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Phase 2 of Gas-to-Energy project can be done in two years – Jagdeo

OilNOW -
Guyana's Vice President Bharrat Jagdeo said Phase 2 of the Gas-to-Energy project can be completed in two years.  “We believe that is an outside limit,” he said during a press conference in Georgetown on September 26, following the publication...
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PXGEO 2 vessel to undertake major seismic surveys in Trinidad and Tobago waters

OilNOW -
The PXGEO 2 seismic vessel is set to execute a series of significant seismic surveys in Trinidad and Tobago’s waters, as part of three major projects initiated by the Government of the Republic of Trinidad and Tobago (GoRTT), the...
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Suriname’s first FPSO capable of producing 220,000 barrels per day – TotalEnergies CEO 

OilNOW -
The floating, production, storage and offloading vessel (FPSO) for Suriname’s first offshore development will be capable of producing 220,000 barrels per day (b/d), according to TotalEnergies Chief Executive Officer, Patrick Pouyanné.  The initial target was 200,000 b/d.  Pouyanne, at an energy...
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Consumers to see immediate 50% power cost reduction with Gas-to-Energy project

OilNOW -
Guyana’s Vice President Bharrat Jagdeo has assured that consumers will benefit from a 50% reduction in power costs almost immediately after the Gas-to-Energy project becomes operational.  “I don’t know if it will be one day, a week, or so, but...
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Canje Block still with oil companies, as government reviews second relinquishment

OilNOW -
The Canje Block offshore Guyana is still with operator ExxonMobil and co-venturers TotalEnergies, JHI Associates and Mid-Atlantic Oil & Gas. Vice President Bharrat Jagdeo confirmed this at a press conference on Thursday, pointing out that 20 percent of the...
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CNOOC Petroleum Guyana Limited to develop advanced data storage and sharing platform

OilNOW -
CNOOC Petroleum Guyana Limited (CPGL) has announced plans to establish a new data storage and sharing platform to meet the growing collaborative needs of its global workforce. This system will enhance CPGL's capacity to manage increased production and development...
News

Pre-FEED work begins on Woodside Energy’s Calypso project offshore TT 

OilNOW -
Pre-FEED engineering work has commenced on Woodside Energy’s Calypso Project, located 220 km off Trinidad's coast in water depths of 2,100 meters. This development follows the completion of conceptual studies and the selection of an infield host as the...
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Firm needed to operate, maintain 300 MW Gas-to-Energy power plant

OilNOW -
The Government of Guyana has issued a Request for Proposals (RFP) seeking qualified firms to manage the operations and maintenance (O&M) of a 300-megawatt (MW) power plant and related auxiliary facilities as part of the Gas-to-Energy Project. This power...
Industry Insight

Oil sector to require $17.4 trillion investment by 2050 to meet rising demand – OPEC 

OilNOW -
The oil industry will need cumulative investments of $17.4 trillion by 2050 to meet growing global demand, the Organization of Petroleum Exporting Countries (OPEC) said in its annual long-term outlook. This translates to an average annual investment of around...
News

Stena DrillMAX returns to continue exploration drilling at Haimara-3 

OilNOW -
Exploration drilling continues at ExxonMobil’s Haimara-3 well in Guyana’s Stabroek Block. The campaign is being undertaken by the Stena DrillMAX rig.  Guyana’s Maritime Administration Department (MARAD) said activities will conclude on November 1 at the site, situated approximately 123.3 nautical...
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Letter-to-the-Editor: Guyana’s oil and gas sector is experiencing responsible growth

Dear Editor, I am constantly engaged with reports across a range of industries—none more prominent in recent years than the...

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