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

OilNOW -
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

OilNOW -
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...
News

Norway-based E&P acquires Saipem’s US$73M FPSO to develop assets offshore Brazil

OilNOW -
Shortly after snatching up two major deepwater blocks offshore Brazil, Norway-based BW Energy inked a deal with Saipem to acquire the Cidade de Vitoria oil vessel to develop the Golfinho cluster. According to BW, the deal amounts to US$73 million;...
News

Over 60% of Suriname’s deepwater acreage remain unlicensed; new bid round nears

OilNOW -
Suriname’s state oil company, Staatsolie is set to auction off several deepwater blocks this year with another bid round reportedly planned for the shallow blocks by mid-2023. “We are very excited about the prospects of releasing further offshore acreage,” Annand Jagesar,...
News

As Petrobras divests, Norway-based E&P snatches up deepwater blocks

OilNOW -
Norway’s BW Energy has reached an agreement with Brazil’s state-owned Petrobras to acquire two of its major deepwater clusters – Golfinho and Camarupim – in a deal costing up to US$75 million. The sale is part of Petrobras' strategy to divest assets and focus...
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SLB secures multi-region deepwater contracts from Shell

Shell has awarded major drilling contracts to SLB, a global energy technology company. These contracts aim to support energy...

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