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17/06/2025

Staatsolie has signed a production sharing contract (PSC) with PETRONAS Suriname E&P B.V. (PSEPBV) and Paradise Oil Company N.V. (POC) for Block 66.
READ MORE HERE: https://oilnow.gy/news/petronas-secures-deepwater-block-66-in-suriname-with-new-contract/

17/06/2025

As TotalEnergies continues drilling the Macaw-1 well in Suriname’s Block 64, attention is shifting to the Demerara Shelf and what the activity there might mean for future exploration.
READ MORE HERE: https://oilnow.gy/news/explorers-reassess-surinames-demerara-shelf-amid-macaw-1-drilling/

17/06/2025

ExxonMobil has started drilling the Hamlet-1 exploration well in the southeastern section of Guyana’s Stabroek Block. This area near the Suriname border has yielded more natural gas than oil in previous discoveries.
READ MORE HERE: https://oilnow.gy/news/exxonmobil-drilling-hamlet-1-well-in-gas-rich-southeastern-stabroek-block/

17/06/2025

Jay Park, Managing Partner of Park Energy Advisory Ltd., has called for urgent reforms to petroleum fiscal regimes across South America to meet the competing demands of the energy transition, affordability, and energy security.
READ MORE HERE: https://oilnow.gy/news/south-america-must-redesign-petroleum-regimes-to-balance-transition-and-investment-energy-advisor/

READ MORE HERE: https://oilnow.gy/news/seogs-2025-a-new-dawn-for-surinames-energy-future/

16/06/2025

The Suriname Energy, Oil & Gas Summit and Exhibition (SEOGS) 2025 returns this week with its largest and most comprehensive edition yet, bringing together regional and international energy leaders, policymakers and technical experts for four days of strategic dialogue and collaboration.
READ MORE HERE: https://oilnow.gy/news/seogs-2025-a-new-dawn-for-surinames-energy-future/

16/06/2025

LNDCH4, the U.S. joint venture building an integrated natural gas processing facility at Wales, recently announced the arrival of a 30-megawatt backup battery energy storage system (BESS).
READ MORE HERE: https://oilnow.gy/news/battery-system-arrives-in-guyana-for-delayed-gas-to-energy-project/

15/06/2025

President Irfaan Ali has urged Guyanese to measure the success of the oil industry by more than just the number of barrels produced. “We cannot squander this moment by counting barrels only,” he said.
READ MORE HERE: https://oilnow.gy/news/look-beyond-the-barrels-for-the-success-of-guyanas-oil-industry-ali/

15/06/2025

ExxonMobil and Shell were the most active high-impact oil and gas explorers between 2020 and 2024, according to energy intelligence firm Westwood Global Energy Group.
READ MORE HERE: https://oilnow.gy/news/exxonmobil-shell-lead-high-impact-exploration-over-five-year-period-as-nocs-surge-in-2024/

15/06/2025

Guyana’s Vice President Bharrat Jagdeo said on Thursday that no new oil block contracts or agreements for a major gas project involving U.S. firm Fulcrum LNG will be signed before the country’s General and Regional Elections scheduled for September 1.
READ MORE HERE: https://oilnow.gy/featured/no-oil-blocks-gas-deal-to-be-issued-before-guyanas-september-elections/

14/06/2025

The Greater Guyana Initiative (GGI) will open a new call for proposals in July, inviting projects aimed at advancing strategic capacity development across the country.
READ MORE HERE: https://oilnow.gy/news/ggi-to-launch-new-call-this-july-for-proposals-to-drive-capacity-building-in-guyana/

14/06/2025

SBM Offshore is seeing “great benefits” from its newest Fast4Ward® floating, production storage and offloading vessels (FPSOs), Jaguar for Guyana and GranMorgu for Suriname.
READ MORE HERE: https://oilnow.gy/featured/sbm-offshore-sees-major-gains-from-jaguar-granmorgu-fpsos-in-guyana-and-suriname/

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