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Sinochem submits lowest bid as 15 companies compete to market Liza Crude

OilNOW -
(S&P Global Platts) Guyana is expected to pick its new crude oil marketer from a list of 15 companies that submitted bids to the procurement authority of the South American nation, an official said on August 20. The Permanent Secretary...
News

Canada’s most prolific gas producer, other O&G companies planning to grow production

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(S&P Global Platts) Multiple Canadian companies, including the country's most prolific natural gas producer, plan on growing volumes and capital spending in the quarters ahead, in a stark contrast from major US oil and gas operators prioritizing fiscal discipline...
Exploration

Platts panel talk up Guyana deepwater oil prospects

OilNOW -
Updated August 21, 2021 “So, it's like the western hemisphere's Abu Dhabi in a sense” Guyana – the biggest oil story in the last decade – remains the centre of attention in any discussion on deepwater prospects in the western hemisphere....
News

Oil posts biggest week of losses in nine months

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(Reuters) - Oil prices closed out their biggest week of losses in more than nine months with another down day on Friday, as investors sold futures in anticipation of weakened fuel demand worldwide due to a surge in COVID-19...
News

Investments and opportunities growing in South America’s new oil producing nation

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With Guyana approaching its second year as an oil-producing nation, the small South American country, with a population of approximately 750,000 continues to see increasing benefits from its resource-rich Exclusive Economic Zone (EEZ), in which its vast oil fields...
News

Guyana, Suriname exploring unification of economic spaces – senior minister

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The Presidents of Guyana and Suriname, Dr. Mohamed Irfaan Ali and Chandrikapersad Santokhi, have discussed at length, ways in which the two countries can unify their economic spaces. So said senior minister in the Office of the President with responsibility...
News

Argentina introduces gas plan too late, now forced to purchase LNG at record high prices, says GlobalData

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Argentina’s Plan Gas IV, which aimed to incentivize natural gas production in the country, was introduced too late, according to GlobalData. The data and analytics company notes that the plan’s delays have meant production has not ramped up enough...
News

Oil drops as Delta variant spreads

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(Reuters) - Oil prices were down for a seventh straight session on Friday near three-month lows and heading for a weekly loss of over 7% as new lockdowns in countries facing surging cases of the COVID-19 Delta variant dampened...
News

Guyana, Suriname discoveries span around 100 million years of deposition – Exxon Senior VP

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The unprecedented discoveries in the Guyana-Suriname Basin formed the basis of discussions on day 3 of the Offshore Technology Conference at a session where key stakeholders shared their views and talked about upcoming exploration and production campaigns. Chief among...
News

Guyana-Suriname Joint Communique

OilNOW -
JOINT COMMUNIQUE ISSUED ON THE CONCLUSION OF THE OFFICIAL VISIT TO GUYANA BY HIS EXCELLENCY CHANDRIKAPERSAD SANTOKHI, PRESIDENT OF THE REPUBLIC OF SURINAME  AUGUST 17-20, 2021 At the invitation of His Excellency Dr Mohamed Irfaan Ali, President of the Cooperative...
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Energy InsightsChevy Devonish -

The Oil Pollution Prevention, Preparedness Response and Responsibility Act: Liability 

In my last piece, I gave an overview of Guyana’s new Oil Pollution Prevention, Preparedness Response and Responsibility Act...

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