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Guyana’s economic transformation: Addressing the digital skills gap

OilNOW -
By Dr. Meredith Arnold McIntyre - OilNOW The Guyanese economy continues to grow very rapidly, driven by the booming oil sector and supported by the government’s modernization plans. GDP continues to expand at an unprecedented rate following growth of...
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Stena DrillMax targeting Basher-1 in new Exxon campaign off Guyana coast

OilNOW -
ExxonMobil has begun targeting the Basher-1 well in the Stabroek block, the company confirmed to OilNOW.  According to details provided by the Maritime Administration Department (MARAD), ExxonMobil has commenced drilling the Basher-1 well using the Stena DrillMax. Basher-1 represents one of...
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Rowleys says dialogue ought to be response to “difficulties” in Guyana, Venezuela border controversy

OilNOW -
Trinidad and Tobago Prime Minister, Dr. Keith Rowley believes that in the face of rising tensions surrounding the border controversy between Guyana and Venezuela, “dialogue” ought to be the response. He relayed this position on November 20 during a...
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TotalEnergies exits Canadian oil sands

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TotalEnergies announced on Nov. 20 that it has completed the sale of shares of TotalEnergies EP Canada Ltd. to Suncor. The sale comprises TotalEnergies’ participation in the Fort Hills oil sands asset in Alberta and associated midstream commitments. The consideration...
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Guyana surpasses 100 million barrels of oil production in first nine months of 2023

Kemol King -
For the period January to September 2023, ExxonMobil produced over 102 million barrels of crude offshore Guyana. Two floating production, storage and offloading (FPSO) vessels operating in the Liza field hit the milestone together - Liza Destiny produced nearly...
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Regulator says impact studies not needed for eight solar farms earmarked for Guyana coast

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Guyana’s Environmental Protection Agency (EPA), in a November 20 notice, announced that eight proposed solar farms, collectively expected to generate 33MWp, are exempt from the requirement of environmental impact assessments (EIA) in their environmental authorization processes. The farms will...
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Subsea7 to decommission subsea infrastructure in the Campos basin for Shell

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Subsea7 said it was awarded a sizeable contract by Shell for the decommissioning of subsea infrastructure in the Campos basin offshore Brazil, in a November 20 update.  Subsea7 awarded major contract amendment for Petrobras’ Mero 4 field development  | OilNOW Subsea7’s...
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Stabroek COVs could exceed 2024 well projection with Chevron’s takeover of Hess – Deakin

OilNOW -
Chevron’s recent takeover of Hess has major implications for Guyana’s oil industry and its blossoming economy, according to Americas Market Intelligence (AMI) Director of Energy Practice, Arthur Deakin. For instance, Deakin foresees an uptick in the wells planned for...
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CGX, Frontera stocks plunge after JV said it found more oil offshore Guyana

OilNOW -
CGX Energy Inc. and Frontera Energy Corporation, partners in a joint venture (JV) operating the Corentyne acreage offshore Guyana, have experienced notable declines in their stock values. CGX’s TSE stock (OYL.V) plunged 60% from CA$0.92 on November 9 to CA$0.37...
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Petronas mulling development in Suriname block shared with ExxonMobil

OilNOW -
A high-level delegation from Petronas recently convened discussions with the Suriname government to detail plans for a potential project at its offshore block 52.  A report from Barbados NationNews said that Petronas executives disclosed intentions to undertake further exploration drilling...
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GGI to launch new call this July for proposals to drive capacity building in Guyana

The Greater Guyana Initiative (GGI) will open a new call for proposals in July, inviting projects aimed at advancing...

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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