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China’s CNOOC makes it clear Guyana assets not in any “disputed” area

OilNOW -
Zhou Xinhua, President and Chief Executive Officer (CEO) of CNOOC, said its developments in Guyana are not in any “disputed” area.  The top official of the 25% Stabroek block stakeholder responded to a question about Guyana’s border controversy with Venezuela...
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NV Havenbeheer Suriname invites proposals for port exploitation in Paramaribo

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NV Havenbeheer Suriname, the Suriname Port Management Company, has issued a request for proposals (RFP) for the exploitation of available land and port facilities in the Dr. Jules Sedney Port of Paramaribo, Suriname. It said that the objective of the...
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Hess reports 17% dip in net income in Q423

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Hess Corporation recorded a decline in net income for the fourth quarter of 2023. The net income stood at US$413 million, or $1.34 per share, a 17% decrease from US$497 million, or $1.61 per share, in the fourth quarter...
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Jagdeo not surprised Venezuela violated Barbados agreement

Shikema Dey -
Guyana’s Vice President, Bharrat Jagdeo, is not surprised that the Nicolas Maduro regime has violated the Barbados agreement, which outlines requirements for free and fair elections in the South American country. After all, Maduro does not accept the sanctity...
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Exxon registers 18% hike in Guyana, Permian production, despite 54% drop in annual net profit

OilNOW -
ExxonMobil (XOM), the U.S. mega major, disclosed a 54% decline in its annual net profit, reporting US$36 billion for 2023. Despite maintaining oil and gas production levels consistent with 2022, upstream oil and gas price realizations contributed to the...
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Liza field will go offline later this year for hook up of gas pipeline – Exxon

Shikema Dey -
Downtime for ExxonMobil’s Liza field is expected in the second half of 2024, said Chief Financial Officer (CFO) Kathy Mikells, to facilitate Guyana’s Gas-to-Energy (GtE) project.  “At some point in the second half, we are working on the Gas-to-Energy project...
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Despite anti-fossil fuel push, Jagdeo ‘strongly’ expects U.S. to grant Guyana loan for gas project

OilNOW -
In the face of environmental activism, Guyana's Vice President Bharrat Jagdeo remains 'strongly' optimistic about securing a US$660 million loan from the United States EXIM Bank for the country's Gas-to-Energy project. This project aims to transform Guyana's energy sector...
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Sale of two December cargoes to add US$149 million to Guyana oil fund in Q124

OilNOW -
Following earnings of US$1.617 billion in 2023, the Bank of Guyana said it expects Guyana’s oil fund (the Natural Resource Fund) to receive payments for two lifts of oil produced in December. The lifts, each approximately a million barrels of...
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Petrobras completes Pitu Oeste well drilling, identifies hydrocarbons in Potiguar basin

OilNOW -
Brazil's Petrobras announced the successful completion of drilling at the Pitu Oeste exploratory well in the Potiguar basin, located in the Equatorial Margin. It is one of five promising offshore regions that Petrobras aims to investigate as part of...
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U.S. Air Force General on Guyana visit – embassy

OilNOW -
U.S. Air Force Major General Evan L. Pettus, 12th Air Force (Air Forces Southern) Commander, will visit Guyana from January 31 – February 2, the U.S. Embassy in Guyana said in a Feb. 1 release.  The embassy said, “12th Air...
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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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