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Guyana said it had fired energy consultant for corrupt practice under World Bank-funded project

OilNOW -
The World Bank recently announced that it debarred, with conditional release, an individual consultant for being engaged in a corrupt practice under the Petroleum Governance Management Project, a US$20 million initiative it funds to help prepare Guyana for oil. Subsequently,...
News

Equinor seeks Norway’s approval for US$1.48 billion Irpa gas project to supply Europe

OilNOW -
Norwegian oil major, Equinor, said it submitted a plan for development and operation (PDO) of the Irpa gas discovery, formerly known as Asterix, to Norway’s Minister for Petroleum and Energy, Terje Aasland. Proven in 2009, the deepwater gas discovery called...
News

COP 27: New climate fund to be established for vulnerable states

OilNOW -
The 27th Conference of Parties, better known as COP27, ended in Sharm el-Sheikh, Egypt over the weekend with a matter of critical importance to Guyana being decided upon – a climate fund for countries grappling with climate-related disasters. A breakthrough agreement on “loss and...
News

Exxon, Cherie Blair sponsored programme delivers training to 96 more Guyanese women

OilNOW -
The Road to Growth and Road to Finance programmes sponsored by the ExxonMobil Foundation in partnership with the Cherie Blair Foundation for Women through ActionINVEST Caribbean Inc., has churned out 96 new female graduates. The women are now equipped...
News

Fourth edition of Who’s Who in Guyana Business Directory launched

OilNOW -
ActionINVEST Caribbean Inc., has launched the fourth edition of its Who’s Who in Guyana Business Directory - 2023 Edition. Dr. Vishnu Doerga, Chairman of ActionINVEST Caribbean Inc., told OilNOW on Tuesday that the investment guide focuses on 14 key sectors...
News

Exxon RFI out for pipeline dewatering, related services for Gas-to-Energy project

OilNOW -
ExxonMobil Guyana plans to put in place an agreement for the dewatering of an offshore pipeline and the drying and nitrogen packing of an onshore/offshore pipeline system near Georgetown and offshore Guyana. As such, the company is on the hunt...
News

Only hope for resolution of Guyana/Venezuela border controversy lies with World Court – Greenidge

OilNOW -
Hearings concluded at the International Court of Justice (ICJ) on Tuesday, on Venezuela’s preliminary objections to the case concerning the Arbitral Award of 3 October 1899 (Guyana v. Venezuela) filed by Guyana. Making closing remarks at the seat of the Court in the Netherlands,...
News

Local companies urged to join forces or risk losing out on opportunities in oil sector

OilNOW -
Guyana’s Natural Resources Minister, Vickram Bharrat recently appealed to members of the business community to cease being a vessel for the “crab-in-a-barrel” mentality. This phrase describes a group of like-situated people who hurt each other in attempting to get...
News

QatarEnergy signs 27-year LNG supply deal with China’s Sinopec

OilNOW -
QatarEnergy said it entered into a 27-year Sale and Purchase Agreement (SPA) with China Petroleum & Chemical Corporation (Sinopec) for the supply of 4 million tons per annum (MTPA) of liquefied natural gas (LNG) LNG to the People's Republic of China. Under the terms...
Exploration

Exploration results show emergence of deeper plays in Guyana-Suriname basin – Westmount Energy

OilNOW -
Exploration drilling results for the Guyana-Suriname basin support the presence of extensive and deeper plays. This much is evident to Westmount Energy, a UK-based investment firm with exposure in several blocks in the basin. Westmount said one only ought to...
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