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Guyana Parliament passes Oil Spill Bill to boost environmental protection as production ramps up

OilNOW -
In a move that government officials say is vital as oil production surges, Guyana’s National Assembly passed sweeping new legislation on Friday to enhance the country’s ability to prevent and respond to oil spills.  The Oil Pollution Prevention, Preparedness, Response...
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Halliburton delivers first Namibia wells using local infrastructure in partnership with Rhino Resources

OilNOW -
Halliburton and Rhino Resources have announced the successful delivery of two exploration wells on Block 2914 within Petroleum Exploration License (PEL) 85 offshore Namibia. Halliburton’s integrated services and collaborative approach were key to Rhino’s success as the block’s operator. These...
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Exxon and the Liza legacy: A decade of oil development in Guyana

Shikema Dey -
Liza was the biggest, best prospect in a basin with zero discoveries. It kicked into gear the development of what is now known as one of the world’s prolific deepwater assets, the Stabroek Block. It is now 10 years...
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“Ten years is only the beginning” – ExxonMobil’s Hunter Farris reflects on Guyana’s rise as an energy superpower

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“Ten years is only the beginning.” That’s how Hunter Farris, Senior Vice President for Deepwater at ExxonMobil Upstream Company, summed up the extraordinary transformation of Guyana’s oil and gas industry, as the company marks the 10th anniversary of its...
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Staatsolie locks in 20% participation in GranMorgu with US$1.6B loan

OilNOW -
Staatsolie Maatschappij Suriname N.V. has secured a US$1.6 billion bank loan to finance its 20% participation in the GranMorgu development in Block 58. The loan agreement was finalized on Wednesday, May 14, with a consortium of 18 international, regional, and...
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SBM Offshore to deliver three FPSOs in 2025 amid strong market demand 

OilNOW -
SBM Offshore said it is on track to bring three major FPSOs online in 2025, with FPSO Almirante Tamandaré, FPSO Alexandre de Gusmão, and FPSO ONE GUYANA progressing steadily toward key milestones. Chief Executive Officer, Øivind Tangen, confirmed this in...
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Guyana Army Chief declines to link border skirmishes to Venezuela military

OilNOW -
Guyana’s army chief on Thursday declined to directly attribute a series of recent border skirmishes to the Venezuelan military, in the wake of reports that troops from the Guyana Defence Force (GDF) came under automatic fire three times this...
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Bulk carrier spills oil at Guyana’s Demerara River, regulator says

OilNOW -
A bulk carrier moored at a wharf along Guyana’s Demerara River spilled oil on Thursday, prompting an emergency response from authorities, the country’s maritime regulator said. The Palau-flagged AROYAT (IMO 9151395) was docked at the Demerara Sugar Terminal (DST) in Ruimveldt to...
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Guyanese soldiers repeatedly attacked by armed men on Venezuelan shore during river patrols on Wednesday

OilNOW -
The Guyana Defense Force (GDF) said on Thursday that its troops came under attack by armed men in civilian clothing on the Venezuelan side of the Cuyuni River, as tensions escalate ahead of Venezuela’s planned May 25 election in...
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China to receive direct crude oil shipment from Guyana; its first in three years 

OilNOW -
According to Quantum Commodity Intelligence, an independent price reporting agency, China is set to take delivery of a direct shipment of Guyanese crude oil, the first in three years. Data from commodity analytics firm Kpler showed a very large...
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Guyana Parliament passes Oil Spill Bill to boost environmental protection as production ramps up

In a move that government officials say is vital as oil production surges, Guyana’s National Assembly passed sweeping new...

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