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Guyana must use all fora to advance facts on border case – Jagdeo

OilNOW -
The recent meeting of 11 South American Presidents and one Prime Minister in Brazil presented a significant opportunity for Guyana. According to Vice President, Dr. Bharrat Jagdeo, the occasion offered the country the chance to provide a factual perspective...
News

Trinidad wants US to amend sanction waiver on Venezuela for Dragon gas deal

OilNOW -
Trinidad and Tobago wants the United States government to make changes to the terms of a waiver that authorised the joint development of an offshore gas field with Venezuela, according to the Caribbean nation's Minister of Energy.  The waiver, issued...
News

Environmental concerns halt Petrobras’ plans for equatorial prospect in offshore Brazil

OilNOW -
Petrobras had plans to drill the Morpho 1-APS-57 prospect in block FZA-M-059 but this was stopped short when the environmental agency, the Institute of Environment and Renewable Natural Resources (IBAMA) denied the license after concerns were lodged.  Chief Executive Officer...
News

Van Oord’s Stingray barge mobilising for Gas-to-Energy project

Kemol King -
Guyana’s Maritime Administration Department (MARAD) issued a notice to mariners to navigate with extreme caution, as ExxonMobil moves to commence pipelaying activities.  MARAD has provisioned June 1 - November 1 as the period for these activities. It said the shallow...
News

Ali asked Lula to intervene on Petrobras’ decision not to bid in Guyana auction – Jagdeo

OilNOW -
Petrobras, Brazil’s state oil producer, has decided not to participate in the ongoing offshore licensing round in Guyana. Vice President of Guyana, Dr. Bharrat Jagdeo told reporters on Thursday he had a meeting with Petrobras officials in New York,...
News

Oil production begins at largest deepwater field in the world

OilNOW -
Petrobras said it started production with the Almirante Barroso floating production, storage and offloading (FPSO) platform on May 31, in the Búzios field, offshore Brazil. The start-up adds 150,000 bpd of oil output and 6 million cubic metres (m³) of...
Exploration

Equinor wildcat well fails to deliver pay

OilNOW -
Equinor Energy AS, operator of production licence 923, has concluded the drilling of wildcat well 31/2-23 S, the Norwegian Petroleum Directorate said on Thursday. The well was drilled about 3 kilometres west of the Troll field in the North Sea and about...
News

G-Boats’ newest tugs were named by Guyanese students

OilNOW -
Exxon is continuing to build support for its petroleum operations offshore Guyana, with the recent addition of two state-of-the-art tugs. These impressive vessels, named MV Kalina and A’Rinra, will play a crucial role in guiding oil tankers at the...
News

Guyanese-Italian JV wins contract to lay onshore aspect of Gas-to-Energy pipeline

Kemol King -
The final major contract for the development of the Gas-to-Energy project has been awarded, for the onshore pipeline. A joint venture of the Guyanese company, GAICO Construction and General Services Inc., and the Italian company, SICIM, secured this work...
News

EPA issues enforcement notice to Exxon as court deliberates on stay of execution

OilNOW -
Guyana’s Environmental Protection Agency (EPA) has served Stabroek Block operator, Esso Exploration and Production Guyana Limited (EEPGL) with a notice to provide an unlimited parent and/or affiliate company guarantee. This revelation was made on Wednesday by the EPA’s lawyer,...
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Guyana's Oil LedgerKemol King -

Guyana oil fund gets US$228 million in October

Guyana received US$228 million (GY$48 billion) in oil revenues in October, according to the latest update on the operations...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

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