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Fair, robust system being developed for selecting EIA consultants – EPA

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The Environmental Protection Agency (EPA) was keen to note on Monday that it is in the process of developing a fair and robust system for compiling a list of approved persons with appropriate qualifications and experience to conduct Environmental...
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Hess commits US$2.3 billion to Yellowtail development

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Days after government and regulatory approvals were granted for the massive Yellowtail project, Hess Corporation announced its final investment decision on the project with a commitment of US$2.3 billion. This represents the company’s net share of development costs, excluding pre-sanction...
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Yellowtail will help secure energy transition, says Exxon in final investment decision

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ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL), expects the Yellowtail project to be instrumental in helping secure the energy transition, it said as it announced the final investment decision (FID) on Monday morning. “Yellowtail’s development further demonstrates the...
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IDB helping Guyana strengthen institutions to better leverage oil revenues

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The Inter-American Development Bank (IDB) is helping Guyana strengthen the institutional capacity of its Ministry of Finance which will be in charge of the development and implementation of a Medium-Term Development Strategy. That document, the IDB explained, will essentially...
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Oil has opened floodgates for massive investments across all sectors in Guyana – US Ambassador

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With 10 floating production, storage and offloading vessels (FPSOs) envisioned for the production of Guyana’s multi-billion barrels of oil equivalent resources, companies from across the world are rushing to the South American country to cement their place in every...
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World Bank appoints new Resident Representative for oil hotspots, Guyana and Suriname

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The World Bank recently announced that Ms. Diletta Doretti has been appointed the new Resident Representative for Guyana and Suriname, the two most exciting exploration hotspots in South America. The financial institution said Ms. Doretti will be based in Georgetown,...
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Exxon says removing tax provisions in Stabroek PSA could make projects infeasible

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ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL), will be seeking a dismissal of a case brought to Guyana’s High Court which seeks to strike out tax waivers granted to it, its co-venturers and sub-contractors under the Stabroek...
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Comprehensive demand, supply analysis key to success of Guyana’s biggest transformational project – Economist

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As Guyana prepares for construction to commence later this year on the Gas-to-Energy project, former Director of Economics at the Caribbean Development Bank (CDB), Dr. Justin Ram said the country would do well to make sure its natural gas...
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Application process for Exxon’s fifth Stabroek Block development underway

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ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL), has already begun the application process for its fifth offshore development in the Stabroek Block, according to information contained in court documents filed by the company relating to a tax...
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Local content advocate, Timothy Tucker, re-elected to head Georgetown business chamber

OilNOW -
Businessman, Timothy Tucker, was on Friday re-elected to the presidency of the Georgetown Chamber of Commerce and Industry (GCCI), an association which represents about 550 businesses. Tucker is the owner of Rid-O-Pes, a pest control company. His re-election occurred at...
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TT will lead ‘next chapter’ in energy age — PM Persad-Bissessar

Prime Minister Kamla Persad-Bissessar has pledged that Trinidad and Tobago will take a proactive role in shaping the future...

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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