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Revving up for change: How Guyana and oil companies navigate a complex relationship in the new era

Kemol King -
The relationship between the Guyana government and the Stabroek Block co-venturers is yielding projects that will make Guyana the world’s largest per capita producer of oil. The arrangement is extremely rewarding for all parties. But Vice President Dr. Bharrat...
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EITI coordinator was absent for four months leading up to Guyana’s suspension – Stakeholders

OilNOW -
Civil society representatives from Guyana’s Extractive Industries Transparency Initiative (EITI) multi-stakeholder group have stated that an absent coordinator has stymied their work. This comes after the government said there may have been deliberate attempts by members of the MSG...
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Guyana about to sign oil & gas MoU with India government

OilNOW -
Guyana’s Vice President Dr. Bharrat Jagdeo is preparing to sign a memorandum of understanding (MoU) with the government of India. According to Guyana’s Department of Public Information (DPI), the MoU is meant to foster cooperation in the oil and gas...
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bp progress concept for Greater Tortue Ahmeyim Phase 2

OilNOW -
bp and partners today confirmed the development concept for the second phase of the bp-operated Greater Tortue Ahmeyim (GTA) liquefied natural gas (LNG) project that they will take forward to the next stage of evaluation. The partnership – composed of...
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Dutch FPSO builder focusing efforts on Guyana, Brazil markets

OilNOW -
Guyana and Brazil remain key to Dutch floater specialist, SBM Offshore. The company in its 2022 Annual Report outlined that it is taking a “disciplined and selective” approach to market opportunities, focusing on the main floating, production, storage and offloading...
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Guyana has almost no debt, generating Asian levels investment – AMI

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Americas Market Intelligence (AMI) has ranked Guyana #1 in its Latin America 2023 Outlook: The Good, The Bad and The Ugly. Guyana’s neighbours Venezuela and Trinidad and Tobago scored so low that they were categorised among The Ugly. Among the...
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UK, Norway drilling to rebound in 2023 – Westwood

OilNOW -
Last year was rocky for oil and gas development in the United Kingdom ((UK) and Norway because of the Russian war on Ukraine. But Westwood Global Energy Group anticipates an optimistic outlook for 2023. And already, Westwood says the UK...
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What drives Guyana’s energy policy? Not the crazies, says Jagdeo

Kemol King -
There are lots of prominent voices contributing to discourse about the development of Guyana’s petroleum sector, some often extreme. But Vice President Dr. Bharrat Jagdeo wants the industry to know that extremity does not drive Guyana’s energy policy. “Our country...
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Two-thirds of Guyana offshore development costs pumped into wells, subsea infrastructure – Routledge

OilNOW -
ExxonMobil’s projects in Guyana’s Stabroek Block carry hefty prices. Its fifth – Uaru – carries the highest thus far: US$12.683 billion, since it will be the biggest offshore development, rivalling neighbouring Brazil. These projects require massive floating, production, storage and offloading...
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SBM Offshore on track to meet FPSO delivery deadlines despite pandemic

OilNOW -
In an update on its new build activities, Dutch contractor SBM Offshore said it remains on track to deliver its floating production, storage and offloading (FPSO) vessels by agreed-upon deadlines. This is in spite of setbacks from the COVID-19 pandemic...
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Staatsolie approves commercial field for Sloanea-1 gas discovery in Suriname’s Block 52

Staatsolie Maatschappij Suriname N.V. has approved the Commercial Field for the Sloanea-1 gas discovery in Block 52 offshore Suriname....

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