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News

Decline in fish catch started in 2013 due to depletion/migration of stock – Report

OilNOW -
A recent report for one of ExxonMobil’s proposed well-campaigns for the Stabroek Block has placed the spotlight on the key reason behind the nation’s dwindling fish stock. Though there are concerns that the oil industry is a contributing factor,...
News

Consultations for Guyana’s new model PSA, modernised petroleum law imminent  – VP

OilNOW -
Guyana intends to open public consultations to afford oil companies a chance to review and make inputs in the new model Production Sharing Agreement (PSA) it is currently drafting.  Vice President, Dr. Bharrat Jagdeo made the disclosure during his presentation...
News

CARICOM should seek energy security within itself instead of PetroCaribe – Climate Adviser

Kemol King -
When it comes to the question of energy security with the Caribbean Community (CARICOM), Former Science Adviser with the Caribbean Climate Change Centre, Dr. Ulric Trotz, believes it would be better to pursue a ‘PetroCARICOM’ agreement rather than a...
News

Guyana already targeting second bid round as multiple drilling options remain in play

OilNOW -
As its maiden licensing round gets underway, Guyana’s Vice President, Dr. Bharrat Jagdeo said the country could launch another as soon as next year to keep the momentum of its oil and gas development.  Dr. Jagdeo told Bloomberg on March...
News

FEED completed for Chariot’s flagship gas development offshore Morocco

OilNOW -
Chariot Limited said it has completed front end engineering and design (FEED) of the key components of its flagship Anchois gas development offshore Morocco, after initiation in June 2022.  In conjunction with the subsurface development studies, this FEED work confirms...
Exploration

Regulator says CGX resuming drilling at Wei-1 

OilNOW -
Guyana’s Maritime Administration Department (MARAD) issued a notice to mariners, which pegged March 6 as the resumption date for drilling operations at Wei-1 by CGX Energy.  After successfully drilling the first prospective geologic horizons in the Upper Maastrichtian, CGX put...
News

Publicising Exxon’s cost recovery statements not in keeping with norm – Guyana VP

OilNOW -
Though respectful of the public’s right to know how much oil companies are spending and recovering to cover their investments, there are some categories of information that just cannot be disclosed due to their proprietary nature, says Vice President...
Discoveries

Qatar, Shell hit pay for third time at Namibia’s hottest offshore prospect

OilNOW -
QatarEnergy announced a light oil discovery in the Jonker-1X deep-water exploration well drilled in the PEL-39 Exploration License, offshore Namibia. This is the third discovery made at the prospect. It said the Jonker-1X well was drilled to a total depth of...
News

India experts to help boost Guyana oil spill capabilities

OilNOW -
Guyana’s Vice President Dr. Bharrat Jagdeo said a team of experts from India will be in the South American country in the coming months to strengthen the oil spill capabilities of the Environmental Protection Agency (EPA).  He said this would...
Exploration

Exxon’s massive 35-well campaign set to ramp up Guyana reserves

Shikema Dey -
ExxonMobil has submitted an extensive Cumulative Impact Assessment (CIA) to cover its planned 35-well drill campaign in the 6.6 million acres Stabroek Block. The document outlines that Exxon’s proposed campaign aims to discover new and re-evaluate existing recoverable hydrocarbons from...
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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...

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