Tuesday, December 6, 2022

Regional

Suriname, oil companies partner for technical, vocational training programme

Staatsolie announced last week that the first group of 30 students attended a ceremonial launch of an 18-month technical training programme. The ‘Oil & Gas Kopprogramma’ at the Institute of Natural Sciences (NATIN) is being offered through a collaboration between...

Petrobras strikes more oil in Santos Basin

In a four-day span, Brazil’s state oil producer, Petrobras, announced that it discovered oil in two Santos Basin wells. The first discovery was made during a training test at the pioneer well 1-BRSA-1381-SPS (Curaçao) in the pre-salt of the southwestern...

COP27 must outline clear roadmap for financing climate adaptation – UN Secretary General

When the 2022 United Nations Climate Change Conference, more commonly referred to as COP27, gets underway next week, global leaders must once and for all, outline a clear roadmap for providing vulnerable nations with vital financing for climate adaptation. This...

No mention of FID for Suriname’s Block 58 during TotalEnergies earnings conference

TotalEnergies – operator of Suriname’s offshore Block 58 held its Q3 Earnings Conference last Thursday to appraise shareholders of its massive US$6.6 billion haul for the quarter. But its Chief Financial Officer (CFO), Jean-Pierre Sbraire, made no mention of any intended final...

Deakin expects Lula to freeze Petrobras divestments, sell domestic fuels below world market price

Luiz Inácio Lula da Silva has won Brazil’s presidential election. Following the transfer of power in Brazil, Latin America’s largest democracy, myriad reforms are expected in the energy sector. Arthur Deakin, analyst and Director for Americas Market Intelligence (AMI) Energy Practice,...

Guyana’s oil gives it competitive edge over Trinidad and Tobago, Suriname – AMI analyst

Stacked against each other, international investors will tell you that they favour Guyana’s oil prospects over Suriname’s, and even those of legacy producer, Trinidad and Tobago, says energy analyst, Arthur Deakin. The Director for Americas Market Intelligence (AMI) Energy Practice made this statement as part...

Trinidad’s National Gas Company cops Gold Standard status for methane reporting

The National Gas Company (NGC) of Trinidad and Tobago Limited (NGC) has disclosed its recent achievement of the Gold Standard status of reporting under the global Oil and Gas Methane Partnership 2.0 (OGMP 2.0). This status is attained by companies...

Ramps’ challenges in Guyana not linked to private sector; umbrella body condemns “dark forces” comment

As the Ramps Logistics' Local Content spat continues, Guyana's private sector body has come out to condemn recent statements by its Chief Executive Officer (CEO) Shaun Rampersad. He had made the suggestion that dark forces from Guyana's private sector "want...

US$5.4 billion mega port for Suriname; to feature LNG facility, shorebase and economic zone

Phoenix Development Company and Suriname’s Port Management Company, N.V. Havenbeheer, have teamed up to build a mega Deep-Water Port and Special Economic Zone – Port of Nickerie – in Suriname, with projected investment of approximately US$5.4 billion. With several oil...

Ramps CEO enters not guilty plea to company’s false declarations charges, out on GY$500,000 bail

Chief Executive Officer (CEO) of Ramps Logistics, Shaun Rampersad on Friday paid bail of GY$500,000 to the Supreme Court, and in so doing, avoided custody for charges of false declarations to the Guyana Revenue Authority (GRA) for its duty-free...

Latest News

Guyana’s oil fund almost at US$1.4 billion at November’s end

Guyana’s Natural Resource Fund (NRF), held at the New York Federal Reserve Bank, soared to US$1,391,406,433 at the end...