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ExxonMobil remains engaged with Guyana government on proposed gas to shore project

OilNOW -
ExxonMobil remains engaged with the Government of Guyana regarding a proposed project that could see gas from the offshore Liza field being piped to shore. Since discussions on the project resumed just over a week ago with Guyanese authorities,...
News

Over eight months in – Guyana producing oil ahead of its time – Francis Kiernan

OilNOW -
US oil major ExxonMobil announced its first world class discovery in May 2015 at the Liza field offshore Guyana. The well encountered more than 295 feet (90 meters) of high-quality oil-bearing sandstone reservoirs and was safely drilled to 17,825...
Opinions

Privatisation’s role in maximising Guyana’s total benefits from the petroleum sector

OilNOW -
Too often countries do not get the full value of their resources. A government would genuinely be interested in using its good luck of an abundant resource endowment for the benefit of its people. However, first, it must somehow...
News

SBM Offshore to acquire 75% equity in SBM Installer JV

OilNOW -
Ocean Yield has agreed to sell its 75% equity in the SBM Installer diving support and construction vessel owned by OS Installer Limited which is a joint venture owned 75% by Ocean Yield and 25% by SBM Holding Inc...
News

Guyana now in the big league – exporting crude to Europe, China and India – Bobby Gossai Jr.

OilNOW -
Guyanese economist Bobby Gossai Jr says with the level of investment being made in Guyana’s oil and gas sector and the country becoming the newest oil producer in the region, it is no longer a “small country” but is...
News

Local content legislation for Guyana Parliament by year-end

OilNOW -
Draft local content legislation should be ready for Parliament by the end of the year in South America’s newest oil producing nation – Guyana – where the recently installed government has been advocating for more benefits for the country...
News

‘Leaving the oil in the ground’ is not an option for Guyana – Vice President

OilNOW -
Vice President of Guyana, Dr Bharrat Jagdeo believes that it is unrealistic to call for the developing South American country to leave its giant oil discoveries - made over the past five years – undeveloped, while the needs of...
News

Guyana will change “beyond all recognition” – Greg Quinn

OilNOW -
British High Commissioner to Guyana, Greg Quinn, says the South American country is about to experience a transformation “beyond all recognition,” with a more affluent consumer base and growing economic opportunities for its population of just over 770,000. Quinn was...
News

‘EPA must safeguard our interest but must not be a barrier to investment’ – Vice President

OilNOW -
While the role of the Environmental Protection Agency (EPA) in protecting the interest and wellbeing of the nation is regarded as a most important one, it must do so in a manner that facilitate, rather than curtail investments. Guyana’s...
News

T&T’s National Energy says low natural gas volume scenarios affected its projects

OilNOW -
Trinidad and Tobago’s State-owned National Energy is said to have only delivered one project in the last twelve years and none in the last five years. This is according to a report in the Trinidad Guardian on Thursday. Noting that...
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Energy InsightsChevy Devonish -

The Oil Pollution Prevention, Preparedness Response and Responsibility Act: Liability 

In my last piece, I gave an overview of Guyana’s new Oil Pollution Prevention, Preparedness Response and Responsibility Act...

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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