News

News

Guyana will produce over 93 million barrels of oil this year as growth in sector surpasses 100% – IMF

Shikema Dey -
Guyana’s oil sector has been on an upward trajectory since production began in 2019 from ExxonMobil’s Liza Phase 1 development. And now, the International Monetary Fund (IMF) sees the country’s oil sector gross domestic product (GPD) growing over 100%...
News

Demand for shore base capacity in Guyana to skyrocket with 10 FPSOs in play

OilNOW -
The demand for shore base support services is set to grow tenfold as Stabroek Block operator ExxonMobil eyes at least 10 floating oil platforms offshore Guyana around the end of the decade. Exxon is forging ahead with its exploration and...
News

Guyana to beef up port security as oil bounty drives up marine traffic

OilNOW -
Since oil production began in 2019, Guyana’s marine traffic has increased exponentially, and its Maritime Administration (MARAD) is working to ensure that security at the ports is strengthened. MARAD has turned to Chile through its Ambassador to Guyana, Juan Manuel...
News

Exxon’s biggest discoveries in Guyana to date

OilNOW -
ExxonMobil had been on the hunt for black gold in Guyana’s offshore Stabroek Block since 2008 before it hit pay in 2015 after making its first discovery at Liza 1. It is now 2022 and the company has made 33...
News

T&T announces plans to review fiscal regime, make investments more favourable to oil companies

OilNOW -
Trinidad and Tobago’s National Budget, which was presented on Monday by Minister of Finance, Colm Imbert, contained new measures to help revive the country’s oil and gas sector. An impending major development is a review of T&T’s fiscal regime to...
News

TotalEnergies is Qatar’s first partner in mega North Field South LNG project

OilNOW -
TotalEnergies said it has again been selected by QatarEnergy to partner in a mega liquefied natural gas (LNG) project. The energy major had been chosen as the first partner for the 32 million ton per annum (Mtpa) North Field East (NFE) LNG project earlier...
News

BpTT gets green light for massive Cypre gas development project

OilNOW -
Bp Trinidad and Tobago (bpTT) disclosed on Friday that it has received the blessings of the Trinidadian government to proceed with the development of its Cypre offshore gas project. This decision, it said, followed recent meetings between Trinidad and Tobago’s...
News

Government to compensate property owners who will be displaced by Gas-to-Energy project – Attorney General

OilNOW -
A government delegation led by Guyana’s Attorney General, Mohabir Anil Nandlall, on Friday met with residents of several Region Three communities through which the upcoming Gas-to-Energy infrastructure will be built. These communities include Nouvelle Flanders and Wales, the legal...
News

Dredging of Guyana’s main river port for creation of two-way channel to begin soon, official says

OilNOW -
As oil and gas activities ramp up offshore Guyana, so does marine traffic traversing the country’s main channel – the Demerara River – and the government is working to ensure it can facilitate the rapid change. At present, the Demerara...
News

Guyana business group lobbying for law that would recognise contracts as collateral for loans

OilNOW -
President of the Georgetown Chamber of Commerce and Industry (GCCI), Timothy Tucker said the organisation is lobbying the Guyana government to pursue the type of legislative changes that would allow new companies to use their contracts as a means...
1...363364365...1,017Page 364 of 1,017

Latest News

NewsOilNOW -

Guyanese-American welder returns home to train 500+ Guyanese for oil and gas jobs 

For Mohamed Ally, welding is more than sparks and steel; it is legacy work. After more than four decades...

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.

Quick Access

Company Info

Social Networks