Tuesday, September 27, 2022

News

Exxon’s biggest discoveries in Guyana to date

ExxonMobil had been on the hunt for black gold in Guyana’s offshore Stabroek Block since 2008 before it hit pay in 2015 after making its first discovery at Liza 1. It is now 2022 and the company has made 33...

T&T announces plans to review fiscal regime, make investments more favourable to oil companies

Trinidad and Tobago’s National Budget, which was presented on Monday by Minister of Finance, Colm Imbert, contained new measures to help revive the country’s oil and gas sector. An impending major development is a review of T&T’s fiscal regime to...

TotalEnergies is Qatar’s first partner in mega North Field South LNG project

TotalEnergies said it has again been selected by QatarEnergy to partner in a mega liquefied natural gas (LNG) project. The energy major had been chosen as the first partner for the 32 million ton per annum (Mtpa) North Field East (NFE) LNG project earlier...

BpTT gets green light for massive Cypre gas development project

Bp Trinidad and Tobago (bpTT) disclosed on Friday that it has received the blessings of the Trinidadian government to proceed with the development of its Cypre offshore gas project. This decision, it said, followed recent meetings between Trinidad and Tobago’s...

Government to compensate property owners who will be displaced by Gas-to-Energy project – Attorney General

A government delegation led by Guyana’s Attorney General, Mohabir Anil Nandlall, on Friday met with residents of several Region Three communities through which the upcoming Gas-to-Energy infrastructure will be built. These communities include Nouvelle Flanders and Wales, the legal...

Dredging of Guyana’s main river port for creation of two-way channel to begin soon, official says

As oil and gas activities ramp up offshore Guyana, so does marine traffic traversing the country’s main channel – the Demerara River – and the government is working to ensure it can facilitate the rapid change. At present, the Demerara...

Guyana business group lobbying for law that would recognise contracts as collateral for loans

President of the Georgetown Chamber of Commerce and Industry (GCCI), Timothy Tucker said the organisation is lobbying the Guyana government to pursue the type of legislative changes that would allow new companies to use their contracts as a means...

With return of coal-fired power, natural gas more important now than ever

Russia’s war on Ukraine has forced the return of coal-fired power projects, enabling European countries to weather the energy storm as the Putin-led administration chokes its natural gas supply. And with winter on the way, this seems like the...

Business scholars say oil can fuel sugarcane ethanol production in new hotspot

It is well known that Guyana, South America’s newest oil and gas hotspot, has had a most turbulent ride with the sugar industry in recent decades. Climate change, high production costs, and a range of other factors have had...

Time running out for T&T to attract more upstream investment

The Trinidad and Tobago government committed since last year to conduct an in-depth review of the fiscal regime governing its upstream petroleum sector, said Chief Executive Officer of the Energy Chamber of Trinidad and Tobago, Dr. Thackwray Driver. But...

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Exxon’s biggest discoveries in Guyana to date

ExxonMobil had been on the hunt for black gold in Guyana’s offshore Stabroek Block since 2008 before it hit...