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Why are the ExxonMobil-Guyana cost audits taking so long? Jagdeo weighs in

OilNOW -
Recent relations between ExxonMobil and the Guyanese government have gained momentum in resolving cost disputes, according to Vice President Dr. Bharrat Jagdeo. This news follows prolonged negotiations and document submissions, in an auditing process which, according to Jagdeo, has...
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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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Touchstone Exploration advances Royston-1X well testing, prepares for Cascadura facility commissioning

OilNOW -
Touchstone Exploration Inc, the Calgary-based oil and gas company with a primary focus on Trinidad and Tobago, has successfully completed its program of five production test intervals at the Royston-1X well.  The Royston-1X well, in which Touchstone holds an 80%...
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Jagdeo, Trotman at odds over signing of 2016 contract with ExxonMobil

OilNOW -
The 2016 Stabroek Block Production Sharing Agreement (PSA) Guyana signed with US oil major ExxonMobil continues to be a main topic of discussion and contention. An exchange of words between Raphael Trotman, former Minister of Natural Resources, and current...
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ExxonMobil Guyana seeks suppliers for offshore personnel travel vessel services

OilNOW -
ExxonMobil Guyana has announced plans to establish an agreement for personnel travel vessel services. In a recent public Request for Information (RFI), the company has invited qualified firms to step forward and potentially secure this vital role in their...
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Equinor and partners amplify oil production at Statfjord Øst project

OilNOW -
Equinor and its partners have announced the boosting of production at the Statfjord Øst project offshore Norway. The initiative enhances the oil extraction rate, leading to an increase in production by a whopping 26 million barrels of oil equivalents...
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Housing demand balloons as Guyana’s oil sector gets bigger – Min Croal as major Building Expo opens

OilNOW -
The expansion of Guyana’s oil and gas sector has resulted in a new dilemma for its government - a deficit in housing, according to the subject Minister Collin Croal.  Guyana launched the second edition of its massive Building Expo on...
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Guyana government still to approve sale of Tullow’s Orinduik holdings to Eco Atlantic – Vice President

Kemol King -
The Guyana government has not yet approved the transaction enacting Tullow Oil Plc’s departure from the Orinduik block. Vice President Dr. Bharrat Jagdeo told OilNOW on August 24 that Tullow has formally communicated its desire to sell its subsidiary,...
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Repsol asks Guyana for brand new license for Kanuku Block

Kemol King -
Kanuku block operator, Repsol, has applied for a new exploration license for the acreage. Guyana's Vice President Dr. Bharrat Jagdeo confirmed this in a comment to OilNOW on Thursday. He said the government has to consider it. Repsol appears...
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Surge in drilling activities expected to revitalise Nigeria’s oil and gas sector until 2030

OilNOW -
Westwood anticipates a substantial surge in drilling activities within Nigeria's oil and gas sector between 2023 and 2030, with a forecast of an average of 140 development wells to be drilled each year during this period. This significant uptick...
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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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