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NGC expands presence in Trinidad’s gas industry with upstream asset acquisitions

OilNOW -
The National Gas Company of Trinidad and Tobago Limited (NGC) has taken a significant step forward in expanding its footprint in the country's gas industry with a series of strategic acquisitions of upstream gas assets.  NGC, through its wholly owned...
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About 60 companies expected for Guyana’s National Small Business Week 2023

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Guyana's National Small Business Week is set to kick off from July 21-29, 2023, and this year's edition is expected to feature the participation of around 60 small businesses. Under the theme of "Strategic Collaboration for Success," the event...
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Guyana to welcome second US Secretary of State in four years

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Secretary of State Antony J. Blinken is set to embark on a diplomatic visit to Guyana. The visit is part of Secretary Blinken's broader engagement in the Caribbean region, where he will participate in the Caribbean Community (CARICOM) Heads...
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Former oil minister’s book on Stabroek Block PSA will have no effect on gov’t policy position – Jagdeo 

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While Guyana’s former Minister of Natural Resources, Raphael Trotman is now expressing support for a renegotiation of the Stabroek Block Production Sharing Agreement (PSA) which governs one of the world’s largest oil fields, the contract will remain intact. This...
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Guyana, Brazil to account for 30% of global subsea tree installation – Rystad Energy

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South American neighbours Guyana and Brazil are the driving force behind 30% of global subsea tree installations all the way up to 2030, according to Rystad Energy projections.  The Norway-based firmt said investments in offshore services are expected to balloon...
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Guyana selects four contenders for first oil refinery

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Guyana's Vice President, Dr. Bharrat Jagdeo confirmed on Thursday that the administration still has its sights set on establishing a modular oil refinery. In fact, four strong contenders have been shortlisted, the official disclosed. During a press conference, the chief...
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Norway approves US$18.5 billion in projects to sustain European supply amid Russian energy backlash

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Norway's energy ministry has granted approval for oil and gas projects valued at more than 200 billion kroner (US$18.5 billion), as the country aims to maintain its position as Europe's largest natural gas supplier.  The approved projects, including Aker BP...
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Renewables surge but fossil fuels still dominating global energy industry

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Fossil fuels continue to meet more than 80% of the world's energy needs despite a continued record growth rate of renewable energy in the wake of the COVID-19 pandemic, according to data compiled by the UK-based Energy Institute. Global primary...
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Maersk advances green fleet transformation with order for six methanol-powered container vessels

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A.P. Moller - Maersk, a global leader in container shipping, has announced the order of six mid-sized container vessels equipped with dual-fuel engines capable of operating on green methanol. The order was placed with Yangzijiang Shipbuilding Group, and the...
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Wei-1 discovery could be first major commercial find outside Stabroek Block; evaluation results expected in 2-3 months – Ministry

OilNOW -
Guyana's Ministry of Natural Resources said in a statement on Wednesday that further evaluation will determine the potential commercial viability of the Wei-1 discovery in the Corentyne Block. While CGX Energy Incorporated and Frontera Energy Corporation have made significant...
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Guyana’s power demand hits record high at 221.3 megawatts 

Guyana has recorded its highest-ever electricity demand this year, with peak consumption reaching 221.3 megawatts (MW) in September. The...

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