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Guyana gov’t moves to fight another challenge to landmark Gas-to-Energy project

OilNOW -
The government of Guyana, through the Office of the Attorney General, has taken steps to defend the landmark Gas-to-Energy project in the face of yet another challenge. The project, aimed at transforming the country's energy landscape and providing low-cost...
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Ministry to publish proposed amendment to Guyana oil law on June 19

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Guyana's Vice President Dr. Bharrat Jagdeo has disclosed plans to commence a public consultation process for the draft Petroleum (Exploration and Production) Act, which will be unveiled by next week. The move will give Guyanese an opportunity to share...
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Dalian shipbuilder to construct hull, living quarters for new Guyana FPSO

OilNOW -
MODEC has secured a significant agreement with Dalian Shipbuilding Industry Company (DSIC) to construct the hull for a new floating production, storage, and offloading (FPSO) vessel being built for ExxonMobil's Uaru development offshore Guyana. The DSIC, situated in Dalian City...
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First FPSO to utilise MODEC’s M350 hull on track for start-up in 2025

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The floating production storage and offloading (FPSO) vessel Bacalhau, a collaboration between Equinor ASA and MODEC, Inc., embarked from the Dalian Shipbuilding Industry Co. (DSIC) yard on June 12, en route to Singapore for modules integration and commissioning.  Bacalhau represents...
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Guyana insurers say they’re capable of underwriting 100 % of risks in oil sector  

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Leaders in Guyana’s insurance industry recently affirmed that it has the capacity to underwrite 100 percent of the risks in the oil and gas industry. Specifically, Melissa Desantos, President of the Insurance Association of Guyana and Peter Abdool, President of...
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Exxon & COVs submit US$2B oil spill guarantee ahead of 10 day deadline

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Guyana’s Environmental Protection Agency (EPA) has received the mandated US$2 billion oil spill guarantee from Stabroek Block operator ExxonMobil Guyana and its partners, Hess and CNOOC. This was confirmed on June 14 by Exxon’s Vice President and Business Service Manager,...
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Stabroek Block boosting Guyana’s capacity to borrow, repay loans

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While Guyanese authorities recently signed onto two hefty loan agreements with Qatar and Saudi Arabia totalling US$500 million, Vice President, Dr. Bharrat Jagdeo has assured that authorities still have a firm grip on its debt management reins. The official said...
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Woodside hires TechnipFMC for Australia tiebacks

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TechnipFMC has been awarded a significant contract by Woodside Energy to engineer, procure, construct, and install flexible pipes and umbilicals for the Julimar Phase 3 development, offshore Western Australia. The Company will tie back four subsea gas wells in the...
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SLB Guyana looking for firms to audit financial statements

OilNOW -
SLB, previously known as Schlumberger, has recently issued a Request for Information (RFI) as it embarks on the search for firms capable of providing auditing services for its affiliate in Guyana. The oilfield services company has outlined the specific...
Discoveries

TotalEnergies discovers oil and gas in OML 102 offshore Nigeria

OilNOW -
TotalEnergies announced the Ntokon oil and gas discovery on OML102 offshore Nigeria, on Tuesday, June 13. Located in shallow waters, 60 kilometres (km) off the southeast coast of Nigeria, the Ntokon-1AX discovery well encountered 38 metres of net oil pay...
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Longtail project to mark beginning of Guyana’s new gas chapter – ExxonMobil’s Routledge

ExxonMobil Guyana President Alistair Routledge says the upcoming Longtail development will open a new chapter in Guyana’s energy journey,...

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