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Guyana plans two large-scale hydropower projects to add 370 MW by 2035

OilNOW -
San Diego, California: Two hydropower projects, including the Amaila Falls project, are expected to add 370 megawatts (MW) to Guyana’s power generation matrix by 2035, Foreign Secretary Robert Persaud said on October 16.  The official delivered the keynote address at...
Exploration

Oil story of South America’s newest producer built on 45 discoveries in just nine years 

OilNOW -
ExxonMobil’s Liza find back in 2015 unlocked a treasure trove of oil and gas discoveries in Guyana’s Stabroek Block. Now, in 2024, the number stands at 45 discoveries and Exxon aims to take this even higher.  “I believe Guyana will...
News

Saipem vessel completes 180 consecutive ‘Perfect Days’ on Yellowtail project in Guyana

OilNOW -
Saipem's FDS2 vessel has successfully wrapped up its pipelay and subsea construction work for ExxonMobil's Yellowtail Project offshore Guyana, achieving a milestone of 180 consecutive “Perfect Days.” This accomplishment means 180 days without any injury, asset damage, or environmental...
News

Exxon hopeful of resolving audit dispute without going to arbitration

OilNOW -
For ExxonMobil, arbitration would be the “last resort” to resolve the findings of the IHS Market audit of its 1997-2017 Stabroek Block expenses.  “I don't have any intent to call an arbitration. I don't think that that's the right way...
News

Wood Mackenzie analysts predict continued, slower investment in oil and gas sector

OilNOW -
UK-based analytics firm Wood Mackenzie says while investment growth in the oil and gas sector is set to continue, it will occur at a slower pace than in previous years.  Capital allocation in the oil and gas sector has become...
News

Petronas expected to FID Block 52 gas development – Staatsolie Head 

Shikema Dey -
Suriname’s second final investment decision (FID) is expected from Petronas for a potential Block 52 development, Managing Director of Staatsolie, Annand Jagesar has said.  Petronas Suriname E&P is the operator of Block 52 with a 50% participating interest. ExxonMobil Exploration...
News

Saipem seeks catering services for VEHSI facility

OilNOW -
Italian engineering and drilling firm Saipem is seeking Expressions of Interest (EOIs) for catering services at its Vreed-en-Hoop Shore Base Inc. (VEHSI) facility. Saipem's operation at VEHSI spans 81,000 square meters.  VEHSI is a collaboration between NRG Holdings, a 100%...
News

TOTALTEC launches state-of-the-art hospitality complex in Guyana

OilNOW -
TOTALTEC Inc. has announced the launch of its new hospitality group, CampBOSS Inc., which will open its first facility in Houston, Greater Georgetown. The state-of-the-art complex will feature 52 rooms, with plans to expand to over 100 rooms in...
News

Surveys begin for Shell’s Dragon Gas project off Trinidad and Tobago’s coast

OilNOW -
Surveys have officially begun for the Dragon Gas Project as the Dona Jose 2 vessel embarked on a geophysical and geotechnical study at Tembladora Port, Chaguaramas. The vessel, chartered by Geohidra—a Venezuelan company contracted by Shell—will gather data from...
News

Stability crucial for US$55 billion investment in Stabroek Block

OilNOW -
By 2027, US$55 billion would have been invested in oil and gas projects in Guyana by ExxonMobil and its co-venturers Hess and CNOOC. This commitment is based on the terms of the 2016 Stabroek Block Production Sharing Agreement. “Any change...
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Linden-Mabura road to soon link South America’s oil giants, boost trade and integration

Guyana’s Linden to Mabura Hill road project will be spotlighted at the Caribbean-Brazil Summit on June 13 in Brasilia....

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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