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Guyana remains highly competitive as exploration shrinks globally

OilNOW -
The small South American country of Guyana, unknown to the world of oil and gas just seven years ago, is now one of the most active regions globally even as companies opt for less risk which is seeing a...
Opinions

The 2019 addendum to the Stabroek PSA does not equate to renegotiation

OilNOW -
By Joel Bhagwandin – OilNOW Summary The proponents who are propagating the argument that the Addendum to the Production Sharing Agreement (PSA) of 2016 is equated to a form of renegotiation of the contract; are peddling a dangerously false narrative...
News

Two firms bid to supply 30,000 home solar energy systems, in aid of Guyana’s transition

OilNOW -
Guyana’s National Procurement and Tender Administration Board (NPTAB) received two bids for the supply of 30,000 solar photo voltaic home energy systems, supporting the country’s hinterland energy plan. Rajasthan Electronics & Instrument Ltd.’s entered a bid for US$8,387,462. Premier Energy Ltd....
News

Maersk Supply creates ‘cleaner’ fuel option for offshore supply vessels

OilNOW -
Maersk Supply Service is offering its customers the option to reduce carbon emissions from offshore operations with a new fuel mix. The product – ECO Offshore – successfully trialled a blend of low-carbon biofuel with marine gas oil aboard the anchor handler Maersk Tender, in partnership with Dutch...
News

Delivering Guyana’s biggest transformational project could exceed US$2 billion, economist says its worth it

Kemol King -
As the Guyana government and the Stabroek Block co-venturers move forward to develop the Gas-to-Energy project, costs could exceed US$2 billion. This is based on the sum of cost estimates for the onshore plants and the pipeline. ExxonMobil estimates...
Exploration

Guyana’s first oil block auction: What to expect

Shikema Dey -
All eyes will be on Guyana come September when the country opens its first offshore bid round. This will be a major step for Guyana, a country that has never handed out oil licenses through a competitive process. Oil and...
Exploration

Maersk Resolute rig secured for additional five-well drilling with Petrogas in Dutch North Sea

OilNOW -
Petrogas E&P Netherlands B.V. has secured Maersk Drilling’s harsh environment jack-up rig ‘Resolute’ for an additional five-well drilling work scope, amending a previous agreement. An option included in the original contract will be replaced by the newly entered five-well contract,...
News

T&T government, Shell discuss possible restructure of Atlantic LNG

OilNOW -
A potential restructure of Trinidad and Tobago’s Atlantic LNG dawns as a team of top government officials led by the Prime Minister Keith Rowley recently engaged with Shell Global at its Hague headquarters to discuss future developmental plans for...
News

US, Norway, Brazil, Canada and Guyana will be main drivers of oil growth next year – OPEC

OilNOW -
With two projects producing, two more approved and a fifth being planned, Guyana’s rapid development of its oil and gas resources is positioning the country as a major non-OPEC player among heavyweights such as Norway, Brazil and Canada. OPEC said...
News

Guyana is not a 50% owner in Exxon’s operations; “this is a mistake many people make” – Jagdeo

OilNOW -
Guyana’s Vice President Dr Bharrat Jagdeo believes that a better understanding of the arrangement between the government and ExxonMobil local affiliate Esso Exploration and Production Guyana Limited (EEPGL) will help the public to have more realistic expectations about the...
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ExxonMobil says Guyana operations funded from equity, not U.S. taxpayers’ dollars

ExxonMobil Guyana says no American taxpayer money is financing its operations in the South American country. President, Alistair Routledge,...

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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