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UK gets stronger foothold in fastest growing economy, with new business chamber  

OilNOW -
Chief Executive Officer of Guysons Group, Faizal Khan, has announced the creation of a British Chamber of Commerce Guyana (BritCham) to promote commercial business between the United Kingdom and Guyana, its largest trading partner in the Caribbean. BritCham plans to...
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Sheriff Security, the prototype for oil and gas security in Guyana

OilNOW -
Sheriff Security is a household name when it comes to safety in Guyana; and is among scores of companies with booths on display at the International Energy Expo 2023, at the Marriott Hotel, Georgetown, Guyana. The company decided to venture...
News

SBM Offshore announces new brand positioning

OilNOW -
SBM Offshore on Thursday announced its new brand positioning – TRUE. BLUE. TRANSITION. Powered by the ocean, the company said via its LinkedIn page that this move reflects its commitment to being part of the solution, striving towards better energy...
Exploration

Frontera to pump one-third of 2023 CAPEX on Guyana projects – CEO

OilNOW -
One-third of Frontera Energy’s 2023 capital expenditure budget will be spent on its operations in Guyana, said Chief Executive Officer (CEO) Orlando Cabreles. Frontera’s CAPEX spend this year, Cabreles said, should fall between US$385 million and US$440 million. “.. and one-third...
News

Guyana’s largest shore base facility hits 1,000 days LTI free

OilNOW -
Deputy General Manager of the Guyana Shore Base, Rabin Chandarpaul was happy to report that the facility touched another safety milestone, hitting 1,000 days without any lost time incidents. Lost time incidents are accidents that occur when a worker sustains...
News

Much of Guyana’s 17 trillion cubic feet of gas at southeastern part of Stabroek Block

OilNOW -
Guyana’s hydrocarbon discoveries with considerable portions of natural gas are in the southeastern part of the Stabroek Block near the border with Suriname, according to a Ministry of Natural Resources map published in its 2023 Energy Brief. Guyana’s Finance Minister,...
News

Subsea7 teams up with DeepOcean for field developments offshore Norway

OilNOW -
Subsea7 said two contracts have been awarded to a joint venture it has entered into with DeepOcean for the Irpa and Verdande field developments, located in the Norwegian Sea. The fields are operated by Equinor. The Irpa field development project, located...
News

CGX’s Wei-1 exploration drilling “going extremely well” – Dr. Narine    

OilNOW -
Executive Co-Chair of CGX Energy’s Board of Directors, Professor Suresh Narine said the exploration drilling of the Wei-1 well is “going extremely well”. He said the team, being led by Director of Drilling Kevin Lacey, is currently focused on the...
News

Gov’t to pay Exxon US$55M each year to recover cost for gas pipeline

Shikema Dey -
Guyana is set to pay ExxonMobil Guyana US$55 million each year in recovery costs for the massive gas pipeline being built by the oil giant for its landmark gas-to-energy project. This update was provided by Winston Brassington, Head of Guyana’s...
News

Exxon working to more than triple Guyana oil production by 2027

OilNOW -
By 2027, Guyana oil production is expected to hit 1.2 million barrels per day (bpd), making it the second largest producer in South America, after Brazil, based on current output across the region. Liam Mallon, ExxonMobil’s Upstream President confirmed the...
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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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