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NGC can lend expertise to Guyana, Suriname for gas projects – Chairman

OilNOW -
The National Gas Company (NGC) of Trinidad and Tobago wants to be a partner for emerging natural gas producers in the region, especially in Guyana and Suriname. With global energy shifting towards lower-carbon fuels like natural gas, which is...
News

Primera to drill three wells at Rio Claro license Block onshore Trinidad

OilNOW -
Primera Oil and Gas Limited, a subsidiary of Touchstone Exploration Inc., has formally commenced the Rio Claro license, it said on November 5.  The six-year license includes a financial obligation of US$2.4 million, which covers the execution of five geological...
News

El Dorado announces application period for Marine Cadet scholarships

OilNOW -
El Dorado Offshore, in collaboration with Noble Corporation and MATPAL Marine Institute, announced on November 4, the opening of applications for the Noble Marine Cadet Program, an initiative aimed at empowering young Guyanese for careers in the country’s energy...
News

Guyana, Suriname can meet 11% of mid-2030s LNG supply gap – WoodMac

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Energy data analytics provider Wood Mackenzie said Guyana and Suriname can supply up to 12 million metric tonnes per annum (MMTPA) of liquefied natural gas (LNG) by the next decade.  This output would account for approximately 11% of the anticipated...
Exploration

Touchstone achieves initial production at Cascadura C well pad in Trinidad 

OilNOW -
Touchstone Exploration Inc. has achieved initial production from its Cascadura C onshore well pad during the testing phase. In a November 4 release, Touchstone said it safely commissioned the flowline connecting the Cascadura C surface location to the Cascadura natural...
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Regulator approves MODEC’s plan for local content in Guyana through 2028

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Guyanese regulators have approved MODEC’s Local Content Master Plan 2024-2028.  The plan outlines MODEC's push to integrate Guyanese companies and nationals into its operations for a five-year period. Procurement opportunities for Guyanese companies are already being unveiled, with about 32 announced...
News

Norway subsea firm enters agreement with Suriname oil & gas regulator

OilNOW -
Norway-based subsea service provider, Argeo, has entered into an eight-year agreement for acquisition, processing and sales of multi-client data in Suriname with state oil firm, Staatsolie. The execution of the agreement will be performed in several phases over the contract...
News

Guyana to jostle with OPEC, other players for more market share in 2025 – S&P

OilNOW -
Guyana is expected to compete with some of the world's largest crude oil suppliers, including from the Organization of Petroleum Exporting Countries (OPEC), for more market share next year as they all move to boost output. Benjamin Tang, head of...
News

Guyana oil boom and the explosion of real estate

Alana Nadir -
Like the economy’s developmental trajectory, the Real Estate sector in Guyana has outpaced expectations since the discovery of oil & gas resources in 2015. This momentous find led to a rise in Real Estate prices due to the influx...
News

SBM Offshore welcomes Almirante Tamandaré: Brazil’s Largest FPSO

OilNOW -
SBM Offshore has officially welcomed the FPSO Almirante Tamandaré into its fleet.  This vessel is now the largest floating production storage and offloading unit operating in Brazilian waters, SBM Offshore announced via LinkedIn.  Guyana, Brazil lead FPSO market growth, investment rises...
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Guyana Energy Conference launches essay competition for high schoolers

The Guyana Energy Conference and Supply Chain Expo (GECSCE) has launched its first-ever essay competition, open to Guyanese students...

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