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Equinor advances gas field development in Brazil’s Campos Basin

OilNOW -
Norwegian oil and gas company Equinor, in partnership with Repsol Sinopec Brasil and Petrobras, has submitted declarations of commerciality and plans of development for two substantial fields in the BM-C-33 concession in the Campos Basin, offshore Brazil. Equinor is the...
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Maduro announces signed deal for Dragon Gas development with Trinidad

OilNOW -
Venezuelan President Nicolas Maduro posted on X, formerly Twitter, that his government has closed the deal with Trinidad and Tobago to see the development of the Dragon Gas field that straddles both nations.  In a statement issued by the Venezuelan...
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Bids invited for Guyana’s oil marketing contract

OilNOW -
Guyana’s Ministry of Natural Resources has invited bids for the provision of marketing services for the country’s oil entitlement from ExxonMobil’s Stabroek Block production. The contract is expected to be awarded late October to early November. The notice said the...
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More transparency needed in Guyana’s maiden bid round

Shikema Dey -
“Quite successful” was the review given by Americas Market Intelligence (AMI) Energy Co-Director, Arthur Deakin, to the results of Guyana’s first licensing round. However, the analyst says more transparency is needed regarding details of the bids. The bids were...
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First floating wind unit built by SBM Offshore installed for Provence Grand Large project

OilNOW -
SBM Offshore, builder of Guyana's floating production, storage and offloading (FPSO) vessels, has made another achievement in its pursuit of cleaner, greener energy solutions, this time by harnessing the power of the ocean to generate wind energy. The company successfully...
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US says Guyana has right to develop its resources, after Venezuela tantrum

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The United States has publicly endorsed Guyana's sovereign right to utilise its natural resources, in the wake of a statement from Venezuela objecting to Guyana’s offshore licensing round.  Ambassador Brian A. Nichols, Assistant Secretary for Western Hemisphere Affairs at the...
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If there’s one problem Guyana’s political rivals agree on, it’s Venezuela

OilNOW -
Guyana's political landscape is often polarised, but when it comes to Venezuela’s claims for their territory, they are never at loggerheads.  The government and opposition are aligned against a recent threat from Venezuela.  Amanza Walton-Desir, Member of Parliament and Shadow Minister...
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Ali takes Venezuela’s threats on bid round to UN General Assembly

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Venezuela’s latest threats against Guyana were brought to the world stage by its President, Dr. Mohamed Irfaan Ali who reaffirmed that his government remains resolute in its bid to resolve the border controversy with the Bolivarian Republic in an...
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Guyana says Venezuela’s latest overture puts peace in the region at risk

OilNOW -
Guyana has signaled that Venezuela’s recent statements on the ongoing border controversy, including attempts to undermine Guyana’s bid round, are a threat to peace in the region. The Venezuelan government has criticised Guyana's decision to hold a licensing round for...
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OAS Sec. General slams Venezuela for “intimidatory tactics” with recent statement on Guyana’s bid round 

OilNOW -
Secretary General of the Organization of American States (OAS) Luis Almagro has criticized Venezuela for what he deems are “intimidatory tactics” after the Spanish nation condemned Guyana’s recent bid round.  Hours after Venezuela’s communique, Almagro took to Twitter and said:...
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Guyana’s power demand hits record high at 221.3 megawatts 

Guyana has recorded its highest-ever electricity demand this year, with peak consumption reaching 221.3 megawatts (MW) in September. The...

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