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“Very big deal for Guyana to have its own capping stack” –  Exxon Project Manager

OilNOW -
A key provision in ExxonMobil’s permit for the massive Yellowtail project offshore Guyana requires the company to have a capping stack maintained, tested, and stored in country. And this, according to Exxon’s Project Manager, Anthony Jackson, should be considered...
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No hurry for Guyana to become member of global oil cartel

OilNOW -
The oil cartel, Organisation of Petroleum Exporting Countries (OPEC), and South America’s new oil producer, Guyana, do not see eye to eye on production policies and for that reason, the country is not interested in becoming a member.  Its President,...
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US Energy Information Administration sees global oil inventory drop in Q4 after Saudi Arabia’s production cut extension

OilNOW -
In the wake of Saudi Arabia's recent announcement to extend its voluntary one million barrels per day (b/d) production cut through the end of this year, the US Energy Information Administration (EIA) anticipates a reduction in global oil inventories...
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TotalEnergies comes out swinging with US$9 billion investment proposal for first Suriname development

Shikema Dey -
Deepwater oil development offshore Suriname is finally coming. TotalEnergies on Sept. 13 announced plans to plug US$9 billion in a Block 58 development to extract the massive oil finds hidden in the Sapakara South and Krabdagu fields - close to...
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Six groups submit bids as Guyana closes first-ever offshore licensing round

OilNOW -
Guyana’s National Procurement and Tender Administration Board (NPTAB) opened bid documents from six groups vying for the country’s offshore oil blocks. Majors ExxonMobil and TotalEnergies, which already have interests in the jurisdiction, are among the set.  The groups are: 1. TotalEnergies,...
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Exxon drilling Guyana appraisal well at gas field near Suriname border

OilNOW -
According to Guyana’s Maritime Administration Department, ExxonMobil is utilising the Stena DrillMax to conduct drilling at Haimara-2, an appraisal well with potential high-quality, gas-condensate resources. The oil major has said technical work is being done with updates provided to the...
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Five bids for Guyana oil refinery shortlisted and ranked

OilNOW -
Of 11 bids submitted to build and operate a modular oil refinery in Guyana, the government is now in possession of a list of five qualifiers, according to a Ministry of Finance 2023 Mid-Year report. “These contenders are now ranked,...
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‘Poverty in this environment is unacceptable’ – Guyana Opposition proposes minimum livable income

OilNOW -
Amidst Guyana's promising economic trajectory from newfound offshore oil resources, the opposition has made its stance clear: "Poverty in this environment is totally unacceptable," declared Elson Low, the Economic Policy Advisor to the opposition. What’s their solution? A minimum livable...
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Bp’s CEO Bernard Looney resigns amid probes about personal relationships with staff

OilNOW -
Bp has announced the immediate resignation of Bernard Looney as Chief Executive Officer (CEO). The company's Chief Financial Officer (CFO), Murray Auchincloss, will take on the role of CEO on an interim basis. Looney's departure follows a series of allegations...
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Qatar Emir touches down in Guyana, inks three cooperation agreements to bolster partnership between oil nations

OilNOW -
Oil nations Qatar and Guyana strengthened relations with the signing of new agreements overseen by the Emir, Sheikh Tamim bin Hamad Al-Thani, and President Dr. Mohamed Irfaan Ali on Sept. 12.  This is the Emir’s first visit to Guyana. It...
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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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