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Exxon says understanding of marine environment offshore Guyana has increased substantially over the years

OilNOW -
Environmental data have been collected offshore Guyana and studied since 2014 and reports have been compiled describing the physical, chemical, and biological properties of sediment and the water column to document baseline conditions, particularly in the Stabroek Block. These...
News

Brent drops as oil rally falters

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(Reuters) Oil prices fell on Wednesday after U.S. crude inventories unexpectedly rose and amid concerns about a slowing Chinese economy. Brent crude was down 46 cents, or 0.6 %, at $78.63 a barrel by 0950 GMT. On Tuesday, it fell...
News

Experts say oil and gas crucial to energy transition

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With increasing temperatures, rising sea levels, and more aggressive effects of climate change occurring, it is obvious that every country must do its part to achieve the goals of the Paris Agreement of net-zero carbon emissions by 2050. A...
News

Edison Chouest-John Fernandes JV looking to expand Guyana operations

OilNOW -
Edison Chouest Offshore, a transportation solutions provider based in Louisiana, is looking to expand its operations in the new oil producing country of Guyana. The company’s local affiliate, G-Boats, is currently operating an oil and gas offshore support terminal with...
News

Oil and Gas sector to bring massive opportunities in agriculture, increased demand for food

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As Guyana’s oil and gas industry rapidly expands, so too will the opportunities for the private sector to tap into the downstream product and service demands, particularly with regard to food supply. This is according to Minister of Agriculture,...
News

Oil hits $80 a barrel for the first time in 3 years

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(Reuters) Oil markets climbed for a sixth day on Tuesday, reversing earlier losses, on fears over tight supply while surging prices of liquefied natural gas (LNG) and coal also lent support. Brent crude futures gained $1.05, or 1.3%, to $80.58...
News

Venezuela’s military intelligence detains refinery workers

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(Bloomberg) -- Venezuela’s military intelligence officials detained seven workers at a facility owned by state-owned oil producer Petroleos de Venezuela amid a terrorism-related investigation. The workers at the Paraguana refining complex in Falcon state were held on Thursday by the...
News

CNOOC raising billions to fund Guyana, other projects

OilNOW -
Chinese state-owned oil and gas company CNOOC is raising 35 billion yuan ($5.41 billion) in a new share issue on the Shanghai stock exchange to fund several key oil and gas projects including Payara, offshore Guyana, where it has...
News

Fugro completes one of its largest geohazard programmes in the region at Block 58

OilNOW -
Fugro has finalised fieldwork on a site investigation programme for TotalEnergies off the north-west coast of Paramaribo in Block 58 of the Guyana-Suriname Basin. The project sits approximately 150 km offshore in water depths ranging from 60 m to 2100...
Exploration

Exxon targeting 12-well bonanza at Kaieteur Block

OilNOW -
ExxonMobil recently submitted an application for environmental authorization to the Environmental Protection Agency (EPA) to proceed with a 12 well exploration campaign on the Kaieteur Block, Offshore Guyana. The company has already applied to the EPA for authorisation to...
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Guyana’s power demand hits record high at 221.3 megawatts 

Guyana has recorded its highest-ever electricity demand this year, with peak consumption reaching 221.3 megawatts (MW) in September. The...

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