News

Trinidad opens competitive bid round for 17 deep water blocks

The government of Trinidad and Tobago recently announced the opening of its deep-water competitive bid round for the fiscal year 2022. The Ministry of Energy and Energy Industries (MEEI) which is responsible for the overall management of the oil, gas...

First class access to healthcare, education part of Ali’s vision for new Guyana

President of Guyana Dr. Mohamed Irfaan Ali gave a masterclass to academics at the Harvard University Business School on Monday, during which he outlined how the country’s growing oil and gas sector will push Guyana’s economy forward in a...

Exxon awarded for efforts to build economic capacity, protect environment in Guyana

ExxonMobil has been recognised for its efforts to build local economic capacity, protect the environment and support communities in the new oil producing South American country of Guyana. The company received the World Petroleum Council Excellence Award (WPCEA) for...

Guyana removing all obstacles for massive private sector investments with Ghana

Guyana’s President, Dr. Irfaan Ali on Monday said the removal of ‘red tapes’ and hindrances to bolster private sector investment opportunities between the country and West African Nation, Ghana is key to successful collaborations and partnerships. He was at the...

Payara Permit armed with two payment mechanisms on gas wastage – Bharrat

In an effort to ensure Guyana’s oil industry is regulated in a manner that serves the public interest, Minister of Natural Resources, Vickram Bharrat said that the government has taken several steps to heighten the safeguards in environmental permits...

Several companies interested in building refineries in Guyana but government says it remains cautious

In light of the 10 billion barrels of oil equivalent resources found at the Stabroek Block since 2015 and ongoing exploration campaigns across other blocks, Guyana’s Minister of Natural Resources, Vickram Bharrat says there is “tremendous interest” from investors...

Exxon targeting more crude at Lau Lau-1 in Guyana’s largest block

ExxonMobil’s search for more hydrocarbons offshore Guyana continues with a new campaign targeting the Lau Lau-1 well site located at the prolific Stabroek Block where it has found more than 10 billion barrels of oil equivalent since 2015. The Noble...

Talks on regional energy corridor slated for early 2022 – President Ali

“Strategic discussions” on the regional energy corridor bridging Guyana, Suriname, French Guiana and northern Brazil are set to happen in January 2022, President Ali announced last Friday. In his keynote address to the 25th annual award ceremony hosted by the...

Head of EPA goes offshore to investigate unidentified substance on water

Following the circulation of a video on social media depicting an unidentified substance on the surface of Guyana’s offshore waters, Head of the Environmental Protection Agency (EPA), Kemraj Parsram told OilNOW that investigations are being carried out to ascertain...

Over 200 percent increase in local businesses accessing capacity building programmes – Dr. Gaskin-Peters

Since the Centre for Local Business Development opened its doors in 2017 in Guyana to help local businesses build capacity and prepare for opportunities in the oil and gas sector, there has been a more than 200 percent increase...

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French firm gets five-year tech support contract from ExxonMobil Guyana

French geophysical technology company Sercel announced on Tuesday that it has been awarded a five-year contract for technical support...