To date, a total of US$1.150 billion (GY$239.176 billion) has been withdrawn from Guyana’s Natural Resource Fund (NRF), the Ministry of Finance said in a recent update.
Guyana transferred US$300 million (GY$62.394 billion) to the Consolidated Fund on Oct. 1,...
Guyana’s Vice President, Bharrat Jagdeo, said he looks forward to the potential “shared infrastructure” Guyana and Suriname can have as contiguous states with significant petroleum resources.
TotalEnergies recently announced its final investment decision (FID) for the Block 58 Gran Morgu...
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...
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...
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...
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...
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...
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...
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...
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...
