Preparations for the 220,000 barrels per day (bpd) Liza Phase 2 and Payara developments offshore Guyana are moving ahead on schedule and will soon add to the 120,000 bpd Liza Phase 1 project, effectively pushing Guyana’s output at peak...
By Wilberne Persaud - OilNOW
Growing up in British Guiana, I marveled at Dutch engineering genius. They created the seawall, amazing below-sea-level coastal water and drainage systems. Georgetown was scenic and serene, at the time considered the Caribbean’s Garden City....
As the global oil and gas industry continues to recover from the impact of the pandemic, ExxonMobil has reported that its production volumes are rising from 2020 levels, and for the first quarter of this year, output at the...
The Environmental Protection Agency (EPA) in Guyana says the Environmental Assessment Board (EAB) will be conducting a public hearing on Monday, May 10, at the Soesdyke/Huist’ Coverden Neighbourhood Democratic Council into appeals submitted against the development of an oil and...
As oil and gas operations offshore Guyana and Suriname intensify in the Guyana-Suriname Basin, the importance of collaboration between the two countries in preventing and responding to oil spills has been emphasised by Suriname’s Minister of Natural Resources, David...
U.S. oil major Exxon Mobil Corporation today announced estimated first quarter 2021 earnings of $2.7 billion, compared to a loss of $610 million in the first quarter of 2020. Results included unfavorable identified items of $31 million, the company...
Guyana’s President Dr. Irfaan Ali confirmed this week that an entirely new system for the allocation of oil blocks will soon be used, signaling the government will move away from direct one-on-one negotiations with International Oil Companies (IOC) and...
As the Irfaan Ali administration goes full throttle with the proposed Wales gas-to-shore project in Guyana, plans are now under review to determine what type of power plant will be used. United Kingdom Petroleum Expert, Simon Shaw who now serves...
Guyana’s Head of State, Dr. Irfaan Ali disclosed on Wednesday that local content provisions will be put in place to ensure competitive services provided by Guyanese will be given priority by oil companies.
During his latest engagement with reporters, President...
The planned exploration and appraisal drilling campaigns offshore Guyana are now in high gear with forays set to start and others ongoing at multiple wells in the 6.6 million acres Stabroek Block.
OilNOW understands that the Stabroek Block exploration programme...
PARAMARIBO, SURINAME - Malty Dwarkasing has resigned as Suriname’s Administrator-General of the National Debt Office. Dwarkasing submitted her resignation...