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US Gulf of Mexico to hit new production record this year

OilNOW -
By Ed Crooks - Vice-Chair, Americas, Wood Mackenzie Platforms coming on stream will take US deepwater output to a record high in 2022. But new entrants have been wary of moving into the region. When British cartographers mapped what was to...
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Oil locks Guyana in “boom cycle”; forecast to achieve world’s highest GDP growth rate

OilNOW -
Guyana’s development partner, the World Bank, has noted that the South American nation is locked in a “boom cycle” due to its oil resources and is therefore projected to achieve the highest Gross Domestic Product (GDP) growth rate in...
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SBM Offshore launches mangrove restoration project in Guyana

OilNOW -
SBM Offshore in collaboration with the National Agricultural Research and Extension Institute (NAREI), on Tuesday officially launched the Annandale/Friendship Mangrove Restoration Project in Guyana. The project launch and stakeholders’ engagement was hosted at Tipperary Hall, Buxton, East Coast Demerara and...
Exploration

Maersk Drilling awarded one-well extension for Suriname campaign

OilNOW -
TotalEnergies E&P Suriname, Suriname Branch has exercised an option to add the drilling of one additional well in Block 58 offshore Suriname to the work scope of the drillship Maersk Valiant. The contract extension has an estimated duration of 100...
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Guyana Private Sector Commission says local content law not in violation of regional Treaty

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Guyana’s Private Sector Commission (PSC) said on Thursday that the country’s local content law does not violate the Revised Treaty of Chaguaramas, the central document which governs the establishment of the Caribbean Community (CARICOM). Members of the business service organisation...
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Media report on oil block ‘recklessly repeats malicious distortion’, says former Guyana Prime Minister

OilNOW -
Former Prime Minister of Guyana Samuel Hinds, now the country’s Ambassador to the USA and OAS, says a report which appeared in several sections of the media on the offshore Canje block recklessly repeats malicious distortion of the facts. Below...
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Beharry says he fully supports Guyana’s local content legislation, denies being tasked with lobbying government for changes

OilNOW -
Guyanese businessman Suresh Beharry, Chairman of Edward B. Beharry and Company Limited, said on Thursday he fully supports the South American country’s Local Content Legislation and is in no way playing a role in lobbying the Guyana government for...
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CNOOC excited about Liza Phase Two start-up; outlines 2022 business strategy

OilNOW -
China National Offshore Oil Corporation (CNOOC) which has a 25 percent working interest in the Stabroek Block, outlined on Tuesday, key details of its 2022 business strategy. The company said that it has 13 new projects coming on stream that...
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Whirlwind of condemnation from Guyana private sector over objections to local content law from regional group

OilNOW -
Private sector representatives in Guyana are outraged over a leaked email from Chairman of the CARICOM Private Sector Organization (CPSO), Gervase Warner, who is quoted as stating that Guyana’s Local Content Law contains several provisions that are in contravention...
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CNOOC raising oil, gas output by 6% this year

OilNOW -
(S&P Global Platts) China's offshore giant CNOOC targets to lift its oil and gas output by 6% on the year to 1.66 million boe/d in 2022, with most of its effort to go into boosting domestic production, CFO Xie...
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Guyana Electric boosts grid reliability with specialized high-voltage training

Guyana Electric has launched specialized training courses in medium and high-voltage cable terminations and joints, aimed at improving installation...

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