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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Legal framework for fund holding close to US$100 million in oil revenue to be amended or repealed

OilNOW -
Guyana’s Natural Resources Fund (NRF) will either be amended or repealed and replaced by the new government over what it has described as ‘serious flaws’ which put ‘overwhelming dominance’ in the hands of the Minister of Finance.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,...
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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,...
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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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Guyana’s Department of Energy to fall under Ministry of Natural Resources – Vice President

OilNOW -
Guyanese Vice President, Bharrat Jagdeo, revealed on Friday that the Department of Energy will fall under the Ministry of Natural Resources ahead of the establishment of a Petroleum Commission. “Under the new portfolio, the gazetted portfolio, the Department of Energy...
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U.S. seizes Iranian gas from 4 tankers headed to Venezuela

OilNOW -
(Associated Press) The Trump administration has seized the cargo of four tankers it was targeting for transporting Iranian fuel to Venezuela, U.S. officials said Thursday, as it steps up its campaign of maximum pressure against the two heavily sanctioned...
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Cheaper power may be closer for Guyana as government embarks on new round of discussions to pipe gas to shore

OilNOW -
The recently installed administration in Guyana has already been meeting with companies to further discussions on the proposed gas-to-shore project that would provide the South American country with reliable and affordable power which could see a number of new...
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Malaysian company to supply equipment for Prosperity FPSO

OilNOW -
Malaysia-based equipment manufacturer KNM has been awarded a contract by Dutch floater specialist, SBM Offshore, for the supply of equipment for a floating production vessel being built for ExxonMobil’s oil production operations in Guyana. KNM said its subsidiary, KNM Process...
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Consultant for Payara review expected within days – Natural Resources Minister

OilNOW -
The independent consultant being engaged by the Government of Guyana to review the work that has been done so far by the Department of Energy for the 220,000 barrels per day Payara Development Project is expected to arrive in...
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Guyana’s Local Content Policy for review

OilNOW -
Guyana’s Minister of Natural Resources, Vickram Bharrat, says the newly installed PPP/C government will take steps to review and amend the Local Content Policy which was this year finalized by the previous administration. Mr. Bharrat said that following an initial...
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Suriname’s National Debt Chief resigns amid enhanced financial scrutiny of NDP government 

PARAMARIBO, SURINAME - Malty Dwarkasing has resigned as Suriname’s Administrator-General of the National Debt Office. Dwarkasing submitted her resignation...

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