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Exploration

Guyana-Suriname Basin will be important to global energy transition – Hess VP Exploration

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In order for the energy needs of the world to be met, upstream investments will have to significantly increase in the coming years. Deepwater ‘advantaged barrels’ in locations such as the Guyana-Suriname Basin will therefore continue to play a...

Suriname Energy: Oil and Gas Summit

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News

Guyana regulators internationally trained to measure crude lifts

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Guyana’s multi-billion-barrel hydrocarbon discoveries and the start of oil production operations have seen institutions playing catch up to monitor and regulate a sector that was practically non-existent prior to the 2015 world class Liza oil strike by ExxonMobil. Key to...
Opinions

Three key imperatives new oil producer Guyana should pursue

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By Ivelaw Lloyd Griffith – OilNOW In Part I of this series, I examined Venezuela’s recent saber-rattling moves against Guyana, while Part II addressed the high stakes involved for the two countries. With this as background I turned to the...
News

Guyana world class deep water projects contributing to SBM Offshore growth

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The four Floating Production Storage and Offloading (FPSO) vessels currently being built by SBM Offshore are positively contributing to the company’s growth phase. Two of the FPSOs are being constructed for operations offshore Guyana at the ExxonMobil-operated Stabroek Block. On...
News

Fabrication of topsides for Guyana’s 3rd oil production vessel underway in Singapore

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Work on Guyana’s 3rd oil production vessel is progressing on schedule in Singapore, SBM Offshore said in its Q1 trading update on Wednesday. The Dutch floater specialist has been forging ahead with major construction projects despite challenges from the...
News

Why did Venezuela wait 63 years to contest the validity of the 1899 Award?

OilNOW -
By Ivelaw Lloyd Griffith – OilNOW In Part I of this series, I examined Venezuela’s recent saber-rattling moves against Guyana, while in the subsequent article I addressed the high stakes involved for the two countries. With this as background I...
News

Ali wants oil revenue to help close gap between haves and have nots, will he succeed?

OilNOW -
Since gaining its independence from the British in 1966, Guyana has struggled to embark on a path of sustained economic growth that served to elevate living standards for its people, despite being endowed with significant natural resources, even before...
Exploration

Exxon hits pay at Uaru-2 in 19th Guyana oil discovery

OilNOW -
ExxonMobil announced on Tuesday its 19th discovery offshore the South American country of Guyana at the Uaru-2 well which will add to the previously announced gross discovered recoverable resource estimate for the block, which is currently estimated to be...
News

Canada-Guyana Chamber says now is the time to invest in economy projected to be world’s most oil intensive by 2025

OilNOW -
The expanding oil and gas operations in Guyana will have a significant impact on other industries in the country, according to the Canada-Guyana Chamber of Commerce (CGCC). The Chamber says this is the ideal time for foreign businesses to...
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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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