This year’s United Nations climate summit will be the biggest in history–and the first held in a major petrostate. Host United Arab Emirates wants to bring the fossil fuel industry into the climate fold, but to make that happen requires wide deployment of carbon capture and storage. Proponents argue the new technology could help preserve…
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Guyana faces a critical obstacle hindering the participation of local businesses in the country’s local content development initiatives – the challenge of accessing crucial financing. This issue threatens to undermine the entire local content effort vital for the nation’s economic growth, as highlighted by energy expert David Goldwyn, renowned for his experience in the U.S.…
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The Early Exploration Amsterdam, nov 2023– Onshore exploration. In both Suriname and Guyana, oil seeps were known from the 1800s, into the 1900s. Exploration in Suriname discovered oil at a 160 m depth while drilling for water in a schoolyard in Calcutta Village. The onshore Tambaredjo oil field (15-17 oAPI oil) was discovered in 1968. First oil began in…
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eyesonsuriname Amsterdam, 15 nov 2023– according to the United States Geological Survey, an estimated 13.6 billion barrels of oil and 32 trillion cubic feet of natural gas could lie in the Guyana-Suriname Basin, making it the 2nd most prospective, underexplored offshore oil basins in the world. Experts have long suspected that the basin may share a similar…
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Oil Galore eyesonsuriname Amsterdam, 11 November 20211–Suriname came out swinging at the launch of the 2nd Bid Round for its Shallow Offshore Acreage, promising potential bidders a collective reward of over 91 billion barrels of original oil in place. Based on the outcome of an independent prospects re-mapping study, the regarding acreage seems to include around…
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The successful drilling, carried out in an offshore location about 185 kilometers from the coast and at a water depth of 904 meters, has revealed several oil-bearing campanian sandstone reservoir packages, the company announced on November 2. The Roystonea-1 well reached a total depth of 5,315 meters. Petronas said that the discovery is poised to…
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by Brian Kahn – Bloomberg Christoph Gebald’s company, Climeworks, is a pioneer in carbon-capture technology. Can it grow quickly enough to make an impact in the climate fight? Most everyone who’s committed their career to solving the climate crisis comes to the field because they have something they want to save. It’s the mountains for…
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Occidental Petroleum is leading the global charge to vastly expand the use of technologies that suck up carbon dioxide. The failure of company’s biggest-ever bet shows the challenges ahead. By Natasha White, Akshat Rathi, and Kevin Crowley The world wants to master the process of corralling carbon, and Occidental Petroleum Corp. is building a futuristic machine on the dusty plains of…
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Suriname’s window of opportunity to reap the full benefits of its offshore oil and gas sector is closing fast, said Guyana’s Vice President Bharrat Jagdeo during an October 12 press conference. Jagdeo was asked to respond to reports about Guyana being used as a “negative example” of how to govern an oil industry. In his…
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Production at Brazil’s state-run Petrobras hit close to four million barrels a day in this quarter, according to its chief executive officer, Jean-Paul Prates. In a post on X (formerly Twitter), Prates said Petrobras began producing oil in 1953 with just shy of three thousand barrels a day. “Today, @petrobras produces more than a thousand…
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