The Vreed-en-Hoop Shore Base (VEHSI) project being executed by NRG Holdings Inc. remains on schedule for first-phase completion despite the exit of Hadi’s World Incorporated.
Hadi’s is owned by Guyanese businessmen Nazar Mohamed and his son Azruddin. The duo sold...
The National Gas Company of Trinidad and Tobago Limited (NGC) and Point Lisas Nitrogen Limited (PLNL) have announced the successful conclusion of negotiations leading to the execution of a Gas Sales Contract (GSC). This agreement will govern the sale...
Trinidad and Tobago's Ministry of Energy and Energy Industries has officially unveiled its 2023 Shallow Water Competitive Bid Round. Minister Stuart Young stated, "The Shallow-Water Competitive Bid Round 2023 demonstrates the government's ongoing commitment to the further exploration and...
By Jerry Haar & Christina Caus - OilNOW
Guyana’s burgeoning oil production is on an unstoppable trajectory to transform the nation economically and socially. The government expects to take in US$1.63 billion this year in royalties and profit sharing. This...
Guyana’s Supreme Court has thrown out a lawsuit that challenged an environmental permit granted to ExxonMobil Guyana for its Liza 1 project. The applicants had contended that Guyana’s Environmental Protection Agency (EPA) breached the law when it modified ExxonMobil’s...
In a concerted effort to bolster port security and shoreline protection, a comprehensive port security seminar has opened in Georgetown, Guyana. This five-day training session, conducted in collaboration with the Maritime Administration Department (MARAD) and DIRECTEMAR Chile, will equip...
With an anticipated sum of US$1.629 billion from profit oil and royalties in 2023, the projection for the amount available for withdrawal and spending from Guyana's Natural Resource Fund in 2024 stands at US$1.16 billion.
The formula, encapsulated in the...
In a significant initiative aimed at empowering and educating young Guyanese girls, the Vurlon Mills Football Academy, in partnership with SBM Offshore Guyana, has unveiled the Women in Football Development Programme. It is slated to provide professional football coaching,...
Dyna-Mac, a Singapore-based provider of engineering, procurement, and construction services, has announced the successful acquisition of several contracts totaling a provisional sum of S$88.0 million from its valued repeat customers.
The primary contract underpinning this announcement involves the construction of...
By Dr. Lorraine Sobers - OilNOW
Beginning in 2015, Guyana’s hydrocarbon finds have been fast and fabulous: 11 billion barrels and counting; production has been sizeable and surging: 400,000 barrels per day and growing; incremental GDP has been swift and...
