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Guyana, Suriname added over 1.2 billion barrels of discovered resources so far this year

OilNOW -
Norway based Rystad Energy says South America looks set to remain a global exploration hot spot for the next two years, driven primarily by activity in Brazil, Guyana, Suriname and Colombia. The region has seen a recovery in activity...
News

City Chamber joins CARICOM business group for better Guyanese representation

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The Georgetown Chamber of Commerce and Industry (GCCI) has become a member of the CARICOM Private Sector Organization (CPSO), a service organization that mobilises and advances private sector participation within the Caribbean Community and Common Market (CARICOM).  The Chamber announced...
News

Gap analysis needed to assess competencies of Suriname’s oil sector – T&T local content expert

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Head of Trinidad and Tobago’s Permanent Local Content Committee, Jemma Langley, Thursday advised Suriname to conduct a gap analysis. In the context of local content and the oil and gas sector, a gap analysis would measure the actual capacities and...
News

US$100M to be invested in international oil and gas institute – Guyana President

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Upskilling Guyanese to adequately service Guyana’s massively expanding oil and gas sector is a priority of the Dr. Mohamed Irfaan Ali-led government. In seeking to achieve this goal, President Ali announced Thursday that over US$100 million will be invested...
News

Caribbean’s top three state-owned energy companies enter pact in Suriname

Shikema Dey -
Paramaribo, Suriname – On Tuesday, Suriname and Trinidad and Tobago (TT) further deepened the partnership between their energy sectors with the signing of a Memorandum of Understanding (MOU) between Staatsolie Maatschappij Suriname N.V. and TT state-owned energy companies – Paria Fuel...
News

Ramps says will meet Local Content Secretariat’s reasonable demands

OilNOW -
Ramps Logistics says it will accede to document requests made by the Local Content Secretariat, in its bid to be placed on Guyana’s Local Content Register. It said this in a statement after receiving a letter from the Secretariat’s Director,...
Exploration

Massive 30 billion barrels of oil now estimated offshore Suriname – Staatsolie VP

Shikema Dey -
Paramaribo, Suriname – Suriname’s recent oil finds in Block 58 put the South American nation’s recoverable resource count at over five billion oil-equivalent barrels. But that number is merely a tiny fraction of what is believed to be held...
News

Suriname has ‘proud track record’ honouring contracts – oil Minister

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Minister of Natural Resources for Suriname, David Abiamofo, said the nation is extremely proud of its track record in honouring contracts, including production sharing contracts. He made the comment during an interview with energy analyst from Americas Market Intelligence Arthur...
News

Gov’t warns Ramps it must submit documents that are not misleading

OilNOW -
One day after it held a media conference demanding answers, Ramps was told by the Guyana Local Content Secretariat that the onus is on it, as an applicant, to submit documents that are not false or misleading. Ramps had applied...
News

With big offshore finds, Santokhi invites major influx of investors at Energy Summit

Shikema Dey -
Paramaribo, Suriname - A brand-new chapter dawns for Suriname, quickly becoming one of the hottest new oil exploration destinations on the globe. And its President, Chandrikapersad Santokhi has opened the floodgates, inviting investors from all and sundry to help develop...
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Second phase of Berbice training facility progressing with extended timeline

The construction of the oil and gas training facilities at the Guyana Technical Training College (GTTCI) in Port Mourant,...

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