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150 local suppliers participate in SBM Offshore compliance session in Guyana

OilNOW -
One hundred and fifty local suppliers in Guyana participated in a dual session on compliance held by SBM Offshore on Tuesday in Georgetown. The sessions, facilitated by the Centre for Local Business Development, are the most recent in a series...
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Audit finds key mechanisms for Guyana’s response to oil spills substantially in place

OilNOW -
Guyana’s Auditor General, Deodat Sharma, has found that the oil-producing country has adequate mechanisms in place to receive support from other countries should there be an unmitigated spill. Sharma made this commentary in a report following his performance audit of...
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Local Content Certificate is a powerful tool when being evaluated for contracts – Dr. Pertab

OilNOW -
Having a Local Content Certificate not only demonstrates to regulators that you are a legitimate Guyanese company or joint venture in the oil and gas supply chain, but it also puts you in an advantageous position during the evaluation...
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Hess completes sale of interest in Libya asset

OilNOW -
Global energy company, Hess Corporation, announced Wednesday that it has completed the sale of its 8.16% interest in the Waha Concession field in Libya. Hess said this was done in equal shares to TotalEnergies and ConocoPhillips. As a result of the...
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With gas project in tow, Guyana offers UK energy security

Shikema Dey -
With Russia choking its natural gas supply to dependent European countries, there is now a worldwide scramble to source power as a cold storm approaches fast. Some countries have returned to coal-fired power. Others have turned to unlikely sources to fill the...
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Guyana, UK bolster trade relations with partnership agreement

OilNOW -
Birthed from a recent meeting between Guyana President, Dr. Mohamed Irfaan Ali and former United Kingdom (UK) Prime Minister, Boris Johnson, the two English-speaking nations inked a partnership agreement, meant to bolster trade and investment relations, on Wednesday. Guyana's Minister...
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Guyana gov’t names power team for world court hearings on Venezuela border case

OilNOW -
Guyana’s Ministry of Foreign Affairs and International Cooperation named a 16-person team for upcoming hearings in the border case with Venezuela, to be held at the seat of the International Court of Justice (ICJ) headquarters, at the Peace Palace...
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Guyana oil production hits highest recorded output in September

OilNOW -
Guyana’s oil production hit a massive 391.98 thousand barrels of oil per day on September 23 this year, making it the highest output ever recorded since production began in 2019 at the ExxonMobil-operated Stabroek Block. This has been made possible...
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Using gas offshore Guyana “makes much more sense” than importing LNG for domestic use – TT Chamber Head

OilNOW -
It would be highly impractical for Guyana to expend billions importing liquefied natural gas (LNG) for its domestic use, as opposed to tapping into its massive offshore gas reserves in the Stabroek Block. Holding this position was the head of...
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Bp cops first LNG cargo from Coral Sul FLNG offshore Mozambique

OilNOW -
The first shipment of liquefied natural gas (LNG) from Mozambique’s massive offshore Coral Sul FLNG facility has been lifted by bp. Under a long-term contract, bp will purchase 100% of LNG output from Coral Sul FLNG, boasting a production capacity of...
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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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