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Analyst encourages Suriname to adopt lessons from Guyana’s oil boom

OilNOW -
In order for Suriname to prudently manage its oil and gas industry, Senior Analyst at America’s Market Intelligence (AMI), Arthur Deakin, is calling for the South American country to take lessons from Guyana’s oil boom. In an analysis released to...
News

Exxon says team on track to reinstall FPSO gas compressor this month

OilNOW -
The newly repaired and upgraded components of the flash gas compression system for the Liza Destiny FPSO have arrived offshore Guyana and are being reinstalled. ExxonMobil Guyana's Public and Government Affairs Advisor, Janelle Persaud, said Friday these include a newly...
News

Marcus Tripp is Exxon’s new Senior Director Public & Gov’t Affairs in Guyana

OilNOW -
Former Senior Director for Government Relations at ExxonMobil’s local affiliate, Esso Exploration and Production Guyana Limited (EEPGL), Marcus Tripp, is the new Senior Director Public & Government Affairs in Guyana, replacing Karen Matusic. Matusic has returned to the United States...
News

Guyana pays more than its fair share to lower global temperature – Vice President

OilNOW -
Guyana’s Vice President, Dr. Bharrat Jagdeo is of the view that the South American country has already met net-zero status in the global efforts to reduce emissions. “In Guyana’s case, because of our huge forest, we are already at net-zero…because...
Exploration

Guyana-Suriname Basin will be important to global energy transition – Hess VP Exploration

OilNOW -
In order for the energy needs of the world to be met, upstream investments will have to significantly increase in the coming years. Deepwater ‘advantaged barrels’ in locations such as the Guyana-Suriname Basin will therefore continue to play a...
News

Carbon pricing initiatives generate US$53B; now apply to over a fifth of global GHG – World Bank

OilNOW -
Based on the World Bank’s latest statistics, carbon pricing appears to be gaining more acceptance and is proving to be a cost-effective policy tool in combating climate change. According to the financial institution’s latest report called State and Trends of...
News

Maersk secures two-well contract extension in Brazil

OilNOW -
Karoon Energy Ltd has exercised an option to add the drilling of two development wells at the Patola field offshore Brazil to the work scope of the semi-submersible rig Mærsk Developer. The work is expected to commence in the...
Exploration

Russia Deputy Prime Minister says IEA’s net zero plan could push oil price to $200

OilNOW -
Russia Deputy Prime Minister Alexander Novak says the International Energy Agency (IEA)’s call for a halt to global oil and gas developments could push oil prices to $200 a barrel. “If the international energy agency's decision to avoid financing new...
Exploration

Scale of resources, production potential at Suriname’s Block 58 “bigger than big” says APA official

OilNOW -
All eyes are on Suriname’s Block 58 where four of the country’s five offshore discoveries have been made to date and the scale of the resource volume and production potential is said to be “bigger than big” according to...
News

EPA explains public engagement process as meetings for Yellowtail Development continue

OilNOW -
The Environmental Protection Agency (EPA) is emphasising the importance of public participation in the ongoing scoping meetings for ExxonMobil’s Yellowtail Development Project. The Agency said the consultations provide an opportunity for questions and concerns from members of the public...
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Latest News

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Wales Gas-to-Energy project accelerates with 120 day foundation plan

Guyana’s Gas-to-Energy project at Wales is entering a crucial phase as contractor Lindsayca Guyana pushes to complete all foundation...

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