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Touchstone confirms hydrocarbon presence at Cascadura-5 well in Trinidad

Touchstone Exploration announced on July 7 successful drilling results from its Cascadura-5 development well onshore Trinidad and Tobago. The well, located on the Ortoire block, was spud on June 4 and reached a total depth of 7,020 feet in 22...

Jennifer Geerlings-Simons makes history as Suriname’s first female President amid offshore oil plans 

PARAMARIBO-SURINAME - Suriname’s National Assembly convened on Sunday to elect the country’s next president in an important parliamentary session. In a historic outcome, Jennifer Geerlings-Simons was chosen to lead the Republic, becoming the first female president in Suriname’s history...

Petronas adds Roystonea-2 to Suriname exploration campaign

PETRONAS has added the Roystonea-2 appraisal well to its exploration program in Block 52 offshore Suriname, according to Staatsolie. Staatsolie said the well will “further evaluate the oil discovery made with the Roystonea-1 in November 2023”.  Roystonea-2 is part of a...

Shell ups Manatee production forecast 10%, says Trinidad energy minister

Shell has increased its gas production forecast for the Manatee project offshore Trinidad and Tobago by 10%, according to the country’s newly appointed Energy Minister, Roodal Moonilal. Speaking at a gathering of the Society of Petroleum Engineers of Trinidad and...

Local content policies in oil-producing countries: a comparative look with focus on Suriname

PARAMARIBO, SURINAME - Local content policies are increasingly used by oil-producing nations to ensure that petroleum extraction generates long-term economic benefits for local populations. These policies typically require international oil companies to prioritize hiring national workers, sourcing goods and...

Guyana Electric boosts grid reliability with specialized high-voltage training

Guyana Electric has launched specialized training courses in medium and high-voltage cable terminations and joints, aimed at improving installation practices and network reliability. Chief Executive Officer, Keon Howard shared details in an exclusive interview with OilNOW.  Howard said the training...

Rystad Energy offers conservative forecast for Guyana’s entry into top 10 non-OPEC oil producers by 2031

Guyana is forecast to become one of the top 10 non-OPEC oil producers by 2031, according to new data from Rystad Energy. The firm reported on an interactive chart via LinkedIn on July 2 that total liquids production from non-OPEC...

Dredging in Demerara Channel to continue through 2025

The Maritime Administration Department (MARAD) announced that dredging works will continue in the Demerara Main Ship Channel and off the West Coast of Demerara near Plantation Best. The operation spans 34.74 square nautical miles, or 119.2 square kilometers. It is...

Trinidad to overhaul energy project approvals in bid to boost oil & gas sector

Trinidad and Tobago’s newly appointed Energy Minister, Roodal Moonilal, on Wednesday said the government will launch a national symposium aimed at streamlining the country’s energy project approval process, in one of the first policy initiatives of the new administration...

Decision reached in arbitration over Hess’ stake in Guyana’s Stabroek Block

A decision has been reached in the high-stakes arbitration between ExxonMobil and Hess Corporation over a prized oil asset offshore Guyana, according to a Reuters report this week.  The ruling by the Paris-based International Chamber of Commerce (ICC) will determine...

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Guyana drilling surges as ExxonMobil and Halliburton deliver first fully automated closed-loop well placement

Halliburton and ExxonMobil Guyana Limited have completed the industry’s first fully automated closed-loop well placement offshore Guyana, the companies...