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Guyana regulator says no impact study needed for rope access training facility

OilNOW -
Guyana’s regulator, the Environmental Protection Agency (EPA) said on Friday that Qualco Guyana Inc. is not required to conduct an Environmental Impact Assessment (EIA) for its Rope Access Training and Workshop Facility located at Supply, East Bank Demerara. “The EPA...
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Guyana now offering land for 30,000 bpd oil refinery

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The Guyana government on Friday took another historic step toward the nation's energy independence as it issued a Request for Proposals (RFP) from interested parties for the design, financing, and construction of a 30,000 barrel per day (b/d) oil...
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34 more blocks added to massive UK bid round; total now at 983

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The North Sea Transition Authority (NSTA) which regulates and influences the oil, gas, and carbon storage industries of the United Kingdom said on Friday that it has added 34 more concessions to the 33rd bid round which opened on October...
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Oil money helping to ease impact of inflation, says government

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Following the passage of the Natural Resource Fund (NRF) legislation, the Guyana government has been able to authorise a US$607.6 million transfer to support the 2022 budget. The administration has said that the withdrawal would be used to invest heavily...
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More Guyana barrels will go to Europe, says Chief Economist

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With Europe scrambling for alternative energy sources in wake of the Russia-Ukraine war, Guyana’s light, sweet crude has assumed greater importance to the continent’s consumers. This was discussed by Scott B. MacDonald, Chief Economist for Smith’s Research & Gradings, and...
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Exxon’s 4th Guyana FPSO: Construction of topsides commences in Singapore

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SBM Offshore said construction of the topsides modules for the ‘ONE GUYANA’ floating production, storage, and offloading (FPSO) vessel and the accompanying marine structures has commenced in Singapore. Two steel strike ceremonies were held in both Keppel FELS and Dynamac...
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Guyana exports could replace 4% of all Russian gas that went to Europe in 2021 – Analyst

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Guyana could emerge as a major LNG exporter in coming years as massive hydrocarbon discoveries continue to mount off the country’s coast and output from neighbours such as Trinidad and Tobago continue to decline. In his most recent OilNOW column...
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Will OPEC’s biggest production cut since 2020 fuel a global recession?

Shikema Dey -
OPEC+ announced the biggest cut to its target production level since 2020 last week – some two million barrels per day (bpd). And the International Energy Agency (IEA) believes that the decision increases energy security risks worldwide and could lead...
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More investors flocking to Guyana since local content law enacted – Economist

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The provisions outlined in Guyana’s Local Content Act – a critical piece of legislation for the country’s booming oil sector took centre stage during Episode V of the Guyana Business Journal’s Transforming Guyana webinar on Wednesday. Since the law’s December 2021...
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Solar farm confirmed for another Guyana town

OilNOW -
Over 2,884 residents will benefit from a new 686 kilowatt-peak (kWp) turn-key solar farm in the Mahdia community, in Guyana, when it is commissioned around the end of 2023. Following an open tender process, the contract for the Mahdia solar PV project was awarded to Standby Power Engineering Company...
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Kumu’s new small-scale hydropower plant now operational

Guyana commissioned a new 1.5 megawatt (MW) hydropower station in the southeastern community of Kumu on Friday, part of...

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