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Guyana receives bids for combined construction of gas-to-energy facilities

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Bids from 12 companies were opened last Thursday for the combined construction of a natural gas fired power plant and natural gas liquids (NGL) plant for Guyana’s landmark gas-to-energy project. According to an update from the Department of Public Information,...
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Elevated geopolitical risks in Europe, Middle East pushing oil prices up

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(Reuters) - Oil prices rose on Monday on worries about supply disruption amid concerns about Russia-Ukraine discord and rising tensions in the Middle East, which could make an already tight market even tighter. Brent crude rose 31 cents, or 0.4%,...
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150 companies, four heads of state confirmed for February energy conference

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Response to the International Energy Conference set to take place in Georgetown next month has been overwhelming so far with around 150 companies and four heads of state confirmed for the flagship event. “We have about 150 companies registered, some...
Opinions

Safety culture

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By A. Bacchus Safety is a universal guiding principle in the oil and gas sector, so much so that it has become embedded in the values of all companies operating in the sector. When major industry players like ExxonMobil, Hess...
Opinions

The political economy, economic & finance issues

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The Natural Resource Fund Act 2021 Summary The Natural Resource Fund Act 2021 did not propose the removal of any component from the 2019 Act per se, rather, the bill seeks to replace certain components in the current act...
News

Norway group estimates Stabroek Block now holds more than 13.5 billion boe

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‘Hook, line and sinker’ is the phrase being used by Norway-based Rystad Energy to describe ExxonMobil’s spectacular start to the new year in Guyana where it made two more discoveries at the Stabroek Block, its most lucrative license offshore...
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Guyana to make first drawdown from oil fund for 2022 budget

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Guyana’s Vice President Dr. Bharrat Jagdeo said on Friday that the government intends to use some of the proceeds from its US$607 million Natural Resource Fund to finance the government’s budget for the fiscal year 2022. Guyana has been borrowing...
News

US Coast Guard, Department of State to help Guyana strengthen Oil Spill Response Plan

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The US Embassy in Guyana on Friday disclosed that the United States Coast Guard (USCG) and the Guyana Civil Defence Commission (CDC), with support from the United States Department of State’s Energy and Mineral Governance Programme (EMGP), have commenced...
News

Contract for Yellowtail FDP review attracts companies from across the world

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Guyana’s National Procurement and Tender Administration Board (NPTAB) on Thursday received technical and financial proposals from around 12 companies from across the world, including one local firm, for the review and evaluation of the Field Development Plan (FDP) for...
News

Tristar appoints Joel Bhagwandin as Managing Director, says local content is key focus

OilNOW -
Tristar has appointed Joel Bhagwandin as its Managing Director. The company said Mr. Bhagwandin, who has held positions in banking and finance during his career in Guyana, is from the West Bank of Demerara which is the "fence line...
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Exxon to conduct seismic survey offshore Trinidad in second quarter of 2026

ExxonMobil has scheduled a seismic survey for the second quarter of 2026 on its newly awarded TTUD-1 block offshore...

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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