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Commonwealth says Venezuela referendum a ‘threat to peace and stability’ in Caribbean region

OilNOW -
The Commonwealth has issued a statement expressing "deep concern" over the Venezuelan National Assembly's decision to undertake a referendum on the status of the Essequibo region. The referendum is scheduled for December 3 and concerns the sovereign territory of...
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Guyana in talks with Afreximbank for US$500M bridge financing for infrastructure projects

OilNOW -
Guyanese officials are currently in talks with the African Export-Import Bank (Afreximbank) for a US$500 million bridge financing that can be used to fund the government’s massive infrastructure programme. President Dr. Irfaan Ali made this revelation during the opening...
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“This Essequibo is ours, every square inch of it” – President Ali

OilNOW -
Standing on the land Venezuela is attempting to claim as its own, Guyana’s President Dr. Irfaan Ali affirmed that his country does not plan on surrendering its territory.  “This Essequibo is ours, every square inch of it,” he declared on...
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Maduro says “Venezuela has never recognized nor will it recognize the ICJ” for resolution of Guyana border controversy 

Shikema Dey -
The jurisdiction of the International Court of Justice (ICJ) to preside over the Guyana-Venezuela border controversy case does not seem to matter to the Nicolas Maduro-led administration.  In fact, President Maduro himself told state press that “Venezuela has never recognized...
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Subsea7 awarded major contract amendment for Petrobras’ Mero 4 field development 

OilNOW -
Subsea7 has confirmed the award of a major contract amendment by Petrobras for the development of the Mero 4 field, located approximately 200 kilometers off the coast of the state of Rio de Janeiro, Brazil. The field is situated...
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Guyana seeks ICJ intervention to block controversial Venezuela referendum on Essequibo

OilNOW -
Guyana has turned to the International Court of Justice (ICJ) to block Venezuela’s December 3 referendum which seeks to garner support for the annexation of the Essequibo region - approximately two-thirds of Guyana’s territory.  The official request was filed on...
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Energy expert says Guyana’s strategies for managing oil wealth are first rate

OilNOW -
David Goldwyn, an energy expert with experience in the U.S. State Department and specialized work in extractive industry transparency, recently expressed high regard for the strategies Guyana has in place to manage its emerging oil wealth.  Speaking at a press...
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Exxon targeting three wildcats in search of “anchor prospects” to underpin new developments

OilNOW -
ExxonMobil aims to churn out even more discoveries in Guyana’s Stabroek block with three wildcats planned for the new year, said its senior vice president, Neil Chapman, on October 27.  Exxon has already racked up a resource count of over...
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DNV qualifies SBM Offshore’s carbon capture technology for FPSOs

OilNOW -
Classification society DNV, serving as a third party, has granted a statement of qualified technology to SBM Offshore in partnership with Mitsubishi Heavy Industries (MHI) for their innovative carbon capture plant, designed for deployment on SBM Offshore's EmissionZERO® floating...
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Guyana invites consultations on gas monetization strategy

OilNOW -
The Guyana government has announced the initiation of a public consultation for Guyana's gas monetization strategy. A release from the Ministry of Natural Resources (MNR) said the strategy aims to serve as a "pivotal roadmap for managing the nation's...
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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...

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