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Six schools feature in SBM Offshore’s first Guyana-Monaco Mousetrap Car Grand Prix

OilNOW -
Six schools from Guyana recently participated in the first-ever Guyana-Monaco Mousetrap Car Grand Prix, an exciting competition aimed at promoting science and engineering among students, hosted by SBM Offshore Guyana. The event, which was held on April 11 at...
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2023 oil price forecast hiked to $85/b by US Energy Body as OPEC cut remains in play 

Shikema Dey -
Oil prices shot up to US$83 per barrel as the United States (US) Energy Information Administration (EIA) revised its forecast for this year and the next.  In its Short Term Energy Outlook, the EIA expects Brent to average at US$85.01...
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Qatar to extend North Field East LNG with Sinopec as partner

OilNOW -
QatarEnergy, the state-owned oil and gas company of Qatar, has signed a definitive partnership agreement with China Petrochemical Corporation (Sinopec) for the North Field East (NFE) expansion project. The NFE project is the largest project in the history of...
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Ministry still accepting comments on Guyana’s model contracts – Jagdeo 

OilNOW -
The Ministry of Natural Resources of Guyana continues to accept comments on the draft model Production Sharing Agreements (PSA), which will apply to the ongoing bid round. Despite the deadline for comments having passed, Vice President Dr. Bharrat Jagdeo...
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World Court gives Venezuela one year to file counter Memorial in Guyana border case

OilNOW -
The International Court of Justice has given Venezuela one more year to file a counter Memorial in the ongoing border case with Guyana - April 8, 2024. The case centers on the legal validity and binding effect of the...
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Guyana to issue permit for Exxon’s Uaru project in 2-3 weeks – VP

OilNOW -
Guyana's Vice President Dr. Bharrat Jagdeo said the review of Exxon’s proposed Uaru project has been “practically” completed, and that final approval is expected in a maximum of 2-3 weeks.  Presently, the Ministry of Natural Resources is conducting its final...
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Liza field development lifetime to be extended to accommodate gas project  – VP

OilNOW -
The lifetime of Guyana’s first Stabroek Block development - Liza Phase 1 is set to be extended to accommodate the Gas-to-Energy (GTE) project, Vice President, Dr. Bharrat Jagdeo said.  The Liza permit is currently under review.  The GTE is set to...
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Oil production kicks off at bp’s Argos platform in the Gulf 

OilNOW -
Argos, bp’s fifth platform in the deepwater Gulf of Mexico (GoM) achieved startup, the company announced Thursday, to deliver more energy and strengthen its position as a leading producer there. It is the first new bp-operated production facility in the...
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Revision of new oil laws behind Guyana bid round extension – Vice President Jagdeo 

OilNOW -
Guyana extended its bid round beyond the original May deadline, because government needed more time to consult on a revision of its oil laws.  Vice President Dr. Bharrat Jagdeo revealed this Thursday during a media conference, a day after the...
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Guyana’s updated model oil contracts for release this month 

OilNOW -
A two-week period of consultation was recently concluded on the indicative terms and guidelines of Guyana’s first ever offshore licensing round, and the draft model petroleum agreements. The government plans to release the updated models this month.  The deadline for...
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Europe took all of Guyana’s Golden Arrowhead oil cargoes lifted in September

Europe received all four cargoes of Golden Arrowhead crude oil lifted from ExxonMobil’s Yellowtail project in September, according to...

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