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Fire Juggling in the Energy Sector: Part 2

OilNOW -
Dr. Lorraine Sobers – OilNOW Last week, we looked at the “fire juggling act” between renewable energy development and natural gas development with a regional outlook. I suggested that Guyana and other Caribbean Community (CARICOM) countries can reduce their low...
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Ramps had threatened Guyana customs regulator with lawsuit over $20M fine

Kemol King -
After being fined GY$20 million for breaching customs law earlier this year, Ramps Logistics had threatened the Guyana Revenue Authority (GRA) with a lawsuit if it did not return the fine. The letter dated March 4, 2022, from its attorney-at-law,...
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Exciting discoveries off Africa result in oil block awards to Shell, APA by Uruguay

OilNOW -
Uruguay announced on Thursday that it awarded three of six oil blocks on its continental shelf, through its state energy company, National Administration of Fuels, Alcohols and Portland (ANCAP). ANCAP said the winning bids for the blocks are Block OFF-2: Shell, which...
News

New laws will award permits by default if regulators don’t meet deadlines – Guyana Attorney General

OilNOW -
As it finalises legislation to govern the efficiency of the business environment in Guyana, government is including detailed provisions to prevent corruption and negligence from slowing up permit awards. Attorney General, Mohabir Anil Nandlall said these provisions will allow for...
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Guyana’s largest shore base seeking vendors to expand local capacity

OilNOW -
In keeping with Guyana’s strict Local Content regulations, the Guyana Shore Base (GYSBI) is on the hunt for local vendors that fit the 40 sectors outlined in Schedule 1 of the Local Content Act. “GYSBI has committed to this undertaking to...
News

Exxon prepares to tender for construction of Guyana’s onshore gas pipeline

OilNOW -
ExxonMobil on Thursday issued a Request For Information (RFI) for the construction of Guyana’s Gas-to-Energy onshore pipeline. It wants to use the information to compile a list of qualified bidders. In the public RFI, Exxon said it plans to install an onshore...
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Petrobras’ Chief E&P Director takes up CEO role

OilNOW -
With no Chief Executive Officer (CEO) in place, the Brazil state-owned Petrobras (Petróleo Brasileiro SA) has asked its Chief Exploration and Production Director to fill the slot. In a release, Petrobras said Fernando Borges was appointed on June 20, after last Petrobras...
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City Chamber says ‘rent-a-citizen’ tactics run counter to local content law

OilNOW -
The Georgetown Chamber of Commerce and Industry (GCCI) says disapproves "rent-a-citizen" and "fronting" tactics potentially being used by companies operating in Guyana's oil and gas sector, because such tactics run counter to the spirit of Guyana's local content legislation.  In...
News

Gov’t unhappy with slow progression of CGX’s Berbice Deep Water Port

Shikema Dey -
The massive deep-water port being constructed by CGX Energy in Guyana means major development for the county of Berbice. But recently, the pace at which the project is being developed has become a concern for the government. Minister of Natural...
News

Pan-Caribbean group offers solution to financing gap between Guyanese, foreign companies

Kemol King -
It is no secret that Guyanese companies are largely unaccustomed to making the scale of investments needed to provide services to the still burgeoning oil and gas sector. After all, the development cost for just one of ExxonMobil’s offshore...
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NewsShikema Dey -

As Errea Wittu FPSO takes shape, MODEC deepens roots in Guyana with permanent office 

Merely days after the Errea Wittu FPSO arrived in Singapore for the next stage of construction, builder MODEC marked...

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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