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Tullow to plug over 90% of expenditure in West Africa, will continue to evaluate Guyana acreage

OilNOW -
UK-based Tullow Oil will be unveiling a new strategy and plan to generate c. $7 billion of operating cashflow over the next 10 years with over 90% of its future capital expenditure focusing on the company’s West African producing...
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Joint billion-dollar-plus Guyana-Suriname deepwater harbour on the cards

OilNOW -
With massive volumes of hydrocarbons being found in the Guyana-Suriname basin in recent years, development of these resources will require significant shorebase support services which leaders of both countries believe can be established by way of a joint initiative. The...
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Orinduik block partners reviewing multiple light, sweet targets for 2021 drill plans

OilNOW -
Eco (Atlantic) Oil and Gas Ltd announced Tuesday via its unaudited results for the six months ended September 30, 2020, that multiple light, sweet, oil drilling prospects are currently being reviewed for the next drilling programme at the Orinduik Block....
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South America’s new O&G deepwater players positioning for big opportunities

OilNOW -
The governments of Guyana and Suriname, the new oil and gas deepwater hotspots in South America, are focusing on strengthening bilateral relations and solidifying plans to create new opportunities. Guyana’s President, Dr. Irfaan Ali and his Surinamese counterpart, President...
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U.S hedge fund plugs US$30 million into junior firm with stake in Kaieteur block

OilNOW -
(Reuters) - Activist hedge fund Elliott Management Corp has invested at least $30 million in Cataleya Energy, a small firm focused on oil exploration in Guyana, the world's newest oil and gas hot spot, two people familiar with the...
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Oil hits highest since March on vaccine trials, Biden transition

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(Reuters) - Oil rose more than $1 a barrel to its highest levels since March as a third promising coronavirus vaccine raised hope for fuel demand recovery and U.S. President-elect Joe Biden began his transition to the White House. Brent...
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Total contracts Maersk Drilling for two-rig campaign offshore Suriname

OilNOW -
Maersk Drilling has received a Conditional Letter of Award (CLOA) from Total E&P Suriname, Suriname Branch for the supply of two deepwater rigs, Mærsk Developer and Maersk Valiant, for an exploration and appraisal project in Suriname’s Block 58. Maersk Drilling...
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Baker Hughes plugging over US$8 million into Oilfield Service Facility in Guyana

OilNOW -
American international industrial service company, Baker Hughes, is moving to set up an Oilfield Service Facility at Land of Canaan on the East Bank of Demerara in Guyana, where it expects to provide employment for over 70 Guyanese during...
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Corentyne River Bridge on agenda as Guyana President makes first state visit to Suriname

OilNOW -
Guyana’s President, Dr Mohamed Irfaan Ali, has arrived in Suriname for a state visit over the period November 23 to 26, during which time discussions will be held with President Chandrikapersad Santokhi to build on the issues advanced during...
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ExxonMobil Guyana’s Deedra Moe takes up new position in Houston

OilNOW -
ExxonMobil Guyana Senior Director, Public and Government Affairs, Deedra Moe, will be departing the country soon to take up a new position in Houston in her home country of the Unites States. She will be succeeded by Karen Matusic,...
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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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