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...
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...
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...
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...
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,...
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...
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...
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...
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...
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...