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Exxon looking for more suppliers for its Guyana operations  

OilNOW -
ExxonMobil Guyana Limited (EMGL) is gearing up to engage suppliers for the provision of another set of onshore and offshore services as part of its operations in the Stabroek license area. According to public requests for information (RFIs), the company...
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TT’s Touchstone hits stride with Cascadura project 

OilNOW -
Trinidad-based Touchstone Exploration is celebrating success with its Cascadura project, evident from the company's third-quarter results released on November 14. The impact of Cascadura's initial output on both production profile and operating cash flows has been substantial, as highlighted...
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Record-breaking 17 back-to-back holes drilled off Guyana coast 

OilNOW -
Stena Drilling has made a groundbreaking achievement with its DrillMax rig, completing an unprecedented 17 back-to-back holes in the deepwaters offshore Guyana. This remarkable feat marks the largest number of back-to-back top holes ever drilled by a Stena Drilling...
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MODEC starts construction of Errea Wittu FPSO for Exxon’s 5th Stabroek block development

OilNOW -
MODEC announced the inaugural steel-cutting ceremony for the Guyana-bound Errea Wittu floating production, storage and offloading vessel (FPSO) in China, on November 16. The firm secured its initial order to supply an FPSO to Guyana in May 2023, commissioned...
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Eco elated at Guyana approval for high-impact Orinduik block

OilNOW -
Eco Atlantic Oil & Gas Ltd. has garnered approval from Guyana’s Minister of Natural Resources for its acquisition of a 60% interest in the Orinduik block from Tullow Oil. This development stems from an agreement made in August between...
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Sheriff Group to bring China’s world-class architecture and engineering-design know-how to Guyana in landmark pact

OilNOW -
Sheriff Group of Companies is on the cusp of a partnership, it says, that is set to redefine construction and development in Guyana. Teaming up with ARCPLUS GROUP (INT’L) CO., LIMITED, and East China Architectural Design and Research Institute...
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Guyana local content spend estimated at US$720 million in 2023

OilNOW -
Local content spend is estimated at US$720 million in 2023, reflecting the capabilities of the private sector and adherence to the Local Content Act, legislated at the end of 2021. Dr. Martin Pertab, Director of the Local Content Secretariat,...
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Venezuela VP says proud of armed forces at border, but paints Guyana as “aggressor”

Shikema Dey -
“Abhorrent and illegal” were the terms used by Venezuela’s Vice President Delcy Rodriguez to describe Guyana's move to approach the International Court of Justice (ICJ) to seek measures that would block its planned referendum.  That very referendum seeks to gather...
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SBM Offshore proud of another start-up ahead of schedule at Exxon’s Stabroek Block

OilNOW -
SBM Offshore has once again delivered and put into operation another floating production storage and offloading (FPSO) vessel offshore Guyana ahead of funding schedule and at industry-leading pace. The Prosperity FPSO began oil production at the ExxonMobil-operated Stabroek Block...
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Negotiations with winners in first oil auction to commence next week – Bharrat

OilNOW -
Negotiations with the winners of Guyana's first bid round are set to begin next week, according to the country's Minister of Natural Resources, Vickram Bharrat. Bharrat said the government has officially notified the awardees of the eight blocks. "We have...
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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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