News

Over 4,000 locals now employed in Guyana’s O&G sector – Bharrat

When Guyana discovered oil in 2015, it had no capacity whatsoever to fulfill the ever-increasing needs of the budding sector, but the country has come a far way. It is now 2022 – seven years on, and the country has...

As Petrobras divests, Norway-based E&P snatches up deepwater blocks

Norway’s BW Energy has reached an agreement with Brazil’s state-owned Petrobras to acquire two of its major deepwater clusters – Golfinho and Camarupim – in a deal costing up to US$75 million. The sale is part of Petrobras' strategy to divest assets and focus...

Company quickly contains small oil spill off Australia coast

Jadestone Energy – an oil and gas company with operations focused in the Asia-Pacific region – was able to quickly identify and stop a small oil spill in the Montara field offshore Australia. Giving an update on the matter, the...

Fire Juggling in the Energy Sector: Part 2

Dr. Lorraine Sobers – OilNOW Last week, we looked at the “fire juggling act” between renewable energy development and natural gas development with a regional outlook. I suggested that Guyana and other Caribbean Community (CARICOM) countries can reduce their low...

Ramps had threatened Guyana customs regulator with lawsuit over $20M fine

After being fined GY$20 million for breaching customs law earlier this year, Ramps Logistics had threatened the Guyana Revenue Authority (GRA) with a lawsuit if it did not return the fine. The letter dated March 4, 2022, from its attorney-at-law,...

Exciting discoveries off Africa result in oil block awards to Shell, APA by Uruguay

Uruguay announced on Thursday that it awarded three of six oil blocks on its continental shelf, through its state energy company, National Administration of Fuels, Alcohols and Portland (ANCAP). ANCAP said the winning bids for the blocks are Block OFF-2: Shell, which...

New laws will award permits by default if regulators don’t meet deadlines – Guyana Attorney General

As it finalises legislation to govern the efficiency of the business environment in Guyana, government is including detailed provisions to prevent corruption and negligence from slowing up permit awards. Attorney General, Mohabir Anil Nandlall said these provisions will allow for...

Five high-impact wells being targeted offshore Suriname this year – Staatsolie CEO

Drilling operations are ramping up offshore Suriname, one of South America’s newest deepwater hotspots, with five high impact wells being targeted by International Oil Companies (IOCs) this year. The country’s neighbour to the west, Guyana, now holds the 17th...

Guyana’s largest shore base seeking vendors to expand local capacity

In keeping with Guyana’s strict Local Content regulations, the Guyana Shore Base (GYSBI) is on the hunt for local vendors that fit the 40 sectors outlined in Schedule 1 of the Local Content Act. “GYSBI has committed to this undertaking to...

Exxon prepares to tender for construction of Guyana’s onshore gas pipeline

ExxonMobil on Thursday issued a Request For Information (RFI) for the construction of Guyana’s Gas-to-Energy onshore pipeline. It wants to use the information to compile a list of qualified bidders. In the public RFI, Exxon said it plans to install an onshore...

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Dominican Republic can help Guyana bridge gaps, place progress on par with developed world- Pres. Ali

Guyana's President, Dr. Irfaan Ali deemed the Dominican Republic a pivotal ally that can help his country bridge many...