualities that outgoing Director of the Department of Energy, Dr. Mark Bynoe says are integral to his successor executing their duties within an agency that has played a critical role in the...
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Guyana government intensifies call for oil not to be seen as the ‘only game in town’

OilNOW -
The Government of Guyana is continuing to place emphasis on the diversification of the economy as part of efforts to ensure the emerging oil and gas sector does not become the sole area of economic activity in the South...
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Ali names 25-member cabinet; Vickram Bharrat back at oil ministry

President Irfaan Ali of Guyana unveiled 25 ministerial Cabinet appointees on Saturday evening, as the government embarks on 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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