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Guyana is already where the world is hoping to get by 2050 – Jagdeo

OilNOW -
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

OilNOW -
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

OilNOW -
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

OilNOW -
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...
Exploration

Exxon’s drilling operations to peak in 2025 with seven major projects across Stabroek, Kaieteur, Canje blocks

OilNOW -
Once ExxonMobil Guyana receives approval from the Environmental Protection Agency (EPA) for its 35 multi-well programme in the Stabroek Block, drilling operations for the country could reach its peak in 2025. According to the Cumulative Impact Assessment (CIA) for the...
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Unlimited insurance coverage unheard of but parent companies can be held liable – Guyana EPA

OilNOW -
Guyana's Environmental Protection Agency (EPA) has reiterated its commitment to ensuring the country holds no liability in the unlikely event of an oil spill in the offshore Stabroek Block.  Current Permits are held by ExxonMobil Corp. subsidiary, Esso Exploration and...
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Guyana Shore Base stresses safety after woman enters West Bank construction site

OilNOW -
The Guyana Shore Base Inc. (GYSBI) is stressing the importance of safety after an incident that saw a woman entering an active construction site at Reynstein, West Bank Demerara.  The woman, Elizabeth Deane Hughes, wrote a letter to local...
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More Guyanese technicians graduate from FacTor training program 

SBM Offshore Guyana’s Trainee Technician program churned out another 24 Guyanese graduates, who are now one step closer to...

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.

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