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Exploration

Orinduik partners to target exploration well early 2023 – Eco Atlantic

OilNOW -
The partners in the Orinduik Block offshore Guyana are targeting an exploration well in early 2023, according to a report from 15% stakeholder, Eco Atlantic Oil & Gas. This well is expected to be drilled in the second renewal period...
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Brazil elections: Lula in four-point lead against Bolsonaro ahead of run-off vote

OilNOW -
As Brazil gears for the October 30 runoff vote, leftist Luiz Inácio Lula da Silva currently holds a four-point lead against his opponent, incumbent President Jair Bolsonaro, recent polls show. Lula’s PT party held 49% of voting intentions, while Bolsonaro...
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Guyana among strategic global assets that helped CNOOC achieve “better-than-expected” half-year results

OilNOW -
Though the international market was hard hit by unforeseen challenges in recent months, CNOOC Limited said it was still able to achieve “better-than-expected” results at half year. It credited this performance to management’s strategic investments in key assets based...
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Exxon produced 10.989 million barrels of oil offshore Guyana in September

Kemol King -
ExxonMobil’s Guyana projects, Liza Phases 1 and 2, produced 10.989 million barrels of crude for the month of September 2022. This averaged approximately 366,310 barrels of crude per day (bpd). In comparison, the total August production was 11.309 million barrels...
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Guyana investing millions in maritime space, processing several applications for port facilities

OilNOW -
The Guyana government has worked to transform the maritime sector to ensure it is prepared to operate in a modern economy. To this end, Public Works Minister, Bishop Juan Edghill, said multi-million-dollar investments have been made to monitor the...
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Excel Guyana expands with Marine and Offshore Services Division

OilNOW -
Local oil and gas consulting company – Excel Guyana – has expanded its portfolio with a new Marine and Offshore Services Division to be headed by Steve Sinanan, considered a veteran in the industry. This new addition, according to Excel’s...
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Exxon awards multi-million-dollar contract to DOF Subsea for work in Stabroek Block

OilNOW -
DOF Subsea has been awarded a NOK$2.7 billion (US$256.1 million) contract by ExxonMobil to execute works in Guyana’s offshore Stabroek Block where 11 billion barrels of oil-equivalent have already been discovered. DOF Subsea said the contract will last three years...
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Guyana to add 757 kW of solar energy in hinterland areas by year end

OilNOW -
By the end of this year, the Guyana Energy Agency (GEA) is expected to complete installations, adding up to 757 kilowatts (kW) of solar capacity in hinterland communities. The project forms part of the government’s aggressive push to expand renewable...
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US$5.4 billion mega port for Suriname; to feature LNG facility, shorebase and economic zone

OilNOW -
Phoenix Development Company and Suriname’s Port Management Company, N.V. Havenbeheer, have teamed up to build a mega Deep-Water Port and Special Economic Zone – Port of Nickerie – in Suriname, with projected investment of approximately US$5.4 billion. With several oil...
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Government halts Ramps’ local content application pending outcome of criminal charges

OilNOW -
Head of the Local Content Secretariat, Martin Pertab, by way of an affidavit filed in court, revealed that the review of an application by Ramps Logistics Guyana for a Local Content Certificate has been halted. Pertab said this decision is...
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Guyana Electric boosts grid reliability with specialized high-voltage training

Guyana Electric has launched specialized training courses in medium and high-voltage cable terminations and joints, aimed at improving installation...

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