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Judgment on validity of Guyana’s oil fund law set for March

OilNOW -
Come March 17, 2023, Guyana’s High Court Judge, Navindra Singh is expected to hand down his ruling in the challenge to the passage of the Natural Resource Fund (NRF) Bill. Opposition Chief Whip, Christopher Jones and Trade Unionist Norris Witter,...
News

Guyana ties with Saudia Arabia for highest volume of oil and gas added since 2015 – S&P Global Platts

Shikema Dey -
Unprecedented. That best describes Guyana’s oil and gas industry’s ascent in just seven short years. And S&P Global Platts believes that the country has set a new paradigm for accelerated deepwater development. In its latest report, S&P outlined that Guyana...
News

Petrobras kick starts tender process for two new FPSOs

OilNOW -
Brazil’s state-owned Petrobras launched a tender for the supply of two new floating, production, storage, and offloading (FPSO) vessels for its shared Atapu and Sépia reservoirs. Bids are expected in July next 2023, and Petrobras expects production to start in...
News

Trinidad to negotiate with Shell, BP on bids for deepwater blocks

OilNOW -
The Ministry of Energy and Energy Industries of Trinidad and Tobago said it plans to engage in discussions and negotiations with bpTT and Shell Trinidad and Tobago with respect to their bids for four deepwater blocks. The Ministry said it...
News

Guyana goes after unnecessary red tape with contract for new trade single window

OilNOW -
Guyana’s Central Housing and Planning Authority (CH&PA) has issued a GY$202.9 million (approx. US$973,000) contract to Global Services Inc. for the establishment of a new trade single window.  The electronic platform will enable CH&PA to act as the sole point...
News

Competitive fiscal terms pushing pace of development in Guyana ‘super basin’- S&P Global

Shikema Dey -
Guyana’s attractive and competitive fiscal terms have been pushing its unrivaled pace of deep-water development in the Stabroek Block. This has seen the country move from a non-oil producer just seven years ago, to what is now projected to...
News

Exxon looking to process 3D seismic data ahead of Stabroek Block multi-well campaign

OilNOW -
ExxonMobil Guyana is looking to hire a firm to provide marine 3D seismic data processing services within the South American nation’s offshore Stabroek Block. A public Request For Information (RFI) said that Esso Exploration and Production Guyana Limited (EEPGL) plans...
News

Exxon sells off Chad, Cameroon assets to Savannah Energy

OilNOW -
ExxonMobil sold its assets in Cameroon and Chad to British energy company, Savannah Energy. Savannah’s acquisition includes ExxonMobil’s entire upstream and midstream asset portfolio in Chad and Cameroon, including operatorship of the upstream assets through the acquisition of Esso Exploration and...
Exploration

More than two dozen high impact wells planned for Guyana, other hotspots for 2023

OilNOW -
S&P Global says there will be almost 30 high impact wells (HIW) being drilled across Latin America, Africa, and the Asia Pacific regions in 2023. It said there will be fewer wells planned in Europe, frontier North America, and the...
News

Engineering, risk management professionals will be in high demand for Guyana’s oil sector in five years – ILO Report

OilNOW -
Considering Guyana’s accelerated pace of production in the Stabroek Block, the International Labour Organisation (ILO) has found that there will be a high demand for engineering and risk management professionals over the next five years. This was noted in the...
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Guyana’s AFC party promises transparency, amended contracts in oil sector if it wins elections

Guyana’s Alliance for Change (AFC) political party is promising oil and gas transparency reforms and a review of existing...

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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