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Fire Juggling in the Energy Sector: Part 2

OilNOW -
Dr. Lorraine Sobers – OilNOW Last week, we looked at the “fire juggling act” between renewable energy development and natural gas development with a regional outlook. I suggested that Guyana and other Caribbean Community (CARICOM) countries can reduce their low...
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Ramps had threatened Guyana customs regulator with lawsuit over $20M fine

Kemol King -
After being fined GY$20 million for breaching customs law earlier this year, Ramps Logistics had threatened the Guyana Revenue Authority (GRA) with a lawsuit if it did not return the fine. The letter dated March 4, 2022, from its attorney-at-law,...
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Exciting discoveries off Africa result in oil block awards to Shell, APA by Uruguay

OilNOW -
Uruguay announced on Thursday that it awarded three of six oil blocks on its continental shelf, through its state energy company, National Administration of Fuels, Alcohols and Portland (ANCAP). ANCAP said the winning bids for the blocks are Block OFF-2: Shell, which...
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New laws will award permits by default if regulators don’t meet deadlines – Guyana Attorney General

OilNOW -
As it finalises legislation to govern the efficiency of the business environment in Guyana, government is including detailed provisions to prevent corruption and negligence from slowing up permit awards. Attorney General, Mohabir Anil Nandlall said these provisions will allow for...
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Five high-impact wells being targeted offshore Suriname this year – Staatsolie CEO

OilNOW -
Drilling operations are ramping up offshore Suriname, one of South America’s newest deepwater hotspots, with five high impact wells being targeted by International Oil Companies (IOCs) this year. The country’s neighbour to the west, Guyana, now holds the 17th...
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Guyana’s largest shore base seeking vendors to expand local capacity

OilNOW -
In keeping with Guyana’s strict Local Content regulations, the Guyana Shore Base (GYSBI) is on the hunt for local vendors that fit the 40 sectors outlined in Schedule 1 of the Local Content Act. “GYSBI has committed to this undertaking to...
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Exxon prepares to tender for construction of Guyana’s onshore gas pipeline

OilNOW -
ExxonMobil on Thursday issued a Request For Information (RFI) for the construction of Guyana’s Gas-to-Energy onshore pipeline. It wants to use the information to compile a list of qualified bidders. In the public RFI, Exxon said it plans to install an onshore...
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Petrobras’ Chief E&P Director takes up CEO role

OilNOW -
With no Chief Executive Officer (CEO) in place, the Brazil state-owned Petrobras (Petróleo Brasileiro SA) has asked its Chief Exploration and Production Director to fill the slot. In a release, Petrobras said Fernando Borges was appointed on June 20, after last Petrobras...
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City Chamber says ‘rent-a-citizen’ tactics run counter to local content law

OilNOW -
The Georgetown Chamber of Commerce and Industry (GCCI) says disapproves "rent-a-citizen" and "fronting" tactics potentially being used by companies operating in Guyana's oil and gas sector, because such tactics run counter to the spirit of Guyana's local content legislation.  In...
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Ramps says legal action on the cards over local content spat

Kemol King -
Ramps Logistics’ chief executive, Shaun Rampersad came out in defense of the efforts it made to receive a Guyana local content certificate, including divestment of 51% of the company to a man with Guyanese citizenship named Deepak Lall. This...
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Wales Gas-to-Energy project accelerates with 120 day foundation plan

Guyana’s Gas-to-Energy project at Wales is entering a crucial phase as contractor Lindsayca Guyana pushes to complete all foundation...

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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