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Local companies ink deal to serve Guyana, Suriname upstream sector

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Local companies are positioning themselves to reap the benefits from Guyana’s burgeoning petroleum sector, even extending their reach to neighboring Suriname. The latest to do this is Demerara Contractors and Engineers Limited (DCEL) and AGT Energy Group Inc. (AGT). The...
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Guyana team clinches 2nd place in Peterson’s annual safety awards

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Energy logistics and supply chain solutions company Peterson says the performance of its Guyana team was exemplary in 2020, registering zero recordable incidents and pushing it to second place in the company’s annual safety awards. “Cheers to our well-deserving Guyana...
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Stena DrillMAX taps Longtail-3 for more crude in multi-billion-barrel South America basin

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ExxonMobil continues to forge ahead with its exploration drilling campaign offshore Guyana in a bid to add more oil equivalent barrels to the already 9 billion plus it has found in the South American country. The Stena DrillMAX is engaged...
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ExxonMobil will not recover US$30 payment for flaring at Liza Phase 1 – EPA

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Guyana’s Environmental Protection Agency (EPA) has clarified that ExxonMobil affiliate Esso Exploration and Production Guyana Ltd. (EEPGL) will not recover the US$30 payment for CO2e emissions recently introduced in the modified Environmental Permit for the Liza Phase 1 Development. The...
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EPA to set flaring targets for upcoming ExxonMobil projects offshore Guyana

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Guyana’s Environmental Protection Agency (EPA) is currently developing flaring targets for ExxonMobil’s future offshore projects. And with the Liza Phase 1 Environmental Permit up for renewal on June 1, 2022, the EPA announced that flaring targets will also be...
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IEA’s call to halt oil and gas developments could add to price volatility

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(Reuters) OPEC has said that an IEA report suggesting that investors should not fund new oil projects to curb emissions could lead to oil-price volatility if it is acted on. The International Energy Agency on Tuesday said investors should not...
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No decision yet from Environmental Assessment Board on GOES waste treatment facility

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A review is still being undertaken regarding the establishment of an oil and gas waste treatment facility at a location on the East Bank of Demerara in Guyana. A public hearing was held on Monday, May 10, at the Soesdyke/Huist’ Coverden...
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Shell sells stake in Philippines gas asset for over US$380 million

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Shell Petroleum N.V. has signed an agreement with Malampaya Energy XP Pte Ltd (a subsidiary of Udenna Corporation), for the sale of its 100% shareholding in Shell Philippines Exploration B.V. (SPEX). SPEX holds a 45% operating interest in Service...
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Stabroek Block co-venturer Hess ranked No. 1 energy company on 100 Best Corporate Citizens list

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Hess Corporation has once again copped the spot for the number one energy company on America’s 100 Best Corporate Citizens list which recognizes outstanding environmental, social and governance (ESG) performance. Though it secured a No. 35 ranking, the Stabroek Block...
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Oil group says upcoming conference ‘anti-local content’, urges stakeholders to avoid participating

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The President of the Guyana Oil and Gas Energy Chamber (GOGEC) Manniram Prashad says the third annual Guyana International Petroleum Business Summit and Exhibition (GIPEX) set to be held next month is an “anti-local content event”, hence his organization...
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Guyana Electric boosts grid reliability with specialized high-voltage training

Guyana Electric has launched specialized training courses in medium and high-voltage cable terminations and joints, aimed at improving installation...

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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