News

News

Guyanese firms needed to support Gas-to-Energy project

OilNOW -
LNDCH4 has commenced the initial phase of its vendor and supplier identification in Guyana, with a view of developing a register of Guyanese firms to provide goods and services.  The joint venture of Lindsayca and CH4 has a tremendous task...
News

Guyana has already plugged US$100 million into Gas-to-Energy project – Jagdeo

OilNOW -
Dr. Bharrat Jagdeo, Vice President of Guyana, said the government has contributed US$100 million from the treasury towards the Gas-to-Energy project. The project's total cost is $US1.8 billion of which Guyana will plug US$759 million. It aims to establish a facility...
News

Liza 2 was second highest producing project in South America in 2022 – GlobalData

OilNOW -
Data analytics and information service, GlobalData, said ExxonMobil’s Liza Phase 2 project offshore Guyana had the second-highest oil and condensate production in South America in 2022. It expects the project to produce until 2043. Below is a chart showing the...
News

Dispute resolution crucial to Guyana’s ability to keep attracting investments

OilNOW -
The stay of execution granted by an Appellate Court Judge on a recent High Court order will go down well for Guyana’s global reputation, says Vice President, Dr. Bharrat Jagdeo. The High Court’s order had compelled an ExxonMobil-led consortium...
News

Vreed-en-Hoop Port owner aims to eliminate reliance on foreign bases for Guyana operations

OilNOW -
The Vreed-en-Hoop Shore Base (VEHSI) developers aim to create a state-of-the-art oil service facility that can essentially see Guyana relying less on outside help.  Director, Nick Boyer outlined in a recent update that VEHSI will have space for expansion to...
News

Judge orders Exxon to lodge US$2B oil spill guarantee, grants stay of execution on previous ruling

Shikema Dey -
Guyana’s Appellate Court on Thursday granted ExxonMobil and its co-venturers a stay to the Supreme Court judgment that required it to provide an unlimited Parent Company Guarantee Agreement/or Affiliate Company Guarantee Agreement.  Failure to comply would have resulted in the...
News

Asset Managing Giants hold talks with Guyana on being part of oil development

OilNOW -
Guyana’s remarkable oil developments have attracted the attention of Black Rock, the world’s largest asset manager, along with other American heavyweights like Bank of America. Top officials from these companies, as well as Hess Corporation, Capital Group, MFS Investment...
Exploration

Suriname’s deepwater bid round closed

OilNOW -
Suriname’s Staatsolie has announced the successful closure of its 2022-2023 Demerara Bid Round, where six blocks were up for grabs.  According to Staatsolie, it received qualified bids for three of the blocks offered from several companies and/or consortia.  “We thank all...
News

Guyana oil fund closed May with US$1.57 billion

OilNOW -
Guyana’s fifth profit oil lift for the year was sold for GY$18.17 billion (approximately US$87 million). A Bank of Guyana report indicated payment for the sale of this lift represented the only inflow to the Natural Resource Fund (NRF)...
News

Just a few squeaky wheels calling for end to hydrocarbons, says Trinidad Energy Minister

OilNOW -
Stuart Young, Trinidad and Tobago's Minister of Energy and Energy Industries has argued in favour of a balanced approach to energy production, acknowledging the transition challenges to renewable energy sources and the essential role of hydrocarbon-based resources in the...
1...261262263...1,017Page 262 of 1,017

Latest News

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.

Quick Access

Company Info

Social Networks