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Dredging in Demerara Channel to continue through 2025

OilNOW -
The Maritime Administration Department (MARAD) announced that dredging works will continue in the Demerara Main Ship Channel and off the West Coast of Demerara near Plantation Best. The operation spans 34.74 square nautical miles, or 119.2 square kilometers. It is...
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Trinidad to overhaul energy project approvals in bid to boost oil & gas sector

OilNOW -
Trinidad and Tobago’s newly appointed Energy Minister, Roodal Moonilal, on Wednesday said the government will launch a national symposium aimed at streamlining the country’s energy project approval process, in one of the first policy initiatives of the new administration...
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Decision reached in arbitration over Hess’ stake in Guyana’s Stabroek Block

OilNOW -
A decision has been reached in the high-stakes arbitration between ExxonMobil and Hess Corporation over a prized oil asset offshore Guyana, according to a Reuters report this week.  The ruling by the Paris-based International Chamber of Commerce (ICC) will determine...
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Guyana launches Global Student Exchange with EU & UG on health, oil and gas, engineering sectors

OilNOW -
The European Chamber of Commerce Guyana (ECCG), in partnership with the European Union and the University of Guyana (UG), officially launched the Global Exchange Initiative (GEI), the first undergraduate programme of its kind in the country. The initiative aims to...
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Petrobras acquires 13 new exploration blocks in ANP’s 5th concession round

OilNOW -
Petrobras has secured ten blocks in the Foz do Amazonas Basin and three in the Pelotas Basin during Brazil’s 5th Cycle of the Permanent Concession Offer by the National Agency of Petroleum, Natural Gas and Biofuels (ANP). In the Foz...
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Exxon gives back portion of Stabroek Block to Guyana government

OilNOW -
ExxonMobil and its partners in Guyana have relinquished 2,534 square kilometers of the Stabroek offshore oil block to the government, fulfilling a contractual obligation to return a portion of the licensed area at a key juncture, the Ministry of...
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‘Entirely misleading’ – ExxonMobil rejects media comparisons of IFRS profits and oil profit share

OilNOW -
ExxonMobil Guyana’s Vice President and Chief Financial Officer, John A. Colling, has rejected recent claims in the local media that the Stabroek Block Contractor Group manipulates accounting standards to inflate its financial results. In a letter published in the Stabroek...
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Noble launches pre-qualification for offshore scaffolding services in Guyana

OilNOW -
Noble Finance Company, an affiliate of Noble Corporation, has issued a Request for Information (RFI) to pre-qualify companies capable of delivering scaffolding services offshore Guyana. The company is seeking detailed responses from vendors to support its operations in the Stabroek...
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Technology and talent driving Blue Water Shipping’s success in Guyana

OilNOW -
Companies that have managed to balance training, competency enhancement, and investment are among the “most successful” in Guyana’s booming energy sector. And those very values are key to Blue Water Shipping, according to its Senior Vice President of Sales...
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Could CGX’s loss be another company’s reward? The Wei-1 scenario

Shikema Dey -
When CGX Energy Inc. announced a discovery at the Kawa-1 well in February 2022, expectations soared. For the first time in 20 years, CGX had finally delivered a historic find, potentially placing Guyana on track for a second major...
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Dredging in Demerara Channel to continue through 2025

The Maritime Administration Department (MARAD) announced that dredging works will continue in the Demerara Main Ship Channel and off...

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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