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Payara for further review ahead of decision on approval

OilNOW -
Government approval for Payara, ExxonMobil’s third development project offshore Guyana, remains on hold as the new administration seeks external assistance to further review the work that has been done so far in assessing the project. “Specifically to the Payara licence,...
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US doubles support for transparency in Guyana’s extractive sector

OilNOW -
The United States Embassy in Georgetown on Monday announced that United States’ Agency for International Development (USAID)’s support for transparency and good governance in Guyana’s extractive sector has been bolstered with an additional $500,000 grant provided for the Guyana...
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PNM wins Trinidad and Tobago election

OilNOW -
(Trinidad Express) It’s the People’s National Movement (PNM) again. But with a reduced majority. The PNM has held on to government with a 22/19 election result, giving it a three-seat majority. The party, which won 23 seats in the last general...
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Canje Block’s Bulletwood-1 is a ‘Liza look alike’ – Westmount Energy

OilNOW -
At 180km offshore Guyana in deep to ultra-deep water, the Canje Block is said to be highly prospective with an environment of disposition unique among offshore Guyana blocks in that it contains both continental slope and basin floor terrain. Most...
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Brent outlook for 2020 stands at $42.35 as Guyana expected to lift 2 million more barrels

OilNOW -
New oil producer Guyana is expected to lift 2 million barrels more of Liza crude this year, representing the country’s share of 5 million barrels; 3 million of which have already been exported. Oil production got underway in the South...
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Twinning of Georgetown and Europe’s oil capital Aberdeen discussed at foreign meeting

OilNOW -
High Commissioner of the United Kingdom to Guyana, Greg Quinn met with newly appointed Minister of Foreign Affairs and International Cooperation, Hugh Todd today where a number of matters were discussed, including the twinning of Georgetown, Guyana and Aberdeen,...
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Finance and Natural Resources for Presidential oversight in Guyana

OilNOW -
The Office of the newly elected President of Guyana, Dr. Mohamed Irfaan Ali, will have direct oversight for finance, and natural resources, under which the petroleum portfolio falls. In a statement on Monday, the Office of the President said, “In...
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Halliburton, Honeywell collaborate to improve reservoir asset productivity

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Halliburton and Honeywell announced Monday a collaboration to maximize asset potential, reduce execution risk and lower the total cost of ownership for oil and gas operators. The collaboration will leverage Halliburton Landmark’s DecisionSpace® 365 E&P cloud applications and Honeywell Forge,...
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Oil tanker SKS SPEY lifts Guyana’s 3rd million-barrel cargo

OilNOW -
The offloading of Guyana’s 3rd million-barrel oil cargo from the Liza Destiny FPSO to Norwegian flag-carrier SKS SPEY concluded on Sunday, marking the final lift under the current contract the country has with Shell Western Supply and Trading Limited. Brent...
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Guyana stands united on settling Venezuela border controversy at ICJ – President Ali

OilNOW -
President of Guyana Dr. Mohamed Irfaan Ali has committed to safeguarding the sovereignty of the South American oil producing country, noting that all Guyanese stand united on the issue of the integrity of the country’s borders. Speaking at his inauguration...
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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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