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Trinidad LNG industry in decline as Guyana eyes pipeline, regional export potential

OilNOW -
Trinidad and Tobago (TT) is one of the region’s largest producers and suppliers of Liquified Natural Gas (LNG), however, the twin-island republic has been experiencing a steady decline over the years. Now, analysts are reporting a more worrying future...
News

Gas pipeline will bring major economic, environmental and social benefits to Guyana – Ramnarine

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When the new administration in Guyana announced last year that it was moving ahead with the planned gas-to-shore project that would be underpinned by the Liza Phase 1 Development at the Stabroek Block, some stakeholders asked - can it...
Exploration

Oil remains biggest prize as 2021 set to see lowest number of wells targeting gas in a decade – Westwood Energy

OilNOW -
Even though the world is witnessing an unprecedented increase in efforts to transition to cleaner sources of energy starting with natural gas, there is still very little evidence of explorers going after this resource for 2021. This is according...
News

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

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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

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

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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...
News

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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Chinese engineering giants among 12 groups vying to build natural gas facility in Guyana

Twelve groups, including several major Chinese engineering firms, have submitted proposals to construct a natural gas liquids (NGL) storage...

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