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Maersk spuds Suriname well, starts operations in T&T on same day

OilNOW -
The semi-submersible rig Maersk Developer earlier this month spudded the Sloanea-1 well in Suriname on the same day the Mærsk Discoverer began operations at the Matapal development in Trinidad and Tobago (T&T). “Earlier this month, Maersk Developer spudded the Sloanea1...
News

Guyana now on world stage of mega investment opportunities – country says it is ready

OilNOW -
The discovery of billions of barrels of oil equivalent resources has catapulted Guyana to the top of the list of places to invest in the Latin America and Caribbean region and the now almost 3-month old government has been...
Exploration

Guyana has at least 10 years of intense exploration drilling, biggest window of opportunities – Ramnarine

OilNOW -
New oil producer Guyana will see the highest level of exploration activities unfolding over the next ten years, which, according to one official with years of experience in the industry, presents the best window of opportunity for the people...
Exploration

Guyana production set to hit 1.4 million b/d in mid-2030s with potential for even higher output

OilNOW -
Oil production in Guyana is expected to rapidly increase in the coming years as more developments are sanctioned, and floating production storage and offloading units (FPSO) come online.  Norway-based Rystad Energy expects this output to hit peak in the...
News

Flaring was the safer alternative, says Colorado School of Mines Professor

OilNOW -
The decision to flare the associated gas from the offshore oil production operations in Guyana was the most practical option available when challenges were encountered with the reinjection system on the Liza Destiny FPSO. The alternative could have been...
News

Small companies often farm-out acreage to raise capital

OilNOW -
As interest mounts about the nature of farm-in agreements in South America’s newest oil and gas hotspot – Guyana - OilNOW takes a look this week at what the term means, why it is used and to what extent...
News

Canada offering ‘world-class expertise’ to Guyana in major development drive

OilNOW -
As Guyana’s prospects continue to improve with the discovery of over 8 billion barrels of oil equivalent resources and start of oil production last December, investors and foreign interests are increasing–the latest being the Canadian Commercial Corporation (CCC). The CCC,...
News

Suriname delegation for Guyana visit today to further talks on cooperation on O&G, other opportunities

OilNOW -
Two months after the President of Guyana, Dr. Mohamed Irfaan Ali, and Surinamese President, Chandrikapersad Santokhi, met and agreed to cooperate in areas including oil and gas, a Ministerial delegation from Suriname including the Minister of Foreign Affairs, International...
Exploration

Guyana, Suriname entering high-stakes competition for development of deepwater resources

OilNOW -
Five years after Guyana’s first oil discovery and just weeks after production started last December, Suriname experienced a game-changer with its first offshore discovery at Maka Central-1. This was closely followed by two other discoveries – Sapakara West-1 and...
News

92% of all U.S. Gulf of Mexico oil production shut-in as Hurricane Delta swirls towards coast

OilNOW -
(S&P Global) Nearly 92% of all US Gulf of Mexico oil production remained shut in as Hurricane Delta moved toward the Louisiana Coast, according to the most recent federal statistics released Oct. 9. But producers were already eyeing the return...
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Ramsaroop urges businesses to ‘follow the money’ and align with Guyana’s national development agenda

Guyana’s Chief Investment Officer, Dr. Peter Ramsaroop, urged local entrepreneurs to align their ventures with the nation's economic priorities,...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

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