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Exploration

Report: 9 prospects at Kaieteur Block hold an estimated 2.1 billion barrels of oil

OilNOW -
A study conducted on the Kaieteur Block offshore Guyana has revealed that nine prospects, including the Tanager-1 well where exploration drilling is underway, hold an estimated 2.1 billion barrels of oil resources. The Stena Carron drillship arrived at the Tanager-1 well site a week...
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Staatsolie lays out key objectives for Suriname ahead of deepwater oil production

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With a string of discoveries, ongoing exploration, and multiple targets yet to be drilled, Suriname is on the verge of becoming an offshore oil producer. State oil company, Staatsolie, says it hopes to see several objectives being achieved as the country moves...
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Start date, scope for review of Guyana local content policy to be worked out – Energy Consultant

OilNOW -
Trinidadian energy consultant Anthony Paul says details for his engagement with the Government of Guyana to review the country’s Local Content Policy are being worked out. Mr. Paul recently confirmed to OilNOW that he was contacted by the newly installed administration in Guyana...
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Gas from Liza field meet requirements of proposed power project – ExxonMobil

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As discussions continue in Guyana on the prospect of piping gas to shore for generation of cheaper and cleaner energy, ExxonMobil, operator at the Stabroek Block, has confirmed that volumes found at the Liza field meet the requirements of this proposed project....
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Team of international experts reviewing Payara contract – Natural Resources Ministry

OilNOW -
The Ministry of Natural Resources said on Saturday evening, in the interest of transparency, it would like to highlight pertinent facts relating to the review of the Payara Development project. See statement below The current review has been undertaken by the Energy Department...
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Business groups welcome Guyana government’s stance on local content

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The Georgetown Chamber of Commerce and Industry (GCCI) and the Guyana Manufacturing and Services Association (GMSA) said on Saturday the position of the new administration on local content development in the oil and gas sector is welcomed. Vice President, Bharrat...
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Former Premier of Alberta in Guyana to review Payara development

OilNOW -
Former Premier of Alberta, Canada, Alison Redford QC, has been engaged by authorities in Guyana to review the Payara development contract. The Ministry of Natural Resources (MNR) said on Saturday, subject Minister, Vickram Bharrat met with Ms. Redford along with...
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Legal framework for fund holding close to US$100 million in oil revenue to be amended or repealed

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Guyana’s Natural Resources Fund (NRF) will either be amended or repealed and replaced by the new government over what it has described as ‘serious flaws’ which put ‘overwhelming dominance’ in the hands of the Minister of Finance. On January 23,...
News

Traders have another opportunity to bid for lifting Liza Crude

OilNOW -
The new PPP/C administration in Guyana has taken a decision to reopen the tender for the provision of marketing services for the country’s share of Liza Crude. Speaking at a press conference on Friday in Georgetown, Vice President, Bharrat Jagdeo,...
News

Payara review to be completed before August month-end – Vice President

OilNOW -
A review of the Payara Development Project that is being undertaken by the new administration in Guyana is expected to be completed before the end of the month after which a decision on its approval is expected to be...
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Dredging in Demerara Channel to continue through 2025

The Maritime Administration Department (MARAD) announced that dredging works will continue in the Demerara Main Ship Channel and off...

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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