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Vice President Jagdeo sets the record straight on Guyana’s refinery ambitions

The downstream energy future of Guyana has been a focal point of recent discussions, especially in light of the recent memorandum of understanding (MoU) signed with the Dominican Republic. This MoU outlines the potential construction of a 50,000 barrels...

Implementing Guyana’s Low Carbon Development Strategy (LCDS) Part 1

By Dr. Ulric Trotz - OilNOW Countries that are parties to the United Nations Framework Convention on Climate Change are obliged to provide scheduled reports to the Convention, that provide information on their progress in addressing climate change adaptation and...

Guyanese construction providers needed to build new petroleum training institute for Exxon

Guyana's rapidly growing oil and gas sector will soon have a world-class technical training college. ExxonMobil has published a RFI (Request for Information) targeting construction service providers, to pave the way for the establishment of the Guyana Technical Training...

Dutch company’s innovative composite pipe installed at ExxonMobil’s Liza Field

Strohm, a composite pipe company, has successfully installed its first deepwater/high-pressure thermoplastic composite pipe (TCP) jumper in the Stabroek Block offshore Guyana. The installation marks the adoption of Strohm's innovative "Jumper on Demand" approach and its effectiveness in enhancing...

APA Corp. in talks for joint development with Guyana after Block 58 discoveries

With the Block 58 discoveries offshore Suriname seeming promising, APA Corp. is mulling the installation of a floating liquefied natural gas (FLNG) terminal in the basin. As reported by Bloomberg, APA’s Vice President Gary Clark told investors at the Enercom...

Petrobras adds 80,000 bpd to Campos basin output

Brazilian company Petrobras has initiated production from the Anita Garibaldi floating production, storage and offloading (FPSO) vessel in the Campos Basin, offshore Brazil. The FPSO is poised to operate concurrently in the post-salt and pre-salt regions of the Marlim and...

S&P sees Guyana holding strong in oil and gas sector despite revised PSA

Oil and gas investments in Guyana remain attractive even with the fiscal terms in its new model Production Sharing Agreement (PSA) which are more favourable to the country. This is according to an August 10 report by S&P Global...

Another 1.4 million bpd of non-OPEC supply growth expected in 2024

Projections for non-OPEC liquids supply have taken a favourable turn, indicating an anticipated expansion of 1.5 million barrels per day (mb/d) in 2023, the August Global Supply Report highlights.  Guyana, Brazil, the United States, Norway, Kazakhstan and China will be...

Ghana’s tech expertise meets Guyanese roots for oil oversight

A Ghanaian technology firm known for its expertise in the oil and gas sector has teamed up with a Guyanese/Canadian company to offer offshore monitoring services for the South-American nation’s growing energy industry.  West Coast Gas Ghana, a multinational company...

86 subsea tree awards anticipated in H2 2023, H1 closes with 196 – Westwood

The first half of 2023 closed with 196 subsea tree awards, according to new data by Westwood Global Energy Group, released on August 14. The industry's gaze now turns to the remaining months of 2023, when the anticipation of...

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MODEC profit rises 78% as demand stays firm for ultra-deepwater FPSO projects

MODEC reported a 78.2% increase in profit for the first quarter of 2026, supported by steady progress on floating...