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Huge success for Guyana this year at largest oil conference in the world

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Guyana was well represented at this year’s Offshore Technology Conference (OTC) by a delegation comprising companies, government agencies and business groups that left their mark at the Houston, Texas event where interest in the new oil producing country was...
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South America’s new deepwater players serious about partnership and prosperity

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Following a four-day official visit to Guyana, President of Suriname, Chandrikapersad Santokhi is taking home news of new partnerships with Guyana after extensive meetings with President, Dr. Mohamed Irfaan Ali and the Guyanese government. The two countries have decided to...
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Sinochem submits lowest bid as 15 companies compete to market Liza Crude

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(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...
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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

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

OilNOW -
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...
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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...
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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...
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Guyana oil production could edge closer to one million barrels per day by year-end

ExxonMobil Guyana expects production from the Stabroek Block to climb sharply before the end of 2025, driven by the...

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