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Guyana appoints new elections chief in bid to shed 2020 distrust

OilNOW -
Since the conclusion of Guyana’s chaotic elections in August 2020, rebuilding confidence in public institutions and in the country as an investment destination has been a key objective of the new government. The Irfaan Ali administration had insisted that...
Exploration

Deepwater plays in giant prospects like Guyana to reign supreme in 2022 rebound – Wood MacKenzie

OilNOW -
While climate change pledges from governments across the world will put some degree of pressure on the oil and gas industry, the upstream sector will still rebound come 2022 says global energy research and consultancy group, Wood Mackenzie. More specifically,...
News

This South American country is looking to attract $19 billion in oil & gas investments

OilNOW -
Developing countries are continuing to focus on commercializing their oil and gas resources so that the much-needed revenues can be used to expand their economies and improve the standard of living for their people. GlobalData said on December 3 that...
News

Large volumes of gas at Stabroek Block, Guyana could become export hub, says AMI analyst

OilNOW -
The Guyana-Suriname basin is the most appealing frontier market opportunity in the world since it features light to medium sweet crude which has low emissions, highly competitive breakevens and offers exploration companies some of the most competitive terms. An...
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Guyana-Exxon partnership will deliver best results for landmark gas to energy project – Dr. Pieters

OilNOW -
The landmark gas to energy project being planned by authorities in Guyana will be best run through the partnership the country has with ExxonMobil since the oil major has vast experience in delivering major projects on time and on...
News

Former Staatsolie boss says large volumes of gas will deliver cheap energy in hottest new basin

OilNOW -
South America’s hottest new basin where billions of barrels of oil discovered over the past six years have brought world-wide attention is set to deliver large volumes of gas says a former head of Suriname state oil company, Staatsolie. “Our...
News

Chevron, Exxon focusing on offshore Americas, from US Gulf to Guyana

OilNOW -
(S&P Global Platts) The largest integrated US producers remain focused on deepwater production in the Americas, from the tried-and-true US Gulf of Mexico to the expanding pioneer fields offshore of Guyana, Suriname, and potentially other South American nations. Chevron and...
News

U.S. to sell 18 million barrels of oil from strategic reserve

OilNOW -
(Reuters) - The U.S. Department of Energy said on Friday it will sell 18 million barrels of crude oil from its strategic petroleum reserve (SPR) on Dec. 17, as part of a previous plan to try to reduce gasoline...
News

Major Guyana projects pushing oilfield service growth – Rystad Energy

OilNOW -
Norway-based Rystad Energy recently examined how an accelerated transition to cleaner fuel sources could impact oil and gas suppliers. Using its own data-driven forecasts for energy supply, the energy research and business intelligence company concluded that a rise of 1.6°C...
Exploration

“The numbers are incredible” – Exxon says of Guyana mega discoveries

OilNOW -
With an average volume of 300 million barrels of oil equivalent per discovery and a record 80 percent success rate, the pioneering oil fields offshore Guyana, particularly at the prolific Stabroek Block, continue to deliver big pay with low...
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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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