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Shell improves net-zero bonafides as it looks to re-enter Guyana basin

OilNOW -
Shell Global has made great strides in its energy transition strategy; a major plus as the company mulls re-entry into Guyana, the world’s newest oil producer and a known carbon sink.  In its 2022 report, Shell said it managed to...
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Exxon mulling dumping stakes in Italy’s main regasification terminal

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Keeping to its strategy to divest from non-core assets, ExxonMobil is mulling selling off its majority stake in Italy’s main regasification terminal - Rovigo LNG.  Also called Adriatic LNG, the terminal is owned by ExxonMobil Italiana Gas S.r.l. which holds...
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Georgetown Chamber calls on banks again to tackle access to finance woes

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The Georgetown Chamber of Commerce and Industry (GCCI) said banks have to take a more proactive approach in sharing possible hindrances restricting better access to finance for the Guyanese private sector, whether they be legislative, economic, social or environmental.   GCCI...
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Guyana is already where the world is hoping to get by 2050 – Jagdeo

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With 85% of its territory covered in dense forests that remove about 154 million tons of CO2e every year, Guyana is automatically catapulted to where most of the world hopes to be by 2050, says Vice President, Dr. Bharrat...
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Gas project a main pillar in Exxon’s commitment to providing sustainable development in Guyana – Liam Mallon

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One of ExxonMobil’s key commitments to Guyana, according to President of Upstream Oil and Gas, Liam Mallon, is ensuring that it develops its business in a manner that provides sustainable benefits to all stakeholders.  A main pillar of that is...
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New Guyana oil contracts looking to set stricter path to final investment decisions

Kemol King -
With Guyana’s draft model petroleum agreements now in the public domain, it is clear that the government is seeking to encourage international oil companies (IOCs) to commit to development of commercial discoveries in a timely manner. The contract effectively...
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Brazil’s first-ever remote subsea inspection survey completed

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Dutch geo-data specialist Fugro and Brazil state-owned Petrobras have completed what they said is the first-ever remote subsea inspection survey off the coast of the South American country. Fugro said the technology trial was carried out in collaboration with Petrobras...
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TT to see gas in two years if negotiations go well with Venezuela – Young

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Trinidad and Tobago (TT) expects gas to start flowing from the Dragon field project in two years, once all goes well in negotiations with Venezuela, its Energy Minister, Stuart Young has said.  Young, according to Reuters, is due back in...
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Major increase in traffic expected at main Guyana harbour with Exxon’s planned 35-well campaign – CIA

OilNOW -
Vessel calls at the Georgetown harbour are set to increase exponentially with ExxonMobil Guyana’s planned 35-well drill campaign in the offshore Stabroek Block.  According to the Cumulative Environmental Assessment (CIA) it submitted to the Environmental Protection Agency (EPA),...
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All 14 Guyana oil blocks attract interest as model PSAs released

OilNOW -
All 14 blocks on auction in Guyana’s ongoing licensing round have received expressions of interest, the government said in a statement Tuesday. Guyana’s Ministry of Natural Resources has published new model contracts to govern the three deepwater and 11...
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Moonilal appoints new boards for Trinidad’s state energy companies

Trinidad and Tobago's Energy Minister Roodal Moonilal on Monday issued letters of appointment to the new boards of directors...

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