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Guyana’s September auction will not include onshore blocks – VP

OilNOW -
Guyana’s upcoming oil blocks auction will not include any onshore acreage, Vice President Dr. Bharrat Jagdeo told reporters during a press conference on Friday. Government needs more time to determine whether the auction would disenfranchise nearby communities. “Onshore… we have a...
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Guyana removes cement tax to facilitate oil-driven construction boom

OilNOW -
Guyana’s Minister of Finance, Dr. Ashni Singh on Friday announced the removal of Value Added Tax (VAT) on cement, responding to the need to support the construction boom the South American nation is experiencing. Effective April 29, the government’s expectation...
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Guyana on track to hit 360,000 barrels per day by third quarter

OilNOW -
Guyana’s prolific Stabroek Block continues to churn out successful results for operator ExxonMobil (XOM) and its partners Hess and CNOOC, and by the third quarter  2022, production is expected to ramp up significantly. During the oil major’s first quarter earnings...
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Guyana, Brazil & West Africa pushing billion-dollar subsea opportunities for TechnipFMC

OilNOW -
With a robust market outlook for the remainder of 2022, TechnipFMC’s subsea opportunities are being led by Guyana, Brazil, and West Africa with massive oil and gas projects set to bring in almost US$20 billion. TechnipFMC’s Chairman and Chief Executive...
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Guyana can leapfrog other economies with renewables transition – US Ambassador

OilNOW -
United States Ambassador to Guyana, Sarah-Ann Lynch told a recent energy roundtable that the South American country is in a unique position in the race to transition to renewable energy sources, due to its small size and relatively low energy demand. The...
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Saudi Arabia leads as oil producing states set to rake in US$2.5 trillion in revenues

OilNOW -
For Espen Erlingsen, Head of Upstream Research at Rystad Energy, the era of trillion-dollar revenues from the oil and gas sector seemed like it had passed a year ago. But new research by the Norway-based energy research and business intelligence...
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Booming economy gives Guyana easier access to financing for grid upgrade – expert

Kemol King -
Guyana’s Gas to Energy project will be a gamechanger for the new oil producer. But on its own, this mega project will not be enough to eliminate blackouts. International Economist, Dr. Justin Ram said it should be paired with...
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Volunteer Youth Corp gets another GY$20 million from ExxonMobil Guyana for STEM programme

OilNOW -
ExxonMobil Guyana marked the 10th anniversary of its partnership with Volunteer Youth Corps Inc. (VYC) with a GY$20 million contribution to see its Science, Technology, Engineering and Mathematics (STEM) afterschool programme continue in Regions Three and Four. According to Exxon’s local Production Manager,...
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First Tesla imported as Guyana pushes electric car industry

OilNOW -
The first Tesla car has emerged on Guyana’s shores as one Guyanese businessman, Samuel Chandool, looks to propel the electric car industry. The Tesla Model Y arrived in Guyana at a time when the Energy Agency is looking to install...
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Uaru to carry similar FPSO size as Yellowtail – EIA

OilNOW -
Though still in the planning stages, ExxonMobil Guyana has indicated that its Uaru Project in the Stabroek Block is expected to carry similar development and production characteristics as its massive US$10B Yellowtail venture. According to ExxonMobil Guyana in its Environmental Impact...
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Energy InsightsChevy Devonish -

The Oil Pollution Prevention, Preparedness Response and Responsibility Act: Liability 

In my last piece, I gave an overview of Guyana’s new Oil Pollution Prevention, Preparedness Response and Responsibility Act...

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