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Guyana Local Content Panel looking to begin consultations – Vickram Bharrat

OilNOW -
Guyana’s Minister of Natural Resources Vickram Bharrat said on Tuesday that the recently appointed Local Content Advisory Panel has already commenced work and will soon be holding consultations and workshops with the relevant stakeholders. He was at the time speaking...
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Another Strike: ExxonMobil announces Redtail Discovery Offshore Guyana

OilNOW -
Oil discovery is 18th offshore Guyana; follows discovery at Yellowtail-2Adds to previous estimate of more than 8 billion barrels of discovered recoverable resource ExxonMobil has made its 18th discovery offshore Guyana at the Redtail-1 well which will add to the previously announced estimated...
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Oil revenue will not be used for emergency budget – Guyana Vice President

OilNOW -
Authorities in Guyana said on Monday no revenue from the country’s growing Natural Resources Fund (NRF) account will be used for an emergency budget set to be presented this week. In December 2019, Guyana began producing oil at the ExxonMobil-operated...
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Different terms for other blocks – Guyana Vice President reaffirms

OilNOW -
Speaking at a press conference on Monday, Guyana’s Vice President, Bharrat Jagdeo, reaffirmed the  government’s position on the Stabroek Block Production Sharing Agreement (PSA), noting that it will not seek to renegotiate the deal but will however, be looking...
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Government does not see Payara as “make or break” – Vice President

OilNOW -
Vice President of Guyana, Bharrat Jagdeo, said on Monday the government does not see the Payara Development project as a ‘make or break’ as it relates to benefits that would accrue to the South American country from its multi-billion...
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Guyana will benefit from “first-mover advantages” by advancing offshore developments – API Chief Economist

OilNOW -
New oil producer Guyana has much to gain from advancing development projects at its vast offshore oil fields where US oil major ExxonMobil has so far found more than 8 billion barrels of oil equivalent resources and other explorers...
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Clear realistic local content policy helpful to investors -Greg Quinn

OilNOW -
With local content legislation now being conceptualized in Guyana, outgoing British High Commissioner, Greg Quinn, has said that a clear and realistic policy will be most helpful to investors.  Speaking with OilNOW about immediate priorities for Guyana's oil and gas...
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Total drops operator role for five exploration blocks in Brazil

OilNOW -
French multinational oil and gas company Total said on Monday it had notified its partners on August 19 about its resignation from its role of operator for five exploration blocks, located in the Foz do Amazonas Basin, 120 kilometers offshore...
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Caribbean Council panel discussion to focus on Guyana’s oil future

OilNOW -
As Guyana continues to come to terms with its new economic prospects, two young Guyanese professionals will be part of a virtual oil and gas panel discussion hosted by The Caribbean Council on Tuesday September 8, 2020, entitled ‘What...
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Payara development targeting 220,000 bpd peak production

OilNOW -
ExxonMobil’s 3rd proposed development at the Stabroek Block offshore Guyana is targeting 180,000 to 220,000 barrels of oil per day, pending government approvals. During the early stage of production operations, the project is anticipated to produce an average of approximately...
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Kumu’s new small-scale hydropower plant now operational

Guyana commissioned a new 1.5 megawatt (MW) hydropower station in the southeastern community of Kumu on Friday, part of...

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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