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Sod turned for US$20 million Marriott-branded hotel at Guyana’s largest airport

OilNOW -
President of Guyana Dr. Irfaan Ali said he is happy that more Guyanese are coming to the fore to take advantage of the conducive business climate and see the need to create ownership as the country continues to progress....
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Nigeria lawmakers pass landmark petroleum bill proposing lower royalty, tax rates

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Lawmakers in Africa’s most populous country, Nigeria, passed the Petroleum Industry Bill on July 1 after considering the report of the Joint Committees on Petroleum (Upstream and Downstream) and Gas Resources. Consultancy group Wood Mackenzie said this is a significant...
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Surge in FPSO awards to double fabricators’ pipeline, Yellowtail next in line for Guyana

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Norway-based Rystad Energy said in a report on Thursday that the FPSO market is booming this year, with more contracts awarded in the second quarter of 2021 than during the full year 2020. The consultancy group expects FPSO awards...
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Oil holds steady after OPEC+ failed to reach consensus on production at July 1 meeting

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(S&P Global Platts) Crude oil futures were steady during mid-morning trade in Asia July 2 as the market awaited clarity on OPEC+'s production plans for August onwards, after the producer group failed to reach consensus at a fractious July...
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Guyana welcomes US congressmen’s calls for inclusive economic growth

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Guyana’s Minister of Parliamentary Affairs and Governance, Gail Teixeira recently asserted that the government is committed to ensuring all citizens benefit from the proceeds of oil. She made the comment in a video address following statements made by two...
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Guyana set to receive biggest pay yet for export of Liza Crude this week

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Guyana is lifting another tanker load of oil this week, representing the country’s share of production from the Liza Phase 1 Development. This comes at a time when Brent is trading around $75 a barrel, the highest it has...
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EPA grants Exxon another allowance to flare above pilot levels

OilNOW -
The Environmental Protection Agency (EPA) has granted ExxonMobil Guyana another allowance to flare above pilot levels at its Liza Phase 1 operations. Sharing these details is ExxonMobil Guyana’s Public and Government Affairs Advisor, Janelle Persaud. In an interview with OilNOW...
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Guyana, Trinidad to establish Working Group on energy, investment

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Guyana and its sister Caribbean country, Trinidad & Tobago are set to establish a Working Group on energy, investment, trade and cooperation through mechanisms such as the Framework Agreement on the Deepening of Bilateral Cooperation and the Memorandum of...
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Qatar Petroleum to spend $200 million on emissions reduction technology

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Qatar Petroleum, one of the latest oil and gas companies to take up acreage in the Guyana-Suriname Basin, will spend $200 million on emissions reduction technology for its North Field LNG expansion project off the north-east shore of the...
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Exxon applies to EPA for approval to flare above pilot level as compressor undergoes second phase of testing

OilNOW -
ExxonMobil Guyana said on Wednesday that the upgraded and repaired discharge silencer of the third stage flash gas compressor and a new venturi were safely installed on the Liza Destiny FPSO. The first phase of testing was also successfully...
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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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