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TotalEnergies comes out swinging with US$9 billion investment proposal for first Suriname development

Shikema Dey -
Deepwater oil development offshore Suriname is finally coming. TotalEnergies on Sept. 13 announced plans to plug US$9 billion in a Block 58 development to extract the massive oil finds hidden in the Sapakara South and Krabdagu fields - close to...
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Six groups submit bids as Guyana closes first-ever offshore licensing round

OilNOW -
Guyana’s National Procurement and Tender Administration Board (NPTAB) opened bid documents from six groups vying for the country’s offshore oil blocks. Majors ExxonMobil and TotalEnergies, which already have interests in the jurisdiction, are among the set.  The groups are: 1. TotalEnergies,...
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Exxon drilling Guyana appraisal well at gas field near Suriname border

OilNOW -
According to Guyana’s Maritime Administration Department, ExxonMobil is utilising the Stena DrillMax to conduct drilling at Haimara-2, an appraisal well with potential high-quality, gas-condensate resources. The oil major has said technical work is being done with updates provided to the...
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Five bids for Guyana oil refinery shortlisted and ranked

OilNOW -
Of 11 bids submitted to build and operate a modular oil refinery in Guyana, the government is now in possession of a list of five qualifiers, according to a Ministry of Finance 2023 Mid-Year report. “These contenders are now ranked,...
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‘Poverty in this environment is unacceptable’ – Guyana Opposition proposes minimum livable income

OilNOW -
Amidst Guyana's promising economic trajectory from newfound offshore oil resources, the opposition has made its stance clear: "Poverty in this environment is totally unacceptable," declared Elson Low, the Economic Policy Advisor to the opposition. What’s their solution? A minimum livable...
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Bp’s CEO Bernard Looney resigns amid probes about personal relationships with staff

OilNOW -
Bp has announced the immediate resignation of Bernard Looney as Chief Executive Officer (CEO). The company's Chief Financial Officer (CFO), Murray Auchincloss, will take on the role of CEO on an interim basis. Looney's departure follows a series of allegations...
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Qatar Emir touches down in Guyana, inks three cooperation agreements to bolster partnership between oil nations

OilNOW -
Oil nations Qatar and Guyana strengthened relations with the signing of new agreements overseen by the Emir, Sheikh Tamim bin Hamad Al-Thani, and President Dr. Mohamed Irfaan Ali on Sept. 12.  This is the Emir’s first visit to Guyana. It...
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Amazon Warriors are talismans for Guyana’s rise – Routledge as sponsorship renewed for 7th year

OilNOW -
The Guyana Amazon Warriors (GAW) were deemed the talismans for their home country's rise on the global scene by ExxonMobil Guyana Limited President, Alistair Routledge as he announced the company's full sponsorship for the 2023 team.  "We are so excited...
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With unparalleled oil sector growth, outlook for Guyana better than ever before – IMF

OilNOW -
With the Guyana government accelerating the implementation of several reform programmes alongside the unparalleled expansion of the oil sector, the International Monetary Fund (IMF) finds that the country will continue to see very rapid growth. In fact, the financial...
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Migration policy in the works to address importation of labour for oil sector – Guyana President

OilNOW -
Labour has become scarce in Guyana, because of its oil boom. So much so that international oil companies are being forced to import what they need because simply put, the capacity does not exist in the new oil-producing nation. To...
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High-tech seismic campaign offshore Guyana to wrap up in December

ExxonMobil Guyana will complete its latest seismic data acquisition campaign in December, marking the end of a months-long effort...

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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