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2,000 direct jobs to be created in Suriname as TotalEnergies set to spend US$1.5 billion in-country

OilNOW -
TotalEnergies' Gran Morgu project is set to create thousands of jobs, including 2,000 direct jobs over its lifetime. Meanwhile, the Total-led group plans to spend US$1-1.5 billion in Suriname as part of its development program for the Gran Morgu...
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Local security company to hire over 70 Guyanese as operations expand  

OilNOW -
Secure Innovations and Concepts Inc. (SI&C) plans to hire 75 locals as its operations expand in Guyana.  Its Chief Executive Officer (CEO), Harold Hopkinson, told OilNOW that SI&C's services encompass everything from managed security services for public and private clients...
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Exxon, Chevron and BP among 27 bidders for Guyana crude marketing deal

OilNOW -
ExxonMobil, Chevron, Shell, BP, and Eni are among 27 companies that have submitted bids for Guyana's crude marketing contract. ExxonMobil is the operator of the Stabroek Block where all crude production offshore Guyana is currently being executed. This includes the...
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Largest investment in Suriname history to usher in ‘new dawn’

OilNOW -
The GranMorgu Development is being seen as a historic milestone in Suriname’s oil and gas sector. “What seemed like a distant dream is becoming a reality,” said Annand Jagesar, Managing Director of state oil company Staatsolie.  According to Staatsolie, the name...
News

Economist says 220,000 bpd day project can propel Suriname to ‘developed’ status; urges careful planning

OilNOW -
Steven Debipersad, Head of the Economist Association of Suriname is urging the government to create a strategic plan to manage the incoming oil revenues after TotalEnergies' Final Investment Decision (FID) for the country’s first offshore oil development.  “This is a...
News

TotalEnergies makes final investment decision for historic deepwater project offshore Suriname

OilNOW -
Suriname President Chandrikapersad Santokhi promised prosperity for Surinamese, and a principle of leaving no one behind, as the final investment decision was made for the first-ever offshore oil development at Block 58.  "Our policy, and this should apply to any...
News

Hess clears FTC hurdle, CEO to focus on Guyana relations post-merger

OilNOW -
Hess Corporation announced the completion of the Federal Trade Commission (FTC) antitrust review of its merger with Chevron, satisfying a key condition for the transaction's closure.  In an announcement, Chief Executive Officer, John Hess, expressed optimism about the deal. “This...
News

TotalEnergies to sign $10 billion deal for Suriname’s first offshore oil project 

OilNOW -
TotalEnergies is expected to make its final investment decision (FID) this week for Suriname’s first offshore oil and gas development, valued at over US$10 billion. This is according to four sources, a Sept. 30 Reuters report stated, pointing out...
News

TT seals energy deal with Shell subsidiary for Block Modified U (c)

Shikema Dey -
Trinidad and Tobago's Ministry of Energy and Energy Industries (MEEI) has finalized a Production Sharing Contract (PSC) for Block Modified U(c) with BG International Limited (BGI), a subsidiary of Shell. The signing took place on 27th September 2024 at...
Guyana's Oil Ledger

Guyana crude output rebounds, closing August at 663,000 b/d

Kemol King -
After a July of shutdowns at the Liza field, crude oil production has returned to more than 600,000 barrels per day (b/d) in August.  The shutdowns for the connection of a natural gas pipeline lasted July 2-15 for Liza 2,...
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Guyana’s AFC party promises transparency, amended contracts in oil sector if it wins elections

Guyana’s Alliance for Change (AFC) political party is promising oil and gas transparency reforms and a review of existing...

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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