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New Exxon Guyana head office will supply power to Georgetown grid – Routledge

OilNOW -
ExxonMobil’s new solar-powered local head office which is to be built at Ogle will provide electricity to the Georgetown power grid. So says President of ExxonMobil Guyana, Alistair Routledge, speaking at the recent 132nd annual awards ceremony of the Georgetown Chamber...
News

Exxon partnering with Rotary, BrainStreet for delivery of online education

OilNOW -
The Rotary Club of Stabroek has partnered with oil giant ExxonMobil Guyana and the BrainStreet Group to deliver interactive online education particularly in the Hinterland communities. This project follows a successful first phase implemented in 2020 which saw online courses...
Exploration

Fangtooth drilling results expected early next year, says Stabroek Block co-venturer

OilNOW -
Results from drilling operations at the Fangtooth-1 prospect located at the 6.6 million acres Stabroek Block offshore Guyana is expected in early 2022, a co-venturer on the license has confirmed. “Fangtooth’s results are expected sometime in the second quarter. We’re...
News

EPA secures over GY$900 million in payments for flaring – Parsram

OilNOW -
Head of the Environmental Protection Agency (EPA) in Guyana, Kemraj Parsram says to date the Agency has received GY$930 million (US$4,500,000) in payments for flaring related to oil production activities ongoing at the ExxonMobil-operated Stabroek Block. The EPA head...
Discoveries

Global oil and gas discoveries on track to hit lowest in 75 years, says Rystad Energy

OilNOW -
Norway based energy research and business intelligence company Rystad Energy says global oil and gas discoveries are on track to hit their lowest full-year level in 75 years should the remainder of December fail to yield any significant finds. As...
Exploration

Analysis show US$525 billion in upstream investments will be needed annually this decade

OilNOW -
Even as the momentum surrounding de-carbonization continues to increase, a recent industry analysis by IHS Markit and the International Energy Forum (IEF) has concluded that demand for fossil fuels is nearing pre-pandemic levels, as such, US$525 billion would be...
News

Two years later, Guyana oil discoveries soar, prosperity on the horizon

OilNOW -
Exactly two years ago today, Guyana produced its first barrel of oil, marking a historic moment that will forever change the face of this South American country. Now, the nation of just over 750,000 people is poised to become...
News

Liza Destiny FPSO racks up over 800 days with no recordable incident – Routledge

OilNOW -
The Liza Destiny FPSO, Guyana’s first oil production vessel, has racked up over 800 days with no recordable incident offshore the South American country where it has been producing oil for the past 24 months. The vessel, built and operated...
News

Bill strikes balance between interest of oil companies, local businesses – Attorney General

OilNOW -
While he considers the Local Content Bill 2021 to be one of the most important pieces of legislation since Guyana's independence, Attorney General and Minister of Legal Affairs, Anil Nandlall recently praised the Bill for striking a balance between...
News

Over 1,000 Guyanese worked on projects that delivered historic first oil

OilNOW -
Over 1,000 Guyanese worked on projects that culminated with the commissioning of the country’s first Floating Production Storage and Offloading (FPSO) vessel back in June 2019, in Singapore. Today marks two years since the SBM Offshore built and operated Liza...
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NewsIşıl Güneş -

Suriname’s National Debt Chief resigns amid enhanced financial scrutiny of NDP government 

PARAMARIBO, SURINAME - Malty Dwarkasing has resigned as Suriname’s Administrator-General of the National Debt Office. Dwarkasing submitted her resignation...

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