News

Much has been said about the supposed shortage of US currency in Guyana’s market - both by the Georgetown Chamber of Commerce and Industry (GCCI) and the Central Bank in loaded statements. The issue was thought to be put...

Guyana's Private Sector Commission (PSC) has identified 25 additional categories that could be included in the country's Local Content Act, said President of the Georgetown Chamber of Commerce and Industry, Timothy Tucker. He told OilNOW in an exclusive interview...

The global offshore industry is firing on all cylinders with the floating, production, storage and offloading (FPSO) vessel market set for close to 50 awards this decade, according to Norway’s Rystad Energy.  Brazil and South America’s rising oil star, Guyana,...

Trinidad and Tobago’s Energy Minister Stuart Young remains confident that the current PDVSA scandal will in no way affect its ongoing negotiations with Venezuela on the Dragon gas deal.  Young was forced to comment after Venezuela’s Energy Minister, Tareck Al...

ExxonMobil Guyana affiliate, Esso Exploration and Production Guyana Limited (EEPGL), is seeking to conduct additional studies related to its petroleum operations offshore the South American country. The company is seeking to undertake multiple consultancies related to ‘Biodiversity Assessments and Environmental...

Petróleos Mexicanos (Pemex) submitted the Zama Unit Development Plan (UDP) to Mexico's National Commission of Hydrocarbons (CNH) for formal approval last Thursday. The project is expected to 180,000 barrels per day (b/d) to Mexico’s crude oil output.  An Integrated Project...

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...

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...

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...

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...