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No commercial oil at Jabillo-1, Sapote is next target

OilNOW -
Westmount Energy Ltd., said on Monday it has been informed by JHI Associates Inc. that the Jabillo-1 well on the Canje block reached target depth without encountering commercial hydrocarbons. Westmount said project operator ExxonMobil will now switch attention to the...
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1 million barrels of Guyanese oil en route to India’s Paradip refinery

OilNOW -
Indian Oil Corporation Ltd. (IOC) has become the first Indian PSU refiner to buy a tanker load of Liza Crude from Guyana. One million barrels of oil from the South American country is now en route to India as...
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Public meetings kick off this week for US$900 million gas-to-energy project

OilNOW -
ExxonMobil will begin holding a series of public meetings in Guyana this week for the US$900 million gas-to-energy project for which it has submitted an application to the Environmental Protection Agency (EPA) seeking authorisation for construction of onshore and...
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Diplomat calls on more U.S. companies to set up shop in ‘land of many waters’

OilNOW -
United States Ambassador to Guyana, Sarah-Ann Lynch is urging internationally recognized American companies to set up shop in Guyana. She made the comment during the sod turning ceremony for a new Courtyard by Marriott in the compound of the Cheddi...
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Guyana EPA says it can ramp up US$30 flaring payment if necessary

OilNOW -
In the event that Stabroek Block operator ExxonMobil exceeds the 60-day limit for flaring during start-up as set out by the Environmental Protection Agency (EPA), the company can see itself paying more than the recently implemented US$30 flaring charge. Pursuant...
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Two major projects in queue off South America’s hottest new basin

OilNOW -
For the last decade no other frontier in the world has delivered the mega discoveries being made in the Guyana-Suriname Basin and from all indications, this is only the beginning. Experts say the basin contains over 20 billion barrels...
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60-day flaring allowance for Liza, Payara tougher than international benchmark – EPA

OilNOW -
Guyana’s Environmental Protection Agency (EPA) has disclosed that the 60-day allowance for flaring at start up as stated in the permits it issued to ExxonMobil for the Liza Phase 1 and Payara projects are tougher than the international benchmark....
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Rystad Energy says NPV for Suriname’s 11 active blocks will generate ‘substantial cash flows’

OilNOW -
Norway-based Rystad Energy says the Net Present Value on projects on active blocks in Suriname will generate substantial cash flows as the South American country takes a giant leap forward with its game-changing discoveries. “These assets, when developed, could boost...
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Guyana government set to invest almost GY$500 million per day in projects for remainder of year – President Ali

OilNOW -
During Cabinet deliberations on Thursday, the Irfaan Ali administration examined government’s expenditure portfolio and profile and the investments critically needed to transform the new oil producing country. “Just to let you understand how important this is, for the remainder of...
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Hess anticipates drilling US$1B into Guyana oil developments next year

OilNOW -
Even as it keeps a close eye on market forces and how those may shift to affect its capital allocation, Hess Corporation has disclosed that it intends to plug up to US$1B into oil development projects offshore Guyana next...
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The Oil Pollution Prevention, Preparedness Response and Responsibility Act: Liability 

In my last piece, I gave an overview of Guyana’s new Oil Pollution Prevention, Preparedness Response and Responsibility Act...

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