Latest News

PNM wins Trinidad and Tobago election

(Trinidad Express) It’s the People’s National Movement (PNM) again. But with a reduced majority. The PNM has held on to government with a 22/19 election...

Canje Block’s Bulletwood-1 is a ‘Liza look alike’ – Westmount Energy

At 180km offshore Guyana in deep to ultra-deep water, the Canje Block is said to be highly prospective with an environment of disposition unique...

Brent outlook for 2020 stands at $42.35 as Guyana expected to lift 2 million more barrels

New oil producer Guyana is expected to lift 2 million barrels more of Liza crude this year, representing the country’s share of 5 million...

Twinning of Georgetown and Europe’s oil capital Aberdeen discussed at foreign meeting

High Commissioner of the United Kingdom to Guyana, Greg Quinn met with newly appointed Minister of Foreign Affairs and International Cooperation, Hugh Todd today...

Finance and Natural Resources for Presidential oversight in Guyana

The Office of the newly elected President of Guyana, Dr. Mohamed Irfaan Ali, will have direct oversight for finance, and natural resources, under which...

Trending

Canje Block’s Bulletwood-1 is a ‘Liza look alike’ – Westmount Energy

At 180km offshore Guyana in deep to ultra-deep water, the Canje Block is said to be highly prospective with an environment of disposition unique...

Brent outlook for 2020 stands at $42.35 as Guyana expected to lift 2 million more barrels

New oil producer Guyana is expected to lift 2 million barrels more of Liza crude this year, representing the country’s share of 5 million...

Twinning of Georgetown and Europe’s oil capital Aberdeen discussed at foreign meeting

High Commissioner of the United Kingdom to Guyana, Greg Quinn met with newly appointed Minister of Foreign Affairs and International Cooperation, Hugh Todd today...

Finance and Natural Resources for Presidential oversight in Guyana

The Office of the newly elected President of Guyana, Dr. Mohamed Irfaan Ali, will have direct oversight for finance, and natural resources, under which...
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Local Content

Policy calls for ‘first consideration of Guyanese’ in new O&G hotspot

In making decisions concerning recruitment and procurement to execute petroleum activities, operators and their contractors in Guyana’s emerging oil and gas industry are expected...

Guyana now has a Local Content Policy

The much-anticipated Local Content Policy (LCP) that sets the framework within which companies in Guyana’s oil and gas sector are expected to operate has...

Local Content Policy close to completion

The much-anticipated Local Content Policy (LCP) that would set the framework within which companies in Guyana’s oil and gas sector are expected to operate,...

Guyana to set up Local Content Compliance Unit to validate information submitted by oil companies – Dr Bynoe

The Guyana Government has announced plans for the imminent establishment of a Local Content Compliance Unit to validate information submitted by oil companies operating...

Stakeholders call for clearer definition of ‘local business’

The Georgetown Chamber of Commerce and Industry (GCCI), on Wednesday, hosted a Roundtable Discussion on Guyana’s third draft of the Local Content Policy. The...

Chamber’s forum on local content policy receives massive turnout

Members of the business community, the public and key stakeholders turned out in large numbers to the first open forum on Guyana’s 3rd draft...
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Latest News

PNM wins Trinidad and Tobago election

(Trinidad Express) It’s the People’s National Movement (PNM) again. But with a reduced majority. The PNM has held on to government with a 22/19 election...

Canje Block’s Bulletwood-1 is a ‘Liza look alike’ – Westmount Energy

At 180km offshore Guyana in deep to ultra-deep water, the Canje Block is said to be highly prospective with an environment of disposition unique...

Brent outlook for 2020 stands at $42.35 as Guyana expected to lift 2 million more barrels

New oil producer Guyana is expected to lift 2 million barrels more of Liza crude this year, representing the country’s share of 5 million...

Twinning of Georgetown and Europe’s oil capital Aberdeen discussed at foreign meeting

High Commissioner of the United Kingdom to Guyana, Greg Quinn met with newly appointed Minister of Foreign Affairs and International Cooperation, Hugh Todd today...

Finance and Natural Resources for Presidential oversight in Guyana

The Office of the newly elected President of Guyana, Dr. Mohamed Irfaan Ali, will have direct oversight for finance, and natural resources, under which...

Regional

PNM wins Trinidad and Tobago election

(Trinidad Express) It’s the People’s National Movement (PNM) again. But with a reduced majority. The PNM has held on to...

General Election 2020: Trinidad and Tobago decides today

(Loop News) Today, eligible electors from all over the country will cast their vote for the next government of...

South America’s emerging deepwater oil giants pledge strategic alliance

Following discussions over the last 24-hours between the newly elected Presidents of Guyana and Suriname, the two leaders announced...

Liza and Kwaskwasi are giants in the prolific Guyana-Suriname basin

The Guyana-Suriname basin has been the subject of much discussion since US oil major ExxonMobil made its world class...

Brazil doubled oil exports in July

(MercoPress) Brazilian oil exports more than doubled in July to 8.19 million tons, compared to 3.76 million tons shipped...
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Must Read

Oil tanker SKS SPEY lifts Guyana’s 3rd million-barrel cargo

The offloading of Guyana’s 3rd million-barrel oil cargo from the Liza Destiny FPSO to Norwegian flag-carrier SKS SPEY concluded on Sunday, marking the final...

