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Guyana’s maritime legislation for O&G upgrade

OilNOW -
Authorities in Guyana are looking to update the country’s maritime legislation in the context of the emerging oil and gas industry. This is according to Minister of Public Infrastructure, David Patterson, speaking at a one-day Maritime conference held at the...
News

EPA targeting mid-year completion for oil spill response plan

OilNOW -
Guyana’s Environmental Protection Agency (EPA) is working towards completing the country’s National Oil Spill Response plan by June, ahead of first oil from the Liza Phase 1 Development project. EPA Director, Kemraj Parsram says “tremendous progress” has been made over...
News

Our main focus is to deliver on our promise of large oil deposits in Guyana – Gil Holzman

OilNOW -
Eco Atlantic Oil & Gas has been making some major announcements about potential multli-billion-barrel deposits at its Orinduik block offshore the South American country of Guyana. CEO, Gil Holzman told Vox Markets in an interview on Tuesday that the...
Exploration

Offshore drilling making comeback with low-cost targets like Stabroek

OilNOW -
Producing 120,000 barrels of oil per day from the Permian basin would require a $12.8 billion investment while hitting the same volume from Guyana’s Stabroek Block require just $3.7 billion for the first phase of the Liza Development project. John...
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Schlumberger provides world-class software, equipment to University of Guyana

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US-based oilfield services company Schlumberger is throwing its support behind Guyana’s premier learning institution with the supply of computer systems, software and training. The contribution was made to the University of Guyana’s Geotechnical Computer Laboratory on Wednesday. According to a press...
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Public engagement for Payara Development begins in Georgetown

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The first in a series of public scoping meetings for the Payara Development Project got underway on Tuesday in Guyana’s capital, Georgetown. Members of the public, civil society as well as representatives from a number of institutions participated in the...
News

Young Guyanese ecstatic about working offshore with ExxonMobil

OilNOW -
Some 24 young Guyanese who have been given the opportunity to work with US oil major ExxonMobil on its giant Liza project offshore the South American country are looking forward to joining the team that will bring first oil...
News

Technology may be a game changer for future oil supply – WoodMac

OilNOW -
Industry Analyst Wood Mackenzie says a giant oil supply gap looms and if, as it expects, oil demand peaks at 110 million b/d in 2036, the inexorable decline of fields in production or under development today creates a yawning...
News

Brazil oil regulator announces details on October deepwater oil auction

OilNOW -
(Reuters) Brazil's oil regulator ANP on Monday announced details of the 16th-round auction of oil areas under the concession regime, stipulating a higher bonus amount for the CM-541 block in the Campos Basin, which surpasses 1 billion reais ($259...
News

Trinidad & Tobago’s ‘imposition of 12.5% royalty’ could backfire – GlobalData

OilNOW -
Trinidad and Tobago is looking to attract exploration investment with a new offshore bid round. However, the introduction of a royalty imposed on investors may be counter-productive for the government in the longer term, according to GlobalData, a leading data...
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Guyana represented just 4.2% of ExxonMobil’s global asset portfolio in 2024

Despite its role as one of the fastest-growing oil producers in ExxonMobil’s global portfolio, Guyana accounted for just 4.2%...

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