Production

Exploration

TotalEnergies starts production at Ikike field off Nigeria coast

OilNOW -
TotalEnergies said Monday it started production at the Ikike field, 20 kilometers (km) off the coast of Nigeria. The Ikiken platform meets a depth of about 20 meters and is tied back to the existing Amenam offshore facilities through...
Exploration

Guyana among potential ‘energy super basins’ of the world – WoodMac

OilNOW -
With the energy transition in full swing, emphasis is being placed on making the global upstream industry more sustainable. To do this, the focus has to be on abundant oil and gas resources in locations with access to low-cost...
News

South Korea keen on Brazil’s Tupi crude – Platts

OilNOW -
(S&P Global Platts) Fresh demand from South Korea could keep the market sentiment for October-delivery barrels of Brazilian crudes buoyed, even as the grades' cash differentials could face some headwinds as China-based end-users pivot toward competitive Russian crudes, trade...
Exploration

Guyana, Suriname can benefit from joint development of oil & gas resources – Staatsolie Head

OilNOW -
Staatsolie, Suriname’s state oil company, says there is real potential for cooperation between Guyana and Suriname, particularly with gas resource development. “Large resources and associated and non-associated gas have been discovered and both countries could benefit from jointly developing resources...
News

US$200M more withdrawn from Guyana oil fund

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Senior Finance Minister Dr Ashni Singh announced that Government has made its second draw down from the Natural Resource Fund in accordance with the Natural Resource Fund (NRF) Act 2021. The Minister indicated that pursuant to Section 16 of the...
Discoveries

Despite multiple discoveries, no timeline yet for first oil in Suriname

OilNOW -
Suriname’s Block 58 has churned out five discoveries in total, but operator TotalEnergies E&P Suriname B.V. is yet to make a Final Investment Decision (FID). Government officials expressed hope during the recently held Suriname Energy, Oil and Gas Conference (SEOGS) that this...
Exploration

In 7 years: 2 massive oil production vessels, 6 drill ships, multiple supply boats

OilNOW -
In just seven years Guyana has moved from a frontier area to South America’s hottest new oil province and emerging energy hub, all as a result of an unprecedented series of discoveries made by ExxonMobil off the country’s coast...
Exploration

T&T intent on ramping up natural gas production to highest levels possible

OilNOW -
While some international groups have advised that nations move swiftly towards the diversification of their energy mix with renewable resources taking the lead, Trinidad and Tobago’s Prime Minister, Dr. Keith Rowley, said his home country is taking a different...
Exploration

Guyana-Suriname basin steals spotlight from Brazil – Rystad Energy

OilNOW -
The Guyana-Suriname basin has overtaken Brazil’s pre-salt play as South America’s leading exploration hotspot, says Rystad Energy, an independent energy research and business intelligence company based in Norway. This latest feat, it said, can be credited mostly to ExxonMobil’s basin-opening...
Exploration

Big volumes at 18,000 ft could see standalone FPSO for new Stabroek Block development

OilNOW -
The Fangtooth discovery which was announced by ExxonMobil back in January 2022 holds enough oil deposits to underpin its own floating, production, storage and offloading (FPSO) vessel. This was disclosed by Hess Corporation which has a 30% working interest...
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Maduro takes oath for third term amid Opposition-led protests 

With his wife standing faithfully at his side, Nicolás Maduro took the oath of office for his third term...

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