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Development of mega Guyana-Suriname shore base facility must be pursued – Staatsolie boss

OilNOW -
With Guyana and Suriname poised for significant expansion in their offshore oil exploration and production activities, the need for adequate shore base facilities will become more pressing and therefore needs to be urgently addressed. This point was raised on...
News

Guyana government in discussion with oil company on deepwater harbour project

OilNOW -
The Guyana government has commenced discussions on the much-anticipated deepwater harbour being developed in Berbice by an oil and gas operator. Minister within the Ministry of Public Infrastructure, Deodat Indar, during a Globespan24X7 interview on March 15, disclosed that...
News

Petroleum Commission to be in place by year-end – Natural Resources Minister

OilNOW -
Guyana’s Minister of Natural Resources, Vickram Bharrat has assured that Guyana can look forward to having a fully functional Petroleum Commission in place by the end of the year. He said efforts are also being made to ensure robust...
News

Hess to plug $150 million more into Guyana operations from sale of Denmark assets

OilNOW -
Hess announced today that it has entered into an agreement to sell its subsidiary Hess Denmark ApS, which holds a 61.5% interest in the South Arne Field, to Ineos E&P AS for a total consideration of $150 million, effective...
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BP facing heavy oil, drilling delays at flagship UK fields

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(S&P Global Platts) BP's flagship Clair and Schiehallion oil fields in the UK West of Shetland area have both been performing below expectations, with remedial measures such as new drilling expected to take time to implement, minority stakeholder Chrysaor...
Exploration

Disappointment for Tullow as Suriname well fails to deliver commercial crude

OilNOW -
Tullow Oil said on Thursday the Goliathberg-Voltzberg North (GVN) exploration well, drilled in Block 47, offshore Suriname, has reached total depth and encountered good quality reservoir but only minor oil shows. The Stena Forth rig drilled the GVN prospect to...
News

Guyana mega discoveries, exploration potential shine at opening of oil summit

OilNOW -
Guyana’s oil basin took center-stage as the virtual ‘Guyana Basins Summit 2021’ opened on March 17 with presenters declaring that the nation’s vast hydrocarbon resources could propel rapid development of the petroleum industry across the Guianas in north-eastern South...
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President ramps up call for investment in pursuit of Guyana’s prosperity

OilNOW -
Guyana’s President, Dr. Irfaan Ali has reiterated his position that both foreign and domestic investment are pivotal to the country’s development and success and stressed that without this, the country’s resources are useless to its people. During his address at...
News

Guyana to become energy epicentre of Western Hemisphere – President Ali

OilNOW -
Given the resource development model his government intends to roll out, President of Guyana, Dr. Mohamed Irfaan Ali, confidently asserted today that Guyana will no doubt emerge as the economic and energy epicentre of the Western Hemisphere. The Head of...
News

Stena DrillMAX to spud Sapote-1 later this year, drilling at Jabillo to continue in May

OilNOW -
Oil exploration at the Canje Block offshore Guyana is moving into high gear with drilling at one well already completed, another underway and a third to be targeted later this year in what analysts say is a major foray...
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Kumu’s new small-scale hydropower plant now operational

Guyana commissioned a new 1.5 megawatt (MW) hydropower station in the southeastern community of Kumu on Friday, part of...

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