Featured

Uaru project to have spare parts on hand, flare plan in place to prevent Liza-1 issues

ExxonMobil Guyana is looking to put all systems in place to ensure optimal performance for its fifth development. Ahead of environmental authorisation from authorities, the oil giant is taking steps to ensure that issues with flaring do not occur there. Exxon’s...

Local consortium, foreign auditors team up to audit Exxon’s 2018-2020 costs

Guyana's Ministry of Natural Resources has hired a group of firms, for a four-month period, to audit the costs of the Exxon-led Stabroek Block consortium for the period 2018-2020. A local consortium was hired, consisting of Ramdihal and Haynes Chartered...

The implications of a National Oil Company (NOC) in Guyana

By Arthur Deakin – OilNOW The government of Guyana, which is sitting on 11 billion barrels of oil equivalent, will have a much-anticipated bid round for its remaining untendered oil blocks in the third quarter of 2022. The government is...

Repsol preparing to spud Beebei-1 well at Kanuku Block

Repsol, operator of the Kanuku Block offshore Guyana, is preparing to undertake drilling operations at the Beebei-1 prospect. OilNOW understands the well will be spudded around May 25. Repsol has a 37.5 stake in the Kanuku Block. The other partners...

Studies have not shown oil and gas operations driving impact on fisheries – Exxon Official

ExxonMobil Guyana’s in-country projects manager, Anthony Jackson, said the company is committed to supporting studies on the environmental impacts of its operations, so it can understand if they have any impact on Guyana’s fish stock. He made this comment during...

Gas project will help push micro, small, medium businesses, avert Dutch Disease – GCCI President

New to the global oil-producing scene, Guyana has received endless forewarnings about not falling into the trap of the dreaded ‘Resource Curse’ or ‘Dutch Disease’ – the cause of significant challenges for many oil-rich nations. The government has said it...

Guyana uses forest conservation funds to extend land titles for indigenous people

Following years of work, the North Rupununi village of Yupukari and its residents now benefit from a land extension of 145 square miles – three times the original size of the village. Minister of Amerindian Affairs Pauline Sukhai, along with...

Halliburton, Aker BP to create first-of-its-kind software for field development

Halliburton has teamed up with Norwegian oil company Aker BP to see the development and subsequent introduction of next-generation field development planning software – a new cloud application called Field Development Planning (FDP). “We are excited to extend our close collaboration...

Expect pushback in Trinidad, says Rowley, as leaders move to quash trade barriers

Following on the heels of an announcement that Caribbean Community (CARICOM) leaders are moving to have intra-regional trade barriers removed, Trinidad and Tobago Prime Minister Dr. Keith Rowley said his government has committed not to let artificial phytosanitary barriers...

Exxon’s latest discoveries driving ‘massive’ accumulation at Stabroek Block

ExxonMobil’s announcement of three new discoveries at the Stabroek Block offshore Guyana in April is driving a massive accumulation of hydrocarbon resources offshore the South American country. Hess Corporation, a 30% stakeholder in the Stabroek Block, said this latest success...

Latest News

CGX says Guyana government open to talks over cancelled Corentyne oil license

CGX Energy said on Friday that the Government of Guyana has indicated it may be open to talks in...