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Trinidad to negotiate with Shell, BP on bids for deepwater blocks

OilNOW -
The Ministry of Energy and Energy Industries of Trinidad and Tobago said it plans to engage in discussions and negotiations with bpTT and Shell Trinidad and Tobago with respect to their bids for four deepwater blocks. The Ministry said it...
News

Guyana goes after unnecessary red tape with contract for new trade single window

OilNOW -
Guyana’s Central Housing and Planning Authority (CH&PA) has issued a GY$202.9 million (approx. US$973,000) contract to Global Services Inc. for the establishment of a new trade single window.  The electronic platform will enable CH&PA to act as the sole point...
News

Competitive fiscal terms pushing pace of development in Guyana ‘super basin’- S&P Global

Shikema Dey -
Guyana’s attractive and competitive fiscal terms have been pushing its unrivaled pace of deep-water development in the Stabroek Block. This has seen the country move from a non-oil producer just seven years ago, to what is now projected to...
News

Exxon looking to process 3D seismic data ahead of Stabroek Block multi-well campaign

OilNOW -
ExxonMobil Guyana is looking to hire a firm to provide marine 3D seismic data processing services within the South American nation’s offshore Stabroek Block. A public Request For Information (RFI) said that Esso Exploration and Production Guyana Limited (EEPGL) plans...
News

Exxon sells off Chad, Cameroon assets to Savannah Energy

OilNOW -
ExxonMobil sold its assets in Cameroon and Chad to British energy company, Savannah Energy. Savannah’s acquisition includes ExxonMobil’s entire upstream and midstream asset portfolio in Chad and Cameroon, including operatorship of the upstream assets through the acquisition of Esso Exploration and...
Exploration

More than two dozen high impact wells planned for Guyana, other hotspots for 2023

OilNOW -
S&P Global says there will be almost 30 high impact wells (HIW) being drilled across Latin America, Africa, and the Asia Pacific regions in 2023. It said there will be fewer wells planned in Europe, frontier North America, and the...
News

Engineering, risk management professionals will be in high demand for Guyana’s oil sector in five years – ILO Report

OilNOW -
Considering Guyana’s accelerated pace of production in the Stabroek Block, the International Labour Organisation (ILO) has found that there will be a high demand for engineering and risk management professionals over the next five years. This was noted in the...
News

Guyana’s pronounced skills gap could slow down oil sector growth – ILO Report

OilNOW -
While the accelerated expansion of the oil and gas operations in the Stabroek Block has earned Guyana the title of being the fastest-growing economy in the world, weaknesses in its labour force could have harmful effects on its development...
News

Barbados offshore licensing round delayed again

OilNOW -
The Ministry of Energy and Business of Barbados said the 2022 Offshore Licensing round has been postponed to the first quarter of 2023. Before, it was scheduled to launch on December 1. “Based on the fact that several companies have...
News

Nigeria launches new bid round to spur investment in deepwater exploration, drilling

OilNOW -
Nigeria’s Upstream Petroleum Regulatory Commission (NUPRC) launched the Mini Bid Round 2022 to spur new exploration and drilling activities in the West African country’s prospective deepwater blocks. Seven offshore blocks, covering an area of approximately 6,700 square kilometres (km2) in...
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Latest News

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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