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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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Russia Foreign Minister denounces ‘foreign interference’ in Guyana/Venezuela border controversy

OilNOW -
Sergey Lavrov, Russia’s Foreign Minister, visited Caracas recently, during which he denounced 'external interference' in the territorial controversy between Guyana and Venezuela. “It is unacceptable to interfere in the internal affairs of Venezuela and any other country, in the problems...
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AMI sees Trinidad gas sales being better off if Biden beats Trump

OilNOW -
Trinidad’s upstream gas sector could use every boost it can get, including Joe Biden’s decision to withhold approvals for new competitive U.S. liquefied natural gas (LNG) export projects.  Americas Market Intelligence (AMI) noted in a recent analysis that Trinidad’s economy...
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Qatar ups gas reserves, announces new North Field West LNG expansion project

OilNOW -
QatarEnergy has announced that it is proceeding with a new liquefied natural gas (LNG) expansion project - North Field West. The project will further raise the State of Qatar’s LNG production capacity to 142 million tons per annum (MTPA)...
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Guyana crude makes trade debut on Platts

Shikema Dey -
For the first time, a cargo of Guyana’s crude traded through the Platts Market-on-Close (MOC) assessment process, S&P Global Commodity Insights said in a Feb. 16. piece by analyst Patrick Harrington.  This comes “exactly three years” after Platts started assessing...
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Exxon could start up standalone gas project offshore Guyana by 2029

OilNOW -
President of ExxonMobil Guyana, Alistair Routledge, told Reuters that gas production in the Stabroek block may be possible in 2029 or 2030.  “By early 2025, we will have done the exploration and appraisal work to understand how comfortable we are...
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Guyana well positioned to tackle local content in some unique ways – WoodMac analyst

OilNOW -
Guyana's efforts to date in promoting local content development in its oil and gas sector earned commendation from industry experts at the Guyana Energy Conference and Supply Chain Expo. Mark Oberstoetter, Head of Upstream Americas (non-L48) Research at Wood Mackenzie...
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Norway firm says analysis shows oil consumption on track to decline with 1.6-1.9°C climate targets

OilNOW -
Chief Executive Officer (CEO) of Rystad Energy, Jarand Rystad said the firm’s analysis shows there is a pathway for the decline in oil consumption to align with global climate targets aiming to limit global warming to between 1.6°C and...
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SBM Offshore’s footprint in Guyana growing larger; 51 new vendors added in 2023

OilNOW -
Fifty-one Guyanese companies were added to SBM Offshore Guyana’s vendor database in 2023, according to Garri Fraser, the company’s Local Content Officer.  Fraser gave insight on SBM Offshore’s local content strides, during the company’s 'Let’s Talk Local Content’ Seminar, held...
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Guyana ‘off-the-charts’ in AMI’s ranking of LATAM investor destinations

OilNOW -
Americas Market Intelligence (AMI) has once again placed Guyana at the top of its eco-political ranking of investment destinations in Latin America. The firm’s ‘Latin America 2024 Outlook: The Good, The Bad And The Ugly’ analysis found Guyana’s score...
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NewsIşıl Güneş -

Suriname’s National Debt Chief resigns amid enhanced financial scrutiny of NDP government 

PARAMARIBO, SURINAME - Malty Dwarkasing has resigned as Suriname’s Administrator-General of the National Debt Office. Dwarkasing submitted her resignation...

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