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City Chamber will continue to advocate for sanctity of contract – President

OilNOW -
President of the Georgetown Chamber of Commerce and Industry (GCCI), Timothy Tucker, said in relation to the 2016 Stabroek Block Production Sharing Agreement (PSA), that the organisation's code of conduct requires adherence to contract sanctity. “There's no changing of that,”...
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South America’s offshore production will exceed onshore by 2024

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New wells drilled in South America in 2014 contributed to 8% of new wells globally in the offshore sector and 4% in the onshore. And according to Norway-based Rystad Energy, activity has been on a downward trend since then,...
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‘Even if global solar capacity quadruples by 2030, it would not be enough’ – Int’l energy alliance

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The International Solar Alliance (ISA) – an international energy union working to make solar energy accessible to all – is advocating for more investments in solar energy projects. The alliance’s Director General, Dr. Ajay Mathur, argues that even if...
Exploration

Regulators are present on both FPSOs doing real-time monitoring – Bharrat

OilNOW -
The capabilities of key agencies tasked with monitoring the offshore oil and gas operations in Guyana have been strengthened over the last two years and work is ongoing to further build capacity as production ramps up in the new...
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Guyana’s renewable agenda progresses with newly commissioned solar farm at Lethem

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Guyana has made it clear that it intends to stimulate growth with clean, cheap and reliable energy and it is already on that path. On Friday, the South American nation commissioned Lethem’s one-megawatt solar energy farm at a cost...
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‘Natural gas can reduce Caribbean region’s generation costs by 40%’ – President Ali

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With the high cost of electricity in Guyana, authorities have been putting arrangements in place for the landmark gas-to-energy project which, in addition to cutting the cost of power in the country, is expected to also deliver benefits to...
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Mozambique, Guyana, Suriname hold ‘key wells to watch’ in remainder of 2022 – Westwood

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Declaring that high impact exploration is showing signs of recovery, Westwood Global Energy named Guyana, Mozambique, and Suriname as countries where ‘key wells to watch’ are located. High impact wells, Westwood said, are those targeting more than 100 million barrels...
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MODEC announces JV to compete for “challenging largescale FPSO projects”

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President and Chief Executive Officer of Modec, Takeshi Kanamori said Friday the company came to an agreement with Toyo Engineering Corporation to establish a joint venture firm for the engineering, procurement and construction and installation (EPC) business of floating...
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Regulator greenlights Guyana’s first wind farm

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Guyana’s Environmental Protection Agency (EPA) recently gave the greenlight to the developers looking to erect the country’s first wind farm, ushering in a project that will inject 25.2 megawatts (MW) of renewable power into Guyana’s energy mix. In a notice,...
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Exxon has proven it has a second-to-none approach in growing oil, gas stocks – CEO Woods

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While ExxonMobil Corporation is one of the few oil majors to earn record-breaking quarterly earnings totaling some US$17.9 billion, it did not do so by some mere stroke of good luck. It was due to its commitment to cost...
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Exxon hits 900,000 barrels of oil per day in Guyana as Yellowtail reaches full capacity

ExxonMobil Guyana today announced that the country’s daily oil production has reached a new milestone of 900,000 barrels per...

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