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TotalEnergies exiting Myanmar as coup worsens

OilNOW -
Following the February 1, 2021, coup in Myanmar, TotalEnergies said it has firmly condemned on several occasions the abuses and human rights violations taking place there. The company said since then its decisions have been guided by clear principles:...
News

EPA amends Liza Phase Two Permit to include US$45 flaring payment

OilNOW -
With the Liza Phase Two Project scheduled for start-up this quarter, Guyana’s Environmental Protection Agency (EPA) has found it prudent to make some critical modifications to the permit issued to Operator, ExxonMobil. In the permit modified and signed on January...
Exploration

Exxon looking to hit pay at Patwa-1

OilNOW -
Patwa-1 is the latest prospect to be targeted by ExxonMobil at the Stabroek Block offshore Guyana where over 10 billion barrels of oil equivalent resources have already been found. OilNOW understands the Noble Sam Croft will be engaged in drilling...
News

Brazil, Suriname to cooperate on local content, renewable energy opportunities

OilNOW -
The historic meeting on Thursday between Heads of State for South America’s oil and gas producers, specifically President of the Republic of Suriname, H.E. Chandrikapersad Santokhi and President of the Federative Republic of Brazil, H.E. Jair Messias Bolsonaro, has...
News

Tristar to acquire additional 300 acres of land for major shorebase project in Guyana

OilNOW -
Guyanese company Tristar is in the process of acquiring an additional 300 acres of land in Versailles, West Bank Demerara. OilNOW understands the 300 acres will support the operations of the West Demerara Shorebase project with options for storage...
News

Gas-to-Power Project could change cement manufacturing economics for Guyana – Exxon

OilNOW -
While there are currently no cement manufacturing operations in Guyana due to the high cost of energy and other barriers, the imminent Gas-to-Power Project could soon change the economics for the country in this regard. This is according to ExxonMobil’s Comprehensive...
Exploration

Guyana-Suriname Upper Cretaceous play delivered the goods in 2021

OilNOW -
Frontier exploration drilling fell to its lowest level since 2008 with only 15 frontier wells being completed and only one making a potentially modest sized commercial discovery according to a report released this week by energy market research and...
News

Oil continues rally as Brent hits $88

OilNOW -
(Reuters) - Oil prices settled higher on Wednesday after a fire on a pipeline from Iraq to Turkey briefly stopped flows, increasing concerns about an already tight short-term supply outlook. Flows have resumed through the Kirkuk-Ceyhan pipeline that carries crude...
News

Eco Atlantic makes strategic share purchase in Canje Block ahead of 12-well campaign

OilNOW -
Eco (Atlantic) Oil & Gas Ltd. which holds a working interest in the Orinduik Block appears to be positioning itself for greater benefits with the recent purchase of additional shares in JHI Associates Inc. JHI is a private Canadian-based...
News

‘If not now, then when’: Guyana gov’t targeting 50 million barrels by 2026

OilNOW -
The number of major oil projects to be sanctioned globally in 2022 is anticipated to be in the mid-30s, double the 2021 figure and higher than pre-covid levels; a possible sign of an ‘if not now, then when’ mentality,...
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Jennifer Geerlings-Simons makes history as Suriname’s first female President amid offshore oil plans 

PARAMARIBO-SURINAME: Suriname’s National Assembly convened on Sunday to elect the country’s next president in an important parliamentary session. In...

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