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Suriname Energy Conference returns this week as nation gears up for first landmark offshore development 

OilNOW -
Paramaribo, Suriname: The fourth Suriname Energy, Oil & Gas Summit (SEOGS) returns this week from June 4-7 in Paramaribo under the theme; “The Next Stage of Success”. The host remains Suriname’s state oil firm, Staatsolie. The event will be held...
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Trinidad hopeful existing gas infrastructure gives it edge over rising stars Guyana and Suriname

Kemol King -
Trinidad and Tobago's Minister of Energy and Energy Industries, Stuart Young, said the country is advantaged in terms of its ability to attract investment in gas exploration and development, due to its established gas infrastructure. During an early May...
News

Trinidad has 10 years of gas production left from current reserves – Energy Minister

OilNOW -
Trinidad and Tobago has about 10 years of gas production left based on less than 12 trillion cubic feet (tcf) of natural gas reserves, Minister of Energy and Energy Industries, Stuart Young said during a May 29 live press...
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Authorities re-emphasizing safety as  worker seriously injured at Vreed-en-Hoop Shore Base

OilNOW -
An employee of Saipem was “seriously injured” in a May 25 accident at the Vreed-en-Hoop Shore Base Inc. (VEHSI) facility, Guyana’s Ministry of Labour said in a May 27 release. Collis Hall, an operator, was using a 400-tonne Manitowoc Walk...
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As Guyana, Suriname gas reserves mount, standalone development is on the horizon

OilNOW -
Guyana and Suriname have had substantial natural gas reserves discovered in the basin, altogether estimated at a whopping 29.5 trillion cubic feet. According to ExxonMobil, the operator of the Stabroek Block offshore Guyana, of the 11 billion oil-equivalent barrels...
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If Exxon won’t, others will – Jagdeo on developing Guyana’s gas fields

OilNOW -
If ExxonMobil opts not to move ahead with gas development, in line with the Guyana government’s wishes, the prospects will be reallocated, said Vice President Bharrat Jagdeo.  During a May 24 press conference, Jagdeo said work is being done to...
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CNOOC secures offshore blocks in Mozambique

OilNOW -
China's oil and gas giant CNOOC Limited has expanded its operations with new petroleum exploration and production concession contracts (EPCCs) in Mozambique. The company gained access to five offshore blocks, covering approximately 29,000 square kilometers, with water depths ranging...
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Petronas’ Block 52 tax holiday could see first Suriname gas project by 2031 – Rystad Energy

Shikema Dey -
Norway’s Rystad Energy sees Suriname’s first standalone gas project potentially materializing as early as 2031, at the Petronas-operated Block 52.  Aiding the Block 52 operator is the 10-year tax break it got from the South American nation in a recent...
News

WoodMac values 10-FPSO development offshore Guyana at US$150 billion

OilNOW -
Luiz Hayum, a principal analyst with Wood Mackenzie's Latin America upstream research team, sees Guyana’s oil bounty raking in huge sums for the ExxonMobil-led consortium and the government.  “Our valuation for Stabroek’s ten-FPSO development is over US$150 billion at US$65/barrel...
News

Exxon targeting two appraisal wells at gas field off Guyana coast

Shikema Dey -
ExxonMobil Guyana is forging ahead with its Stabroek Block drilling program with two appraisal wells being targeted at the Haimara gas field, discovered five years ago. This is according to a document published in Guyana’s Official Gazette. The program includes the...
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Afreximbank COO pitches partnership for Suriname’s SMEs

PARAMARIBO, SURINAME – The African Export-Import Bank (Afreximbank) wants to be a long-term financial partner for small and medium-sized...

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