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Guyana adds to 18.7 Bboe of newly discovered resources in 2022 – S&P Global

OilNOW -
By the end of November 2022, S&P Global said a total of 178 discoveries had been made globally from new-field wildcat (NFW) drilling. It said this saw a delivery of just over 18.7 billion barrels of oil equivalent (Bboe)...
News

CNOOC partners with POWERCHINA to provide Guyanese community with solar lighting

OilNOW -
CNOOC Petroleum Guyana Limited (CPGL) said it recently donated a complete solar lighting community system to Moraikobai, the only indigenous village in Region Five (Mahaica-Berbice), Guyana. In all, 130 lights were given to the community along with eight flood lights...
Exploration

Orinduik partners to target exploration well early 2023 – Eco Atlantic

OilNOW -
The partners in the Orinduik Block offshore Guyana are targeting an exploration well in early 2023, according to a report from 15% stakeholder, Eco Atlantic Oil & Gas. This well is expected to be drilled in the second renewal period...
News

US$5.4 billion mega port for Suriname; to feature LNG facility, shorebase and economic zone

OilNOW -
Phoenix Development Company and Suriname’s Port Management Company, N.V. Havenbeheer, have teamed up to build a mega Deep-Water Port and Special Economic Zone – Port of Nickerie – in Suriname, with projected investment of approximately US$5.4 billion. With several oil...
News

Delay in Suriname FID shows TotalEnergies hesitant to fully commit to country – AMI analyst

Shikema Dey -
When it comes to answering the question of a final investment decision on the TotalEnergies-operated Block 58, Suriname’s wait has been long. And the country will have to wait at least a few months more, until 2023, for the decision. This...
News

CGX unlikely to deliver Berbice Deepwater Port on time

OilNOW -
“Certain delays” have forced CGX Energy Inc. to push back the operationalisation of the massive Berbice Deepwater Port even as the Guyana government expresses concerns of the timeline of completion. “As a result of certain delays, the Company believes it...
Discoveries

Despite multiple discoveries, no timeline yet for first oil in Suriname

OilNOW -
Suriname’s Block 58 has churned out five discoveries in total, but operator TotalEnergies E&P Suriname B.V. is yet to make a Final Investment Decision (FID). Government officials expressed hope during the recently held Suriname Energy, Oil and Gas Conference (SEOGS) that this...
News

Exxon says being ‘essential partner’ to Guyana is its number one priority

OilNOW -
The transformation of Guyana through revenues being generated from massive oil and gas production operations taking place off the country’s coast is underway. ExxonMobil, operator at the largest offshore block, along with co-venturers Hess and CNOOC, says being an...
News

NOC partner must have deep pockets, deepwater experience – Guyana VP

OilNOW -
As it continues to weigh the pros and cons of having passive ownership in a National Oil Company (NOC), the Guyana Government has said any potential partner it chooses to manage the facility would need to have “deep pockets”...
News

Excluding Exxon, other operators could reduce competitiveness of auction – VP

OilNOW -
While the Guyana government has not yet decided on whether it will exclude from its upcoming oil blocks auction, international oil companies (IOCs) that already have substantial interest in oil block(s) offshore Guyana, Vice President Dr. Bharrat Jagdeo said...
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Saipem targets local content growth in logistics, fabrication for Suriname oil project

PARAMARIBO, SURINAME – Saipem is setting the stage for major local content contributions in Suriname through its work on...

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