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The key legal instruments governing Guyana’s oil and gas industry

OilNOW -
By Chevy Devonish In the first article of this column, I indicated the intention to map and distill the entirety of the legal framework directly (specifically governs oil and gas production and related activities) and indirectly (does not directly govern...
News

Bourbon Clear vessel in Guyana to support Yellowtail development operations 

OilNOW -
Offshore marine services company – Bourbon Guyana Inc. – now has seven vessels supporting oil and gas operations offshore in the Stabroek Block.  “The Bourbon Clear joins our local Bourbon Guyana fleet, increasing the number to 7 OSVs operating...
News

Guyana poised for way more oil revenue than projected this year

OilNOW -
Guyana’s Natural Resource Fund (NRF) could get way more revenue than projected in 2024, due to higher than expected oil production.  S&P Global projected 632,000 barrels per day (b/d) oil production for Guyana in 2024, a more than 60% growth...
News

With 52% equity boost, Exxon-led Guyana group better positioned to handle a spill

Kemol King -
The combined equity of the Guyana affiliates of ExxonMobil, Hess and CNOOC was US$18.6 billion at the end of 2023. This is a 52% increase from US$12.2 billion in the prior year, boosting the group’s capacity to respond to...
Exploration

S&P estimates 18.7 billion barrels of recoverable resources in Guyana Basin

OilNOW -
S&P Global estimates that recoverable resources of 18.7 billion barrels of oil equivalent (boe) have been discovered in the Guyana Basin since 2015.   S&P Global Commodity Insights analysts Fernanda Machado, Mariana Anjos and Jerry Jarvis said in a...
News

Exploration continues at Lau-Lau-2 with Noble Don Taylor 

OilNOW -
The Noble Don Taylor is continuing exploration drilling at ExxonMobil’s Lau-Lau-2 well site in Guyana’s Stabroek Block.  A notice from the Maritime Administration Department (MARAD) posted over the weekend outlined that drilling operations will end on October 31, 2024. The...
News

UG’s Petroleum Engineering degree in high demand, while U.S. programs face decline

OilNOW -
The University of Guyana (UG) started offering programs in Petroleum Engineering in the 2017/2018 academic year, and have since seen flourishing demand for its graduates. This comes in stark contrast to a decline in enrollments to similar programs at...
News

Women must be at the frontline of Guyana’s explosive development – Lady Cherie Blair

OilNOW -
Lady Cherie Blair, founder of the Cherie Blair Foundation for Women, emphasized the vital role of women in Guyana's rapid development. Speaking on the Energy Perspectives podcast, Blair highlighted the impact of women's empowerment on economic progress. Blair's advocacy stems...
News

ABS to classify Seatrium’s new FPSOs for Petrobras in offshore digital collaboration

OilNOW -
Seatrium has awarded the American Bureau of Shipping (ABS) a classification contract for Petrobras' newbuild floating production storage and offloading (FPSO) platforms, P-84 and P-85. Final delivery is expected by 2029. These are the first FPSOs following the ABS...
News

GAICO building fertilizer blending plant, second wharf ahead of Gas-to-Energy start-up

OilNOW -
GAICO Construction and General Services Inc. is building a fertilizer blending plant and a second wharf on the West Bank of Demerara. The combined investment cost is estimated to exceed US$10 million, GAICO’s Chief Executive Officer, Komal Singh told...
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Latest News

NewsOilNOW -

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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