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Saudi Aramco is leading candidate for partnering with Guyana on National Oil Company – Deakin

OilNOW -
If Guyana considers the establishment of a National Oil Company (NOC), Americas Market Intelligence (AMI) Analyst, Arthur Deakin, believes that partnering with Middle Eastern oil giant Saudi Aramco offers significant upside, although still presenting some notable risks. In his most...
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Exxon to submit study on produced water for US$10B Yellowtail Project

OilNOW -
According to the provisions of the Petroleum Production Licence (PPL) for the US$10 billion Yellowtail Project, ExxonMobil Guyana is required to conduct an in-depth study on the feasibility of re-injecting produced water. It is expected to do this while ensuring that the base design for...
News

Reaching remote populations, Guyana targets solar power for 30,000 hinterland homes

OilNOW -
Guyana’s Low Carbon Development Strategy (LCDS) 2030 will deliver benefits, not just to the bustling coastal population centers, but also the most remote areas in the new oil producing South American country. In-keeping with this objective, the Government plans to provide solar...
News

Texas-based firm to conduct impact study on Exxon’s fifth Stabroek Block development  

OilNOW -
The Houston Texas-based Acorn International will be conducting the environmental study for ExxonMobil's fifth development in the Stabroek Block - Uaru. On Monday, ExxonMobil's local subsidiary, Esso Exploration & Production Guyana Limited (EEPGL), held a public scoping meeting on Uaru at the Umana Yana....
News

Uaru project to have spare parts on hand, flare plan in place to prevent Liza-1 issues

OilNOW -
ExxonMobil Guyana is looking to put all systems in place to ensure optimal performance for its fifth development. Ahead of environmental authorisation from authorities, the oil giant is taking steps to ensure that issues with flaring do not occur there. Exxon’s...
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Local consortium, foreign auditors team up to audit Exxon’s 2018-2020 costs

OilNOW -
Guyana's Ministry of Natural Resources has hired a group of firms, for a four-month period, to audit the costs of the Exxon-led Stabroek Block consortium for the period 2018-2020. A local consortium was hired, consisting of Ramdihal and Haynes Chartered...
Exploration

Repsol preparing to spud Beebei-1 well at Kanuku Block

OilNOW -
Repsol, operator of the Kanuku Block offshore Guyana, is preparing to undertake drilling operations at the Beebei-1 prospect. OilNOW understands the well will be spudded around May 25. Repsol has a 37.5 stake in the Kanuku Block. The other partners...
News

Studies have not shown oil and gas operations driving impact on fisheries – Exxon Official

OilNOW -
ExxonMobil Guyana’s in-country projects manager, Anthony Jackson, said the company is committed to supporting studies on the environmental impacts of its operations, so it can understand if they have any impact on Guyana’s fish stock. He made this comment during...
News

Gas project will help push micro, small, medium businesses, avert Dutch Disease – GCCI President

OilNOW -
New to the global oil-producing scene, Guyana has received endless forewarnings about not falling into the trap of the dreaded ‘Resource Curse’ or ‘Dutch Disease’ – the cause of significant challenges for many oil-rich nations. The government has said it...
News

Guyana uses forest conservation funds to extend land titles for indigenous people

OilNOW -
Following years of work, the North Rupununi village of Yupukari and its residents now benefit from a land extension of 145 square miles – three times the original size of the village. Minister of Amerindian Affairs Pauline Sukhai, along with...
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Ali: Fighting transnational crime vital, protecting sovereignty is Guyana’s business

Guyana's President, Dr. Irfaan Ali made it clear today that protecting his country's sovereignty remains a top priority. The...

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