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Exxon seeking project manager for construction of training institute in Guyana

OilNOW -
ExxonMobil Guyana is seeking a project manager for the construction of the national oil and gas training institute it is building, in partnership with the Guyana government. The institution, styled the ‘Guyana Technical Training Center Inc.’, will be situated at...
News

Unappealing fiscal terms, mature gas fields placing Trinidad at risk

OilNOW -
Arthur Deakin, Analyst at Americas Market Intelligence (AMI) believes that Trinidad and Tobago’s oil and gas prospects remain dire and will continue to spiral without new oil and gas discoveries. In an OilNOW column, Deakin noted that T&T has been...
News

Guyana regulator says no impact study needed for rope access training facility

OilNOW -
Guyana’s regulator, the Environmental Protection Agency (EPA) said on Friday that Qualco Guyana Inc. is not required to conduct an Environmental Impact Assessment (EIA) for its Rope Access Training and Workshop Facility located at Supply, East Bank Demerara. “The EPA...
News

Guyana now offering land for 30,000 bpd oil refinery

OilNOW -
The Guyana government on Friday took another historic step toward the nation's energy independence as it issued a Request for Proposals (RFP) from interested parties for the design, financing, and construction of a 30,000 barrel per day (b/d) oil...
News

34 more blocks added to massive UK bid round; total now at 983

OilNOW -
The North Sea Transition Authority (NSTA) which regulates and influences the oil, gas, and carbon storage industries of the United Kingdom said on Friday that it has added 34 more concessions to the 33rd bid round which opened on October...
News

Oil money helping to ease impact of inflation, says government

OilNOW -
Following the passage of the Natural Resource Fund (NRF) legislation, the Guyana government has been able to authorise a US$607.6 million transfer to support the 2022 budget. The administration has said that the withdrawal would be used to invest heavily...
News

More Guyana barrels will go to Europe, says Chief Economist

OilNOW -
With Europe scrambling for alternative energy sources in wake of the Russia-Ukraine war, Guyana’s light, sweet crude has assumed greater importance to the continent’s consumers. This was discussed by Scott B. MacDonald, Chief Economist for Smith’s Research & Gradings, and...
News

Exxon’s 4th Guyana FPSO: Construction of topsides commences in Singapore

OilNOW -
SBM Offshore said construction of the topsides modules for the ‘ONE GUYANA’ floating production, storage, and offloading (FPSO) vessel and the accompanying marine structures has commenced in Singapore. Two steel strike ceremonies were held in both Keppel FELS and Dynamac...
News

Guyana exports could replace 4% of all Russian gas that went to Europe in 2021 – Analyst

OilNOW -
Guyana could emerge as a major LNG exporter in coming years as massive hydrocarbon discoveries continue to mount off the country’s coast and output from neighbours such as Trinidad and Tobago continue to decline. In his most recent OilNOW column...
Opinions

Latin America’s role in a potential LNG boom

OilNOW -
By Arthur Deakin – OilNOW There is no denying that the world’s inflationary pressures and future economic prospects are directly tied to energy-related geopolitics. In early October, OPEC+ signalled support for a higher oil price by cutting production by 2...
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Latest News

NewsShikema Dey -

Guyana’s power demand hits record high at 221.3 megawatts 

Guyana has recorded its highest-ever electricity demand this year, with peak consumption reaching 221.3 megawatts (MW) in September. 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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