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Guyana among countries pushing non-OPEC oil supply this year

OilNOW -
The oil supply outlook for non-OPEC producers for 2023 has hiked to 66.9 million barrels of oil per day (b/d) with Guyana, Brazil, the United States, Norway and Canada leading the pack.  Its estimate for global oil demand in...
News

Major local content summit confirmed for April in Guyana

OilNOW -
MBW Energy Support Services Inc. (MBWESSI) announced over the weekend Guyana’s first Local Content Summit, to be held on April 4, 2023, hosted in partnership with the Local Content Secretariat through the Ministry of Natural Resources. Held under the...
News

Exxon’s Uaru project to be among key early 2023 offshore sanctions, says Westwood Energy

OilNOW -
Westwood Global Energy Group said the key projects anticipated to be sanctioned in the first half of 2023 include Eni’s Baleine Phase II development (Ivory Coast), Petrobras’ Sergipe-Alagoas (Brazil), ExxonMobil’s Uaru (Guyana), Mellitah’s Structure A & E (Libya) and...
Exploration

Eco (Atlantic) & partners seek approval to drill up to five wells offshore South Africa

OilNOW -
Eco (Atlantic) Oil & Gas Ltd. said that it, along with its partners, on South Africa’s Block 3B/4B are applying for environmental authorisation to undertake exploration activities. The block lies in water depths averaging approximately 1,000 metres, in the...
News

Tullow Oil farming down interest offshore Guyana

OilNOW -
Tullow Oil said it is proceeding with plans to farm down interest in assets, including those offshore the new oil producing South American country of Guyana.  The Africa-focused explorer said in an annual report that it had to pursue the...
News

Guyana licensing round could bring renewed focus on junior oil players – Westmount Energy

OilNOW -
The excitement surrounding Guyana’s 2022 auction has caught up to investment firm Westmount Energy Limited and all eyes are on South America’s rising oil star.  “...the launch of the 2022 Guyana Licensing Round, under less benign fiscal terms, may bring...
News

Forcing existing energy system out of use will send economies backwards – Chevron CEO

Shikema Dey -
Without a doubt, the world needs to lower carbon emissions to prepare for a cleaner, greener future. But asking the global oil industry to essentially stop pumping will set economies back by years.  Chairman and Chief Executive Officer (CEO) of...
News

Massive ‘ONE GUYANA’ vessel enters dry dock

OilNOW -
ExxonMobil’s fourth floating production, storage and offloading (FPSO) vessel - ONE GUYANA - has entered drydock at the Keppel Shipyard in Singapore, SBM Offshore announced on March 24.  “This marks a key milestone in the project, this phase will include...
News

G-Boat fleet balloons to 22 with addition of new Guyanese named vessels

Shikema Dey -
The MADAM KALINA and A’RINRA are the newest editions to Edison Chouest Offshore’s (G-Boat) local fleet. Now, the company has a total of 22 vessels operating in Guyana’s offshore Stabroek Block.  The total Guyanese staff complement has ballooned to over...
News

Exxon-supported 2022 CPL games deemed biggest ever, delivered major economic benefits to Guyana

OilNOW -
For six consecutive years, Stabroek Block operator ExxonMobil has been supporting the Caribbean Premier League (CPL) - the biggest party in sport - which has seen Guyana raking in big bucks just last year alone.  Exxon was also the exclusive...
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Latest News

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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