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Staatsolie targeting 20% stake in Block 58 project – Managing Director 

Shikema Dey -
Staatsolie, the state-owned oil company of Suriname, could participate with up to 20% stake in the inaugural field development at Block 58. And it will go this route, according to its Managing Director, Annand Jagesar. “For sure we will participate...
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Touchstone commences drilling of Cascadura-3, CO-374 development wells

OilNOW -
The Trinidad-focused Touchstone Exploration has commenced drilling the Cascadura-3 and the CO-374 development wells, it said in a March 4 update. Cascadura-3 was spud on March 1 from the Cascadura C surface location on the Ortoire Block in which Touchstone...
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SBM Offshore on track to deliver ‘near zero emission’ FPSO to market in 2025

OilNOW -
Bruno Chabas, Chief Executive Officer (CEO) of SBM Offshore, says the company is on track to deliver a near zero emission floating production, storage and offloading (FPSO) vessel next year. “The carbon capture solution developed in partnership with Mitsubishi Heavy...
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Exxon points to major upcoming milestones in South America hotspot

OilNOW -
Liam Mallon, President of ExxonMobil's Upstream Company, recently highlighted significant upcoming milestones the oil major is targeting in Guyana. He sat down with OilNOW on Feb. 20 on the sidelines of the Guyana Energy Conference and Supply Chain Expo.  Mallon...
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Maduro’s missteps sour U.S.-Venezuela relations, threaten Barbados Accord – AMI

Shikema Dey -
Juan González, the National Security Council's senior director for the Western Hemisphere, is set to resign in mid-March 2024, signaling a potential shift in U.S. policy towards Venezuela. González's departure comes amidst growing disillusionment with Venezuelan President Nicolás Maduro's...
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Shell, ExxonMobil in JV for Singapore carbon capture project

OilNOW -
Shell and ExxonMobil have announced a joint venture (JV) for a significant carbon capture project in Singapore, to help the city-state's decarbonization ambitions. The project, led by the S-Hub consortium which includes ExxonMobil Asia Pacific Pte Ltd and Shell...
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ExxonMobil Guyana to establish coastal telecommunications station for gas pipeline operations

OilNOW -
ExxonMobil Guyana Limited (EMGL) has announced plans to establish a telecommunications coastal station in the Georgetown area to support operations related to the Gas-to-Energy pipeline. The station aims to facilitate communication and monitoring efforts crucial for pipeline operations and...
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SBM Offshore calls 10-year Guyana O&M deal “a new benchmark” for clients

OilNOW -
A deal SBM Offshore signed with ExxonMobil can set the stage for a new cadre of terms and conditions for relationships with its clients, the company said in its 2023 annual report.  “The 10-year Operations and Maintenance Enabling Agreement (“OMEA”)...
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APA to focus on Baja-1 discovery area; relinquishes remainder of block 53

OilNOW -
APA Suriname Corporation LDC and its collaborators the Spanish CEPSA and Petronas have opted to return a portion of block 53 in the Surinamese offshore region to Staatsolie Maatschappij Suriname N.V., as detailed in a recent announcement by Staatsolie....
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Guyana’s territory will never be platform for war, Ali tells CELAC Summit

OilNOW -
In an address at the VIII Summit of the Community of Latin American and Caribbean States (CELAC), held in St. Vincent and the Grenadines, Guyana's President, Dr. Mohamed Irfaan Ali, discussed the nation's commitment to peace and stability within...
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Chinese oil and gas giant CNOOC eyes greater role in Trinidad and Tobago’s energy sector

Executives from China National Offshore Oil Corporation (CNOOC) this week met with Trinidad and Tobago’s Ministry of Energy and...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

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