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ExxonMobil, partners have not recovered their Stabroek Block investments as yet

OilNOW -
Oil revenues generated by ExxonMobil and partners from the Stabroek Block have not yet matched the major investments they have made into exploring for crude and developing those fields. The companies have sanctioned more than US$40 billion in projects...
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Tardy payments will cost oil companies more, under new law

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Guyana's new Petroleum Activities Act, which was signed into law by President Dr. Mohamed Irfaan Ali, includes stringent provisions targeting companies that delay payments under their petroleum agreements with the government. Timely payments, encompassing royalties, training funds, and contributions...
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MATPAL engineering & deck cadets score full scholarships, one-off grants from American Caribbean Maritime Foundation

OilNOW -
Guyana's MATPAL Marine Institute Inc. is celebrating a significant milestone in maritime education and training as the American Caribbean Maritime Foundation (ACMF) extends its support to a new cohort of students. Over the past two years, MATPAL said ACMF's...
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Trinidad’s Dragon gas hopes tied to Venezuela’s elections choices 

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The eagerly anticipated Dragon Gas Deal, a landmark agreement between Trinidad and Tobago and Venezuela, is facing an uncertain future due to the lingering impact of US sanctions. The accord revolves around the development of the Dragon Gas Field,...
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Guyana’s green lungs to breathe easy despite Exxon’s offshore emissions

Kemol King -
In a recent Environmental Impact Assessment (EIA) for ExxonMobil's sixth Stabroek Block development, known as Whiptail, a comprehensive breakdown of the greenhouse gas (GHG) emissions expected from its operations was provided. The findings suggest that, even at peak emissions,...
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Dubai, India groups being considered for Guyana deep-water port

OilNOW -
Guyana's government is keenly evaluating the feasibility of establishing a genuine deep-water port. However, Vice President, Dr. Bharrat Jagdeo emphasized that the success of this significant venture hinges on a strategic trade link with Brazil. At a recent press conference,...
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Nigeria’s production increase target faces skepticism from Westwood analysts

OilNOW -
In a bold move, Nigeria's newly elected president Bola Ahmed Tinubu has publicly unveiled his administration's ambitious plan to nearly double the country's crude oil production. The goal is to escalate production from the 1.3 million barrels per day...
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Guyana Forestry Commission unveils ‘Canopy’ Magazine dedicated to Forestry Sector insights

OilNOW -
The Guyana Forestry Commission (GFC) has launched its "Canopy" magazine. This new publication, unveiled at the 2023 International Building Expo held at the National Stadium, Providence, is the first of its kind, entirely dedicated to the forestry sector. "Canopy," a...
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Guyana “hell-bent” on avoiding mistakes of other oil producers to prevent Dutch Disease

OilNOW -
Though its ascent on the global oil scene has been swift, Guyana is taking care to avoid the pitfalls of other major producers that have led to the emergence of the Dutch disease, said Vice President, Dr. Bharrat Jagdeo.  Guyana’s...
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Whiptail Development Fact Sheet 

OilNOW -
ExxonMobil Guyana is actively seeking environmental authorisation for its sixth Stabroek Block development - Whiptail. It recently submitted to the Environmental Protection Agency (EPA), the mandated 3,000+ page Environmental Impact Assessment (EIA) for review and approval. Here are some...
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Guyana Electric boosts grid reliability with specialized high-voltage training

Guyana Electric has launched specialized training courses in medium and high-voltage cable terminations and joints, aimed at improving installation...

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