Energy Insights

Energy Insights

CCJ ruling confirms process by which Stabroek co-venturers apply for and are granted project approvals is lawful

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By Chevy Devonish In a previous article we examined how the Caribbean Court of Justice (“CCJ”) in Attorney General of Guyana v Environmental Protection Agency CCJ 16 (AJ) GY, to my mind, settled the important question of: Whether Guyana’s...
Energy Insights

Recent CCJ decisions settle important questions relating to petroleum operations in Guyana

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By Chevy Devonish Guyana’s highest court, the Caribbean Court of Justice (CCJ) recently handed down two significant decisions which will affect future oil and gas operations and litigation in the South American country. These decisions are Ramon Gaskin v. Minister of...
Energy Insights

The key legal instruments governing Guyana’s oil and gas industry

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By Chevy Devonish In the first article of this column, I indicated the intention to map and distill the entirety of the legal framework directly (specifically governs oil and gas production and related activities) and indirectly (does not directly govern...
Energy Insights

Distilling Guyana’s Oil and Gas Regulatory Framework: Interpreting and Applying section 94 (1) of the Petroleum Activities Act

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By Chevy Devonish On 24th June 2024, Guyana’s High Court ordered that section 94 (1) of the Petroleum Activities Act (PAA) requires that the Minister of Natural Resources (the Minister) and ExxonMobil Guyana Ltd. (ExxonMobil) be added to ongoing proceedings...
Energy Insights

Distilling Guyana’s Oil and Gas Regulatory Framework: The Introduction

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By Chevy Devonish ExxonMobil Guyana Limited (ExxonMobil), and its partners Hess and CNOOC started oil and gas exploration in Guyana in 2008, and the first significant discovery, Liza-1, was made in 2015. In his 2024 budget speech, Dr. Ashni Singh, Senior...
Energy Insights

Rowley walks tightrope between Venezuela gas deal and defense of Guyana’s sovereignty

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Prime Minister Dr. Keith Rowley of Trinidad and Tobago finds himself at the intersection of geopolitical issues that place him and his country in a sensitive but crucial position. On one hand, he must navigate the growing tensions between...
Energy Insights

The implications of Tullow’s Orinduik departure

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Tullow Oil has decided to sell its stake in the Orinduik Block, located offshore Guyana. At first glance, one might perceive this to indicate a lack of confidence in the prospectivity of the Orinduik Block. However, upon closer inspection,...
Energy Insights

Exxon made US$56 billion last year. So, what?

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ExxonMobil made a US$55.7 billion profit in 2022. That is a huge number. So, when Guyanese media outlets report on the oil major’s earnings, many locals are quick to assume that these earnings are Esso Exploration and Production Guyana...
Energy Insights

Guyana goes after reforms to modernise oil sector

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In its 2020 manifesto, the People’s Progressive Party/Civic administration pledged to ensure better contract management for the Stabroek Block Production Sharing Agreement (PSA) and future contracts. In just two years, the government has embarked on a number of legislative and...
Energy Insights

Bring on the trade missions: Guyana needs healthy dose of imported capabilities to support development agenda

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In November, Guyana welcomed trade missions from the United Kingdom, USA, and Canada. Similar engagements are planned with France and India, indicative of the government's position that the country is “open for business.” Senior Minister in the Office of the...
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Exxon to host virtual feedback session for Guyana vendors

ExxonMobil Guyana Limited (EMGL) is organizing a Contracting Activity Feedback Session for vendors on Thursday, December 12, 2024.  ExxonMobil initiates...

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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