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Is OPEC courting Brazil? Secretary-General to visit South America’s biggest oil producer

OilNOW -
Haitham Al Ghais, Secretary-General of the Organisation of Petroleum Exporting Countries (OPEC) is set to visit South America’s largest oil producer - Brazil, according to Petrobras.  The invite was extended by Petrobras’ Chief Executive Officer (CEO) Jean Paul Prates, after...
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Despite push for renewables, oil remains leading investment sector in Latin America, Caribbean – ECLAC report

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Oil’s importance continues to be seen as it remains a leading sector in terms of future investment prospects in Latin America and the Caribbean, notwithstanding the worldwide push for renewables. This point was underscored in a recent report by...
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UPDATED: Guyana’s meteoric rise mirrors 20th century economic boom of Saudi Arabia, Venezuela – historian

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Historian of oil, modern Iran, and United States foreign policy, Dr. Gregory Brew says Guyana’s quick movement up the geopolitical pecking order bears stark parallels to two other oil-rich nations when their economic booms began in the 20th century –...
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Sloanea-1 find in Suriname’s Block 52 “promising” as gas development – Staatsolie Annual Report

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PETRONAS and ExxonMobil’s Sloanea-1 find in Suriname’s offshore Block 52 has “promising” potential to become a natural gas development, according to the state-owned oil company Staatsolie.  “Current models of the Guyana-Suriname Basin, as well as discoveries made to date, indicate...
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Hess awarded E&P Explorer of the Year for second consecutive year

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Energy company Hess has been named E&P Explorer of the Year for the second year in a row, as revealed in the 15th annual Wood Mackenzie exploration industry survey. Its Exploration Director, Tim Chapman made the announcement on July...
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TOTALTEC now 100% Guyanese, receives Local Content Certificate

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TOTALTEC Inc. has successfully transitioned to becoming a 100% Guyanese-owned company. CEO Lars Mangal recently announced this significant development, detailing the Guyanese founder’s acquisition of the entire share capital of TOTALTEC from its international, angel investors in May. This...
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Mohameds deny allegations in Reuters report

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In the midst of a burgeoning controversy, Guyanese businessmen Nazar Mohamed and his son, Azruddin, partners in a multimillion-dollar venture to build ExxonMobil a shore base in Guyana, have refuted allegations of money laundering, drug trafficking, and gold smuggling....
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CNOOC awards scholarships to four Guyanese students

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CNOOC Petroleum Guyana Limited (CPGL) has awarded scholarships to four students from Guyana to pursue studies in Petroleum Sciences in China for the academic year 2023-2024. These four promising scholars—Nechemiyah Levans, Aria Matthews, Ishika Singh, and Nazeela Williams—are the...
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Tullow, partners successfully start-up Jubilee South East project

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Tullow, alongside its joint venture partners Kosmos Energy, Ghana National Petroleum Corporation, Petro SA and Jubilee Oil Holdings, has announced the successful start-up of the Jubilee South East (JSE) Project, offshore Ghana. The first JSE production well has been brought...
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New Guyanese consortium acquires stake in Newrest Guyana

OilNOW -
Guyanese Achieving Together Enterprises (GATE), a consortium of local catering and food service operators, has purchased a substantial equity stake in Newrest Guyana, the country's premier offshore caterer and food supplier to the oil and gas sector. This acquisition comes...
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Petronas adds Roystonea-2 to Suriname exploration campaign

PETRONAS has added the Roystonea-2 appraisal well to its exploration program in Block 52 offshore Suriname, according to Staatsolie. Staatsolie...

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