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High-level Suriname delegation visits UK-based EnerMech at Guyana Shore Base

OilNOW -
Chief Executive Officer of Staatsolie Maatschappij Suriname, Mr. Anand Jaggesar and other senior staff, accompanied by Suriname Minister of Foreign Affairs, International Business and International Cooperation Albert R. Ramdin and Minister of Natural Resources David Abiamofo, recently visited EnerMech Guyana Inc....
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Exxon planning to cut staff by up to 10% at U.S. offices over next 3 to 5 years

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(Bloomberg) -- Exxon Mobil Corp. is preparing to reduce headcount at its U.S. offices by between 5% and 10% annually for the next three to five years by using its performance-evaluation system to suss out low performers, according to...
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Guyana, Suriname will eat up more deep water investments as majors double down

OilNOW -
Consultancy group Wood Mackenzie did a recent analysis on the relevance of future oil and gas exploration in a world where energy companies are being pressured to clean up their act and give way to the energy transition. Under...
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Avoid using oil money as ‘emergency slush fund’, urges financial analyst

OilNOW -
Challenges brought on by unprecedented flooding across Guyana and the impact of the COVID-19 pandemic have seen some sections of the populace calling for government to tap into the Natural Resource Fund (NRF) which currently holds over US$344M in...
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Aberdeen-Guyana Gateway to explore opportunities in South America’s new oil province

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Guyana’s continuing emergence as an energy hub will be explored during an online event which is due to take place on Tuesday, June 22 and Wednesday, June 23. Hosted by Aberdeen-based Granite PR, the Aberdeen-Guyana Gateway will move online for...
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Qatar Petroleum upbeat about increasing its presence in new South America hot spot

OilNOW -
Qatar Petroleum is increasing its presence in the Guyana-Suriname Basin where latest estimates put recoverable oil equivalent resources to well over 20 billion barrels, representing double what has been discovered so far across the new South American oil province. Suriname...
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Sustainable Energy Council announces World Hydrogen Advisory Board of industry leaders

OilNOW -
The London-based sustainable events, business council and training provider has published the initial group of senior decision makers from global companies in the energy and hydrogen industry, who will be a guiding force behind the SEC World Hydrogen Series...
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One Basin Three Nations launches Regional Energy Training and Technology Center

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One Basin Three Nations (OBTN) has launched a new Regional Energy Training and Technology Center based in Suriname, created by joining forces with strategic internationally established industry partners such as MINTRA Group, Technology Catalogue and IN-VR. OBTN’s said its...
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Chevron and Qatar Petroleum consortium win bids for Suriname oil blocks

OilNOW -
Chevron Exploration Suriname Limited and a consortium consisting of TotalEnergies and Qatar Petroleum have submitted the most favourable bids for shallow offshore blocks in Suriname’s recently concluded bid round. State oil company Staatsolie Maatschappij Suriname N.V. said on Friday Chevron...
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WoodMac Analysis: How high can the oil price go in 2021?

OilNOW -
By Simon Flowers - Chairman, Chief Analyst & author of The Edge at Wood Mackenzie Commodities are on a bull run, playing the triple themes of a recovering global economy, a weakening dollar and the possibility of an emerging supercycle. Oil’s...
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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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