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Shell has hit pay at Namibia’s rising oil star – the Orange basin, according to Upstream Online in a January 23 report that said early signs from its Jonker-1 exploration probe “are promising”. Northern Ocean’s semi-submersible rig Deepsea Bollsta began...

US-based private financial and investment company, The Motley Fool, says ExxonMobil’s fifth development project off the coast of Guyana is a clear indication of the major’s confidence in the oil market. The Uaru development, set to deliver first oil in...

Guyana plans to spend a little over 50% of its oil windfall revenues over the years 2023-2026, on national development priorities heavily geared toward modernising public infrastructure and improving vital social services. The expenditure projections are included in the government’s...

The floating production, storage and offloading (FPSO) vessel for the bp-operated Greater Tortue Ahmeyim (GTA) liquefied natural gas (LNG) project has started its journey towards the project site off the coasts of Mauritania and Senegal. On Monday, bp said the...

The fourth quarter "affirmed a distinctive new phase" in the energy sector up-cycle for the global oil field services giant Schlumberger, now SLB. The company reported earnings for its fourth quarter increased from the same period last year and beat...

Guyanese authorities are in the process of revising the National Land Use Plan in an effort to efficiently streamline the increasing need for shore bases and other oil and gas support facilities.  This is outlined in the Environmental Impact Assessment...

Guyana’s Prime Minister, Mark Phillips has informed the country’s Parliament that the landmark Gas-to-Energy project will cost approximately US$1.8 billion. In providing a breakdown of the project costs, Phillips said the pipeline cost is US$1 billion, which includes the entire...

ExxonMobil Guyana’s prime contractor, Schlumberger (SLB), is required to resubmit an application for environmental authorisation to operate its Houston, East Bank Demerara source storage and calibration facility. This was confirmed to OilNOW by the head of the Environmental Protection Agency...

Guyana’s Finance Minister, Dr. Ashni Singh said Monday that the government plans to remove the 14% value added tax (VAT) currently being charged for importation of new electric vehicles (EV). New, in this context, means the vehicles are less than...

Guyana’s Ministry of Education is seeking a consultant to conduct a national skills audit to aid human development efforts. This is part of the government’s plans to prepare the country for its oil-fueled modernisation. Oil production continues to expand...