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Respect for international law and norms critical at this time, vital for oil and gas – Mia Mottley

OilNOW -
The emergence of Guyana and Suriname as key energy producers in CARICOM has the potential to significantly increase cross-border trade, investment, and regional prosperity. However, Prime Minister of Barbados, Mia Mottley, is warning that this will only be successful...
News

SBM Offshore plans to put more Guyanese on FPSOs and in shorebase offices – Michiel Heuven

OilNOW -
SBM Offshore is looking to increase its local workforce and build the capacity of Guyanese to take up more leadership positions in its operations in the new oil producing South American country. This is according to the company’s Head...
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SBM Offshore in talks for giant Brazil FPSO

OilNOW -
Dutch floater specialist SBM Offshore has entered negotiations with Petrobras for a charter contract for the FPSO Almirante Tamandaré. The vessel will operate in the Buzios field in the Santos basin, offshore Brazil. SBM Offshore said Tuesday the anticipated production capacity of...
News

Opposed to flaring, open to offshore development – Guyana looking to maximise benefits from oil

OilNOW -
In what is quite possibly its sharpest criticism of one aspect of ExxonMobil's offshore activities, Guyana's Vice President Bharat Jagdeo said last week that his government is “opposed to flaring.” His comment came at a press conference hosted by...
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Payara, other offshore developments will help push Guyana’s long-term growth plans – Natural Resources Minister

OilNOW -
As the volume of petroleum resources at the prolific Stabroek Block offshore Guyana continues to increase with yet another discovery announced by US oil major ExxonMobil on Tuesday, the country’s Minister of Natural Resources says the Payara development, which...
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Another Strike: ExxonMobil announces Redtail Discovery Offshore Guyana

OilNOW -
Oil discovery is 18th offshore Guyana; follows discovery at Yellowtail-2Adds to previous estimate of more than 8 billion barrels of discovered recoverable resource ExxonMobil has made its 18th discovery offshore Guyana at the Redtail-1 well which will add to the previously announced estimated...
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Guyana will benefit from “first-mover advantages” by advancing offshore developments – API Chief Economist

OilNOW -
New oil producer Guyana has much to gain from advancing development projects at its vast offshore oil fields where US oil major ExxonMobil has so far found more than 8 billion barrels of oil equivalent resources and other explorers...
News

Trinidad & Tobago reports significant fall in natural gas production

OilNOW -
Trinidad and Tobago’s Ministry of Energy and Energy Industries on August 11 reported that the Country’s natural gas production plummeted in June to its lowest level since 2016 averaging a mere 3.110 billion standard cubic feet per day (Bscf/D). The...
News

President Ali pushes 60% reduction in electricity cost as part of gas to power initiative

OilNOW -
Guyana’s President, Dr. Irfaan Ali, says his administration is committed to establishing a natural gas facility to meet the energy needs of the South American nation. Dr. Ali's comments come almost a week after President of ExxonMobil Guyana, Alistair Routledge,...
News

Guyana can be generating cheap electricity, producing cooking gas by mid-2020s – Kevin Ramnarine

OilNOW -
Natural gas from Guyana’s Stabroek Block can be piped to shore by the mid-2020s for the provision of cheap and cleaner electricity and production of valuable liquids such as propane (cooking gas) and butane. ExxonMobil Guyana President, Alistair Routledge, said...
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GranMorgu FPSO construction hits 27% as Suriname targets first oil by 2028

Construction of the floating production, storage and offloading (FPSO) platform for Suriname’s GranMorgu project has reached 27%, state oil...

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