News

Global Analytical Group, Wood Mackenzie said it expects low-key, direct negotiations rather than a proliferation of high-profile licensing rounds as countries look to accelerate their oil and gas potential. But even with that said, WoodMac noted that several licensing rounds...

Guyana’s Finance Minister Dr. Ashni Singh on Wednesday oversaw the signing of the Operational Agreement for the Management of the Natural Resource Fund (NRF) of Guyana between the Board of Directors of the Fund and the Bank of Guyana...

The industry has been asking for months when a Final Investment Decision (FID) for Suriname’s Block 58 would be made, but there has been no clear indication. There has however been speculation and opinions as to why there has...

John Fernandes, a household Guyanese name and brand has secured a US$4 million corporate loan from the International Development Bank (IDB) to secure Guyana’s second mobile crane. The deal was overseen by the country’s Minister of Finance, Dr. Ashni Singh...

The semi-submersible Noble Discoverer rig has arrived in Guyana to spud CGX Energy’s Wei-1 prospect in the Corentyne Block. This was confirmed to OilNOW by an official from Guyana’s Maritime Administration (MARAD).  Now, all bets are on Wei, a prospect deemed...

President of Guyana, Dr. Mohamed Irfaan Ali strongly disagrees with suggestions that the country’s windfall revenues from oil production should be distributed to households, across the board. He made this clear during a press conference in Georgetown on Tuesday. The...

A review of the Liza Field Development Plan (FDP) and license is on Guyana’s agenda for 2023 to allow for the production of natural gas for commercial use in the country.  Its Senior Minister of Finance, Dr. Ashni Singh made...

Trinidad and Tobago’s Energy Chamber believes the State is well positioned to replenish its dwindling gas reserves by using a pipeline to channel resources from Venezuela. The Chamber recalled that it had submitted a six point plan to Trinidadian authorities...

Building on its ISO 9001:2015 certification, GYSBI – Guyana’s largest shore base recently announced that it is now ISO 45001:2018 certified. ISO 45001 is an international standard that specifies the requirements for a management system for occupational health and safety...

India and China – two of Guyana’s biggest and longest development partners have been invited to throw in bids in the South American nation’s ongoing 2022 licensing round. A total of 14 deepwater and shallow-water blocks are up for grabs...