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Builder of Guyana FPSOs celebrates five years in new oil province

OilNOW -
SBM Offshore, the builder and operator of floating production storage and offloading (FPSO) units operating offshore Guyana, on Wednesday celebrated five years of operations in the new oil producing South American country. The auspicious occasion was marked with the...
News

Simpler withdrawal rules to be put in place for Guyana’s wealth fund – Finance Minister

OilNOW -
The Guyana government will table a Bill in the National Assembly today for the amendment of its Natural Resource Fund to provide simple rules to govern withdrawals. The government has said the current rules as too complex. In criticising the...
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Guyana setting up framework to monitor local content compliance, says finance minister

OilNOW -
Guyana’s Finance Minister Dr. Ashni Singh said the government’s new local content bill, scheduled to be tabled in the national assembly today, makes provisions for the establishment of a local content secretariat, which will be responsible for managing compliance...
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Rowley says Exxon’s relocation of supply services to Guyana expected as country targets 1 million bpd

OilNOW -
ExxonMobil's almost 100 percent relocation of supply chain services from Trinidad and Tobago to Guyana is not an unexpected move, says Prime Minister of the Twin Island Republic, Dr. Keith Rowley. He said this is especially understandable since Guyana's...
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Oil extends losses as omicron concerns mount

OilNOW -
Crude oil futures were lower in mid-morning trade in Asia Dec. 15, extending losses from the previous session, as concerns over an impending surge in COVID-19 cases from the omicron variant mounted. At 10 am Singapore time (0200 GMT), the...
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Guyana appoints new elections chief in bid to shed 2020 distrust

OilNOW -
Since the conclusion of Guyana’s chaotic elections in August 2020, rebuilding confidence in public institutions and in the country as an investment destination has been a key objective of the new government. The Irfaan Ali administration had insisted that...
Exploration

Deepwater plays in giant prospects like Guyana to reign supreme in 2022 rebound – Wood MacKenzie

OilNOW -
While climate change pledges from governments across the world will put some degree of pressure on the oil and gas industry, the upstream sector will still rebound come 2022 says global energy research and consultancy group, Wood Mackenzie. More specifically,...
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This South American country is looking to attract $19 billion in oil & gas investments

OilNOW -
Developing countries are continuing to focus on commercializing their oil and gas resources so that the much-needed revenues can be used to expand their economies and improve the standard of living for their people. GlobalData said on December 3 that...
News

Large volumes of gas at Stabroek Block, Guyana could become export hub, says AMI analyst

OilNOW -
The Guyana-Suriname basin is the most appealing frontier market opportunity in the world since it features light to medium sweet crude which has low emissions, highly competitive breakevens and offers exploration companies some of the most competitive terms. An...
News

Guyana-Exxon partnership will deliver best results for landmark gas to energy project – Dr. Pieters

OilNOW -
The landmark gas to energy project being planned by authorities in Guyana will be best run through the partnership the country has with ExxonMobil since the oil major has vast experience in delivering major projects on time and on...
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‘We need everyone on board’ – Anne Rita Wijdh calls for faster implementation of Suriname’s local content framework

PARAMARIBO, SURINAME – In an exclusive interview with OilNOW, local content specialist Anne-Rita Wijdh offered her perspective on Suriname’s...

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