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New energy champion in Caribbean waiting to be crowned – Arthur Deakin

OilNOW -
Americas Market Intelligence (AMI) Analyst, Arthur Deakin, believes that South American neighbours Guyana and Suriname can avoid some of Trinidad and Tobago's mishaps by strengthening their institutions, improving their regulatory frameworks, and developing traditional sectors such as mining and...
News

Alison Redford advocated for full transparency in oil and gas on previous visits to Guyana

OilNOW -
Former Premier of Alberta, Canada, Alison Redford, who led a team of experts to review the work that was done by the Department of Energy for the Payara Development project offshore Guyana, strongly advocated for full transparency in the...
News

Guyana’s 8 billion plus barrels of oil only tip of the iceberg – Ramnarine

OilNOW -
The more than 8 billion barrels of oil equivalent resources discovered offshore Guyana since 2015 by US oil major ExxonMobil is merely the tip of the iceberg, with much more to come. Multiple drill targets remain on the 6.6...
News

Payara investment is twice Guyana’s GDP, country must profit from closing window of O&G opportunities – VP Jagdeo

OilNOW -
Guyana’s Vice President, Dr. Bharrat Jagdeo, said on Friday the country is not in a position to raise the US$9 billion on its own that is required for the Payara development hence the need for investors, and further, moving...
Exploration

CGX long overdue for works on offshore blocks, has not drilled in years – Jagdeo

OilNOW -
As Guyana forges ahead with the development of its offshore petroleum resources which exceed eight billion barrels of oil equivalent at the prolific Stabroek block, there are, and understandably so, a number of companies knocking on the government's door...
News

“We were not negotiating a production agreement” – Jagdeo on Payara licence

OilNOW -
Guyana’s Vice President, Bharrat Jagdeo, on Friday sought to provide clarity over the difference between the Stabroek Production Sharing Agreement (PSA) and the Payara Production Licence in response to comments made by the country’s Opposition Leader, Joseph Harmon, in...
News

TechnipFMC set to deliver massive subsea production system for Payara development

OilNOW -
Global oil and gas company, TechnipFMC, has been awarded a contract by ExxonMobil affiliate Esso Exploration and Production Guyana Limited, for delivery of the subsea system for the Payara development project. Payara, ExxonMobil’s 3rd development at the Stabroek Block, was...
News

Location for gas to power project to be determined by year end, work to begin in 2021 – Bharrat

OilNOW -
The landing site for the pipeline and location where the infrastructure is to be set up for the gas to power project in Guyana will be finalized before the end of the year with work set to begin in...
News

Payara approval will trigger massive demand for goods, services in Guyana – GOGEC

OilNOW -
The sanctioning of ExxonMobil’s third development at the Stabroek Block offshore Guyana on Wednesday has already triggered a flurry of activities by contractors who will be now be looking to move ahead with various aspects of the project, set...
News

Hess commits around US$1.8 billion for Payara development

OilNOW -
Hess Corporation, a 30 percent stakeholder in Guyana’s Stabroek Block, has committed around US$1.8 billion for the Payara development, representing its net share of development costs, excluding pre-sanction and FPSO purchase costs. The company said on Wednesday it looks forward...
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Latest News

NewsOilNOW -

Ali names 25-member cabinet; Vickram Bharrat back at oil ministry

President Irfaan Ali of Guyana unveiled 25 ministerial Cabinet appointees on Saturday evening, as the government embarks on its...

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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