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Opinions

Regional Collaboration in Guyana’s Gas-to-Power Project

OilNOW -
By Dr. Lorraine Sobers - OilNOW There was greater Trinidad and Tobago presence at this year’s International Energy Conference and Expo Guyana 2023, than in 2022. Trinidad and Tobago Prime Minister, Dr. the Hon. Keith Rowley, was one of...
News

Shell sells stake in Baram Delta assets, offshore Malaysia

OilNOW -
Sarawak Shell Berhad, a subsidiary of Shell plc, has completed the sale of its non-operated interests in two offshore production sharing contracts (PSC) in the Baram Delta to Petroleum Sarawak Exploration & Production Sdn. Bhd. (PSEP). Shell had a 40%...
News

Guyana’s new model agreements set the framework for its natural gas story

Kemol King -
Guyana’s hydrocarbon story has been dominated by oil so far, but its new model petroleum agreements have established a framework that will compel the utilisation and commercialisation of its natural gas resource. Once contractors discover natural gas fields or excess...
News

Exxon mulling dumping stakes in Italy’s main regasification terminal

OilNOW -
Keeping to its strategy to divest from non-core assets, ExxonMobil is mulling selling off its majority stake in Italy’s main regasification terminal - Rovigo LNG.  Also called Adriatic LNG, the terminal is owned by ExxonMobil Italiana Gas S.r.l. which holds...
News

TT to see gas in two years if negotiations go well with Venezuela – Young

OilNOW -
Trinidad and Tobago (TT) expects gas to start flowing from the Dragon field project in two years, once all goes well in negotiations with Venezuela, its Energy Minister, Stuart Young has said.  Young, according to Reuters, is due back in...
News

Guyana Shore Base stresses safety after woman enters West Bank construction site

OilNOW -
The Guyana Shore Base Inc. (GYSBI) is stressing the importance of safety after an incident that saw a woman entering an active construction site at Reynstein, West Bank Demerara.  The woman, Elizabeth Deane Hughes, wrote a letter to local...
News

Guyana offshore investments at US$7B in 2023 as global oil activities surge – Rystad Energy

OilNOW -
Annual greenfield capital expenditure is set to break the US$100 billion threshold this year, according to Norway’s Rystad Energy as offshore development activities surge globally. And investments in Guyana’s offshore Stabroek Block will take up US$7 billion of that...
Discoveries

Qatar, Shell hit pay for third time at Namibia’s hottest offshore prospect

OilNOW -
QatarEnergy announced a light oil discovery in the Jonker-1X deep-water exploration well drilled in the PEL-39 Exploration License, offshore Namibia. This is the third discovery made at the prospect. It said the Jonker-1X well was drilled to a total depth of...
News

Gas strategy to address monetisation of discoveries beyond Liza field – Jagdeo

OilNOW -
Vice President Dr. Bharrat Jagdeo disclosed Friday that Guyana’s National Gas Strategy will examine the monetisation of resources that are outside of the Stabroek Block’s Liza field. The official said this document will be finished by year-end, adding that...
News

Guyana about to sign oil & gas MoU with India government

OilNOW -
Guyana’s Vice President Dr. Bharrat Jagdeo is preparing to sign a memorandum of understanding (MoU) with the government of India. According to Guyana’s Department of Public Information (DPI), the MoU is meant to foster cooperation in the oil and gas...
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Latest News

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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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