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No reason to consider delays in Block 58 project – Staatsolie

Shikema Dey -
Staatsolie - Suriname’s state oil firm, sees no reason to delay the nation’s first offshore oil development. The project, to be sanctioned by TotalEnergies, has a price tag of US$9 billion.  TotalEnergies’ Chief Executive, Patrick Pouyanné had told investors on...
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Guyana says use of Trinidad’s gas infrastructure depends on cost

OilNOW -
Vice President Bharrat Jagdeo sought to defend Guyana’s hesitation to utilize Trinidad and Tobago’s natural gas facilities to process Guyana’s gas, as calls came in for collaboration between the two countries.  Trinidad’s Prime Minister Keith Rowley and Energy Minister, Stuart...
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Guyana tax regulator casts net for accountants, auditors for petroleum departments

OilNOW -
In response to the expansion of the oil and gas tax roll, the Guyana Revenue Authority (GRA) has embarked on a strategic capacity-building drive for its Petroleum Cost Recovery and Petroleum Revenue Departments.  The initiative aims to recruit a group...
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Guyana achieves milestone: World’s first CORSIA-eligible credits for sale to airlines

OilNOW -
Guyana has made history by becoming the first country to receive CORSIA (Carbon Offsetting and Reduction Scheme for International Aviation)-eligible credits for airlines, a significant achievement in global efforts to combat climate change.  According to a release from the Guyana...
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UK export agency triples financing for Guyana projects

OilNOW -
The United Kingdom has substantially boosted financial support for projects in Guyana, surging from £750 million to £2.1 billion. This announcement was made by the UK Minister for the Americas, Caribbean, and Overseas Territories, David Rutley, during a February...
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Suriname’s shallow offshore bid round expected to attract strong interest – Geo Expro 

OilNOW -
Suriname's second shallow offshore bid round is poised to garner significant attention from the global petroleum industry. The bid round offers lucrative opportunities in an area sandwiched between two major petroleum provinces, according to Geo Expro - a geoscientist...
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Western Logistics looking to service Suriname’s oil sector by Q2 2024

OilNOW -
Come Q2 2024, Western Logistics is looking to be fully operational in Suriname after years of demonstrating its prowess in Guyana’s oil and gas industry.  Its Chief Executive Officer (CEO), Pradeep Ramoutar, disclosed the company’s plan in an update to...
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Noble Sam Croft drilling Hatchetfish-1 well at Stabroek Block

OilNOW -
The Noble Sam Croft vessel is currently undertaking drilling operations at the Hatchetfish-1 well in Guyana’s Stabroek Block, operated by ExxonMobil.  According to the Maritime Administration Department (MARAD) the drillship is being assisted by 23 vessels. Those include Deep Ocean’s...
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Dispute over Hess stake in Stabroek block could lock Chevron out of Guyana

Kemol King -
A dispute over Hess Corporation's stake in the Stabroek block off the coast of Guyana threatens to sideline Chevron Corporation from its planned acquisition of Hess, potentially locking it out of Guyana. Chevron announced the agreement with Hess Corporation...
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Guyana is leading contributor to Noble’s 2023 revenue surge

OilNOW -
Noble Corporation plc announced US$2.6 billion in revenue in its 2023 Annual Report, marking a year-on-year increase of 83%. Notably, Guyana emerged as the leading contributor, generating US$703 million (27%) million. The bulk of Noble’s revenues also came from Guyana...
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FPSO Jaguar enters dry dock in Singapore as construction advances

SBM Offshore has announced that the FPSO Jaguar, its fifth unit destined for Guyana, has entered dry dock at...

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