PETRONAS Suriname E&P B.V. has recently awarded a significant contract to Noble Drilling which involves the deployment of the semisubmersible deepwater rig, Noble Discoverer, to drill an exploration well in Block 52, located offshore Suriname. This announcement follows the...
By Dr. Meredith Arnold McIntyre - OilNOW
Guyana’s booming economy driven by rapidly increasing oil production is expected to grow by about 30% on average per year during 2023-26. The International Monetary Fund’s 2022 Article IV Consultation Report estimated that...
Gas remains key to ExxonMobil’s development agenda as seen by the company’s acceleration of two major pipeline projects in the South American region.
Over in Argentina, Exxon recently commenced the engineering study phase for the development of a new pipeline...
In an engaging Oxford-style debate, two prominent voices in Guyana; Elson Lowe and Joel Bhagwandin, engaged in a thought-provoking discussion on the premise - "Guyana is not on the right development path, given its newfound oil resources."
The event,...
Locals looking to find jobs in Guyana’s oil sector will have an opportunity as the Guyana Shore Base Inc (GYSBI) is set to host a career fair on July 9.
The event will take place at the West Demerara Secondary...
By Christina Caus - OilNOW
In the midst of the oil and gas euphoria, the world’s fastest-growing economy—Guyana, is facing a challenge, a human resources shortage. With an average projected growth of around 25.8% between 2022 and 2024, which translates...
Guyana’s Environmental Protection Agency (EPA) has granted approval for a 35-well exploration and appraisal campaign at the ExxonMobil-operated Stabroek Block.
Approval was granted after the Environmental Assessment Board reviewed and declared the Environmental Impact Statement and Environmental Impact Assessment submitted...
Data from Norway’s Rystad Energy lists Venezuela as one of the worst polluting oil producing countries in the world, based on emission intensity.
Rystad Energy compared producers from OPEC and Non-OPEC countries; Venezuela ranked the highest with 98 kilograms of...
Guyana Vice President Dr. Bharrat Jagdeo has announced that the government is considering reissuing a request for proposals (RFP) for the Amaila Falls hydropower project. This decision comes after the previous attempt to find a suitable contractor for the...
Two Guyanese men, who often feature in media discourse on Guyana’s development, are set to meet for a spirited debate on the moot - “Guyana is not on the right path to development given its newfound oil resources.”
Scheduled for...
