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Suriname looking to follow Guyana in major oil production ramp up, no plans to delay

OilNOW -
Suriname is forging ahead with its offshore oil and gas exploration activities and is targeting 2025 for first oil in a rapid production ramp up similar to its western neighbour Guyana where oil production began just under 5 years...
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Guyana, Permian capital-intensive projects put Exxon at higher revenue risk than peers – Rystad Energy

OilNOW -
Norway-based Rystad Energy has quantified the long-term risk of the change to oil prices and to the net present value (NPV) of portfolios for some of the global oil and gas companies whose resilience have come under pressure in...
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Concerned about ‘oil leaving underground’ Colombia looking to boost pace of investments

OilNOW -
Colombia, which holds regular licensing rounds to invite investment in its upstream sector, has recently undertaken what National Hydrocarbons Agency President Jose Armando Zamora called a "full review of our contract offering for bidding rounds," building on its attractiveness...
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South American basin with abundant oil resources giving rise to fierce competition

OilNOW -
Some are calling it the last major hydrocarbon frontier while others see it as the Holy Grail of oil and gas. The Guyana Suriname Basin (GSB) has now become a major hotspot for petroleum exploration and production and is...
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Crude oil futures surge, ICE Brent May contract up almost 2%

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(S&P Global Platts) Crude oil futures surged during the mid-morning trade in Asia March 1, with the oil market reversing the previous session's losses as risk-on sentiment gripped the markets following the US House of Representatives' approval of further...
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Experts set to discuss Guyana’s gas to power project in OilNOW TV Sunday premiere

OilNOW -
A panel discussion on Guyana’s planned gas to power project will premiere on OilNOW TV this evening as part of a series focusing on the initiative that is expected to have a significant transformational impact on the new oil...
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Suriname lines up new shore base port

OilNOW -
(Caribbean Maritime) In 2020, amid the worldwide Covid-19-induced economic downturn, Suriname reached second place, only behind Russia, in terms of discovered oil and gas reserves. And all this from just one offshore find in Block 58, and without counting...
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Proposal to have 111 categories of service with high local content targets unrealistic – AMI Co-Director

OilNOW -
If Brazil with a population of over 200 million people found it difficult to achieve high or progressive local content targets for 90 categories of service, how does Guyana propose to do a better job with a smaller population...
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Coming oil price bounce, supply shortfall opening space for Guyana barrels

OilNOW -
More space is being created on the oil market for Guyana’s medium sweet Liza Crude as prices are expected to rise amid a coming shortfall in supply. According to the findings of a Reuters Poll published on Friday, oil prices will stage a...
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New York Stock Exchange begins delisting CNOOC

OilNOW -
The New York Stock Exchange on Friday decided to begin formal delisting of Chinese state oil giant CNOOC Ltd based on an executive order signed by former U.S. President Donald Trump in November last year, Reuters said in a...
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Chevron earnings dip as Guyana operations strengthen portfolio

Chevron Corporation today reported earnings of US$3.5 billion (US$1.82 per diluted share) for the third quarter of 2025, down...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

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