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Trinidad concludes nomination period for shallow water bid round

OilNOW -
Trinidad and Tobago’s Ministry of Energy and Energy Industries (MEEI) concluded the nomination period for its shallow water competitive bid round, Tuesday. Nominations ran for six weeks from August 30, 2022. Interested parties were allowed to nominate for any number of...
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Touchstone starts up production at first onshore gas project in T&T in over 20 years

OilNOW -
Touchstone Exploration Inc. announced on Tuesday that the Coho facility has safely delivered first natural gas, representing the first onshore natural gas project to come onstream in Trinidad and Tobago in over twenty years. The Coho area is located...
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Non-traditional approach to financing needed in Caribbean’s biggest oil producing nation

OilNOW -
As development in Guyana continues to expand, industry stakeholders are encouraging the nation’s policy drivers and the private sector to tackle the country’s steep learning curve. To address this, Angus Young – Executive Vice President – Regional Investment Banking and...
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Creating a Diaspora ministry, allowing immigration from CARICOM could serve Guyana well – IMF

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The International Monetary Fund (IMF) has urged Guyana to urgently review its migration laws as well as find other creative means of attracting expertise from the Guyanese Diaspora to help develop its oil sector. With the low base in education...
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Int’l Association of Oil & Gas Producers ready to help Guyana expand technical expertise – CEO

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For Guyana to make the best of its oil riches, it will need to strengthen its technical capacity to govern the industry as quickly as possible. To this end, Chief Executive Officer (CEO) of the International Association of Oil and...
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IMF commends Guyana’s low carbon development plan

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The International Monetary Fund (IMF) applauded Guyana’s comprehensive Low Carbon Development Strategy (LCDS) 2030 which outlines plans to combat climate change. It said the strategy commits Guyana to the reduction of emissions by 70% before 2030 mainly via maintaining vast...
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Veolia to supply seawater treatment module for Exxon’s fourth Guyana FPSO

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SBM Offshore has awarded a multi-million-dollar contract to Veolia Water Technologies, through its subsidiary VWS Westgarth Ltd. to supply a seawater treatment process module for the massive ‘One Guyana’ floating production storage and offloading vessel. The vessel will be used...
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Publication of contracts, creating bidders’ register part of Guyana’s anti-corruption efforts

OilNOW -
As Guyana continues with the development of its oil bonanza, the International Monetary Fund (IMF) said it is critical that the new producer mitigates any rise in corruption levels as this ultimately undermines overall growth. In a recent report, the...
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Guyana must strive to produce cleanest oil barrels – Iman Hill

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While she agrees that Guyana must fast-track the development of its oil resources, Iman Hill, Chief Executive Officer (CEO) of the International Association of Oil and Gas Producers (IOGP), is urging authorities to put systems in place to ensure the "cleanest barrels"...
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Rising flows from Guyana’s oil fields continue to shore up UK shortfall

OilNOW -
Russian seaborne crude exports have fallen to a 12-month low as a ban by the European Union along with price caps remain on the horizon. The shortfall in supply across Europe is being shored up by alternative sources of...
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Wales Gas-to-Energy project accelerates with 120 day foundation plan

Guyana’s Gas-to-Energy project at Wales is entering a crucial phase as contractor Lindsayca Guyana pushes to complete all foundation...

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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