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Hess hoping for approval of 6th development at Stabroek Block by end of next year

OilNOW -
Chief Executive Officer of Hess Corporation, John Hess, said he hopes that by the end of 2023, approval will be secured for ExxonMobil to place its sixth floating production storage and offloading (FPSO) vessel at the Stabroek Block. Hess is...
News

UK launches first CO2 storage licensing round, bidding to be ‘global leader’

OilNOW -
(S&P Global Platts) The UK on June 14 launched its first CO2 storage licensing round aimed at supplementing existing licenses and becoming a "global leader" in the field, with as many as 100 storage sites eventually needed. Regulator, the North...
News

Guyana taking right steps to avoid pitfalls of oil producing nations, says British High Commissioner

OilNOW -
With only two and a half years as an oil producer, Guyana has been taking firm steps to steer clear of the commonly made mistakes and pitfalls of the petroleum industry thus far. This, according to the British High Commissioner...
News

Incredible growth rate makes Guyana number one investment destination in the region – Go-Invest CEO

OilNOW -
When the World Bank released its latest global economic forecast, the President of the international institution David Malpass wrote that for many countries, “recession will be hard to avoid.” In that same report, the World Bank projected that Guyana is...
Exploration

Public hearing for June 30 on Exxon’s 12-well drill campaigns for Kaieteur, Canje Blocks

OilNOW -
Guyana’s Environmental Assessment Board (EAB) is set to hear concerns surrounding ExxonMobil’s planned 12-well drill campaigns for the Kaieteur and Canje offshore blocks on June 30. A notice published by the EAB on Monday outlined that the public hearing will...
Discoveries

APA shares fall 4% after encountering water-bearing reservoirs offshore Suriname

OilNOW -
APA corporation, an affiliate of Apache Corporation, said it encountered water-bearing reservoirs at Rasper well in the northwestern area of Suriname’s Block 53. “The well encountered water bearing reservoirs in the Campanian and Santonian intervals, evaluation of the open hole well...
Exploration

Guyana oil could help meet global demand for next 20-30 years

OilNOW -
Even as the world transitions to renewable energy, demand for fossil fuels will remain robust over the next 20-30 years. Guyana’s low cost, low carbon barrels are best positioned to meet this demand and the South American country has...
Exploration

T&T intent on ramping up natural gas production to highest levels possible

OilNOW -
While some international groups have advised that nations move swiftly towards the diversification of their energy mix with renewable resources taking the lead, Trinidad and Tobago’s Prime Minister, Dr. Keith Rowley, said his home country is taking a different...
News

TotalEnergies to partner with QatarEnergy for world’s largest LNG project

OilNOW -
Following the request for proposals in relation to partner selection for the North Field East (NFE) liquified natural gas project, TotalEnergies has been awarded a 25% interest in a new joint venture (JV), alongside national company QatarEnergy (75%). The...
News

Ali says T&T must be part of the solution to declining natural gas reserves in North America

OilNOW -
Against the backdrop of a decline in proven natural gas reserves in North America, Guyana's President, Dr. Mohamed Irfaan Ali is advocating for Trinidad and Tobago’s gas reserves to be part of the solution. The Head of State made...
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Suriname’s National Debt Chief resigns amid enhanced financial scrutiny of NDP government 

PARAMARIBO, SURINAME - Malty Dwarkasing has resigned as Suriname’s Administrator-General of the National Debt Office. Dwarkasing submitted her resignation...

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