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Guyana is Suriname’s best bet for natural gas

Shikema Dey -
Suriname’s mega port coined Firebird LNG will see US$5.4 billion being invested to create a shore base and an economic zone - similar to that of the Vreed-en-Hoop Shore Base Inc. (VEHSI) which will service ExxonMobil Guyana’s Yellowtail development.  Phoenix...
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Guyana tax regulator boosting capacity for oil audits

OilNOW -
With five sanctioned projects in the Stabroek Block, and a sixth in the pipeline for review, the Government of Guyana has mandated its regulators to establish a special oil and gas auditing unit to keep track of the growing...
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Fate of thousands of businesses and opportunities for Guyanese at stake with insurance ruling – PSC

OilNOW -
An umbrella organisation representing businesses across Guyana is now speaking out, following the recent court ruling on oil spill insurance in the South American country. The Private Sector Commission (PSC) said in a statement on May 20 that it is...
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As Guyana barrels grow, US looking for supplies to replenish strategic reserve

OilNOW -
With its newfound oil wealth, Guyana has quickly become an attractive partner for countries seeking to diversify their energy sources. And Guyana could be the market for the United States (US) to tap into as it is actively exploring...
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Stabroek Block singlehandedly propelling Guyana’s economy forward

Kemol King -
The growth of oil production offshore Guyana is singlehandledly propelling Guyana’s national economy forward. That much has been obvious for the past few years. An examination of the data shows just how striking this correlation is between the two.  In...
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Guyana to employ strict justification guidelines to monitor cost overruns on oil projects

OilNOW -
Guyanese authorities have assured that a strict monitoring process is in place to ensure all cost overruns for projects in the Stabroek Block are scrutinised. This was specifically noted by Vice President, Dr. Bharrat Jagdeo, the chief policy maker...
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Gas-to-Energy project on track for 2024 delivery – Jagdeo

OilNOW -
Guyana’s Environmental Assessment Board (EAB) has upheld a decision by the Environmental Protection Agency (EPA) to not require a separate Environmental Impact Assessment (EIA) for Guyana's upcoming 300 megawatts (MW) natural gas power plant. The power plant is expected...
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PHOTOS: CGX forging ahead with work on Berbice Deep Water Port

OilNOW -
Work on CGX Energy’s Berbice Deep Water Port is progressing, as the company aims to have it partially operational by the fourth quarter. It is being built on 30 acres of land adjacent to and north of Crab Island...
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Saipem secures lucrative offshore contracts in the Black Sea and North Sea worth US$850M

OilNOW -
Italian multinational company Saipem has been awarded two significant offshore contracts with a combined value of approximately US$850 million.  The contracts encompass an Engineering, Procurement, Construction, and Installation (EPCI) project in the Black Sea and decommissioning activities in the North...
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Exxon commits to fulfill obligations, says won’t leave Guyana high and dry

OilNOW -
ExxonMobil Guyana’s President, Alistair Routledge has assured that Guyana is safe from liability should an oil spill occur in its offshore acreage as the company has a more than US$20 billion safety net protecting the South American nation.  At a...
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Hess gives back Suriname oil block at Guyana border

U.S. oil company Hess has relinquished Block 59 offshore Suriname, a deepwater area located near the maritime border with...

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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