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150 companies, four heads of state confirmed for February energy conference

OilNOW -
Response to the International Energy Conference set to take place in Georgetown next month has been overwhelming so far with around 150 companies and four heads of state confirmed for the flagship event. “We have about 150 companies registered, some...
News

Norway group estimates Stabroek Block now holds more than 13.5 billion boe

OilNOW -
‘Hook, line and sinker’ is the phrase being used by Norway-based Rystad Energy to describe ExxonMobil’s spectacular start to the new year in Guyana where it made two more discoveries at the Stabroek Block, its most lucrative license offshore...
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Guyana to make first drawdown from oil fund for 2022 budget

OilNOW -
Guyana’s Vice President Dr. Bharrat Jagdeo said on Friday that the government intends to use some of the proceeds from its US$607 million Natural Resource Fund to finance the government’s budget for the fiscal year 2022. Guyana has been borrowing...
News

US Coast Guard, Department of State to help Guyana strengthen Oil Spill Response Plan

OilNOW -
The US Embassy in Guyana on Friday disclosed that the United States Coast Guard (USCG) and the Guyana Civil Defence Commission (CDC), with support from the United States Department of State’s Energy and Mineral Governance Programme (EMGP), have commenced...
News

Contract for Yellowtail FDP review attracts companies from across the world

OilNOW -
Guyana’s National Procurement and Tender Administration Board (NPTAB) on Thursday received technical and financial proposals from around 12 companies from across the world, including one local firm, for the review and evaluation of the Field Development Plan (FDP) for...
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Tristar appoints Joel Bhagwandin as Managing Director, says local content is key focus

OilNOW -
Tristar has appointed Joel Bhagwandin as its Managing Director. The company said Mr. Bhagwandin, who has held positions in banking and finance during his career in Guyana, is from the West Bank of Demerara which is the "fence line...
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TotalEnergies exiting Myanmar as coup worsens

OilNOW -
Following the February 1, 2021, coup in Myanmar, TotalEnergies said it has firmly condemned on several occasions the abuses and human rights violations taking place there. The company said since then its decisions have been guided by clear principles:...
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EPA amends Liza Phase Two Permit to include US$45 flaring payment

OilNOW -
With the Liza Phase Two Project scheduled for start-up this quarter, Guyana’s Environmental Protection Agency (EPA) has found it prudent to make some critical modifications to the permit issued to Operator, ExxonMobil. In the permit modified and signed on January...
Exploration

Exxon looking to hit pay at Patwa-1

OilNOW -
Patwa-1 is the latest prospect to be targeted by ExxonMobil at the Stabroek Block offshore Guyana where over 10 billion barrels of oil equivalent resources have already been found. OilNOW understands the Noble Sam Croft will be engaged in drilling...
News

Brazil, Suriname to cooperate on local content, renewable energy opportunities

OilNOW -
The historic meeting on Thursday between Heads of State for South America’s oil and gas producers, specifically President of the Republic of Suriname, H.E. Chandrikapersad Santokhi and President of the Federative Republic of Brazil, H.E. Jair Messias Bolsonaro, has...
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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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