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Six Guyanese selected for aviation security roles with Omni Helicopters

OilNOW -
Omni Helicopters has officially selected six Guyanese for the roles of search and rescue (SAR) rear crew with additional aviation security responsibilities, according to a January 15 press update. The selected team members, who have already commenced training, are...
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Construction of Guyana’s Gas-to-Energy power plant to commence in Q2 2024 – Minister

OilNOW -
Guyana’s Finance Minister, Dr. Ashni Singh, announced the anticipated commencement of the construction of the Gas-to-Energy (GtE) integrated facility, which includes a 300-megawatt (MW) power plant, in the second quarter of 2024. The government contracted a US-based group (CH4-Lindsayca)...
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Guyana to rank proposals for refinery and greenlight environmental studies in first quarter

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Guyana's Finance Minister, Dr. Ashni Singh, said the government received nine proposals from parties interested in building a refinery in the country’s Berbice region. Out of these, five were shortlisted and are currently under evaluation. The final ranking of...
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Saipem to appeal Brazil’s 2-year public contract ban amidst allegations of irregularities

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Milan-listed offshore engineering and construction company Saipem is set to appeal a two-year ban on signing new contracts with the Brazilian public administration following an investigation into alleged irregularities surrounding a deal signed with Petrobras in 2011. The suspension, imposed...
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Another Exxon-led project may connect to Gas-to-Energy pipeline alongside Liza

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Guyana’s Natural Resources Minister, Vickram Bharrat, has confirmed to OilNOW that studies are underway to determine which of ExxonMobil’s Stabroek Block projects can utilize the additional capacity of the Gas-to-Energy pipeline, following start-up in 2025. Mr. Bharrat said, “The Liza...
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U.S. imports first cargo of Guyana’s Payara Gold crude

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The United States of America has imported a cargo of Payara Gold crude for the first time, according to data from U.S. Customs and S&P Global Commodity Insights. The one-million-barrel cargo, shipped by China's CNOOC and consigned to ExxonMobil,...
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Guyana to revise oil law to spend more of its windfall this year

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The Guyana government is set to propose a revision of the withdrawal rule in its Natural Resource Fund (NRF), Finance Minister Dr. Ashni Singh said during a Jan. 15 reading of the country’s 2024 budget. This change aims to...
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Nigeria starts up 650,000 bpd Dangote refinery

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Nigeria's 650,000 b/d Dangote refinery has commenced fuel production, the Dangote Group announced on January 12. The facility has the potential to end the nation's reliance on gasoline imports, according to S&P Global Commodity Insights. The refinery, a US$19 billion...
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2023 saw Guyana’s total oil output at 142.9 million barrels – Finance Minister

OilNOW -
Guyana produced 142.9 million barrels of oil from the ExxonMobil-operated Stabroek Block in 2023, reported its Finance Minister, Dr. Ashni Singh. This tops 101.3 million barrels produced in 2022. Singh, presenting the third oil fund-backed national budget shared that Guyana’s...
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Guyana oil fund closed 2023 with US$1.97 billion

OilNOW -
Guyana’s Natural Resource Fund closed 2023 with US$1.97 billion (approximately GY$411.47 billion) according to a Bank of Guyana report published on Jan. 15.  The Fund received payment for one lift of profit oil in December, amounting to US$85.4 million (approximately...
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Europe took all of Guyana’s Golden Arrowhead oil cargoes lifted in September

Europe received all four cargoes of Golden Arrowhead crude oil lifted from ExxonMobil’s Yellowtail project in September, according to...

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