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With Guyana’s current estimated recoverable gas totalling over 17 trillion standard cubic feet, the government has already commenced efforts to determine the best use for these resources. The government reminded, in its 2022 mid-year report, that under the Yellowtail...

Given that Guyana’s 2022 Budget prioritises spending on capital projects as opposed to rapid increases in recurrent expenditure, financial analyst and researcher, Joel Bhagwandin says this is a clear indication that the country is making decisive efforts to steer clear of the Dutch...

Pursuing an aggressive drill campaign, Stabroek Block operator – ExxonMobil – has moved on to the Banjo-1 and Sailfin-1 wells as it looks to find more oil offshore Guyana. According to notices published by Guyana’s Maritime Administration (MARAD) over the...

Guyana’s infrastructure boom will see urban settlements undergoing significant expansion over the years. But what does this mean for the country’s carbon footprint? According to the government’s transition plan, outlined in the Low Carbon Development Strategy (LCDS) 2030, Guyana’s energy...

CEO of Hess Corporation, John Hess, says his company is determined to play a lead role in fostering positive social development in Guyana. Speaking at a forum last week, he pointed out that all oil companies operating in the...

Brazil’s state-owned Petrobras decided to end the divestment process for a sale of its entire stake in a Brazilian deepwater field - Albacora concession - to PRIO, formerly PetroRio, as both parties have failed to come to an amicable...

With tensions remaining high with its European neighbours, Russia has halted all gas exports through Nord Stream 1, the gas pipeline that supports the continent, for an indefinite period. While Russia exported close to 350 million cubic meters per day...

Maersk Drilling has secured a contract extension with Shell for a 7th generation drillship, to carry out additional drilling services in the United States Gulf of Mexico once it concludes current works. Maersk said the contract extension is expected to...

Executive Director of the Environmental Protection Agency, Kemraj Parsram, said the agency is mobilising to visit the Liza Phase 2 offshore operations in order to conduct its own investigation of an oil leak that was detected on Friday. OilNOW understands...

In keeping with its vision to bolster the non-oil economy, prevent overreliance on petroleum revenues, and ensure Guyana is self-sufficient, the government has remained diligent in the execution of key investments in agriculture for the first six months of...