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Trinidad’s Energy Chamber urges short-term upstream gas investment amid bid round optimism

OilNOW -
Though Trinidad’s latest shallow water bid round was welcomed by its Energy Chamber, much concern was expressed about the need to stimulate short-term investment in existing acreage to prop up its liquefied natural gas (LNG) sector.  Launched on Oct. 4,...
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Activists fail in Court bid to stop Gas-to-Energy project

Shikema Dey -
The court orders sought by activists Vanda Radzik and Elizabeth Deane-Hughes to quash the Gas-to-Energy Environmental Permit granted to ExxonMobil Guyana Limited (EMGL) were refused by Justice Priya Sewnarine-Beharry. The lawsuit concerns the issuance of the Permit by the Environmental...
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Latin America’s crude oil production to soar in 2024

OilNOW -
Guyana and Brazil continue to drive supply in Latin America higher, with new analysis from S&P Global Commodity Insights projecting that the duo will lead a production boost by 400,000 barrels a day in 2024.  New numbers issued by the...
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New shore base project unaffected by Mohamed’s exit; still on track for Q4 first phase start-up

OilNOW -
The Vreed-en-Hoop Shore Base (VEHSI) project being executed by NRG Holdings Inc. remains on schedule for first-phase completion despite the exit of Hadi’s World Incorporated.  Hadi’s is owned by Guyanese businessmen Nazar Mohamed and his son Azruddin. The duo sold...
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Trinidad’s NGC and PLNL finalise landmark gas sales contract

OilNOW -
The National Gas Company of Trinidad and Tobago Limited (NGC) and Point Lisas Nitrogen Limited (PLNL) have announced the successful conclusion of negotiations leading to the execution of a Gas Sales Contract (GSC). This agreement will govern the sale...
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Young says Trinidad has learned from previous disappointing shallow round

OilNOW -
Trinidad and Tobago's Ministry of Energy and Energy Industries has officially unveiled its 2023 Shallow Water Competitive Bid Round. Minister Stuart Young stated, "The Shallow-Water Competitive Bid Round 2023 demonstrates the government's ongoing commitment to the further exploration and...
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Court says applicants “cherry-picked” evidence in Liza 1 permit case

OilNOW -
Guyana’s Supreme Court has thrown out a lawsuit that challenged an environmental permit granted to ExxonMobil Guyana for its Liza 1 project. The applicants had contended that Guyana’s Environmental Protection Agency (EPA) breached the law when it modified ExxonMobil’s...
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US$1.16 billion in oil revenues expected to be plugged into Guyana’s 2024 budget

Kemol King -
With an anticipated sum of US$1.629 billion from profit oil and royalties in 2023, the projection for the amount available for withdrawal and spending from Guyana's Natural Resource Fund in 2024 stands at US$1.16 billion. The formula, encapsulated in the...
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Guyana depends on 90% of trade via ships; port security critical – MARAD head

OilNOW -
In a concerted effort to bolster port security and shoreline protection, a comprehensive port security seminar has opened in Georgetown, Guyana. This five-day training session, conducted in collaboration with the Maritime Administration Department (MARAD) and DIRECTEMAR Chile, will equip...
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SBM Offshore-backed women in football programme launched to empower, educate Guyanese girls

OilNOW -
In a significant initiative aimed at empowering and educating young Guyanese girls, the Vurlon Mills Football Academy, in partnership with SBM Offshore Guyana, has unveiled the Women in Football Development Programme. It is slated to provide professional football coaching,...
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Kareshma Narine was one of the first Guyanese to take up a position aboard the Noble Bob Douglas drill...

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