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Guyana pushing massive road projects; more than 100,000 new vehicles registered in 5 years

OilNOW -
In the past five years, the Inter-American Development Bank (IDB) has found that more than 100,000 new vehicles were registered in Guyana with 1,176 vehicles occurring every month. In one of its recent project documents, the financial institution said...
News

Touchstone’s Cascadura gas project gets greenlight

OilNOW -
Trinidad and Tobago’s Touchstone Exploration Inc. received its Certification of Environmental Clearance (CEC) to move ahead with its Cascadura gas project from the Ortoire block offshore. Touchstone has an 80% operating working interest in the Ortoire block, with Heritage Petroleum Company...
News

Exxon’s risk and Shell’s multi-billion-dollar missed opportunity in Guyana’s Stabroek Block

Shikema Dey -
Under different circumstances, ExxonMobil’s success in the Stabroek Block would have been shared with Royal Dutch Shell. The British multinational was ExxonMobil’s partner in the Stabroek Block prior to 2015, with a 50% stake. But looking at the data at...
News

‘They can’t pay local companies in 90 days; I don’t care who defends that’ – Guyana VP

OilNOW -
Vice President Dr. Bharrat Jagdeo has given all assurances that the government intends to close loopholes being used to frustrate and circumvent the requirements of the Local Content legislation as well as address issues affecting local contractors such as extended waiting periods for...
News

CARICOM energy leaders make headway on food security

OilNOW -
Leaders of the two major producers of hydrocarbons in the Caribbean Community (CARICOM) —Guyana and Trinidad & Tobago— announced on Thursday that significant headway was made on defining collaborative efforts that will be pursued to ensure food security in their respective states. Specifically, Prime Minister...
News

Guyanese should have a chance to participate in oil blocks auction – Vice President

OilNOW -
With there being no legal constraints in the way, Vice President, Dr. Bharrat Jagdeo is of the view that a Guyanese consortium should have a chance to participate in the imminent oil blocks bid round which will now be...
Exploration

Keppel bags US$2.9 billion contract for ninth FPSO in Brazil’s Búzios field

OilNOW -
Keppel Offshore and Marine – a subsidiary of Keppel Shipyard – has secured a US$2.9 billion contract for the engineering, procurement, and construction of a new platform vessel for Brazil’s Petrobras. It would be the ninth vessel for Petrobras’ Búzios offshore oil field. Scheduled for...
News

Guyana, T&T advance plans on regional energy security

OilNOW -
Guyana’s Head of State, Dr. Mohamed Irfaan Ali and Trinidad & Tobago’s Prime Minister, Dr. Keith Rowley advanced talks Thursday regarding energy security for the region. This was revealed by both leaders during a joint press conference in Port of Spain. Bilateral discussions were...
News

Oil block auction could be delayed as government finalises fiscal terms

Shikema Dey -
Guyana’s planned offshore oil block auction may come later than expected as its government works assiduously to get the fiscal terms right to ensure balanced benefit to the parties involved. The Vice President, Dr. Bharrat Jagdeo told the press on...
News

23 customs petroleum officers complete offshore safety, emergency response training

OilNOW -
Twenty-three officers within the Customs Petroleum Unit (CPU) of the Guyana Revenue Authority (GRA) have successfully completed a Tropical Helicopter Underwater Egress Training (THUET) course to develop knowledge and operating procedures in offshore safety and emergency response. The training session...
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Chevron earnings dip as Guyana operations strengthen portfolio

Chevron Corporation today reported earnings of US$3.5 billion (US$1.82 per diluted share) for the third quarter of 2025, down...

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