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Hess Chief says Guyana President assured him of strong appeal in financial assurance case

OilNOW -
Chief Executive Officer of Hess Corporation, John Hess, said Friday that he was assured by Guyana President Dr. Mohamed Irfaan Ali of the strength of Guyana’s case in the appeal of an upset High Court judgment on financial assurance...
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GO-NDE becomes second IRATA-certified Guyanese company

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GO-NDE Inc., a joint venture partnership between Guyana Oil and Gas Support Services Inc. and Non Destructive Testers Guyana Inc., announced that it has successfully completed its International Rope Access Trade Association (IRATA) audit and has been granted probationary...
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Jagdeo confirms Exxon’s Stabroek Block exploration agreement extended by one year

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Guyana's Vice President, Dr. Bharrat Jagdeo has confirmed that the exploration agreement for the Stabroek Block, initially set to expire in 2026, has been extended by one year. Jagdeo confirmed that the extension aims to account for the challenges...
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Woodside announces FID for US$7.2 billion Trion project offshore Mexico

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Australian energy company, Woodside, has decided to develop the Trion resource in Mexico.  The Trion resource development is subject to joint venture approval and regulatory clearance of the field development plan (FDP), anticipated to be completed in the fourth quarter...
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“How can government’s legal advisor be excluded from proceeding where state benefits” – AG

Shikema Dey -
Guyana’s Appellate Court will soon decide whether Attorney General (AG) Anil Nandlall will be allowed the join legal proceedings concerning the provision of financial assurance for the ExxonMobil-operated Stabroek Block in the case of an oil spill.  The parties appeared...
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New law will prohibit Guyana gov’t officials, family members from owning petroleum license

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The new draft Petroleum Activities Bill released this week by Guyana’s Ministry of Natural Resources contains stringent measures which seek to block government officials and their family members from owning a petroleum license. Under ‘Prohibition against holding a licence’ the...
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Pipeline installation underway for Guyana’s Gas-to-Energy project

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Pipelaying activities are ongoing near the West Bank of Guyana’s Demerara River to facilitate the Gas-to-Energy project.  A notice from Guyana’s Maritime Administration (MARAD) noted that the DB Rewa vessel has joined operations and is scheduled to conclude activities on...
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Shallow water potential offshore Suriname revealed with 3D seismic survey data

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A recent 3D seismic survey on Suriname’s offshore acreage has revealed the Dutch-speaking nation’s shallow water exploration potential. This is according to CGG - a geotechnical data service provider that completed the five-phase seismic survey alongside CGS and BPC.  “CGG’s...
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Saipem Guyana seeks local companies for ground transportation services as operations escalate in Stabroek Block

OilNOW -
Guyanese companies in strict compliance with the country’s local content law are invited to submit expressions of interest (EOIs) for ground transportation services for Saipem Guyana, one of ExxonMobil’s leading Stabroek Block contractors.  Saipem in a public EOI request stated...
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New oil law to establish framework for Gas-to-Energy pipeline, plants

OilNOW -
With preliminary work for Guyana’s Gas-to-Energy project underway, the new proposed Petroleum Activities Bill includes a framework for the permitting of pipelines and plants to transport and treat petroleum. This has implications for investment decisions by ExxonMobil and partners...
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Tourism minister calls for cultural shift, stronger service standards to power Guyana’s next economic phase

Tourism, Industry, and Commerce Minister Susan Rodrigues has called for a national cultural transformation to align with Guyana’s rapid...

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