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With return of coal-fired power, natural gas more important now than ever

Shikema Dey -
Russia’s war on Ukraine has forced the return of coal-fired power projects, enabling European countries to weather the energy storm as the Putin-led administration chokes its natural gas supply. And with winter on the way, this seems like the...
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Business scholars say oil can fuel sugarcane ethanol production in new hotspot

OilNOW -
It is well known that Guyana, South America’s newest oil and gas hotspot, has had a most turbulent ride with the sugar industry in recent decades. Climate change, high production costs, and a range of other factors have had...
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Time running out for T&T to attract more upstream investment

OilNOW -
The Trinidad and Tobago government committed since last year to conduct an in-depth review of the fiscal regime governing its upstream petroleum sector, said Chief Executive Officer of the Energy Chamber of Trinidad and Tobago, Dr. Thackwray Driver. But...
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Multi-billion-dollar oil earnings seen as key to revolutionising Guyana’s agriculture

OilNOW -
With Guyana set to rake in billions of dollars in oil revenues from the Liza Phase 1 and 2, Payara, and Yellowtail Projects, two scholars of business assert that the country has a golden opportunity to revolutionise its agriculture...
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Shell grants EPCI contract to TechnipFMC for Jackdaw development in UK North Sea

OilNOW -
TechnipFMC said Shell granted it a significant engineering, procurement, construction, and installation (EPCI) contract for the Jackdaw development in the United Kingdom (UK) North Sea. Shell took its final investment decision (FID) on Jackdaw in July after securing regulatory approvals....
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246 businesses already armed with Local Content certificates

OilNOW -
President of the Georgetown Chamber of Commerce and Industry (GCCI), Timothy Tucker has praised the country’s Local Content Legislation as being simple, transparent, and equipped with several mechanisms to flush out non-compliant actors. During a radio interview last week, he...
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Trinidad & Tobago signs milestone gas supply contract with bpTT

OilNOW -
The National Gas Company of Trinidad and Tobago Limited (NGC) said on Friday that it signed a "milestone" gas supply contract with energy major, bp Trinidad and Tobago (bpTT), to ensure future domestic gas supply for the upcoming years. NGC’s...
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Over 100 miles offshore, Exxon is prepping for Guyana’s 3rd oil project

OilNOW -
Development operations are in high gear at the Payara field, located just over 103 nautical miles offshore Guyana, South America’s up and coming second biggest producer. This marks ExxonMobil’s third project at the massive Stabroek Block where nearly 11...
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Guyana’s next crude marketer to take over in last quarter of this year

OilNOW -
Guyana’s Ministry of Natural Resources said Thursday that the next contractor to market its entitlement of crude from the ExxonMobil-operated Stabroek Block will be taking over in the fourth quarter of 2022 for a period of one year. The marketers’ responsibilities will...
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Guyana President takes defence diplomacy to the UN in border case with Venezuela

OilNOW -
Guyana is taking out all the stops in its effort to protect its territorial integrity from the threat of Venezuela. Even though it believes in the integrity of a judicial settlement in the border controversy against Venezuela, it sees...
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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...

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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