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Port of Vreed-en-Hoop investors plug GY$5 million into birding study

OilNOW -
Guyanese consortium NRG Holdings Incorporated, developers of the massive Port of Vreed-en-Hoop Project, has provided GY$5 million to the Guyana Marine Conservation Society to fund a ‘Birding Study’. The donation was received by the Conservation Society on October 15,...
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IEA sees Guyana adding big volumes as world braces for oil market turbulence

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The International Energy Agency (IEA) said in its latest World Energy Outlook (WEO) 2021 report that under its base case 'Stated Policies' (STEPS) scenario, global oil demand exceeds 2019 levels by 2023 then levels off at 104 million b/d...
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How exploration adapts in the transition – Low-carbon tech also needs geoscientists

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By Simon Flowers – Chairman, Chief Analyst & author of The Edge at Wood Mackenzie For over a century, exploration was at the sharp end of the rise of the oil and gas industry. The allure of discovery and huge...
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Reservoir activities in Guyana, other key LATAM locations boost Schlumberger performance

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U.S. oilfield services company Schlumberger reported on Friday that it started the second half of 2021 with strong results, delivering another quarter of sequential revenue growth, a fifth consecutive quarter of margin expansion, and a solid free cash flow...
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S&P Global and IHS Markit merger receives conditional approval

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S&P Global and IHS Markit say they have received a conditional Phase 1 approval for their $44 billion merger from the European Commission (EC), marking another significant step toward the combination of these highly complementary companies. "The European Commission's decision...
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By 2026, 4 FPSOs will deliver 50 million barrels of oil, US$4 billion annually to Guyana – Bharrat

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Guyana’s Natural Resources Minister, Vickram Bharrat, says in the next four to five years Guyana would be well on its way to becoming the “mini-Dubai” of the Caribbean as it will have four oil ships providing considerable production volumes...
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Brent closes week at $85

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(Reuters) - Oil traded just below multi-year highs on Friday with bullish sentiment about low supplies tamped by concerns from world leaders that demand disruptions from the COVID-19 pandemic may not be over. Brent crude futures rose 92 cents, or...
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Giant Yellowtail project to cost over GY$1.8 trillion

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ExxonMobil affiliate Esso Exploration and Production Guyana Limited (EEPGL) will make a Final Investment Decision (FID) on its fourth project to be developed at the Stabroek Block, at Yellowtail, pending government and environmental approvals. Initial estimates have so far indicated...
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Consortium signs multi-client agreement for seismic campaigns offshore Suriname

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TGS, a global provider of energy data and intelligence, in a consortium with CGG and BGP announced on Wednesday the signature of a multi-client agreement with Staatsolie, the state-owned company leading the development of the energy industry in the...
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Guyanese should retain majority stakes, profits in partnerships with foreign businesses – Tucker

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When local and foreign businesses form partnerships to tap into opportunities in the oil and gas sector in Guyana, the Guyanese partner should not just be a majority-owner of the business for it to be considered ‘local’ but should...
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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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