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Total offshore operations in Suriname powered by Staatsolie Ultra Low Sulfur Diesel

French multinational oil and gas company Total is powering its operations offshore Suriname with fuel supplied by state oil company Staatsolie. Total, operator at Block 58, has made 4 discoveries at the 1.4-million-acre block, along with partner Apache. “As of...

Officials in South America’s newest multi-billion-barrel oil & gas basin advancing discussions

A delegation from Guyana is currently in neighbouring Suriname to further discuss advancing areas of cooperation through the Strategic Dialogue and Cooperation Platform (SCDP). Guyana’s Ministry of Foreign Affairs said on Sunday the working visit serves to further streamline...

EPA to set flaring targets for upcoming ExxonMobil projects offshore Guyana

Guyana’s Environmental Protection Agency (EPA) is currently developing flaring targets for ExxonMobil’s future offshore projects. And with the Liza Phase 1 Environmental Permit up for renewal on June 1, 2022, the EPA announced that flaring targets will also be...

WWF calls for full environmental assessment of oil and gas operations in Guyana, applauds tougher measures for flaring

The World Wildlife Fund (WWF) is calling for a full environmental and social assessment of Guyana’s oil and gas development, warning that dire consequences could be met if the South American country fails to take such steps. “Having taken note...

Yellowtail will be Guyana’s biggest offshore development to date with massive 250,000 bpd output – Project Summary

The Yellowtail development, Guyana’s fourth deepwater petroleum production project, is targeting 250,000 barrels of oil per day, the largest volumes yet for a single development offshore the South American country. According to documents submitted to the Environmental Protection Agency by...

Brazil offshore wells could quadruple to 19 this year

(S&P Global Platts) Brazil's National Petroleum Agency expects the number of exploration wells drilled off the country's coast to nearly quadruple in 2021 to 19 wells as oil companies ramp up activity and the coronavirus pandemic wanes, the regulator's...

Gas pipeline will accelerate Guyana’s clean energy transition, build massive industrial base – TT energy advisor

While the Guyana government forges ahead with plans to bring the US$900M gas-to-shore project on stream by 2024, there have been some expressed concerns about the implications such initiatives may have in delaying the country's full transition to renewables....

Oil and Gas Imperatives: Direct Foreign Investment, Local Content Policy and Governmental Transparency

By Wilberne Persaud - OilNOW Growing up in British Guiana, I marveled at Dutch engineering genius. They created the seawall, amazing below-sea-level coastal water and drainage systems. Georgetown was scenic and serene, at the time considered the Caribbean’s Garden City....

Over 20 locations were examined for gas to power project and multiple studies conducted, government affirms

Guyana’s Vice President and officials from the Gas to Power Generation Taskforce held a lengthy session with the media on Monday to explain the background and current plans related to the estimated US$900 million project aimed at landing a...

Gas pipeline to be funded from cost oil, project pegged at around US$900M – Task Force

Head of Guyana’s Gas to Power Generation Taskforce, Winston Brassington, revealed on Monday that the current estimates for the project which is expected to deliver affordable power to the nation of just over 750,000 people should cost approximately US$900M. During...

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GEA urges businesses to decarbonize through energy efficiency, renewables and electric mobility

Guyanese businesses should use the lower electricity costs expected from the Gas-to-Energy project to invest in energy efficiency, renewable...