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The Paradox of Plenty: Reflections on Implementing Guyana’s Local Content Laws

OilNOW -
By Vivian M. Williams, Esq. and Dr. Terrence Blackman - OilNOW In October 2022, the Guyana Business Journal (GBJ) challenged a panel in Episode V of its Webinar series Transforming Guyana to deliberate on How Guyana could maximise local capture...
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Noble Discoverer heads to Guyana to drill CGX Wei-1 well in Corentyne Block

OilNOW -
CGX Energy is on track to spud the Wei-1 well by January 31 as the Noble Discoverer has completed its work with Shell offshore Trinidad and Tobago. According to reports, the rig has departed for Guyana waters. The Wei-1 well will...
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Demerara channel now cleared for larger vessels as VEHSI project progresses

OilNOW -
Ships with a nine-metre draft can now traverse Guyana’s main channel – the Demerara River as NRG Holdings Inc. has completed the first phase of its Vreed-en-Hoop Shore Base project. After six months of work, NRG has managed to extend...
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Bidders show favourable interest in Trinidad’s onshore, nearshore round

OilNOW -
Bids were submitted for eight out of 11 of Trinidad and Tobago’s onshore and nearshore blocks, which were put up for auction in 2022. The Ministry of Energy and Energy Industries closed the auction on Monday, January 9 indicating that...
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Hess’ maiden carbon payments set to plug US$150 million into Guyana’s 2023 budget

OilNOW -
The 2023 national budget to be presented by the Guyana government on Monday has just been given a boost of US$150 million by Stabroek Block co-venturer, Hess Corporation. Guyana has received its first payment for carbon credits under its agreement...
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Exxon’s Ranger discovery: The forgotten wild cat?

Shikema Dey -
ExxonMobil’s Ranger find in the Stabroek Block is in a league of its own. A wildcat, the Ranger-1 well is in an area with different geology when compared to other fields where Exxon and its partners have hit the jackpot...
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APA Corporation looking to establish cross-border communication protocol with Guyana on oil spill preparedness

OilNOW -
With Guyana and Suriname sharing a close border, either country can face devastating effects should an oil spill occur on either side. Considering this, APA Corporation is mulling a cross-border communication protocol with Guyana to prepare for such an...
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Exxon on track to add 220,000 more bpd to Guyana output in 2023

OilNOW -
ExxonMobil’s third development project in Guyana’s offshore Stabroek Block – Payara is almost complete and remains on track for its early 2023 start-up. Hess’ Chief Executive Officer, John Hess said the project is around 93% complete. It will take the Stabroek...
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‘Gas-to-power’ seen as ‘most logical’ step for South America’s rising oil giant

OilNOW -
With Guyana’s natural gas reserves pegged at around 16 trillion cubic feet (Tcf), Chief Executive Officer (CEO) of Trinidad and Tobago’s Energy Chamber, Dr. Dax Driver believes that converting it to electricity is the “most logical” avenue at this...
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At over US$12.5 billion; Exxon’s 5th Guyana project will be largest ever to date

Kemol King -
ExxonMobil’s proposed Uaru development project is now estimated to cost US$12.683 billion (GY$2.638 trillion). This is stated in the Environmental Impact Assessment (EIA) for the project, compiled by Acorn International. The new cost reflects the impact of inflationary pressures...
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OpinionsOilNOW -

Letter-to-the-Editor: Guyana’s oil and gas sector is experiencing responsible growth

Dear Editor, I am constantly engaged with reports across a range of industries—none more prominent in recent years than the...

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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