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Regulator says impact studies not needed for eight solar farms earmarked for Guyana coast

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Guyana’s Environmental Protection Agency (EPA), in a November 20 notice, announced that eight proposed solar farms, collectively expected to generate 33MWp, are exempt from the requirement of environmental impact assessments (EIA) in their environmental authorization processes. The farms will...
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Subsea7 to decommission subsea infrastructure in the Campos basin for Shell

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Subsea7 said it was awarded a sizeable contract by Shell for the decommissioning of subsea infrastructure in the Campos basin offshore Brazil, in a November 20 update.  Subsea7 awarded major contract amendment for Petrobras’ Mero 4 field development  | OilNOW Subsea7’s...
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Stabroek COVs could exceed 2024 well projection with Chevron’s takeover of Hess – Deakin

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Chevron’s recent takeover of Hess has major implications for Guyana’s oil industry and its blossoming economy, according to Americas Market Intelligence (AMI) Director of Energy Practice, Arthur Deakin. For instance, Deakin foresees an uptick in the wells planned for...
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CGX, Frontera stocks plunge after JV said it found more oil offshore Guyana

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CGX Energy Inc. and Frontera Energy Corporation, partners in a joint venture (JV) operating the Corentyne acreage offshore Guyana, have experienced notable declines in their stock values. CGX’s TSE stock (OYL.V) plunged 60% from CA$0.92 on November 9 to CA$0.37...
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10-12 wells planned for Stabroek block next year to unlock more resource growth – Chevron CEO

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Chevron Corporation, now an indirect stakeholder at the Stabroek Block, recently informed the market that 10 to 12 wells are planned for this world-class concession next year. Given ExxonMobil’s past success with hitting back-to-back discoveries, Chevron’s Chief Executive Officer...
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Petronas mulling development in Suriname block shared with ExxonMobil

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A high-level delegation from Petronas recently convened discussions with the Suriname government to detail plans for a potential project at its offshore block 52.  A report from Barbados NationNews said that Petronas executives disclosed intentions to undertake further exploration drilling...
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DOF secures contracts with Subsea7 and Maersk Supply Service 

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DOF has secured substantial contracts in the maritime industry, with deals involving both Subsea7 and Maersk Supply Service. The company sealed a deal with Subsea7 for the time charter of the Skandi Acergy, a construction vessel boasting a 400-ton crane,...
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Exxon CEO advocates against painting Big Oil as ‘villains’ for climate, emphasizes technology over supply reduction 

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ExxonMobil Corp.'s Chief Executive Officer, Darren Woods, addressed concerns surrounding the portrayal of Big Oil as "villains" in the climate change narrative, warning that restricting fossil fuel supplies would impede progress towards achieving net zero emissions and perpetuate poverty...
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Guyana planning for all outcomes of Venezuela referendum should it proceed

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Guyana is preparing for all possibilities surrounding the December 3 referendum by Venezuela, its President, Irfaan Ali assured.  While Ali believes that Venezuela “would not act in a reckless way”, disregarding the orders of the International Court of Justice (ICJ),...
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Rely only on official channels for information – Presi Ali urges as Venezuela takes controversy to social media 

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The recent wave of posts on social media platforms regarding the Venezuela border controversy has prompted Guyana’s President Irfaan Ali to urge the public to rely only on information emerging from official channels in the government.  “I have seen a...
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French firm gets five-year tech support contract from ExxonMobil Guyana

French geophysical technology company Sercel announced on Tuesday that it has been awarded a five-year contract for technical support...

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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