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Guyana officially appoints historic board, committees to manage oil windfall

Kemol King -
The government of Guyana handed over instruments of appointment to persons identified to sit on critical bodies established for the management of Guyana’s oil fund. The ceremony occurred at the Office of the President in Georgetown, in the presence of...
News

EPA issues final terms for impact study at Exxon’s largest ever proposed project in Guyana

OilNOW -
Guyana's Environmental Protection Agency (EPA) in early August approved the final terms and scope for the Environmental Impact Assessment (EIA) for the Uaru Development Project, Exxon’s fifth and largest project at the Stabroek Block. The terms and scope document was prepared...
News

‘Heavy oil’ at Orinduik Block could be developed with floating production facility – Eco

OilNOW -
Eco (Atlantic) Oil & Gas says it remains optimistic about the development potential of the Jethro-1 heavy oil discovery made in 2019 at the Orinduik Block offshore Guyana. The company plans to provide further information on plans and timing...
News

CGX says US$21.8M already spent on Berbice Deepwater Port; pushing for 2023 completion

OilNOW -
CGX Energy Inc. has expended some US$21.8 million to complete a substantial portion of its massive Berbice Deepwater Port, the company said in a recent status update. Thus far, CGX has completed 40,000 square meters quayside laydown yard, the rip rap flood protection for the Port...
News

Brazil’s upcoming election and what it means for Petrobras

OilNOW -
Millions of Brazilians are set to choose their next President on October 2 and all bets are on the incumbent Jair Bolsonaro and his fiercest opponent – former president, Luiz Ignacio Lula da Silva. Both have gone head-to-head this campaign season,...
News

Investments with 20/30-year horizons require stable contracts – ExxonMobil Guyana President

OilNOW -
ExxonMobil Guyana has outlined development plans to place six floating production vessels offshore Guyana by 2027 and see potential for 10 to be in operation in the Stabroek Block by the end of the decade. President of the company, Alistair...
News

Guyana seeking advisory services for transformational Gas-to-Energy project

OilNOW -
With Guyana’s massive Gas-to-Energy project on track for its 2024 start-up, the government through a request for proposals (RFP) is seeking consultants to provide legal and commercial advisory services along with negotiation support. The RFP published by the Ministry of...
Exploration

APA hoping for jackpot 17 miles north of Maka discovery offshore Suriname

OilNOW -
Following a successful drill campaign offshore Suriname at Baja-1 in Block 53, APA Corporation will now be turning its attention to the Awari exploration prospect, located around 17 miles north of the Maka discovery at Block 58. TotalEnergies operates Block...
News

Energy strategist urges Guyana to exercise caution in granting local content waivers

OilNOW -
While Guyana’s Local Content legislation allows the subject minister to grant waivers to companies that encounter difficulties in meeting agreed targets for use of Guyanese goods and services, Energy Strategist, Anthony Paul says great care must be taken in the application...
News

T&T Energy Chamber develops new local content management system to track country’s progress

OilNOW -
Trinidad and Tobago’s Energy Chamber recognised, back in 2017, that the country lacked a proper system to accurately report and analyse the local content delivery of industry players operating there. Upstream operator companies have an obligation to report to the Ministry...
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ExxonMobil anticipates lower Q2 2025 earnings due weaker oil and gas prices

ExxonMobil expects lower crude and natural gas prices will weigh on its second quarter 2025 earnings, according to its...

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.

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