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QatarEnergy farms into two Exxon-operated licenses in Canada

OilNOW -
QatarEnergy has announced its entry into a farm-in agreement with ExxonMobil Canada for two exploration licenses offshore the province of Newfoundland and Labrador in Canada. Pursuant to the agreement, QatarEnergy holds a 28% working interest in license EL 1167, where...
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Ministry, CNOOC team up to fund petroleum studies for Guyanese in China

OilNOW -
Guyana’s Ministry of Natural Resources and CNOOC Petroleum Guyana Limited is offering a limited number of scholarships in China at the Bachelor’s Degree level for the next academic year (2023/2024).  The scholars, to receive instruction in geoscience and petroleum engineering,...
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Cataleya Energy sees huge success in training program for business managers in Guyana

OilNOW -
Kaieteur Block partner, Cataleya Energy, has brought the curtains down on a six-month business management training program, with a graduation ceremony for 18 in Guyana's capital, Georgetown.  Cataleya’s co-founder and Director, Ryan Perreira, said the company has decided to reprise...
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Role, capacity of environmental regulator critical to Guyana’s success with oil

OilNOW -
Guyana’s Environmental Protection Agency (EPA) is a vital pillar in the country’s balancing act of being an oil producer, while also adhering to strict global climate goals.  And because of this, its institutional capacity must be strengthened to monitor and...
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Development drilling continues at Exxon’s Yellowtail

OilNOW -
Development drilling is progressing at the Yellowtail well site in the Stabroek Block offshore Guyana, according to a notice from the country’s Maritime Administration (MARAD).  A March 28 notice said that “Esso Exploration & Production Guyana Ltd (EEPGL) will continue...
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China and South America’s top oil producing nation ditch trading in US dollars 

Shikema Dey -
No more trading in Benjamins.  Brazil and China sparked a global conversation with its move to ditch trade in US currency.  The deal, announced on March 29, will see China considered the top rival to US economic hegemony and South America’s...
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Flaring down to 139 billion cubic metres in 2022 – World Bank Report

OilNOW -
Gloabl flaring has shrunk by three percent to 139 billion cubic metres (bcm) in 2022, according to recent data from the World Bank Global Gas Flaring Tracker Report.  In 2021, the number stood at 144 bcm.  Gas flaring, the burning of...
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More locals than ever before commence work on ONE GUYANA FPSO fixtures

Kemol King -
More locals than ever before have been engaged to build fixtures for Guyana’s newest floating production, storage and offloading (FPSO) vessel, ONE GUYANA. A steel strike ceremony was held at Industrial Steel Fabricators (InFab) Good Hope facility, on the...
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Driller that made world-class Guyana discovery lands strategic partnership with Norwegian oil giant  

OilNOW -
Norway’s state energy company, Equinor, said it has awarded contracts for the use of the Transocean Encourage to be used mainly in the Norwegian Sea, and the Transocean Enabler for the Johan Castberg field. The planned drilling spans multiple...
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MODEC seeking Guyanese firms to provide steel, fabrication services 

OilNOW -
Builder of Guyana’s fifth production vessel - Mitsui Ocean Development & Engineering Company Inc. (MODEC) - is seeking Guyanese firms that can provide steel and steel fabrication services.  MODEC in a public Expression of Interest (EOI) said it is looking...
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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.

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