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Latin America’s oil and gas production set for 25% surge by 2028

OilNOW -
New projections by the International Energy Agency (IEA) see Latin America’s oil production increasing by 25% by 2028. Guyana and Brazil are among those leading this growth.  “Oil-producing countries outside the OPEC+ alliance dominate plans for increasing global supply capacity...
News

Post-drilling analysis advances prospectivity evaluation in Canje, Kaieteur blocks offshore Guyana

OilNOW -
Exploration efforts in the Canje and Kaieteur Blocks offshore are continuing, according to ExxonMobil Guyana, which said that experts are diligently examining the post-drill results to gain deeper insights into the oil and gas potential outside of the Stabroek...
News

Guyana postpones offshore licensing round

OilNOW -
Guyana's Vice President Dr. Bharrat Jagdeo has announced a one-month postponement of the country's offshore licensing round beyond the July 15 bid submission deadline. The delay is to facilitate a review of Guyana's oil and gas regulatory framework. The...
News

Touchstone Exploration wins Cipero onshore block in TT’s bid round, plans extensive geological studies

OilNOW -
In a significant development, Touchstone Exploration, a leading energy company, emerged victorious in the highly competitive bid round for the coveted Cipero onshore block in Trinidad and Tobago. The company's wholly-owned subsidiary, Primera Oil and Gas Limited (Primera), was...
News

Guyanese firms needed to support Gas-to-Energy project

OilNOW -
LNDCH4 has commenced the initial phase of its vendor and supplier identification in Guyana, with a view of developing a register of Guyanese firms to provide goods and services.  The joint venture of Lindsayca and CH4 has a tremendous task...
News

Guyana has already plugged US$100 million into Gas-to-Energy project – Jagdeo

OilNOW -
Dr. Bharrat Jagdeo, Vice President of Guyana, said the government has contributed US$100 million from the treasury towards the Gas-to-Energy project. The project's total cost is $US1.8 billion of which Guyana will plug US$759 million. It aims to establish a facility...
News

Trinidad wants US to amend sanction waiver on Venezuela for Dragon gas deal

OilNOW -
Trinidad and Tobago wants the United States government to make changes to the terms of a waiver that authorised the joint development of an offshore gas field with Venezuela, according to the Caribbean nation's Minister of Energy.  The waiver, issued...
News

Van Oord’s Stingray barge mobilising for Gas-to-Energy project

Kemol King -
Guyana’s Maritime Administration Department (MARAD) issued a notice to mariners to navigate with extreme caution, as ExxonMobil moves to commence pipelaying activities.  MARAD has provisioned June 1 - November 1 as the period for these activities. It said the shallow...
News

Trinidad, Venezuela for more talks on Dragon gas development in June

OilNOW -
Venezuela and Trinidad and Tobago are set to resume negotiations aimed at jointly developing a dormant offshore natural gas field, Reuters said with information from three sources familiar with the matter.  The two nations are scheduled to hold a meeting...
News

US government is fully supportive of Gas-to-Energy project – Jagdeo 

OilNOW -
The Gas-to-Energy project in Guyana is progressing. Alistair Routledge, President of ExxonMobil Guyana, and Dr. Bharrat Jagdeo, Guyana's Vice President, provided updates on the project during recent press engagements. On the government’s side, Mr. Jagdeo conveyed optimism about positive engagements...
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TotalEnergies identifies additional wells to sustain GranMorgu plateau production

PARAMARIBO, SURINAME – TotalEnergies has identified additional wells that will be drilled to sustain plateau production at its landmark...

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