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Total, QatarEnergy grab up shallow blocks from Suriname’s 2021 bid round

OilNOW -
Suriname’s state oil company Staatsolie Maatschappij Suriname N.V., TotalEnergies Suriname and QatarEnergy signed production sharing contracts for offshore blocks 6 and 8 on Monday May 8, 2023. In 2021, a Shallow Offshore Bid Round was completed offshore the South American...
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Noble pilots management system on Maersk vessel drilling Wei-1 offshore Guyana

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Noble said it has kicked off the implementation of its management system on the Discoverer rig which is currently drilling CGX’s Wei-1 well offshore Guyana. Discoverer is the first Maersk vessel to test the Noble management system following the...
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Exxon to fund Guyana US$1.2M to support audit of Uaru operations

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ExxonMobil Corporation’s affiliate, Esso Exploration and Production Guyana Limited (EEPGL), is required to submit US$1.2 million to the Guyana government to support its audit of drilling and production operations at the Uaru project. This was outlined in the Petroleum Production...
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Brazil’s Anna Nery FPSO achieves start-up

OilNOW -
Brazil’s Petrobras is ramping up production in its Campos Basin with the start-up of the Anna Nery vessel. Paired with the Anita Garibaldi floating production, storage, and offloading (FPSO) unit, the vessels are an integral part of Brazil’s major revitalisation...
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Guyana government’s 2023 withdrawals from oil fund now at US$400 million

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Guyana’s Senior Finance Minister Dr. Ashni Singh announced that the Government has made its second drawdown this year from the Natural Resource Fund in accordance with the Natural Resource Fund (NRF) Act 2021. The Minister indicated that the withdrawal was...
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MODEC proceeding with first major Exxon deepwater project in 20 years, off Guyana’s coast

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Mitsui Ocean Development & Engineering Company Inc. (MODEC) said on Monday it will proceed with engineering, procurement, construction and installation (EPCI) of the Uaru Floating Production, Storage, and Offloading (FPSO) vessel following a final investment decision on the project by ExxonMobil Guyana...
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Exxon’s petroleum agreement for prolific Stabroek Block expires in October 2026 – Hess President

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Exxon's phenomenal success in the Stabroek Block can see the operator making a multi-billion-barrel addition to the already discovered 11 billion oil-equivalent barrels, once its exploration success keeps pace with what it has been, to date. Over the last...
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Guyana eyes exporting gas from Uaru Project 

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With the Uaru Development Project expected to produce 540 million standard cubic feet of gas per day, Guyanese authorities want ExxonMobil Guyana to conduct a study on the possibilities for export. According to the provisions of the Petroleum Production Licence...
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Guyana government moving to close energy gap between coast and hinterland

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Guyana is set to commence the rollout of the first phase of a project aimed at providing solar photovoltaic (PV) systems for 30,000 homes in hinterland communities starting in July. The announcement was made by Chief Executive Officer of...
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Guyana can tap multi-million-dollar LNG opportunities with Gas-to-Energy project – MP

OilNOW -
Guyanese Member of Parliament (MP), Jermaine Figueira believes the imminent Gas-to-Energy Project will be a game-changer for the South American producer as it is intended to provide a reliable and affordable source of energy for domestic consumption while facilitating...
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Kuwait, Qatar, other long-established producers now trail Guyana in per capita oil output

Countries with some of the world’s most mature petroleum industries now rank behind Guyana in per capita oil production,...

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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