News

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...

ExxonMobil’s sixth Guyana project proposed for the Stabroek Block will develop the Whiptail, Pinktail and Tilapia discoveries, according to a project summary from the Environmental Protection Agency (EPA). Rystad Energy’s 2022 benchmarking update on Guyana estimates that these reservoirs have...

ExxonMobil Corporation announced it has reached an agreement with Bangchak Corporation to sell its interest in Esso Thailand. This includes the sale of a refinery, select distribution terminals, and a network of Esso-branded retail stations.  Exxon said this transaction is...

Japan’s MODEC Inc. announced on Monday that the Anita Garibaldi MV33 floating, production, storage and offloading (FPSO) vessel has arrived in Brazilian waters and is scheduled for commissioning before being deployed to the Campos basin. MODEC said the final commissioning...