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Exxon seeking suppliers for vehicles, telecommunication services in Guyana’s capital  

OilNOW -
Stabroek Block operator, Esso Exploration and Production Guyana Limited (EEPGL) is on the hunt for vehicle and telecommunications suppliers in the Georgetown area.  In public requests for information (RFIs), EEPGL said it plans to put in place agreements for the...
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Guyana’s new model agreements set the framework for its natural gas story

Kemol King -
Guyana’s hydrocarbon story has been dominated by oil so far, but its new model petroleum agreements have established a framework that will compel the utilisation and commercialisation of its natural gas resource. Once contractors discover natural gas fields or excess...
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Guyana’s offshore auction seeks US$85M in investments for social projects

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Guyana’s new petroleum agreements seek up to US$85 million in investments into environmental and social projects.  For each of the 14 contracts on offer, the new agreements seek US$1 million in investments into a Fund every year. 11 shallow water contracts...
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Shell improves net-zero bonafides as it looks to re-enter Guyana basin

OilNOW -
Shell Global has made great strides in its energy transition strategy; a major plus as the company mulls re-entry into Guyana, the world’s newest oil producer and a known carbon sink.  In its 2022 report, Shell said it managed to...
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Exxon mulling dumping stakes in Italy’s main regasification terminal

OilNOW -
Keeping to its strategy to divest from non-core assets, ExxonMobil is mulling selling off its majority stake in Italy’s main regasification terminal - Rovigo LNG.  Also called Adriatic LNG, the terminal is owned by ExxonMobil Italiana Gas S.r.l. which holds...
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Georgetown Chamber calls on banks again to tackle access to finance woes

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The Georgetown Chamber of Commerce and Industry (GCCI) said banks have to take a more proactive approach in sharing possible hindrances restricting better access to finance for the Guyanese private sector, whether they be legislative, economic, social or environmental.   GCCI...
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Guyana is already where the world is hoping to get by 2050 – Jagdeo

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With 85% of its territory covered in dense forests that remove about 154 million tons of CO2e every year, Guyana is automatically catapulted to where most of the world hopes to be by 2050, says Vice President, Dr. Bharrat...
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Gas project a main pillar in Exxon’s commitment to providing sustainable development in Guyana – Liam Mallon

OilNOW -
One of ExxonMobil’s key commitments to Guyana, according to President of Upstream Oil and Gas, Liam Mallon, is ensuring that it develops its business in a manner that provides sustainable benefits to all stakeholders.  A main pillar of that is...
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New Guyana oil contracts looking to set stricter path to final investment decisions

Kemol King -
With Guyana’s draft model petroleum agreements now in the public domain, it is clear that the government is seeking to encourage international oil companies (IOCs) to commit to development of commercial discoveries in a timely manner. The contract effectively...
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Brazil’s first-ever remote subsea inspection survey completed

OilNOW -
Dutch geo-data specialist Fugro and Brazil state-owned Petrobras have completed what they said is the first-ever remote subsea inspection survey off the coast of the South American country. Fugro said the technology trial was carried out in collaboration with Petrobras...
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QatarEnergy deepens presence in Suriname with stakes across six offshore blocks

QatarEnergy has expanded its exploration footprint in Suriname’s offshore basin to six blocks, following the signing of Production Sharing...

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