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Suriname’s shallow offshore bid round expected to attract strong interest – Geo Expro 

OilNOW -
Suriname's second shallow offshore bid round is poised to garner significant attention from the global petroleum industry. The bid round offers lucrative opportunities in an area sandwiched between two major petroleum provinces, according to Geo Expro - a geoscientist...
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Western Logistics looking to service Suriname’s oil sector by Q2 2024

OilNOW -
Come Q2 2024, Western Logistics is looking to be fully operational in Suriname after years of demonstrating its prowess in Guyana’s oil and gas industry.  Its Chief Executive Officer (CEO), Pradeep Ramoutar, disclosed the company’s plan in an update to...
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Noble Sam Croft drilling Hatchetfish-1 well at Stabroek Block

OilNOW -
The Noble Sam Croft vessel is currently undertaking drilling operations at the Hatchetfish-1 well in Guyana’s Stabroek Block, operated by ExxonMobil.  According to the Maritime Administration Department (MARAD) the drillship is being assisted by 23 vessels. Those include Deep Ocean’s...
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Dispute over Hess stake in Stabroek block could lock Chevron out of Guyana

Kemol King -
A dispute over Hess Corporation's stake in the Stabroek block off the coast of Guyana threatens to sideline Chevron Corporation from its planned acquisition of Hess, potentially locking it out of Guyana. Chevron announced the agreement with Hess Corporation...
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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

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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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Exxon, Guyana push for joint planning on Berbice gas-fed industries

ExxonMobil Guyana Commercial Manager Paul Foster on Tuesday said that there are unique advantages to investing in Guyana, as...

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