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Over 6,000 businesses benefit from new ‘Centre Hub’ launched by CLBD

OilNOW -
The landscape of business opportunities in Guyana has been boosted with the introduction of the Centre Hub, an enhanced and upgraded digital platform introduced by the Centre for Local Business Development (CLBD) on September 7. It is set to...
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Touchstone delivers first gas from Cascadura project in Trinidad

OilNOW -
Calgary-based Touchstone Exploration Inc. has officially announced the commencement of production at its Cascadura natural gas and liquids facility in Trinidad. This announcement heralds a significant transition for Touchstone, pivoting the company's operations to be more natural gas-centric. The Cascadura...
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Integrated advantage: How FPSOs outperform traditional platforms in Guyana’s depths

OilNOW -
ExxonMobil has decided to use the floating production, storage and offloading (FPSO) vessel for every oil development offshore Guyana. But why? The company explained in the environmental impact assessment (EIA) for the proposed Whiptail project, which would be the...
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Technical Training College project “will not significantly affect environment” – EPA

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The Environmental Protection Agency (EPA) has concluded that a study of the environmental and social impacts of the Guyana Technical Training College Incorporated (GTTCI) being constructed in Port Mourant, Corentyne, Berbice, is not necessary. The institution is set to...
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Brazil’s Petrobras to install 11 new FPSOs in presalt basin to mark 15-year production anniversary

OilNOW -
Brazil’s Petrobras marked 15 years of pre-salt offshore production this month and unveiled intentions to deploy 11 new production platforms in the basin by 2027.  Since December 2022, Petrobras initiated operations on the P-71 platform at the Itapu field and...
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IEA says Guyana will achieve explosive oil supply growth through 2028 

OilNOW -
By 2028, Guyana is expected to provide approximately 1.3% of global oil demand. By then, the ExxonMobil-led consortium holding the Stabroek Block will have invested approximately US$54 billion to develop projects offshore the South American country. While global oil demand...
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Education Ministry receives bids for Port Mourant Hospitality Institute

OilNOW -
Construction is underway at the Port Mourant Technical Training College in Berbice, Region 6. This highly-anticipated project is meant to train Guyanese to take up roles in the oil and gas and hospitality sectors.  Guyana’s Finance Minister, Dr. Ashni Singh...
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Petrobras revising divestment strategy, puts Urucu, Bahia-Terra, Manati, and Argentine subsidiary sales on pause

OilNOW -
In line with shifting priorities, Brazil’s Petrobras has axed the divestment of four major assets as it seeks to revise the process. Its sale of the onshore Urucu and Bahia-Terra clusters, the Manati oilfield, and its Argentine subsidiary, Petrobras...
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Rystad Energy predicts bullish oil market as Saudi Arabia & Russia extend cuts, fueling price surge

OilNOW -
The oil market was quick to react to OPEC’s founding member Saudi Arabia extending its one million barrel per day (bpd) production cut to December 2023. Oil prices shot up to US$90.50 - the highest it’s been since November...
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New national control centre being constructed to support Guyana’s gas project 

OilNOW -
The Office of the Prime Minister in Guyana is seeking to have a national control centre constructed to facilitate the country's energy infrastructure overhaul, including support for the Gas-to-energy project. It has issued a public Request for Proposals (RFP)...
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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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