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Entrepreneurs positioning Guyanese businesses for oil and gas bonanza

OilNOW -
A local online marketplace, aptly named Online Guyana (www.online.gy), was launched last week and is offering Guyanese companies the opportunity to market their products online. In a press update, the company said as the world, and Guyana, adjust to the...
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Liza Destiny flaring reduced to ‘pilot levels’ as gas compression system fixed – ExxonMobil

OilNOW -
Flaring at the Liza Destiny FPSO has been reduced to pilot levels and the vessel is now producing oil at full capacity of 120,000 barrels per day. The FPSO, designed to ensure there is no routine flaring in its...
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Guyana oil output hits 120,000 bpd as country celebrates 1st anniversary as producer

OilNOW -
Today marks one year since Guyana began producing oil. ExxonMobil Guyana said it is celebrating this significant milestone as the Liza Destiny floating production storage and offloading (FPSO) vessel reached full capacity of 120,000 barrels of oil per day...
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One year later Guyana now firmly established as an oil producer

OilNOW -
Exactly 12 months have gone by since Guyana produced its first barrel of oil at the offshore Stabroek block where US oil major ExxonMobil is operator. This milestone came just under five years from the world-class Liza discovery in...
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Farm-ins are routine in the oil and gas industry, ‘first movers’ take risks – expert says

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‘First movers’ and their small independent partners/companies take risks in acquiring exploration licenses for offshore blocks, as there is no guarantee that they will find a large partner to farm into these blocks. This is according to President of...
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ExxonMobil building strong partnerships, sees Guyana capacity growing – Routledge

OilNOW -
Building strong partnerships with key stakeholders in Guyana and supporting the development of local business have been areas of special interest for ExxonMobil in its operations in the South American country. This is according to President of ExxonMobil Guyana, Alistair...
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BP and Reliance start production at Asia’s deepest gas project

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India got a new supply of cleaner-burning gas on Friday after production started from R Cluster ̶ an ultra-deepwater gas project in block KG D6 off the east coast of the country, bp said in a press update. Chairman and Managing...
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ICJ rules that it has jurisdiction to hear Guyana/Venezuela border controversy case

OilNOW -
The International Court of Justice on Friday ruled that it has jurisdiction to hear the case involving the Guyana/Venezuela border controversy issue. President of Guyana, Dr. Irfaan Ali, members of his Cabinet, former Speaker of the National Assembly Barton Scotland,...
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Guyana’s first oil & gas publication launched with focus on development of local enterprise

OilNOW -
Energy, the first publication in Guyana covering the rapidly developing Oil and Gas sector, has been released by Energy Guyana Magazine Inc. a 100% Guyanese owned company. The magazine, which will be available digitally and in print, focuses primarily on...
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Guyana and Suriname among countries expected to dominate 2021 licensing rounds

OilNOW -
The award of oil and gas acreage in 2021 is expected to be dominated by countries like Guyana and Suriname which, like just a handful of some other territories, have captured high interest in the industry over the last...
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Energy InsightsChevy Devonish -

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...

OilNOW is a Resource Center founded and owned by Guyanese. OilNOW is an apolitical, non-partisan, privately owned agency that strives to ensure the highest degree of accuracy and balance.

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