News

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

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...

Contract for Yellowtail FDP review attracts companies from across the world

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...

Tristar appoints Joel Bhagwandin as Managing Director, says local content is key focus

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...

TotalEnergies exiting Myanmar as coup worsens

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:...

EPA amends Liza Phase Two Permit to include US$45 flaring payment

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...

Exxon looking to hit pay at Patwa-1

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...

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

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...

Tristar to acquire additional 300 acres of land for major shorebase project in Guyana

Guyanese company Tristar is in the process of acquiring an additional 300 acres of land in Versailles, West Bank Demerara. OilNOW understands the 300 acres will support the operations of the West Demerara Shorebase project with options for storage...

Gas-to-Power Project could change cement manufacturing economics for Guyana – Exxon

While there are currently no cement manufacturing operations in Guyana due to the high cost of energy and other barriers, the imminent Gas-to-Power Project could soon change the economics for the country in this regard. This is according to ExxonMobil’s Comprehensive...

Guyana-Suriname Upper Cretaceous play delivered the goods in 2021

Frontier exploration drilling fell to its lowest level since 2008 with only 15 frontier wells being completed and only one making a potentially modest sized commercial discovery according to a report released this week by energy market research and...

Latest News

Payara crude holds slight price premium over other Stabroek Block grades

Payara Gold crude from ExxonMobil’s third Guyana oil development has consistently traded at a marginal premium to its other...