News

News

Update: Noble Discoverer expected at Corentyne Block in 6 days

OilNOW -
The Noble Discoverer is expected to arrive at the Corentyne Block offshore Guyana on Wednesday, January 18, according to vessel tracker, MarineTraffic. The vessel departed Trinidad and Tobago on Wednesday, January 11. The vessel will be used to drill CGX Energy’s...
News

With booming economy, Guyana working to strategically integrate more women into workforce

OilNOW -
Guyanese authorities say they are working to empower more women with the skills needed to tap into the growing opportunities in the nation’s booming economy. Since 2015, a series of major oil discoveries and start of production have propelled...
News

Guyana could export gas from the upcoming Uaru project, but there’s a catch

OilNOW -
Guyana’s largest planned oil development operation to date, the Uaru project, could export gas in addition to oil, if the partners decide to go that route. The new floating production, storage, and offloading (FPSO) vessel to be used for...
News

Exxon seeking firm to analyse Guyana crude oil sales data

OilNOW -
ExxonMobil Guyana is looking to hire a firm to provide data analysis services for crude oil sales. A public Request For Information (RFI) said that Esso Exploration and Production Guyana Limited (EEPGL) is looking to identify suppliers who can collate...
News

Touchstone Exploration in deal for exchange of onshore assets in T&T

OilNOW -
Touchstone Exploration’s Trinidadian subsidiary, Primera Oil and Gas Limited has entered a new Asset Exchange deal with Lease Operators Limited to see the exchange of onshore Trinidad assets. Touchstone will be transferring the Fyzabad, San Francique and Barrackpore blocks –...
News

Noble Discoverer heads to Guyana to drill CGX Wei-1 well in Corentyne Block

OilNOW -
CGX Energy is on track to spud the Wei-1 well by January 31 as the Noble Discoverer has completed its work with Shell offshore Trinidad and Tobago. According to reports, the rig has departed for Guyana waters. The Wei-1 well will...
News

Demerara channel now cleared for larger vessels as VEHSI project progresses

OilNOW -
Ships with a nine-metre draft can now traverse Guyana’s main channel – the Demerara River as NRG Holdings Inc. has completed the first phase of its Vreed-en-Hoop Shore Base project. After six months of work, NRG has managed to extend...
News

Guyana’s oil fund hits US$1.42 billion at close of 2022

Kemol King -
Guyana’s Central Bank said in a statutory report that the Natural Resource Fund (NRF) closed 2022 with US$1.42 billion (GY$297.38 billion). This revises an earlier statement from the Ministry of Finance that the Fund closed the year with US$1.27 billion....
News

Bidders show favourable interest in Trinidad’s onshore, nearshore round

OilNOW -
Bids were submitted for eight out of 11 of Trinidad and Tobago’s onshore and nearshore blocks, which were put up for auction in 2022. The Ministry of Energy and Energy Industries closed the auction on Monday, January 9 indicating that...
News

Hess’ maiden carbon payments set to plug US$150 million into Guyana’s 2023 budget

OilNOW -
The 2023 national budget to be presented by the Guyana government on Monday has just been given a boost of US$150 million by Stabroek Block co-venturer, Hess Corporation. Guyana has received its first payment for carbon credits under its agreement...
1...329330331...1,025Page 330 of 1,025

Latest News

NewsOilNOW -

Guyana must transform its oil boom into sustainable, broad-based prosperity – Minister Ally 

Guyana’s Minister of Public Service, Government Efficiency and Implementation, Zulfikar Ally, has called on business leaders to convert the...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

Quick Access

Company Info

Social Networks