Guyana stands united on settling Venezuela border controversy at ICJ – President Ali

President of Guyana Dr. Mohamed Irfaan Ali has committed to safeguarding the sovereignty of the South American oil producing country, noting that all Guyanese...

South America’s emerging deepwater oil giants pledge strategic alliance

Following discussions over the last 24-hours between the newly elected Presidents of Guyana and Suriname, the two leaders announced on Sunday their intent to...

‘Every cent of oil money must be accounted for’ – Guyana President reaffirms at inauguration

President of Guyana Dr Mohamed Irfaan Ali says his government will ensure transparency and accountability in the oil and gas sector, citing the phenomenal...

New Cabinet in place as Guyana government prepares for oil transformation

Nineteen persons were sworn in as ministers on Wednesday by newly elected Guyanese President, Irfaan Ali, who said the combination of youth and experience...

‘Tremendous work ahead’ for new government in safeguarding Guyana’s oil riches – Ramnarine

Former Energy Minister for Trinidad and Tobago, Kevin Ramnarine, is of the firm opinion that the finality of the five-month long 2020 polls represents...
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Opinions

Principles for natural gas agreement with the Government of Guyana

The Guyanese government under the contract is likely to have its own share of profit hydrocarbons to lift, including natural gas. A state-owned oil and gas company (‘the government oil & gas company’) will be appointed to lift such share, which will be taken in the common stream with the parties’ natural gas lifted as cost hydrocarbons and profit hydrocarbons. To govern such common stream, either there must be some form of balancing agreement between...

Commitment to joint sales for Guyana’s hydrocarbons

The parties will commit to dedicating their natural gas entitlement to joint gas sales and will authorize the operator to conduct various activities on...

Provision of information by the operators for Guyana’s natural gas development

Assuming that the joint venture will have limited facilities for the reinjection or storage of natural gas, the ability of the parties to take...

Guyana facing ‘series of shock and multiplier effects’ triggered by political crisis – Economist

By Bobby Gossai, Jr. - Economist The expected high growth rate of the Guyanese economy will be reduced by several factors outside of the limits...

Ownership of Guyana’s future natural gas to be lifted

Unlike the principles for the crude oil lifting agreement that could be in the disposition of crude oil, the disposition of natural gas must...

Petroleum Contracts

Agreement

between Government of Guyana and EEPGL + CNOOC/NEXEN + HESS

Agreement

between Government of Guyana and CGX Energy

Agreement

between Government of Guyana and Ratio Energy

Agreement

between Government of Guyana and Tullow/Eco Atlantic

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Video News

Exploration

Stena Carron set to arrive at Tanager-1 as search for more oil in Guyana continues

The hunt for more hydrocarbons continues offshore Guyana, this time outside of the prolific Stabroek Block, as ExxonMobil prepares to conduct a new drill...

‘Multiple high potential leads’ identified on Corentyne Block – CGX Energy

CGX Energy Inc.through CGX Resources Inc. (CRI), operator of the Corentyne Block offshore Guyana, under a Joint Operating Agreement with Frontera Energy Guyana Corp.,...

UK oil company strikes exploration deal in Jamaica

UK-based United Oil & Gas PLC said on Monday it has received approval from the Jamaican Government to take forward the Walton Morant Licence, Jamaica,...

Stena Carron to spud Tanager-1 at Kaieteur block

The Stena Carron drill ship is set to spud the first well on the 3.3 million acres Kaieteur block as operator, ExxonMobil, expands its...

Discoveries

Offshore drillers look to Guyana, Suriname as global market struggles to recover – S&P Global

(S&P Global) Off the coasts of Guyana and Suriname, exploration and production companies are turning to offshore drillers and services providers to help them...

World’s Largest Recent Offshore Oil Discovery Progresses Amid Political Tensions, Disputes

Nothing is ever easy or simple in the world of international offshore oil and gas development. That axiom is proving to be true...

Guyana Government releases ExxonMobil contract

The Production Sharing Agreement (PSA) between the Government of Guyana and ExxonMobil affiliate Esso Exploration and Production Guyana Limited was released today at a...
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Production

Brent outlook for 2020 stands at $42.35 as Guyana expected to lift 2 million more barrels

New oil producer Guyana is expected to lift 2 million barrels more of Liza crude this year, representing the country’s share of 5 million...

Oil tanker SKS SPEY lifts Guyana’s 3rd million-barrel cargo

The offloading of Guyana’s 3rd million-barrel oil cargo from the Liza Destiny FPSO to Norwegian flag-carrier SKS SPEY concluded on Sunday, marking the final...

Suriname’s world-class discoveries expected to be developed in shortest time possible: like Guyana’s Liza – Staatsolie MD

Suriname state oil company Staatsolie would like to see the country’s deepwater discoveries move to development in the shortest time possible, similar to the...

Oil tanker SKS SPEY will lift Guyana’s 3rd million-barrel oil cargo this weekend

Norwegian flag-carrier SKS SPEY will lift the third million-barrel oil cargo for Guyana this weekend. OilNOW understands the vessel is in a waiting area...