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Guyana’s flagship energy conference opens; ignites discussions on fueling transformation and modernization

OilNOW -
The third edition of what is now rebranded as the Guyana Energy Conference and Supply Chain Expo commenced with grandeur on Monday as President Dr. Mohamed Irfaan Ali officially opened the event at the Marriott Hotel, Kingston, Georgetown. The...
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“We have been doing this for a century” – Mallon addresses safety concerns about Gas-to-Energy pipeline

Shikema Dey -
ExxonMobil's track record of safety in the laying of gas pipelines was underscored on Monday by the President of its Upstream Company Liam Mallon. “I’ve heard talk about the risks of the Gas-to-Energy pipeline. I’ll remind you that 2024...
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Guyana aims to be top NGL supplier for Brazil’s Roraima, Dominican Republic, and CARICOM

Kemol King -
Guyana’s Gas-to-Energy project has generally been marketed as a huge benefit for the domestic economy. However, the government is rolling out plans for the natural gas liquids (NGL) from the project to capture the markets of the entire Caribbean...
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Qatar’s Assets Group breaks ground on major Seafront Resort and Convention Centre in Guyana

OilNOW -
In a boost to Guyana's tourism and hospitality sector, the Georgetown Seafront Resort and Convention Centre's groundbreaking ceremony was held on Sunday in the country's capital city, Georgetown. The complex, to be developed by Qatari company Assets Group Inc., is...
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TotalEnergies keen on managing costs; not opposed to delaying Suriname development

Shikema Dey -
Delaying Suriname’s first oil development is an option for Block 58 operator TotalEnergies. Costs are seen as fundamental in this decision, its Chief Executive Officer, Patrick Pouyanne told investors on Feb. 7 during a Q4 2023 earnings conference. He said that...
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Guyana working with U.S., UK, France, Caricom and others to ensure peace in region – Ali tells Newsweek

Shikema Dey -
South America’s rising oil giant Guyana is working with a large and diverse group of countries to build a robust mechanism in pursuit of peace and stability in the region. “We're taking seriously every threat by Venezuela. We're not taking...
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World needs more investments in oil production no matter the speed of energy transition – Rystad Energy

OilNOW -
Despite great uncertainty in new long-term scenarios envisioned by Norwegian energy research and intelligence firm, Rystad Energy, further investments in oil production are definitely needed to meet the next three decades of demand. “If investments in oil production were to...
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Transocean secures lucrative contracts for three drilling rigs, boosts backlog to US$9 billion

OilNOW -
Offshore drilling contractor Transocean has announced significant contract acquisitions for three of its drilling rigs, enhancing its quarterly fleet status report with a notable boost in backlog to approximately US$9 billion. Transocean to deploy ultra-deepwater drillship for US$518M GoM job...
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Frontera sets 2024 CAPEX at US$272-335 million

OilNOW -
Frontera Energy Corporation revealed its financial plan for 2024 on Feb. 15 and the results of its performance during Q4 2023.  Key projections for 2024 include consolidated operating earnings before interest, taxes, depreciation, and amortization (EBITDA) of US$400-450 million at...
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Guyana willing to help deal with Tobago oil spill – Jagdeo

OilNOW -
Guyana Vice President Bharrat Jagdeo said Guyana is willing to help Trinidad and Tobago with the oil spill that is affecting the smaller island.  “It has become an international event - a tier 3 event. So, a number of international...
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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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